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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
So what about 1.41? It is a calculation based on Mar 11. The meeting will decide that the risk of lower growth in Germany, lower economic growth in the periphery is higher than inflation risk.
Until then EUR remains driven by politics only, the belief is that the ECB will act well in advance of the United States on interest rates. That is, at least from economy, an illusion.
I did short 2 lots at 13975. Hoping to tp on one at 13800 and let the other run. Will cut loss at 14135/50.
I dont expect it to cross 14035 today, but who knows when every monday recently has been sell-dollar days.
I will open my big fat mouth and hazard a guess that the move down in the US session today thus far seems to be an impulse move and not a corrective one. It is always very difficult to catch a market turn but my guess is that it starts here. And I say that only because I am short somewhere around here LOL.
at what levels are you short? and your tp?
i'm still holding my 3970 and 4000 shorts... but i'll be getting off at 3850...
CAT...
good to know you have stops now... but why 1.41? any fundamental reason pointing to 1.41 as your stops? just curious...
gl/gt
Well in the short run anything goes and I wish everyone all the best.
I will hold on to my shorts unless 14135 is hit.