Eur/USD

It just seems not to want to go down against the $. If you look at the £ today, it lost over 150 pips today, the Eur didnt. I think if it gets over 1.1925 today its a massive buy signal for next week.

 

Every bit of logic says be short - following cable and $ yen, but it cant go lower. Look at the euro crosses as well - eur£ and eurchf at the highs.

If this bounces above 1.1930 it could squeeze an awful lot of people out and be evil.

Time to go long with stop below today's lows.

 

However, if it breaks support it could be at 1.1700 by the end of next week.:eek:

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=1007408#post1007408

What do U guys think of this word file?

 

Looking to short betwen 1.2085-1.2095, limit order on standby,

 

If you're shorting to get a pullback intraday, that's one thing. But in my opinion, the longer term here is UP. The winds are changing, look around you

 

I am holding short too, but it is getting painful. I think we are headed south.

 

No way, dude.

We're in a long term downtrend across the board on all majors (USD appreciation)

All we're witnessing now is a intermediate term pullback (weekly).

JUst my 2 cents.

 

Raise my stop on the long suggested to 1.2009, locking in a minimum 124 pips.

 

short 1.2085