EURUSD....Euro
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Re: Euro.... (going up again?)
I went short eurusd 1.3310 and my sl at 3400 ... i will short again from 3360 if it reach it but i dont think so..
now money tree i can say and expect that eurusd will go down and break 3050 .. fundementally the usd willl get stronger and they will not decrease the intrest rate this year as it was expected because that data showed that inflation might rise ...
technically eurusd is very near from a strong resitance and there is a strong divergence in the daily chart for the momentum and macd..
the cot data showed that the commercials decreased 1/2 of their long positions and now they just wanna some stops to be taken out and then they take the price to 1.3000 level..
good luck everyone
Naif said:
I went short eurusd 1.3310 and my sl at 3400 ... i will short again from 3360 if it reach it but i dont think so..
now money tree i can say and expect that eurusd will go down and break 3050 .. fundementally the usd willl get stronger and they will not decrease the intrest rate this year as it was expected because that data showed that inflation might rise ...
technically eurusd is very near from a strong resitance and there is a strong divergence in the daily chart for the momentum and macd..
the cot data showed that the commercials decreased 1/2 of their long positions and now they just wanna some stops to be taken out and then they take the price to 1.3000 level..
good luck everyone
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Re: Euro.... (going up again?)
I went short about 2 weeks ago at 1.3144
Despite the recent rise to above 1.33, I still think short to mid term we will see levels below 1.28 and even lower. In political and economic crises the dollar so far has always been profiting. And I don't think it will be different this time. Imagine a victory of the socialists in France- which is quite possible - and another war in the middle east - which is also very likely after Israels National Security Council advised that travellers should leave about 40 countries immediately ( see Bob Moriarty's artcile on www.321gold.com : http://www.321gold.com/editorials/moriarty/comment/20070311.html
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Long term I believe the dollar is doomed, but for the forseeable future, I reckon with an unexpected raise of the dollar, which will surprise quite a few.
I went short about 2 weeks ago at 1.3144
Despite the recent rise to above 1.33, I still think short to mid term we will see levels below 1.28 and even lower. In political and economic crises the dollar so far has always been profiting. And I don't think it will be different this time. Imagine a victory of the socialists in France- which is quite possible - and another war in the middle east - which is also very likely after Israels National Security Council advised that travellers should leave about 40 countries immediately ( see Bob Moriarty's artcile on www.321gold.com : http://www.321gold.com/editorials/moriarty/comment/20070311.html
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Long term I believe the dollar is doomed, but for the forseeable future, I reckon with an unexpected raise of the dollar, which will surprise quite a few.
Re: Euro.... (going up again?)
i totally agree with you..
..
bravo DonAqua
DonAqua said:I went short about 2 weeks ago at 1.3144
Despite the recent rise to above 1.33, I still think short to mid term we will see levels below 1.28 and even lower. In political and economic crises the dollar so far has always been profiting. And I don't think it will be different this time. Imagine a victory of the socialists in France- which is quite possible - and another war in the middle east - which is also very likely after Israels National Security Council advised that travellers should leave about 40 countries immediately ( see Bob Moriarty's artcile on www.321gold.com : http://www.321gold.com/editorials/moriarty/comment/20070311.html
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Long term I believe the dollar is doomed, but for the forseeable future, I reckon with an unexpected raise of the dollar, which will surprise quite a few.
i totally agree with you..
..bravo DonAqua
Kauri
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Kauri
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Re: Euro.... (going up again?)
I'll stick my head out ...
From now on the Dollar will raise against the Euro. It will reach pari as a minimum. How long that will take? Hmmm .. a few months, maybe a couple of months more. Let's see.
I'll stick my head out ...
From now on the Dollar will raise against the Euro. It will reach pari as a minimum. How long that will take? Hmmm .. a few months, maybe a couple of months more. Let's see.
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Re: Euro.... (going up again?)
Pretty silent here. No one objecting that the dollar is raising?
Pretty silent here. No one objecting that the dollar is raising?
Kauri
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Kauri
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Re: Euro.... (going up again?)
As it turned out the dogs breakfast would have been quite appetising. Missed out on the latest minor move as well as it didn't retrace far enough for me into the W2.. . Next time... maybe..
As it turned out the dogs breakfast would have been quite appetising.
Missed out on the latest minor move as well as it didn't retrace far enough for me into the W2.. . Next time... maybe.. Attachments
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Re: Euro.... (going up again?)
Disregarding the technical aspect: The recent decline of the dollar was mainly due to Hedgefonds selling heaps of greenbacks. But also the fear of a US housing crisis is / was cooking, caused by comments from Standard & Poor. There's naturally also the strength of the intern European market versus the US market.
So what's next? 1.40 for the Euro before we really see a recovering of the Dollar?
A nice couple Euro/USD --> :alcohol:
Disregarding the technical aspect: The recent decline of the dollar was mainly due to Hedgefonds selling heaps of greenbacks. But also the fear of a US housing crisis is / was cooking, caused by comments from Standard & Poor. There's naturally also the strength of the intern European market versus the US market.
So what's next? 1.40 for the Euro before we really see a recovering of the Dollar?
A nice couple Euro/USD --> :alcohol:
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Re: Euro.... (going up again?)
Anyone know where I can get a chart of AUS-EUR?
Where is best place to convert $aus to eur for travel purposes?
Cheers
Dutchie
Anyone know where I can get a chart of AUS-EUR?
Where is best place to convert $aus to eur for travel purposes?
Cheers
Dutchie
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Re: Euro.... (going up again?)
I use CMCMarkets for currency trading and their charts.
Free charts you can get from www.xe.com for example. XE has also a good currency conversion tool.
I use CMCMarkets for currency trading and their charts.
Free charts you can get from www.xe.com for example. XE has also a good currency conversion tool.
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Re: Euro.... (going up again?)
DonAqua
Thanks for the info and link.
Cheers Dutchie
DonAqua
Thanks for the info and link.
Cheers Dutchie
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Re: Euro.... (going up again?)
Its decline against the euro has years to run.
The past week or two have shown the power of "debt".
The US is awash with debt.
Although I am not yet bearish on the DOW, that could soon change. It turns out that the web of debt continues to be spun, and may capture more and more who, cocooned in the apparent safety of their home, have mortgaged their rights away.
Any greenback recovery will be short term.
Its decline against the euro has years to run.
The past week or two have shown the power of "debt".
The US is awash with debt.
Although I am not yet bearish on the DOW, that could soon change. It turns out that the web of debt continues to be spun, and may capture more and more who, cocooned in the apparent safety of their home, have mortgaged their rights away.
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Re: Euro.... (going up again?)
The decline of the Dollar may take years, maybe ending in a sudden collapse. I don't know. I might be wrong. Short to mid-term however I reckon with a rise of the dollar. The empire may live longer than some might expect. Again, I might be wrong. It's not in the interest of China and other major dollar holders to hold an ever increasing amount of dollars with less and less value. The empire itself may try to stem the tide. The dollar is still the world reserve currency. It's decline will affect everyone. So what I think is, there will be political moves and politically inspired monetary moves to save the privilege, speak: power, of the dollar and thus that of the empire.
Interesting months / years ahead indeed.
Regarding the Euro: The official numbers are also manipulated by Governments in Europe as it is done in the US. The official inflation rate is low, but when checking the Euro money supply, it suggests that the real inflation rate is somewhere between 10 and 12 % . Hmmm .. what are the US figures?
Regarding debt of European countries: That's a huge figure too and an ever increasing number. Germany alone plans for 2007 with a need for 33 billion Euros "new" debt. Germany's debt raises currently 1056 Euros per second, every day, every week, every month... Tendency: raising! With all the debt and new debt, they still don't have enough. They are raising taxes, too.
Governments are to a large part incompetent.
What we may see is a race on devaluation of currencies all over the world. One day the whole thing will break. But till then, a lot of things can happen.
Have some gold and silver in case the hell brakes loose someday.
Germany's running debt clock, you may find here :
http://www.miprox.de/index.html
The decline of the Dollar may take years, maybe ending in a sudden collapse. I don't know. I might be wrong. Short to mid-term however I reckon with a rise of the dollar. The empire may live longer than some might expect. Again, I might be wrong. It's not in the interest of China and other major dollar holders to hold an ever increasing amount of dollars with less and less value. The empire itself may try to stem the tide. The dollar is still the world reserve currency. It's decline will affect everyone. So what I think is, there will be political moves and politically inspired monetary moves to save the privilege, speak: power, of the dollar and thus that of the empire.
Interesting months / years ahead indeed.
Regarding the Euro: The official numbers are also manipulated by Governments in Europe as it is done in the US. The official inflation rate is low, but when checking the Euro money supply, it suggests that the real inflation rate is somewhere between 10 and 12 % . Hmmm .. what are the US figures?
Regarding debt of European countries: That's a huge figure too and an ever increasing number. Germany alone plans for 2007 with a need for 33 billion Euros "new" debt. Germany's debt raises currently 1056 Euros per second, every day, every week, every month... Tendency: raising! With all the debt and new debt, they still don't have enough. They are raising taxes, too.
Governments are to a large part incompetent.
What we may see is a race on devaluation of currencies all over the world. One day the whole thing will break. But till then, a lot of things can happen.
Have some gold and silver in case the hell brakes loose someday.
Germany's running debt clock, you may find here :
http://www.miprox.de/index.html
Kauri
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professor_frink
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Kauri
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Re: Euro.... (going up again?)
Hi Prof,
Looks like the planets may be lining up... now for a swing low to set up on...
Cheers
.......Kauri
Hi Kauri,
Euro is setting up for a potential swing trade to the shortside for me too- We have a nice looking harmonic pattern on the hourly. Will now be dropping the timeframe down and start looking for a decent lower high to get short from
Hi Prof,
Looks like the planets may be lining up... now for a swing low to set up on...
Cheers
.......Kauri
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Re: Euro.... (going up again?)
I think I have tempted fate on this one but hey u only live once!
trend on the euro looks very decent to me a nice big continuation pattern in the works that may break out with out another touch of the trend line or it may touch.
i have taken long two mini's on it, I am speculating with the strengh in gold and it usd/jpy that the euro/usd may break out of this range and push higher the next test if it dose is where it makes it's next higher low(if it does) entry at 13654
good trading
I think I have tempted fate on this one but hey u only live once!
trend on the euro looks very decent to me a nice big continuation pattern in the works that may break out with out another touch of the trend line or it may touch.
i have taken long two mini's on it, I am speculating with the strengh in gold and it usd/jpy that the euro/usd may break out of this range and push higher the next test if it dose is where it makes it's next higher low(if it does) entry at 13654
good trading
