EURUSD

Quoting Shadowfx

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...

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Quoting pipmac

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Why not wait for that selloff b4 risking a Euro Short????????
Euro is in an uptrend and you have to get extremely lucky if this trade works....Please the sell euro from bloomberg story ..what a joke!! Do the oppisite of what they say. They are just talking the Euro down a bit to make bernenke happy. There is no sign whatsoever of this Euro trend ending at 1.60.

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Quoting bullrock

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So what do you think, looking at that chart without listening to the JOURNALISTS?

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Quoting Srikanth

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I will not long until 1.6060 breaks..

here is my chart

http://www.lolpal.com/files/bvufcz96...5l4s_thumb.gif

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Quoting BoredToLoose

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Meanwhile I will leave a open short in my account SL @1.6066.
with no price target. If this pair goes south and not hit my SL I will close this short March 2009 or 1.4450.

Good Luck to all you guys!

My View is still intact, We will see EURUSD at 1.4500, but if price goes to 1.6060 with no fast retrace, my View is then DEAD!

OIL, Gold and other commodities must have a big and nice retrace very soon, this will give strength to USD.

Now I will relax for some months!
Forex is killing my Familiar relationship, too many time with Forex!

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Quoting Shadowfx

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First of all, this bloomberg article was already available yesterday and secondly the survey was separate and has absolutely nothing to do with Bernanke.

IMHO we sometimes focus to much on whats going on in the US now, meanwhile Europe is heading for trouble also...first victim yesterday in Spain...signs of a strong slowdown in Europe's Housing prices

Quote from Herald Tribune today:

A crisis in Spain's once-booming real estate market has claimed its first big victim as Martinsa-Fadesa, one of the country's largest construction companies, filed for protection from creditors holding more than €5 billion (US$8 billion) in debt.

Martinsa-Fadesa said the Spanish economy in general and the real estate market in particular are in a state of recession and this had led to a "radical stagnation" in sales of the properties it builds.

Martinsa-Fadesa, which is quoted on the Madrid stock market, is a leading property group in Spain
Martinsa-Fadesa is one of Spain's largest construction companies, with nearly €11 billion (US$17.4 billion) in assets.

It is now the first major victim of the crisis in Spain's real estate sector, which had been the main engine behind more than a decade of robust economic growth but is now in a free fall because of sharply higher interest rates and tighter lending conditions from banks.

Residental home sales are down 30 percent this year and housing prices are falling in some major cities like Madrid and Barcelona.

I'm neutral and don't care making money with shorts or longs..fact is there are plenty of signals for the Euro rally to end soon...just providing neutral information to use as you see it fit for yourself

Just my 2 cents

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Quoting pipmac

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Sure i was just commenting on the short somebody was making at 1.60. These kinds of stories can make people make bad choices....

I GUARANTEE THAT the euro will break 1.61 b4 heading lower.

NOT just my two cents. Just a small figment of reality. GL

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Quoting TreasureHunt

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with u ...again....think 2 chicken before....get a lower price but think its ok...got a clue from oil n EG chart(very bearish in short term)...

USD...

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Quoting bullrock

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So what do you think, looking at that chart without listening to the JOURNALISTS?

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Quoting bullrock

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The target is 1.66 in my book...

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Quoting Shadowfx

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I'm a technical trader myself but never ignore news and fundamentals...9 out of 10 times I might go long in this situation....BUT at a different price level...

However we now arrived at a major key resistance point...US does not want a weaker dollar anymore, Europe does not want the EUR to get stronger, large investment, bonds and fund managers turning bearish...

Nothing to do with Journalists..I'm doing my due diligence with my economical background and based upon trade accordingly with charting technical indicators.

Like I said I'm neutral and just share my opinion here, I go long when I see I can profit and I go short when I see I can profit...

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Quoting Shadowfx

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I'm a technical trader myself but never ignore news and fundamentals...9 out of 10 times I might go long in this situation....BUT at a different price level...

However we now arrived at a major key resistance point...US does not want a weaker dollar anymore, Europe does not want the EUR to get stronger, large investment, bonds and fund managers turning bearish...

Nothing to do with Journalists..I'm doing my due diligence with my economical background and based upon trade accordingly with charting technical indicators.

Like I said I'm neutral and just share my opinion here, I go long when I see I can profit and I go short when I see I can profit...

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Quoting pipmac

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ABOVE 1.6420 at least. The fact of the matter is that the US economy is in worse shape then the Euro zone. At least for now, and it's getting worse.

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Quoting BoredToLoose

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I am with their views.

These last bull run mess with my H4 EW count, I have count 4 as a Tiny retrace of 115 pips, but I see now that 4 count was from 1.59 to 1.5610 and this last Bull Run to 1.6040 was 5 Wave from 1.5610 to 1.6040, now it is time to do Our bets will stop there or have more strength to go to 1.65, I think NO!

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Quoting bullrock

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Ok look, no offence. I just cannot stand when I see quotes to journals/journalists. They tell you what is popular, what you and I want to hear. They do make money from popularity not from analysis that actually make money. My opinion. Also markets are driven by sentiments not by fundamentals. They do play role of course in the long term... What is long term I have no idea. But if you ask me the euro will go further up.

Thank you for listening. And again sorry if I have ever offended you.

Regards
BR

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Quoting Shadowfx

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Glad you brought this up...hit the nail on the head...in Forex large investors look ahead..be one step ahead...

US trying to get out of a near technical recession...Europe trying to prevent sliding into one...do the maths... (Hint..Europe is lagging behind..they have yet to face what the USA is facing now)

No guarantees from my part, just my 2 cents..

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Quoting akirax

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Oil drops $8 to below $140.

http://marketwatch.com/r.asp?g=A6CB4...675D8B8&d=bnbt

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