closing eur/usd position. Profit: 87 pips. Reason - there's little hope of further downside with the eur conf coming up. View is that ECB will be happy with this euro decline and speak a little more freely about inflation, as opposed to what they would have done if Eur would have been at higher levels. Reversing position: long eur/usd at 1.2955, stop at 1.29, tp at 1.3050 (50%), 1.31 (50%). good luck! ciao
Looks like the pair has formed an interim top. Just as CHF has bottomed out. This for the last 1.5-2.0 hours. So pretty unstable & absolutely non-reliable!!!
whats with the Euro ? seems weak relative to gold price today ? ( glad I did not try this spread ) it does work sometimes ah HAAA ... its the crosses ... JPY versus the other majors thats the ticket for the day
jawboning is what happened. pure bs. britain and europe see their currency breaking out so they jawed it down...
It hit resistance... http://elitetrader.com/vb/showthread.php?s=&threadid=81945&perpage=6&pagenumber=2