Forums - Soc Gen looking for 1.30 EUR/USD "in a week or so"

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-- Soc Gen looking for 1.30 EUR/USD "in a week or so" (http://www.elitetrader.com/vb/showthread.php?threadid=237844)

Posted by dailycollateral on 03-02-12 04:19 PM:

Soc Gen looking for 1.30 EUR/USD "in a week or so"

http://www.dailycollateral.com/2012...falling-spreads

Seems like consensus is re-emerging on a euro short; thoughts?

Posted by twofacedjoker on 03-02-12 04:36 PM:

I am long as of today, so no 1.30 for you.

Posted by GrandSupercycle on 03-02-12 05:52 PM:

Reminder that SP500 monthly chart continues to give bearish warning and USDX monthly chart continues to give bullish warning.
This big picture outlook will not change.

(so long term EURUSD is toast)

Posted by Tsing Tao on 03-02-12 06:00 PM:

Quote from twofacedjoker:

I am long as of today, so no 1.30 for you.

How is that working out for you?

Posted by twofacedjoker on 03-02-12 06:52 PM:

Quote from Tsing Tao:

How is that working out for you?

Just Buy it!

Posted by Tsing Tao on 03-02-12 09:03 PM:

Quote from twofacedjoker:

Just Buy it!

No way I trade this pair. Tale of two shitty currencies. I'll continue shorting the Euro against pairs like AUD, CAD, SGD and TRY. It's been very profitable.

Posted by dailycollateral on 03-02-12 10:30 PM:

Probably why all of the 2012 forecasts have the EUR/USD in the 1.25-1.35 range by year end. No shit, right?

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