Today S&P bull tomorrow $ bull...
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedDOWN, on some good old DISTRIBUTION.Ignored
DislikedOk now that ive kinda gathered myself... I stayed up and traded the eupope session last night and after the 3rd rejection of 1.3050 I shorted for and got out of trades in green pips before NY session started. Now then after pending home sales had lil effect on market i shorted again 1.2967 thinking that we may get a test of 1.2880 before what i believed ( and still ) believe a rise to 1.32/ 50 area. But because i stayed up al night i feel asleep right before Fomc was released I was drooling on my desk... when i woke after my 1 hr nap to my surprise...Ignored
DislikedYou think Euro will go higher then 1.3102??
I doubt it.
so you say Short at very peak top ?Ignored
DislikedCareful, there's a rumor going around that Goldman Sachs just recommended long E/U (on long time frame, I assume) - no surprise after listening to BernAKEE trash the dollar and stomp on it for the last hour... nothin gonna stop him from stimulating the economy until it's a cadaver and the dollar is totally worthless!
"Tranmission mechanism...weakened" but... "not out of ammunition" (ie: stimulus drugs)
The BernAKEE talk may take a few hours to wear off...Ignored
DislikedCovered 95% of total amounts at 1.2971 and 1.2972 ...
Time 15h27 CET
DislikedThe euro daily downtrend had turned.
The daily now has the 3 white soldiers formation, a very potent bullish reversal pattern. I fully expect a test of the monthly pivot (3115) in the coming days before pausing temporarily. Clear that & this pair can easily climb another 400 to 500 pips.