Discussion in 'Forex Trading' started by sKaLpZ, Jun 17, 2005.
Is EUR/USD going to 1.2700s?
Yes or No?
What timeframe are you talking about?
from here out.
current market = 1.2240.
What make's you think it will hit that number?
Not sure if you trade AUD/USD but im short right now, and life's pretty good right now lol, but what do you think it?
Well, since we've swung basically on air again (this time downward), I mean, nothing economically bad has actually manifest in the euro zone, there hasn't been a substantial retracement in EUR/USD even though we just about crashed thru 1.2000.
This is almost a one-way spike from the high 1.3400s since mid-March: It's still 1400-pips in 90-days.
Seems to me the market is trying to "price in" certain factors to justify the tumble but those may just spin around and take a bite out of assured traders' butts, similar to the way they did when "euro was going to 1.4000" only to end up down 1650-tics at 1.2000.
As far down as indicators may point, still there really isn't anything substantial in the market to base and sustain such a sudden swing down.
One may conclude that a 500+ point retracement is in order.
When would you enter it?
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