EURUSD....Euro

[ithatheekret]

Been shorting and buying , more on the bottom slope starting @ 1.46688 for my exit , then mini scwhinging . My Ichi just crossed were under a cloud but could see a spurt into 147.15 again , which might hit a few stops .....

but.... under a cloud with another crossing ( opp ) coming up it could retreat further .

PS... I'm holding long 1.46709

 

[ithatheekret]

A brawl started after the last crossing , another pos. one coming up will put it in the cloud just after the crossing ...... here comes volatility .

 

[Kauri]

Just how strong is the Euro as a whole???
Cheers
..........Kauri

Scanning through reports it appears that gradually it is dawning on some of the macro accounts that maybe the Euro miracle isn't quite as miraculous after all. An excellent but lengthy article on the International Herald Tribune site regarding the sorry state of affairs in the Spanish housing sector is worth a read, and brings up the following sobering facts:-
* Spain over the past 2 years produced 1/3rd of new jobs in the Euro zone, adding 22% of the region's new demand.
* House prices have risen by 176% over the same period, and construction has accounted for one in every five new jobs.
* Spanish banks have four times the provisions of their rivals across the European Union, and 3/4 of 60,000 property companies in Spain may go bankrupt.
* The C/A deficit demands E2 billion a week to finance.
Tight European credit conditions, a global focus on sub-prime issues, and stabilizing US economic conditions make the buck look quite attractive.

 

[Kauri]

stepped out for some air and missed this quickie....
Cheers
...........Kauri

P.S.... and I guess this explains it...

Rumours Citigroup could report bigger asset write downs in its quarterly results due out tomorrow reportedly sent the EUR/USD soaring by more than 50 pips to 1.4875 high, before easing some on ECB Bini s comments, who played down inflation fears.

 

[>Apocalypto<]

taken a long on the eur/usd,

where the pa fell to is still ok as long as the buying stays there. bounced off a trend line.

see what happens

 

[>Apocalypto<]

taken a long on the eur/usd,

where the pa fell to is still ok as long as the buying stays there. bounced off a trend line.

see what happens

taken profits +27 pips.

 

[hangseng]

If it doesn't hold 14776 then support will wane quickly and drop rapidly to 14712 IMO.

Euro should be going up against the USD, something is not right here.

 

[ithatheekret]

I'm wondering when Trichet is going to raise the rate , he has a growth problem , but inflation and a consumer credit are out weighing these .

The same here the RBA is really in the same spot , slowing growth possibilities with high inflation , higher debt levels .

I believe the rates by both are faits accomplis to rise .

The inflation monster is out of its cave .

 

[bvbfan]

Europe has some issues with property bubble in Spain so Trichet may be worried/limited to leaving rates on hold.

I think AUD has greater upward pressure on rates than EUR, I'm quite bullish on the AUDEUR cross, expect it to move on fundamentals to mid 0.64-65

 

[AuggieW]

EUR/USD

Did anyone else buy USD @ 1.4650? I'm holding until my stochastic crosses at the oversold level heading back up. At last it decided to fall off its uptrend it had been on since 21 Dec. Anyone tracking the same movement?

Auggie

 

[>Apocalypto<]

Re: EUR/USD

Did anyone else buy USD @ 1.4650? I'm holding until my stochastic crosses at the oversold level heading back up. At last it decided to fall off its uptrend it had been on since 21 Dec. Anyone tracking the same movement?

Auggie

There is already a eur/usd thread Auggie

as for the usd, I am watching i was long on the usd/chf yesterday taken profits. looking for another confirmed entry.

 

[DonAqua]

My view, looking at the price action today I think the 5th Wave just completed in both smaller and larger patterhn. This option is also sustained by a time vibration which is due today. I think a larger correction/consolidation is due before resuming.

Next vibrations for Euro:
- December 6

Hi, Soso

what's your view currently ?

 

[>Apocalypto<]

Hi, Soso

what's your view currently ?

r u being sarcastic Don? Or is that a legit Q?

I know what my answer would be.

 

[>Apocalypto<]

Europe has some issues with property bubble in Spain so Trichet may be worried/limited to leaving rates on hold.

I think AUD has greater upward pressure on rates than EUR, I'm quite bullish on the AUDEUR cross, expect it to move on fundamentals to mid 0.64-65

totally agree BVBfan,

just looking at the chart the aud is making new trend like the eur is, but the aud is on a much better angle of assent. I am waiting for a minor pull back to my 21 ema on the 4 hour to get in. if this is what it seems to be now.

but i won't write the euro off.

 

[>Apocalypto<]

dame it!

I was watching the eur/usd on the 4hour a pendent was forming, normal trend cont pattern, took my mate to the airport got home and missed the break out aghhhhhhhhhhh

anyone catch the move?

 

[Kauri]

dame it!

I was watching the eur/usd on the 4hour a pendent was forming, normal trend cont pattern, took my mate to the airport got home and missed the break out aghhhhhhhhhhh

anyone catch the move?

This one??? no mate... missed it..promise.
Cheers
...........Kauri

 

[ithatheekret]

Eurogal moving again . Limit set at 1.4741's little pozzies.

 

[>Apocalypto<]

Eurogal moving again . Limit set at 1.4741's little pozzies.

hmmm 1hour at 6 gave a buy, took it and thing fell like a rock. still hanging in there. It's retraced a fair amount back but jeez what a sell ya the dummy!

:22_yikes:

 

[>Apocalypto<]

hmmm 1hour at 6 gave a buy, took it and thing fell like a rock. still hanging in there. It's retraced a fair amount back but jeez what a sell ya the dummy!

:22_yikes:

looks to have found a temporary footing on the 21 ema

see if we can get a bounce off at next candle, hmm way it's acting may come this hour! i better shut up or it will fall!

 

[>Apocalypto<]

looks to have found a temporary footing on the 21 ema

see if we can get a bounce off at next candle, hmm way it's acting may come this hour! i better shut up or it will fall!

switched short,

the 4 hour backs me up so its not a revenge trade! hmmm chasing me already...... stop above the candle see what happens on this.......