Congratulations all EURUSD buyers above 1.3400

for your orders and blind optimism

 

I thought the rally was caused by Australia being raised to AAA by Fitch. Do you know if there was any other reason for that rally ?

Btw, you are a master of sarcasm ...haha

edit: it was italy's auctions going through and not failing, i see. Goes to show how much the market wants to rally on a whim of not bad news.

 

Italy's auction was hilarious. Though not failed, the yields are unsustainable, and somehow this is good news.

Sell all rallies.

 

You're welcome.

 

U turn

 

I went long at 1.34348 a little bit ago. I have a Break even trailing stop in place.

 

Stopped out at BE.

 

Euro related news-rumors are dominating the markets so it won't be a surprise if EUR/USD reaches 1.3650/80. Close below 1.3300 would change things though.

Important things to watch:
Dec 2: German Merkel to give speech on debt crisis
Dec 5: Italy PM Monti to present new austerity measures
Dec 7: ECB 3-month Dollar tender
Dec 7: Portugal sells 3-month T-bill for €750mln-€1.25bln
Dec 8: ECB Governing Council meeting
Dec 9: EU heads of state summit in Brussels

 

You should be approaching break even or better about now.

The 1.3420 area seems to be worth watching.

 

again, congrats for all who bought above 1.35 today.