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EURUSD

  • #422,721
  • Apr 17, 2011 11:21am Apr 17, 2011 11:21am
current interbank rate 1.4450.. 1.4480 still in picture
  • #422,722
  • Apr 17, 2011 11:28am Apr 17, 2011 11:28am
Quoting pkimnyc
any particular reason why not a chance? (besides fundies please)
the euro is on the precipice of imploding. the higher we go the worse it is for the struggling periphery who can't pay back their high interest loans as it is. the pigs are not only suffering from debt but they lack competitiveness. Spain is lying about the amount of trouble they are. sure... China will buy them some time but that's about it. Germany is growing tired of the euro project. all the talk about restructuring sends a message to the weaklings. we want to help out but there's a limit to our purse and you are there.
  • #422,723
  • Apr 17, 2011 11:28am Apr 17, 2011 11:28am
Quoting kenfen69
ECB Rate Increase Expectations of Investors ‘Well Founded,’ Nowotny Says
good fundamentals
  • #422,724
  • Apr 17, 2011 11:36am Apr 17, 2011 11:36am
Greek Debt Restructuring Floated by Germany as Papandreou Pushes Austerity

Me thinks any restructure will be perceived as a positive.
  • #422,725
  • Apr 17, 2011 11:44am Apr 17, 2011 11:44am
Quoting Pipwanderer
good fundamentals
Yes...hard to stop momentum.

So much bad news out there right now...absolutely everywhere. Momentum and even "talk" of hikes could be enough to cast off any of the negatives.

We'll all know soon enough.
  • #422,726
  • Apr 17, 2011 11:50am Apr 17, 2011 11:50am
Quoting fxpreacher
the euro is on the precipice of imploding. the higher we go the worse it is for the struggling periphery who can't pay back their high interest loans as it is. the pigs are not only suffering from debt but they lack competitiveness. Spain is lying about the amount of trouble they are. sure... China will buy them some time but that's about it. Germany is growing tired of the euro project. all the talk about restructuring sends a message to the weaklings. we want to help out but there's a limit to our purse and you are there.
weren't you on the bear camp due to the same reason a month ago?
  • #422,727
  • Apr 17, 2011 12:03pm Apr 17, 2011 12:03pm
I expect price to continue down this week. Several long cycles point to last weeks candle being a high (pivot candle).

----Over all the trend will be up for the next several months, But I am going to short this pull back and gather a long at the short trades TP.

Chart 1: Long cycle complete (pending pivot this week)

Chart 2: Short targets. I Will enter short this week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu wk4.gif Size: 21 KB
Click to Enlarge Name: eu wk5.gif Size: 21 KB
  • #422,728
  • Apr 17, 2011 12:15pm Apr 17, 2011 12:15pm
Looks like no bailout for Portugal from True Finns:
http://blogs.voanews.com/breaking-ne...ish-elections/

could this start to move EUR/USD to 1.394?
  • #422,729
  • Apr 17, 2011 12:21pm Apr 17, 2011 12:21pm
The EUR is just now starting the bailout process the U.S started years ago. Players are in way before the crowd on interest rates players need to push market higher to unload. China raised rates Saturday, not EUR + The EUR is beginning process of becoming another USD. AUD, CAD, NZD, CHF have rallied hard cause the players anticipated this when EUR was dropping to 1.19 so they were buyers on way down when everyone said it was going to parity and now everyone saying its going to 1.61 so what do you think the players are doing now? Nuff said
  • #422,730
  • Apr 17, 2011 12:28pm Apr 17, 2011 12:28pm
Quoting FXmobster
The EUR is just now starting the bailout process the U.S started years ago. Players are in way before the crowd on interest rates players need to push market higher to unload. China raised rates Saturday, not EUR + The EUR is beginning process of becoming another USD. AUD, CAD, NZD, CHF have rallied hard cause the players anticipated this when EUR was dropping to 1.19 so they were buyers on way down when everyone said it was going to parity and now everyone saying its going to 1.61 so what do you think the players are doing now? Nuff said...
very good point. however, i don't know about you... but i don't have deep pocket like the players have. still need to base my trades on price levels. when it tops, it tops. short it then.
  • #422,731
  • Apr 17, 2011 12:49pm Apr 17, 2011 12:49pm
Quoting Pipwanderer
current interbank rate 1.4450.. 1.4480 still in picture

1.4412
  • #422,732
  • Apr 17, 2011 12:55pm Apr 17, 2011 12:55pm
Quoting FXmobster
The EUR is just now starting the bailout process the U.S started years ago. Players are in way before the crowd on interest rates players need to push market higher to unload. China raised rates Saturday, not EUR + The EUR is beginning process of becoming another USD. AUD, CAD, NZD, CHF have rallied hard cause the players anticipated this when EUR was dropping to 1.19 so they were buyers on way down when everyone said it was going to parity and now everyone saying its going to 1.61 so what do you think the players are doing now? Nuff said
Well according to the latest COT report the large traders added 5100 contracts to their EU longs.
  • #422,733
  • Apr 17, 2011 12:59pm Apr 17, 2011 12:59pm
If this pair gaps down in a couple minutes, will create a buying opportunity into last weeks support line
Attached Image (click to enlarge)
Click to Enlarge Name: break.GIF Size: 91 KB
  • #422,734
  • Apr 17, 2011 1:00pm Apr 17, 2011 1:00pm
I gave the bears a chance to make their move last week. Bears missed every opportunity to drive the market down. I figure, there weren't enough bears sitting on 1.45(ish) to move the market like I anticipated at the beginning of last week.

Bulls on the other hand, showing some caution near this level but has plenty of room to push price higher. Monthly chart shows, the next major level in site is 1.5100. I don't see a reason why the market will not hit 1.5100, being so close to it.

My EURUSD Monthly chart: http://chart.ly/brlas22
  • #422,735
  • Apr 17, 2011 1:07pm Apr 17, 2011 1:07pm
Quoting Jhig
I gave the bears a chance to make their move last week.
That was very sporting of you, Jhig.
  • #422,736
  • Apr 17, 2011 1:12pm Apr 17, 2011 1:12pm
Quoting Vesoao
Looks like no bailout for Portugal from True Finns:
http://blogs.voanews.com/breaking-ne...ish-elections/

could this start to move EUR/USD to 1.394?
IF they actually win...and IF they actually block Portugal funds...I'm sure we would see a sell off. But that is two big if's so far.

Time will tell.
  • #422,737
  • Apr 17, 2011 1:16pm Apr 17, 2011 1:16pm
Quoting kenfen69
That was very sporting of you, Jhig.
you are a funny guy.
  • #422,738
  • Apr 17, 2011 1:17pm Apr 17, 2011 1:17pm
Quoting hutrader
1.4412
4450 was a while ago
  • #422,739
  • Apr 17, 2011 1:32pm Apr 17, 2011 1:32pm
Quoting hutrader
Well according to the latest COT report the large traders added 5100 contracts to their EU longs.
Hey, where to find COT report? Thanks in advance.
  • #422,740
  • Apr 17, 2011 1:37pm Apr 17, 2011 1:37pm
Quoting suirad
Hey, where to find COT report? Thanks in advance.

http://tinyurl.com/6kprlfx
No way I'll wreck this... It's a beer truck!
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