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

Thread: Discuss EUR/USD News with a DailyFX Analyst
View Single Post
  #9101 (permalink)  
Old 08-25-2008, 02:48 PM
DollarBull DollarBull is offline
Senior Member
  
Join Date: Oct 2007
Posts: 728
DollarBull is an unknown quantity at this point
Quote:
Originally Posted by EducatedThug View Post
anybody think itll go back up, i figured 4820 was resistance so i tp at 4810, lool looks like i missed by 1.3 pips hmmmmm
COT positionings are at extreme ends, there will be violent reversal any day any hour sending EUR, GBP, AUD up by long candlesticks... This is time to bet USD weakness. The annual bear season for US stock markets has began and will continue until end of october which will be bad for USD. Hence the anti-USD currencies bulls will rule for another two months...
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 05:12 AM.
Copyright ©2009 Daily FX. All Rights Reserved.