Chinook's EUR/USD (E/$)Mumblings

That is basis the June future.

 

What's your target, Trade-ya?

 

I don't use targets, just watch price action. In this case, I am in the trade for a very specific reason. If/when that reason is no longer viable, I am out the door. This does nothing to change my longer-term outlook which is unabashadely bullish the EUR. However, I'm short EUR and just holding and watching for now with stops near break-even above.

 

Big offers going away I believe but sell interest likely still there IMHO. Keeping shorts with stop/reverse above.

 

This is a surprise Trade-ya short EURUSD!

I'm also sitting short now - currently the market seems a tad confused.... lets see which way is the resolution. If 1.3150- breaks I'll capitulate for now and look to short 1.3280 or so.

 

Looks like another news reversal day, albeit not as strong as yesterday.
Mkt doesn't seem to care about dollar bullish news.

Bunds not as supportive to Euro as yesterday

 

I take it you guys were on the sidelines today?

 

I'm back long EUR again as usual.

 

And I'm still short - this time from 1.3060.

 

Yeah I'm with you. Lets see what Consumer Confidence brings us....