Went up like a missle 1.971 as I speak (type)! Sorry for those short, but i went long around 1.900. It goes to 1.3 like a magnet. But I'm not sure I wanna trade a news day like 2day...
Tradingwise, no risk of intervention. Never can tell the upside target. First level is probably near 1.35 before a major retracement, then up again. No idea where the ultimate top is. Nice trade. Neal.
I too think that we'll dig well into the 1.3s before some major retracements. Like some analysts said - "it's a USD move, not a EUR move." Nice to see the â¬$ at around ATH again. At least my long demo trade (long from just below 1.2950) got it's revenge after having been liquidated 2 times ...
but then dropped like a sack of potatoes ;o) hope no one went long-- on a side note, an unfortunate turnout with treasuries :< edit: now EUR is running around with its head cut off. dowh.
I'm working on the short side. I'm holding this as a potential downside trend. Short from about 68. First short got busted then got b/e with second short. Edit: took profits from high 40s. Looks like it'll bounce up. might reshort again...
"Boston, November 10: EUR/USD is finding bids around 1.2940/45 but stops are seen gathering near the 1.2930/35 level from short-term momentum types who bought the rally toward 1.3000. We may need to clear these out before taking another topside stab"
@&*%@#+*& WAiting for a bounce back to high 40s with weak volume... Did a quick short. Now got in long. I'm getting short term chop signals here.