Eur/usd looks to go up

Discussion in 'Forex Trading' started by crazytrader1, Nov 13, 2008.

  1. what do you guys think? rallied big today, looks like it's going to make another rally very soon. You guys with me?
     
  2. The trend is still down but I agree, we will go up for the next few days.
     
  3. OVVO

    OVVO

    Short from 1.2675, no stop no time frame, looking for sub 1.20
     
  4. If you don't mind me asking, how much leverage are you using?
     
  5. OVVO

    OVVO

    5:1 for the portfolio on average (eur/usd is 1 of 12 positions)
     
  6. Crazy, look at a daily, we are still in a downtrend, we are coming up on the third attempt to break the Strong/Sticky 2500, we will see next week.

    OV I concur


    The Ever Watchful VIPER
     
  7. JEB

    JEB

    I'm with Viper - as long as the daily trend is down, I've got a short bias. I'm short from 1.2718, but have moved my stops to breakeven. I could see it revisiting the 1.2425-ish area, but I could be wrong. We'll see what next week brings.

    JEB
     
  8. HLB

    HLB

    why is EURUSD is so correlated with US equity indices?
    If there are will be another short covering or rally, then EUR will jump several hundreed pips too. I covered my short yesterday about 1.2575, will look to enter again at better levels.
     
  9. Peter35

    Peter35

    I think we will see eur/usd moving between 1.15 and 1.30 in 2009
     
  10. It's quite a triangle forming. But I agree you can't argue it's a downtrend on the daily.

    This triangle has been forming for the last few weeks so it should produce an explosive move.
     
    #10     Nov 19, 2008