euro going up???

hi all...


just wondering really how come the euro is sooo loved all across the board today??? i mean what with the outstanding news of the durable goods and the new home sales ......not only it didnt gain but it diped even further to new highs for 2006 of 1.2468....

any info? any thoughts?

please do share....

thanks ....

Aren't fundamentals great! That's one of the best things about forex that I enjoy the most! YOU NEVER KNOW WHAT THE MARKET IS GONNA DO!

And really, that's the best way....otherwise it would be a very dull market overall.

There has been a lot of interest in the EURO and often institutions and banks will buy in on a dip and the added weight of their purchase will propel the market. Other factors play in as well....and many here can explain in great detail if you really want to know that badly.

yousee Timmy, the powes that really move the fx market are tired of the usd being strong and the only way for them to make money,{your money} is to make you think it si going to fall and then it looses and the eur gains, youlost big because you fell for the fake. DONOT TRADE AGAINST THE TWOHUNDRED MOVING AVERAGE NO MATTER WHAT ANYONE OR ANYTHING INTHE MARKET SAYS..... ALSO DONOT EXPECT A TURN-A-ROUND OF THE USD UNTILL SOMETHING CLOSE TO 1.2560-73. tHERE MAY BE SOME RETRACEMENTS BUT DONOT SELL ONLY BUY AT THE LOWS FOR A HIGHER TARGET..

Put a trade and take a long weekend. Come back and cash in.
Wouldn't that be nice ?

Precaution ! ! Friday GDP
Long ( possible correction to 1.815 first )
entry 1.7833
stop 1.7640
target 1.8085, 1.8200

*************

Precaution ! ! Friday GDP
Long ( possible correction to 1.2408 first )
entry 1.2437
stop 1.2220
target 1.2580, 1.2670

Only if everything works the way we wish it to. ! !

Hasn't a great trader once said:

The market is tighten to the fundamentals with a rubber band, givin' it room
to move up and down?

good entry to long right now , eur/usd @ 1.2460 , target : 1.2600 , dont use stop lost !

Trade entered 1.2437

German data to be released in 5 minutes. If bad news, I will hedge it until it reaches 1.2405

well that's 80 pips locked in for you highway??

can't believe it, anything anti USD was like money falling off a tree.

this is like a first.. i started entering more and more, and am sitting on unrealised of 20% of my account....
crazy...

long eur 1.2414 and 1.2427
short cad 1.1295
long aud .7530 and .7510 and .755
long gbp from 1.796

they all just broke out ...

Hello Khoong,

Have not seen you here for some time. Nice to see you back.
There might be some pull back before it will continue with more downward move. Has taken a pause with 100 pips.

hey highway, i've always been around.. just lurking and not posting much ...

pullback or not, i've just got my trailing s/l hit, so will see where the eur heads to next...
its going to be an interesting next couple of days...