Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Discuss EUR/USD News with a DailyFX Analyst
View Single Post
  #3290 (permalink)  
Old 03-06-2008, 11:00 AM
American Trader American Trader is offline
Member
  
Join Date: Jan 2008
Posts: 826
American Trader is an unknown quantity at this point
Quote:
Originally Posted by Panda Eyes View Post
hi,
may i ask is yr signal of euro start coming down happening?
tks. panda eyes
No signal confirmed yet. However momentum is waning and I've exited all my short dollar positions except the USD/JPY which still should make a new low. Confirmation of a reversal should come ultimately when a convincing 5 wave decline traces out, and ultimately breaks 1.5140.

I'm sure I'll post here once I get short the pair. But right now, I have no position in EUR/USD anymore and I'm watching and waiting.

American-T
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 04:26 PM.
Copyright ©2009 Daily FX. All Rights Reserved.