it's just like USD they want it to be strong to prove everything is ok but they need it to go down like I said everybody takes their turn today it is Japan's turn who knows who is next in line?
Maybe it fell enough and they may decide to push it up I'll try long: order to buy above 1.3020 I would also place a stop at 1.2950 - just in case they don't do that What do you think?
i'm long from 3040 and if it ever gets back there I'm getting the heck out I never want to see another eurodollar as long as I live or US dollar for that matter (which shouldn't be much of a problem)
I've been on so many different sides of that eur.usd in the last 36 hours, I don't even know if I want it to go up or down no shit, I don't even know if I am long or short but everything has been right around that 3000 sometimes 2990. somethimes 3020 mothers, don't let your kids grow up to trade euro I'm trading it like crazy, like it is the last thing left on earth and it isn't going anywhere
You are right Oldtime - it's been highly unstable lately. Enough reason for me to ignore it for as long as it takes to come back to normal - I'll trade something more reasonable in the meantime
well Steve, I finally got long last week at 2959. It was a rough gap Sunday night. The computer thinks I am making money, but it doesn't know how much I lost getting whipsawed trying to get just that one pair on the right side. It's really come back kind of strong this afternoon after the cypress reaction is starting to wear off. the Draghi put? He said he would do anything, but I don't think many figured that even meant getting into your bank account and paying off bad bets. If this cypress confiscation gets voted down, that would probably be bearish for the euro, or at least neutral. otherwise at this particular moment 3100 looks more likely than 2400 (to me)
yeah well, I've switched sides I'm trading eur.cad short that euro is a lot weaker than some think and it aint just all the strength of the dollar