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  • #214,461
  • Mar 22, 2010 3:15pm Mar 22, 2010 3:15pm
The pair seems to be building some momentum in an oversold market.
More important: we had a buy signal at 13551, which was honored.

Good luck,
  • #214,462
  • Mar 22, 2010 3:17pm Mar 22, 2010 3:17pm
Quoting realjumper
The euro may slide against the dollar even if the EU devises a plan to aid Greece at the summit this week, according to Standard Bank Plc.
“It is a key week for Greece and the EU, which leaves euro-dollar staring over the precipice of a slide to $1.25,” Steve Barrow, head of Group of 10 currency strategy at the firm in London, wrote today in a report. “It might seem to be a problem of Greece’s own making but, in our view, it’s a problem of the EU’s own making and this means the euro will still fall even if Greece is...
Yeh just read it...and it still might go above 1.3700 before tanking towards 1.25...but they are really pessimistic to see 1.25 soon

But it looks like that everyone is saying that euro will fall no matter what eurozone & imf will do....weird...i can't understand why
COT: The precious data ignored
  • #214,463
  • Mar 22, 2010 3:18pm Mar 22, 2010 3:18pm
Quoting quantts
The pair seems to be building some momentum in an oversold market.
More important: we had a buy signal at 13551, which was honored.

Good luck,

Finally on the same way...
Any stop / tp in sight ?
COT: The precious data ignored
  • #214,464
  • Mar 22, 2010 3:19pm Mar 22, 2010 3:19pm
Quoting DavidValera
euro bulls are morons, usd will soon rally its way to 1.20 before the year ends .. euro is good toilet paper

I donīt know what made you come up with this kinda statement?

Nobody knows what will be in the future and if you ever bothered to look at the US closely, there are no reasons for the greenback to fly...
In fact, if you draw TLīs on the very longterm charts the euro is still in an uptrend while the USD-index is still in a downtrend and I would have a hard time finding reasons to confirm a statement like yours...

Plus, as already stated in here, 99% of the people in this forum are rather short term traders....and until the end of the year they will be making tons of pips probably by going long or short whenever their charts tell them.

You better behave and think before talking like you did....otherwise I would think you are the moron here.
You could at least lay out the reasons for your statement - what makes you saying this...
  • #214,465
  • Mar 22, 2010 3:21pm Mar 22, 2010 3:21pm
Quoting kuroro001
i can't understand why
Because 8 billion $ on short side

(do I hear SOROS?) would like EUR to fall or else lose

their shirts on it (more like it). They keep spamming DJ news wire

with all the negative BS and yet EUR holding ok..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #214,466
  • Mar 22, 2010 3:26pm Mar 22, 2010 3:26pm
US Health Care bill can be sign into the law as soon as tomorrow..

We don't know yet how additional 1 trillion $ in Debt will affect USD

Forex exchange rate, so far they keep saying no reaction, but we'll

wait and see..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #214,467
  • Mar 22, 2010 3:31pm Mar 22, 2010 3:31pm
Quoting kuroro001
Yeh just read it...and it still might go above 1.3700 before tanking towards 1.25...but they are really pessimistic to see 1.25 soon

But it looks like that everyone is saying that euro will fall no matter what eurozone & imf will do....weird...i can't understand why
Perhaps it will go to 37xx....I can't see it, but it might. I imagine that 1.25xx is likely because this is a much bigger issue than just Greece, which after all, is a very small player in the world (and the EU) economy. Look at the amount of time this issue is taking to resolve one way or the other, and there is still no end to it. It doesn't speak very highly of the leadership and union of the EU members.....and there is still the other PIIGS yet to come. The whole reasoning behind why these countries got themselves into so much trouble undetected, and this ridiculous and damaging procrastination is just absurd at best, and immensly damaging for the whole EU at worst.

Lack of leadership.....no contingency plan.....no unity......no resolution after how many weeks? If I was an investor, I'm damn sure it wouldn't be in the Euro!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,468
  • Mar 22, 2010 3:34pm Mar 22, 2010 3:34pm
It was more than 300 pip drop...retrace at least 38.2 fib would be just logical
  • #214,469
  • Mar 22, 2010 3:38pm Mar 22, 2010 3:38pm
Elliott Wave on EUR/USD

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Trend is your the best friend. Ever
  • #214,470
  • Mar 22, 2010 3:41pm Mar 22, 2010 3:41pm
Quoting kuroro001
Yeh just read it...and it still might go above 1.3700 before tanking towards 1.25...but they are really pessimistic to see 1.25 soon

But it looks like that everyone is saying that euro will fall no matter what eurozone & imf will do....weird...i can't understand why
Because there is no transparency in the EZ. Until the markets find out what is really going on, it's a crap shoot.
Si vis pacem, para bellum.
  • #214,471
  • Mar 22, 2010 3:47pm Mar 22, 2010 3:47pm
Quoting kuroro001
Finally on the same way...
Any stop / tp in sight ?
We are aiming for something like 13650. But that could be adjusted if we see an opportunity. But let's get there first.
Stop is at 13490.
This signal was given on a short term model, so we keep it close.

Bye,
  • #214,472
  • Mar 22, 2010 4:03pm Mar 22, 2010 4:03pm
greater forces are at work. deep breaths..with ass glue may help..
those who can, do. those who cant, talk about those who can
  • #214,473
  • Mar 22, 2010 4:07pm Mar 22, 2010 4:07pm
fake rally
  • #214,474
  • Mar 22, 2010 4:11pm Mar 22, 2010 4:11pm
Quoting SkyzerFX
Because 8 billion $ on short side

(do I hear SOROS?) would like EUR to fall or else lose

their shirts on it (more like it). They keep spamming DJ news wire

with all the negative BS and yet EUR holding ok


euro holding ok? I doubt the markets say that its holding ok.... its getting battered by a lot of currencies aud, cad, nzd, jpy, usd, gbp, chf, etc....Im not saying that it has a one way ticket to hell, but there may be bullish retracements and what not. Take it for what its worth, stop trying to "outsmart the market", you dont need to. Trade what the market presents- bearish trend, cause its not gonna turn around on a dime no matter how bad you want it to. US debt? look at japan debt/gdp ratio and look where yen is. Germany loves devalued euro boosting its exports to help EZ recover, so it doesnt have to hold piigs head above water. Theres hardly any other country in EZ that can compete with them. What other country is gonna carry the EZ? none cause they have serious fiscal issues that cant be solved by a "bailout" by one country trying to carry 15 other countries on its back. How the hell can EZ sustain any type of growth or employment? German exports are even on the decline as it is, no one want expensive euro goods any more. Why would companies go there when they can just go straight to china who has their currency artificially devalued and cheaper exports? The chinese are stubborn, all of these govs asking them to valuate their currency lol....theyre only gonna hold out longer.
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  • #214,475
  • Mar 22, 2010 4:12pm Mar 22, 2010 4:12pm
So this is the Daily from Feb 8th until the close a few moments ago. What does todays Daily close tell us?......not a damn thing!! It's just more of the same......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,476
  • Mar 22, 2010 4:12pm Mar 22, 2010 4:12pm
Guys who agree with me about buying euro for tomorrow?! I think it's gonna reach 1.3650 by tomorrow.... what do you think?
  • #214,477
  • Mar 22, 2010 4:14pm Mar 22, 2010 4:14pm
Quoting Duce
Because there is no transparency in the EZ. Until the markets find out what is really going on, it's a crap shoot.
Not to be snarky but, the Fed was last audited when???
  • #214,478
  • Mar 22, 2010 4:17pm Mar 22, 2010 4:17pm
Quoting SerpentDove
Not to be snarky but, the Fed was last audited when???
Apples and oranges dude......the Fed deals with one country....EU is many countries
Doing what you like is Freedom. Liking what you do is Happiness.
  • #214,479
  • Mar 22, 2010 4:20pm Mar 22, 2010 4:20pm
short here at 1.3551, trying to ride this baby through support, it'll bounce a little, today's close is a pin bar but we got a dark looming trendline right above so im not afraid to follow the trend
  • #214,480
  • Mar 22, 2010 4:21pm Mar 22, 2010 4:21pm
Quoting realjumper
Apples and oranges dude......the Fed deals with one country....EU is many countries

FED deals with many states...same thing...different packing
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