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Is it the Beginning of a Major EURUSD Decline?
Yes, 1.30-1.34
 
 31%
Below 1.40 but not below 1.35
 
 34%
Consolidate near 1.44-1.46
 
 18%
Back above 1.46
 
 17%
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This thread was started in response to the Poll:

Is it the Beginning of a Major EURUSD Decline?

EURUSD closed the week below its January trendline supportand is showing a bearish engulfing pattern. Is it the beginning of significantdecline, or merely a shortlived pullback before a fresh recovery?
 
pcanon
California, United States
Posts: 1
8 years ago
May 9, 2011 4:49
VOTE:Back above 1.46

This is just a hunch, not technical. I believe the EU has every intention of maintaining a kind of economic supremacy. They will do erything within their power to maintain a strong euro - plus the US is doing everything in its power to debase the currency as a means of inflating their way out of their debts. Both are a matter of firm policy. US policy makers will do everything they can to avoid weakening the agenda of the military industrial complex, which is their primary agenda for the nation, despite whatever nonsesne they tell the public. I think there is little chance of a major pullback for the anti-dollar at this time. I expect it to pop.
ayman1
Michigan, United States
Posts: 1
8 years ago
May 9, 2011 1:39
VOTE:Yes, 1.30-1.34

euro is the best easy way to describe fear and greed, i was surprised to see it @ 1.49 level to begin with!
1.40 is the comfort zone for Europe and china, its not a rocket science to short @ 1.48(-+) and buy it 1.33(-+).
Nigel P
Ireland
Posts: 1
8 years ago
May 8, 2011 17:08
VOTE:Below 1.40 but not below 1.35

I think that the uncertainty surrounding the Euro situation may linger around for a few weeks, but similar to all of the previous "crises" nothing of any magnitude will occur and the market's attention will move back to the US. Until the US is in a position to seriously consider materially tightening monetary policy I don't believe the Euro will spend much time below 1.40. Additionally, the predictions of US GDP are falling (Goldman) which will reignite talk of even further easing into the Autumn.

Technically, that would be a healthy 50% retrace of the up move from January (1.2870) to May (1.4950) which the market has been calling for in any event.

Nigel Prior
Bozzy
Leicester, UK
Posts: 1
8 years ago
May 8, 2011 16:44
VOTE:Consolidate near 1.44-1.46

There hasn't been any significant chance in Europe only rumour
Which was denied by the Uk chancellor.
edi
tokyo, Japan
Posts: 3
8 years ago
May 8, 2011 12:17
VOTE:Back above 1.46

ALMOST everything (frankly can't think of any but gotta b there)that is short has NOT worked, plus the i-rate differentials vs U.S. are 'no-brainer' and Jim Rogers is very long Eur (he's not purrfect but good nose for trends). Technically I know I am very wrong, BUT price did pop thru the 3 point downtrending trend-line (since may 08). I have to respect that. I do see a '3 bump top ' on the daily '9,3,3' stochs so that's very bearish. But really, I can't discount ze Germans trying to keep the EC together until their voters tell them Nicht. Lotta firepower in the Germany, lots. At best, I'm hedged with bullish overweight...
campodetrading
Colombia
Posted Anonymously
8 years ago
May 8, 2011 4:49
VOTE:Consolidate near 1.44-1.46

The rumor of greece leaving the eurozone was denied. In any case euro was hit because of its bad news from Trichet that will not raise interest rate until July. So in my opinion eurusd can consolidate near 1.44-1.46 until it finds new trending fundamentals or any sustantial break above 1.47-1.49.
mandi
Singapore, Singapore
Posts: 4
8 years ago
May 8, 2011 3:54
EUR/USD , will not drop till US jobs recover and Fed stops every continued QE.
Eric
United States
Posted Anonymously
8 years ago
May 8, 2011 1:12
1.14 by mid October. Action 1 predicted reaction 1 as will action 2 predict reaction 2. http://img218.imageshack.us/img218/374/image25s.png
AJAY
United States
Posted Anonymously
8 years ago
May 8, 2011 0:42
VOTE:

EUR/USD will get a short bounce back to 1.45 and than it will go down to 1.4184 which is 23.6% retracement after that next leg is down to 1.35 and eventually it will touch 1.3061 (38.2% retracement). After this past weeks ECB meeting I beleive Trichet made a mistake of raising a rate in April. Although the NFP number in US came good, I beleive things rae not that great in the world. Now with the lower oil price Trichet won't feel the heat of inflation. Also raising the rates will make situation difficult for the PIGS countries.

Chabbou
Montreal, Canada
Posts: 2
8 years ago
May 7, 2011 23:32
VOTE:Consolidate near 1.44-1.46

Reviewing my previous vote / comment, a recent decline would go down to 1.4280 - 1.4155, than a consolidation would take place up to 1.4550 - 14760, than a third wave down would persue the trend down to 1.3855 - 136 levels..