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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Sep 7, 2011 21:26
Some speculation Trichet could hint rate cut . But this could mean EURx goes straight up for some hours, or even days. Then its Ben's turn. I won't trade EURUSD tomorrow only scalping.
subway90
Posts: 1078
13 years ago
Sep 7, 2011 21:23
yeah dave....

looks like Euro stabilizing checking the 8 hour candle... and targeting 4200 resistance level...
if it manages to stabilize back above 4200... i see it moving higher.... testing 4400/4440 level... :)

Aud paving the way for move higher... to 1.08+ level...
and GBP's 5900/20 support held... once it clears 6030... could be heading back up to 6200/20....
CHF looks to be correcting back down to 8300 level....
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 7, 2011 21:18
Bernanke speaks tomorrow in Minneapolis 13.00 ET. More clues on Fed move perhaps.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 7, 2011 21:10
The increase was all part of his con game imho.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 7, 2011 21:09
Trichet is chauvanistic about his eur. Does he step down in October ?
FXHandler
Norway
Posts: 195
13 years ago
Sep 7, 2011 21:06
No interest rate change is expected.....but I can't understand their policy. They should have cut the rate in June, atleast not raise it....
Trichet must soon realize the state of their economy....
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 7, 2011 21:04
yeah subs, agree it hit support on the nail !
Qingyu
manchester, UK
Posts: 1763
13 years ago
Sep 7, 2011 20:59
cat, agree.
subway90
Posts: 1078
13 years ago
Sep 7, 2011 20:55
lower support line represents the longer term resistance turned support line which goes way back to july 15,2008 high(1.6038) thru nov. 25. 2009 high(1.5144)....

looks like it held for now.... and could be heading back up to the resistance line....
i think a good chance as long as this support line holds(no weekly close below this support line)... could see move higher without the dip below 3837 as most traders are convinced for move lower.... :)

gl/gt
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Sep 7, 2011 20:34
Has anyone heard of this buddy? Good intermarket arguments imo. http://www.madhedgefundtrader.com/august-29-2011-2.html
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