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Bearish EUR/USD

  • #1
  • First Post: Jul 16, 2008 8:33pm Jul 16, 2008 8:33pm
I'm waiting for this to come back from where it came... parity... So I could be short all the way back to 1.00 EUR/USD and take my profit!!!! Miam miam a generous trending market...licking my chops waiting for you litlle baby!!! Mouhahahaha!!!!!!!!!!
  • #2
  • Aug 1, 2008 11:51pm Aug 1, 2008 11:51pm
I think the new trend is coming. Euro was not able to get above 1.60 bad news for the dollar and we are still down for the Euro...this thing is telling me something! Why don't you sell me!!! Thats wath I've done at 1.5909 and still short come on baby!!!!
  • #3
  • Aug 2, 2008 2:47am Aug 2, 2008 2:47am
It could easily go back to 1.59 within this week.

Who knows.
  • #4
  • Aug 2, 2008 3:49am Aug 2, 2008 3:49am
Quoting uncleforex
It could easily go back to 1.59 within this week.

Who knows.
Maybe Stephen Koukoulas knows.
  • #5
  • Aug 2, 2008 8:20am Aug 2, 2008 8:20am
I think it is still move in a something like triangle. It is consolidation with strong support at 1,5280-1,53 and strong resistance about 1,6. Now I suppose that eurusd will move to 1,53 and then we will see...

On Friday was nice down shake althought informations weren't very good so I'm short now to 1,53
  • #6
  • Aug 2, 2008 2:33pm Aug 2, 2008 2:33pm
News doesn't look any better for EUR next week but it cant drop to 0 in one movement. Sentiment is due for a retracement soon.
  • #7
  • Aug 7, 2008 9:31am Aug 7, 2008 9:31am
Quote
I think it is still move in a something like triangle. It is consolidation with strong support at 1,5280-1,53 and strong resistance about 1,6. Now I suppose that eurusd will move to 1,53 and then we will see...

On Friday was nice down shake althought informations weren't very good so I'm short now to 1,53

My forecasting turned out to be good
  • #8
  • Aug 7, 2008 10:21am Aug 7, 2008 10:21am
Bridge

Sell me some euro. Any size. I'll take them all.

Seriously now, euro is not even 5% below it's high.
Take a report.
  • #9
  • Aug 7, 2008 12:20pm Aug 7, 2008 12:20pm
The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315-30, which we expect to hold and trade towards 1.5410.
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #10
  • Aug 14, 2008 9:27pm Aug 14, 2008 9:27pm
Quoting jckm
The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315-30, which we expect to hold and trade towards 1.5410.
And now it's over over over over extremely over sold ...
  • #11
  • Aug 15, 2008 2:58am Aug 15, 2008 2:58am
Looks like a divergens in usd/chf - MACD, since it is not going higher on the higher price
Attached Image (click to enlarge)
Click to Enlarge Name: divergens.JPG Size: 197 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #12
  • Aug 15, 2008 4:38am Aug 15, 2008 4:38am
Quoting Bridge
And now it's over over over over extremely over sold ...
Well you can say that again. But guess what? Nothing surprises me any more in the forex world. It can continue down another 500-1000 pips and never bounce.
Expected the unexpected
  • #13
  • Aug 15, 2008 6:23am Aug 15, 2008 6:23am
Usd now is very strong related to eur, chf and jpy. We will see where it goes. I expect consolidation in 1,47-1,4850, later down again
  • #14
  • Sep 4, 2008 10:52pm Sep 4, 2008 10:52pm
1.4200 euro for 1.000 us dollar should I exit my short position from 1.5909!!!
  • #15
  • Last Post: Sep 4, 2008 11:09pm Sep 4, 2008 11:09pm
Bridge,

You really did nail it. Lots of ppl said sell 160 but I don't know many who held out
for as long as you have. I couldn't stand it either, so I didn't ride it all the way.
Hope you were short for 10 lots ! Give this man his propers and kudos.

People, if you have one trade a year even half as good as Bridge, you WILL become a 1 percent winner.
Just don't lose it scalping on the other 99 trades. One trade can be THE trade.

cool.
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