Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

EUR is about to have a great big correction

Originally Posted by Mary R

It could be just a rumor or maybe someone heard him on the phone saying something like "you people get your act together or we're leaving" who knows. I covered most of my shorts, still short eur/nzd.

EUR/NZD was a great bet Mary, it's a pitty I didn't try it, although shorting was pretty tempting around 1.79 area. Congrats.

Is that base on news/technicals/fundamental/politics or just that you feel it has droped too much????

Originally Posted by nopainnogain

EUR is about to have a great big correction

i would like to see EUR/USD hit 1.2251, but it does not have to to be complete .

I just don't think They'll be able to put 27 wild Cats back in the Bag.
C'mon! Just last Week We were saying, "Problem Solved" E/U and IMF put a Trillion in the Pot.
Rumor or not. Secret Deutchmark Printing, France leaving the E/U? This cannot in any way be good for the Euro.

All You Contra Traders, that is what you call yourselves, isn't it. I wish You luck. If indeed You manage to drive the price up. Old Bill will be here to take advantage of Your Good Fortune, and place a new short at the higher Price.
Good Luck to Us All!

Oh Lookeee! Is that a double Bottom I see on the one minute chart! LOL

With what has happened today wouldnt be suprised if some big announcement is made after hours or over the weekend then another spike on sunday just cant be sure if it would be down or up...

They might just say those who are unable to bring there budges in order will be out of the EUR till they can prove there weath

folks you want to be talking about the trade , we are getting close to key area ,focus on your charts

Originally Posted by Mary R

Yes, but without the larger countries the actual value of the euro would be substantially less. I still don't believe that would happen, there are alot of people in these markets who buy/short currencies or stocks and then start these rumors

True, so for France, more than Germany for debt reasons would have a windfall for exiting euro. All their debt would be payed back later at a fraction of the euro purchasing power it was borrowed at. The irony is that because Europe has a legacy currency system to fall back on it could help it if this global debt Armageddon situation happens. First in first out with a back up currency system ready to go.

Originally Posted by PoundGuy

With what has happened today wouldnt be suprised if some big announcement is made after hours or over the weekend then another spike on sunday just cant be sure if it would be down or up...

They might just say those who are unable to bring there budges in order will be out of the EUR till they can prove there weath

Dont know if there will be a gap or at least a big gap. There are no "save the world" meetings scheduled this wekend. Can't rule out having some fluff being released to strengthen the Euro.

Key levels can be broken give me something that says it wont like a strong bounce, a reversal candle etc thats all to make me go bullish not just because its a key level

Originally Posted by nopainnogain

folks you want to be talking about the trade , we are getting close to key area ,focus on your charts

looking at the rates, i think we might hit 1.24, before a bounce up towards the end of us session, as profit taking sets in. nobody would want to hold any positions over the weekend. anything can happen on monday's open. (maybe open at 1.30? if somehow Europe manages to give an awesomely positive news, unlikely). stochs, rsi bearish across the board for this pair.

Originally Posted by butchpips

You may be spot on, VIX way up like 19%. That's dollar bearish.

Great to have you posting with us, butchpips. Welcome to the trading community. Looking forward to more posts from you.

Actually it's the opposite...a higher VIX tends to make people run to the defensive plays like the USD and JPY. I just overlaid them on a chart just now just to double check that.

Gonna go shower and trim the Moustache. My Grand Daughter wants to take Me to Lunch.
I get a kick out of being alone with Her in Public. She's such an astonishly beautiful young Woman, Heads turn, and whispers start.
Look at that Old Geezer with that Girl. He must be Loaded, or She's a working Girl.
Oh! The Things that amuse Us?

Originally Posted by smalleyes

looking at the rates, i think we might hit 1.24, before a bounce up towards the end of us session, as profit taking sets in. nobody would want to hold any positions over the weekend. anything can happen on monday's open. (maybe open at 1.30? if somehow Europe manages to give an awesomely positive news, unlikely). stochs, rsi bearish across the board for this pair.

and pop goes 1.24.

and its my 100th post!

Originally Posted by bill2759

Gonna go shower and trim the Moustache. My Grand Daughter wants to take Me to Lunch.
I get a kick out of being alone with Her in Public. She's such an astonishly beautiful young Woman, Heads turn, and whispers start.
Look at that Old Geezer with that Girl. He must be Loaded, or She's a working Girl.
Oh! The Things that amuse Us?

Bill was that a touch of chocolate or baileys in your coffee this morning? LOL have a good day. Spend some of those pips on her.