EU needs be sold down to 1.2 so we can ride it up again, it's way too high to continue up, and i see bear flag on weekly, maybe im imagining it
- #14,045
- Jul 11, 2008 5:36am Jul 11, 2008 5:36am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #14,047
- Jul 11, 2008 5:38am Jul 11, 2008 5:38am
true believers of bears can short now, I'll wait until below 1.5763 now since it held on so well earlier, I'll cover my position if it falls below
and will start selling if the signal comes, coz unless it starts rising very quickly tonight, else I think the bulls will start to lose interest...
and will start selling if the signal comes, coz unless it starts rising very quickly tonight, else I think the bulls will start to lose interest...
Don't believe in EUR very strong! I think this is a very big BOSSies made little up moving... Soon the EUR turning down!
The Euro zone bear market will follow one day, but for the time being this is an uptrend, a strong currency against a weak currency,as simple as that.
- #14,060
- Edited 6:19am Jul 11, 2008 6:04am | Edited 6:19am
I've been reading comments about Euro turning down since the 1.3 level
The Euro zone bear market will follow one day, but for the time being this is an uptrend, a strong currency against a weak currency,as simple as that.
The Euro has been in a bull market for the past 7 years or so but there is a storm brewing on the fundamental side that is not being talked about much and i think it is a very important thing to discuss in the future. Also, the monthly chart is pointing to a potential long term top in not all too long. Remember, each currency has a country backing its currency, the euro has no such thing. It was imposed on the people in anticipation of imposing on them a political union as well. Those plans seem more and more unlikely. Without a political union there will not be a single currency in the medium term. All national central banks have their national currencies in their vaults. So i think a discussion about a potential change of trend might be quiet appropriate in the near future as i think that future fundamentals that will be driving the Euro will not be that much on the economical but the political side.