EUR/USD - Page 127

Agreed, I had several shorts that I covered, i mean... 600 pips gains this week, no desire to risk those profits with this volatility.

I still see the 1.25 as the next stop, but also covered my sterling shorts, but I see that retesting 1.45.

Euro might be gapping up instead of down tomorrow.

http://www.businessweek.com/news/201...-update4-.html

“When the markets re-open Monday, we will have in place a mechanism to defend the euro,” French President Nicolas Sarkozy said. “If you don’t think that’s significant, you haven’t been to many EU summits.”

Thanks for the heads up. If we get a nice bounce ill be looking to get a short position again. The run up might last a day or two but once the riots start again I think the move up will be short lived

Yeah, I think most people are thinking along the same lines. I don't think alot of people see this as bottom. Panic definitely has not reached critical levels, so no contrarian thinking yet...

George Soros? Where are you? Time to break the ECB.

big bump up during the closed market. I think this is people who were short and are switching out.

Thus, please remember that when the EU comes out blazing with their big plan to "defend the euro" on Sunday and the Euro bounces, it will not be because of the announcement, but because technically and sentimentally it was ready to bounce anyway.

Certainly it will be very revealing if the Euro and stock markets do not bounce.

http://globaleconomicanalysis.blogsp...-it-takes.html

[QUOTE=FIBONACCI;2468675]

Thus, please remember that when the EU comes out blazing with their big plan to "defend the euro" on Sunday and the Euro bounces, it will not be because of the announcement, but because technically and sentimentally it was ready to bounce anyway.

Certainly it will be very revealing if the Euro and stock markets do not bounce.

[URL="http://globaleconomicanalysis.blogspot.com/2010/05/we-will-defend-euro-whatever-it-takes.html"]http://globot

Yeah, good call I think. The market, as well as other pairs, should get some money poured back in when e/u reaches this critical level. Remember though, the euro is still very weak, and this won't mean for certain that this pair in particular will bounce. Previous levels that I have followed have brought some strong bounces to other pairs, while e/u just consolidated around the levels. I'd still personally rather long a/u, or something. Regarding the euro news, remember last annoucement, the eur gapped up, and then quickly got slaughtered. They can talk all they want, but I personally think it means nothing more then that they are desperate.

[QUOTE=AgainstAllOdds;2468717] of course they will talk up the euro, but it will be slaughtered immediately its too soon.

100 point pop...markets still haven't opened...

where are you seeing this?

weekend data available on any charting platform. I use OANDA.

my platform doesnt open until 2pm, so i get no updates over the weekend to see whats going on

Then perhaps go to OANDA.com AND download a demo platform with a demo account. Quick, easy, free.

my broker doesnt let me trade it over the weekend either bastards

i really dont see the euro gaping up and then going up, there is going to be a huge sell off before another upward move that large

who's your broker?

think or swim

EURO just hit 1.29

Better chance to short