Discussion in 'Forex Trading' started by VisionTrader, Sep 20, 2005.
Anyone getting long Euro after today?
Since the entire world is short how can price go down?
I'm opening and closing longs in euro/usd successfully since the beginning of the week.
It's always good to sell into strength.
Same with the CAD. The Canadian news is going on and on about it hitting $0.90 US.
When the media jumps on the bandwagon time for a drop back to $0.80.
the USD / EUR 1.21 barriers were not touched
I guess ... and shorts started to cover ?
I was long going into the annoucement and amost covered fearing the stops below 1.21 would be triggered as I slept. I hung in somehow. The buying that came in last night was incredible. I watch futures and at least get a glimpse of the order size. It was incredible, kind of like Desert Storm. Must have been Central Bank and Options protection combined.
Am flat now waiting.
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