Daily EUR/USD trades

NFP: Looking in hindsight, the move is going to be up.

 

I expect the 1.3000 to be a good area of support ... going long.

Interested to hear if any others agree/disagree.

 

I think I disagree . . .

 

My friend, don't try to pick top or bottom. A falling knief is riskly to hold... ^.^

 

Maybe 1.2950 will hold!

 

manyit, you are right. I'm hoping that support around 1.2980 on daily chart will hold up. If we break below this flag on the hourly chart I'm out.

 

Anyone else in a long position here?

 

I agree. Load the boat. I didn't expect it to happen so soon, though.

 

I know what you mean, the descent to the current levels have been fast and furious. Can't help but think that the selloff was overdone.

 

what's the view in the forum on euro rate increases for this year? think eur is running into headroom here....and the us rate cuts (q2 contract still showing 70 odd% of rate cut by us fed) is definitely overoptimistic.
Long term trade: short eur/usd at these levels. stop at 1.31, TP at 1.285 50%, 1.29 50%.
Trade is also positive carry, so that will help. My time horizon for this is over the next month - i.e. mid feb should see the view materialise.

ciao!