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

It looks and feels like round two of the shorts to 1.20 or less before the ride back up just the same as last time in the fall. The dollar might be stronger to the eur for a bit but eventualy the eur will head back to 1.40,s. How long that takes who knows but I sure see 1.25 in the near term future for this pair and even below first. All the same suports and resinstance points seem to be holding on the decent. If you look back to nov 1.31 was the call by most from 1.27 ect.. 1.47 the high of the rally from 1.27-28 was the call for resistance also once 1.33 was broken. Looks like a good book to read! I think if a person followed the chart patern from the first time we hit 1..39 after the fall from 1.60 the next leg of decents will mimic that piriod only with lower lows this time than 1.23. the next stop should be in that case prety much a straight line to 1.25 from hear on a daily chart. Thats how it looks to me regardless of news events.

Originally Posted by whipper

It looks and feels like round two of the shorts to 1.20 or less before the ride back up just the same as last time in the fall. The dollar might be stronger to the eur for a bit but eventualy the eur will head back to 1.40,s. How long that takes who knows but I sure see 1.25 in the near term future for this pair and even below first. All the same suports and resinstance points seem to be holding on the decent. If you look back to nov 1.31 was the call by most from 1.27 ect.. 1.47 the high of the rally from 1.27-28 was the call for resistance also once 1.33 was broken. Looks like a good book to read! I think if a person followed the chart patern from the first time we hit 1..39 after the fall from 1.60 the next leg of decents will mimic that piriod only with lower lows this time than 1.23. the next stop should be in that case prety much a straight line to 1.25 from hear on a daily chart. Thats how it looks to me regardless of news events.

I am looking at 1.3360 to short Euro/USD if it rebound to that point. I think my changes is going to be thin. 1.3260 will also be a good resistance. I don't see much movement after the cut. May be it will take a while. Will Euro/Usd break through 1.3000. Let wait and see. By the way I got @#$%$#%%% that my Usd/Chf just 15 bips from the lowest level today. I plan to long USD at 1.1120.

HI,

Anybody out there that will be able to guide me to trade intraday trading(1 hour,5 minutes charts). Currently I trade at daily. I would like to know if intraday trading is suitable for forex???

Trichet is concerned about inflation in the back half of the year. That's good humor.

The Federal Reserve is concerned about deflation. This is an interesting contest.

And if Trichet doesn't expect an economic recovery until 2010 then why would he be worried about inflation? I don't understand these central bankers.

Originally Posted by blazejack

I believe the EURUSD is heading back to the low 120's over the next 2 weeks.

I am short at 133.xxx and betting the whole account on it. If it goes the other way its kind of like when I bet on roulette I currently am betting Red and maybe it goes Black but my instincts are usually full of value.

So if I am wrong I just walk back to the ATM and try again

What you think about you bring about .....

SELLSELLSELL

I also have on trade a 133.xx and hope it goes up a least nearer than it is right now so I can close it at a lower loss... or at profit who knows.

Originally Posted by blazejack

I believe the EURUSD is heading back to the low 120's over the next 2 weeks.

I am short at 133.xxx and betting the whole account on it. If it goes the other way its kind of like when I bet on roulette I currently am betting Red and maybe it goes Black but my instincts are usually full of value.

So if I am wrong I just walk back to the ATM and try again

What you think about you bring about .....

SELLSELLSELL

yeah this pair is again making gud resistance hopfully will rebound back to low again..........

What I is rebound in the US equity market means collapse of the USD as investors abandon the bonds

EUR to 2

Originally Posted by eurolinux

What I is rebound in the US equity market means collapse of the USD as investors abandon the bonds

EUR to 2

In what timeframe? Because you've also called for 2.5, and even 3.0 and 4.0 previously on this forum.

SPY - EUR/USD perfect corelation

Originally Posted by se1paul

In what timeframe? Because you've also called for 2.5, and even 3.0 and 4.0 previously on this forum.

I called 2.3 as an extreme not 3 or 4

Originally Posted by eurolinux

I called 2.3 as an extreme not 3 or 4

"the world needs to learn how to live without USA
after all Americans have nothing to trade , this $ weakness will eventually trigger a mass selling of T bonds held by the Chinese and the Arabs and the $ may go to not 2 but 4 or 5 against the Euro"

You typed this on 18 Dec, calling for 4 or 5! I couldn't forget a prediction as extreme as this, but wasn't 100% certain it was written by you.

Well let's see
I don't believe that the Dow 8k today was the bottom
the recession is going to last some time and there will be plenty volatility
but yes I believe that when US recovers and all that money that is printed right now hits the market USD will sink deep

I don't know if it's going to be 1.6 or 2 or even 5 right before armagendon but it will happen

please convince me that I'm wrong

Originally Posted by eurolinux

Well let's see
I don't believe that the Dow 8k today was the bottom
the recession is going to last some time and there will be plenty volatility
but yes I believe that when US recovers and all that money that is printed right now hits the market USD will sink deep

I don't know if it's going to be 1.6 or 2 or even 5 right before armagendon but it will happen

please convince me that I'm wrong

I already gave my views on the matter last week, in an exchange with yourself, Ilovepippin and ArthurB.

may i ask what will arabs have to trade when america turns to renewable energy, nothing . All countries that have oil and high fuel taxes have no business going forward and will collapse when oil runs out. That means pretty much everyone except America where there are low fuel taxes. When you trade you are dependant on other to buy your products which isn't a good idea. Although America has the largest trade deficit, it is more self sufficient than China. It imports roughly 1 trillion a year 7 percent of GDP. China has a gdp of 3.4trn economy. Imports roughly 900 billion, that is about 27 percent of the gdp. When china overtakes america, it will import 4 trillion. It cannot maintaiin such export growth, as it will be growing quicker than demand from other countries. It claims to be growing at 6-7 percent with declining manufacturing and exports. China will eventually suffer the same problem as JAPAN. High saving ratio they cannot squeeze more out of the consumer. Forgot to mention with renewable resources Americas trade deficit will narrow.

Originally Posted by lloydblankfein

may i ask what will arabs have to trade when america turns to renewable energy, nothing . All countries that have oil and high fuel taxes have no business going forward and will collapse when oil runs out. That means pretty much everyone except America where there are low fuel taxes. When you trade you are dependant on other to buy your products which isn't a good idea. Although America has the largest trade deficit, it is more self sufficient than China. It imports roughly 1 trillion a year 7 percent of GDP. China has a gdp of 3.4trn economy. Imports roughly 900 billion, that is about 27 percent of the gdp. When china overtakes america, it will import 4 trillion. It cannot maintaiin such export growth, as it will be growing quicker than demand from other countries. It claims to be growing at 6-7 percent with declining manufacturing and exports. China will eventually suffer the same problem as JAPAN. High saving ratio they cannot squeeze more out of the consumer. Forgot to mention with renewable resources Americas trade deficit will narrow.

Oil is not gonna run out in any of our lifetimes