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

EUR

Discuss EUR in this thread
 
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 17, 2011 12:51

Reuters : the euro fell to a session low versus the dollar on Monday after comments from German Finance Minister Wolfgang Schaeuble saying the EU summit would not present a definitive solution to the euro zone debt crisis prompted investors to sell the single currency.
Selling continues .
Sir Ignore
United States
Posts: 3068
13 years ago
Oct 17, 2011 12:30
g morning
re my earlier view looks like E fell thruthe 3816 level perhps now for 3700 and below.


but 4 hr model not short yet for validity
1 hr not short yet.
stay tuned

any views?
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 17, 2011 12:28
yes thats true but its stunning how exactly EURUSD moves with bond yield . There is little confidence in EU fixing the Ezone debt holes. So far 1378 is the low.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Oct 17, 2011 12:25
also, a thin volume bull trap could become a real bull, like they did in feb when AL call for bear.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Oct 17, 2011 12:19
ah, bot, what is your year end target? 120/125/128?
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 17, 2011 11:33
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 17, 2011 11:02
I observed that in assumed markets preparing a bull trap the opening in asian fx is a reliable indicator for London fx. If in Asia USDx opens higher and EURx lower, that was confirmed in 70% in London trade. Not immediately but later on.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Oct 17, 2011 11:02
Cat.. did the search for any Euribor-Eonia charts there and could not find anything?.. do you have a link to that paper?
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 17, 2011 9:29
Astrologers and soothsayerz... said article about the precursing function of rate spreads
appeared in FT Alphaville .
Sir Ignore
United States
Posts: 3068
13 years ago
Oct 17, 2011 2:10
looks like 3820 is key area if breaks below 3816 with a 4 hr candle could be sub 3700..

1 hr not quite short yet but indicators down


perhaps a short below 38 for sub 37.. 30 pip stop

or bounce at 3816 for higher 40's as AL suggests

too early...