Euro/USD near a short term top

Discussion in 'Forex' started by detective, Dec 16, 2008.

  1. 1.41-1.42 is stiff resistance and a measured move from 1.25. Now that everyone is going crazy about dollar devaluation and quantitative easing, is the time to short the Euro/USD.

    The Euro is just as bad as the USD, the ECB will eventually resort to the same things as the Fed.

    The Yen will remain strong and the only sound currency in the world.
  2. LOL; with 150% gdp of debts load. Every currency traders are waiting for BOJ to crack and intervene.
  3. You might be right, but I'm not prepared to step in front of a speeding bus. Thanks.

    And this belongs in the forex forum.
  4. PaulRon


    im shor teuro as well... hoiping for nice big retracement
  5. anouka


    Can the level be broken at Fibonacci 2.618 or what would be the situation?
  6. PaulRon


    ;lets see what happens here...
  7. Well...another 237 pips to the upside from the 4200 level.

    Looks like that is now the new sup level.
  8. If the changes in the price were not happening so fast I would say USD will never find a bottom, but with markets so excited I’m expecting a retracement anytime. I’ve seen it lose of every currency to fast.