I'm long for the mid term. Target is 1.29. Technically, this pair is overdue for a sizable retrace. Fundamentally, there's been a lot of talks about ECB intervening. Therefore I think this rally will continue for several more weeks or until more sour news come out of Greece or Spain. Long term trend is still down. But I think retrace to 1.29 first then down again.
- #682,943
- Aug 22, 2012 9:31am Aug 22, 2012 9:31am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #682,944
- Aug 22, 2012 9:36am Aug 22, 2012 9:36am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #682,948
- Aug 22, 2012 9:43am Aug 22, 2012 9:43am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #682,957
- Aug 22, 2012 9:52am Aug 22, 2012 9:52am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts