[IFRMARKETS EUR/USD COMMENTS] [02:22 [09:14 EUR/USD: Stops Fuel Rally, Sellers Emerge 1.3545] London, December 24: Stops have fueled the rise in [EUR/USD] to 1.3543 but offers up at 1.3545 just shy of a 1.3550 option barrier have stalled the rise for the moment. Sellers look to have the upper hand as they demand higher prices from those looking to square away shorts and with the market as illiquid as it is they will no doubt get paid too. Dealers are now eyeing the option barriers at 1.3550 and 1.3560 as a short-term goal if this momentum can be held and no decent offers emerge to limit spec and option related buying. --
The Euro FULL Steam Ahead . . . CHOO CHOO !! 1.3700 Next ? Give me some feedback on where do you see the next resistance line ?
....USD index pivot touted at 77.60.....around 1.4135 area.....personally punting on 1.4040 before USD nearby rally....
Can you explain how you came up with that pivot number on the USDX ? "USD index pivot touted at 77.60" - S1, S2, S3 ?
JBT, you engage maybe in top calling, but I say go with the flow(up) as long as the market tells me so.... reminds me of my brother who is already looking for a top to short when we passed 1.3050