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EURUSD

  • #67,141
  • Feb 20, 2009 9:08am Feb 20, 2009 9:08am
Hello, guys.

After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!

It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?

Thanks

p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!
  • #67,142
  • Feb 20, 2009 9:12am Feb 20, 2009 9:12am
Quoting juntherokmc
Hello, guys.

After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!

It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?

Thanks
Friday !
  • #67,143
  • Feb 20, 2009 9:14am Feb 20, 2009 9:14am
Quoting juntherokmc
Hello, guys.

After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!

It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?

Thanks

p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!

ECB intervention maybe
  • #67,144
  • Feb 20, 2009 9:14am Feb 20, 2009 9:14am
I drow a beautiful simetric triangle in the H4 chart.
Right now there a strong uptrend.
Does anyone know what could the market do next ?
Thanks !
  • #67,145
  • Edited 9:20am Feb 20, 2009 9:16am | Edited 9:20am
That 1.2555 zone is a huge support area, tough to break. I'm not saying it won't, but until it cleanly breaks that zone I would not sell around that area.

I'm out this week with 160 pips. My plan for next week is buy at 1.2555 area unless it cleanly breaks. Sell at 1.2700, if it breaks I will buy again. thoughts?
  • #67,146
  • Feb 20, 2009 9:16am Feb 20, 2009 9:16am
Quoting juntherokmc
Hello, guys.

After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!

It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?

Thanks

p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!
And with that push up it seems to have broke out of its channel it had developed. I would not have thought it would do that on a friday.
  • #67,147
  • Feb 20, 2009 9:19am Feb 20, 2009 9:19am
Quoting FadelMS
Yes I did. They became smaller but they are still hanging around.
VT Navigator {Left side of Screen}
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  • #67,148
  • Feb 20, 2009 9:24am Feb 20, 2009 9:24am
huh.. that was a nice roller coster ride. from +60 become -ve. I leave the position open since it just took a good ,big, huge strength to shoot down even further.

have a nice weekend all.
Trade what you see. Write what you feel
  • #67,149
  • Feb 20, 2009 9:24am Feb 20, 2009 9:24am
Quoting essenza
ECB intervention maybe

U R JOKING RIGHT?

haahahahahaa
  • #67,150
  • Feb 20, 2009 9:34am Feb 20, 2009 9:34am
As i said early . I dont think we will again test october low. the max down we can go in my chart is 1.2465-1.2475. then we will go again up for the next month. Same with AUD 0.62
  • #67,151
  • Feb 20, 2009 9:37am Feb 20, 2009 9:37am
Quoting trading801
btw, anyone follows peter schiff here?

he predicts USD will eventually DROP like a rock..
i think Peter Schiff is right in almost everything he says except for gold, which would drop like a rock in the first signs of recovery, this is the only point of view i don't agree with.
  • #67,152
  • Feb 20, 2009 9:43am Feb 20, 2009 9:43am
Quoting Bemac
VT Navigator {Left side of Screen}
Trading Tab
Chart Layers
Indicator Labels
Visible "Uncheck"
Thanks Bemac, this option is available in the previous version, but I couldn't find it in VT Trader 2, the one I'm currently using.
  • #67,153
  • Feb 20, 2009 9:48am Feb 20, 2009 9:48am
Quoting juntherokmc
Hello, guys.

After the initial fall in EUR/USD straight after the "higher-than-expected" US core CPI data, EUR suddenly reversed its course and had recovered about 70 pips to around 1.2630 in less than 30 mins!!!

It seems that EUR might go up again against USD!!!
can anyone explain this sudden reversal? Is it just another unraveling of positions?

Thanks

p.s. I've got to admit that I am talking about this change on a really small time scale less than 1HOUR~!!
It wants to go down from 1.2602, but it has gone back to test 1.2647area first.

This may take some time, but keep an eye on these areas, and notice the reactions.

Good Trading.
Good Trading. (keep it simple).
  • #67,154
  • Feb 20, 2009 9:52am Feb 20, 2009 9:52am
Quoting arthurb
i think Peter Schiff is right in almost everything he says except for gold, which would drop like a rock in the first signs of recovery, this is the only point of view i don't agree with.

i watch a video.. he said gold, $2000 /o this year
  • #67,155
  • Feb 20, 2009 9:54am Feb 20, 2009 9:54am
Daily close above 1.2700 and say goodbye 1.26 and hello 1.3xxx
Going to make it big by age 21.
  • #67,156
  • Feb 20, 2009 9:57am Feb 20, 2009 9:57am
Quoting Jasper
It wants to go down from 1.2602, but it has gone back to test 1.2647area first.

This may take some time, but keep an eye on these areas, and notice the reactions.

Good Trading.
Bear in mind it may go up from 1.2647, but it has indicated a down from 1.2602, and confirmation is needed on lower time frames such as 30min 15min 5min.

Good Trading.
Good Trading. (keep it simple).
  • #67,157
  • Feb 20, 2009 9:58am Feb 20, 2009 9:58am
I know that almost will laugh with what I am going to write, but next 1H30 will tell where we will go for next week!!!

My good action of the day is done!!

Crystal Ball it is closed for sometime!!

Watch out Gold and be prepared for action!!!
  • #67,158
  • Feb 20, 2009 10:00am Feb 20, 2009 10:00am
Quoting BoredToLoose
I know that almost will laugh with what I am going to write, but next 1H30 will tell where we will go for next week!!!

My good action of the day is done!!

Crystal Ball it is closed for sometime!!

Watch out Gold and be prepared for action!!!

how in the world could you possably know that by the next close??
  • #67,159
  • Feb 20, 2009 10:02am Feb 20, 2009 10:02am
Quoting CAnthonyMVE
how in the world could you possably know that by the next close??

he said already.. crystal ball ! lol
  • #67,160
  • Feb 20, 2009 10:02am Feb 20, 2009 10:02am
I wouldn't jump on Peter's bangwaggon yet.


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