How to trade the EUR now

Discussion in 'Forex' started by irniger, Mar 17, 2013.

  1. Thanks for giving your liquidity to me. :D :D
     
    #121     May 1, 2013
  2. well that's not the case today, dollar is mixed

    strong against aud and cad

    weak against eur and gbp

    so to me that would give a little more credence to the bullish move in eur
     
    #122     May 1, 2013
  3. Weak also against jpy.

    Honestly, cad and aud, don't say as much in my decision making.

    However, now I'm confused. If you see a bullish tendancy in the eur, why are you shorting it?
     
    #123     May 1, 2013
  4. i need to be long usd against something, eur is the best choice

    I'm also long against gbp, that was a very bad choice

    I'm short against aud and cad, that was very good choice

    they all need to go down, but's it not as easy as it sounds

    right now, it's JPY's turn

    I'm betting on a stable dollar, 78 to 83, so far so good
     
    #124     May 1, 2013
  5. contra

    contra

    watching 3212... looks like profits are being taken.

    USD/JPY looks like a 97 trigger level on a DNT being defended? Heard talk about the other day. Who knows with that, but PA looks a bit confirming.
     
    #125     May 1, 2013
  6. elisab

    elisab

    You’re right, better wait for the ECB. Even today we have seen an attempt to break 1.32 but with little success.
     
    #126     May 1, 2013
  7. Yes, be careful on this one. ECB's decision to lower interest rates is likely to be viewed as good for the economy. This will actually cause the EUR/USD to rise, not fall, I think. Furthermore, given the recent numbers out of the USA, I think Friday's unemployment numbers will disappoint. Again this is EUR/USD positive.

    I'm trying to go long again at 1.31. Hoping it will fall to that overnight (EST).
     
    #127     May 2, 2013
  8. elisab

    elisab

    The hanging man of yesterday anticipates a fall today. The resistance of 1.32 confirms its title role for the coming weeks
     
    #128     May 2, 2013
  9. contra

    contra

    3070 TP hit upon waking. no dice on the UJ, didn't take it.

    hell yea playa... keep stackin' them hamiltons...
     
    #129     May 2, 2013
  10. DT-waw

    DT-waw

    how to trade the EUR?
    easy.

    just short any move higher.
    for the last 2 years it works every time except maybe 3 or 4 small up trends.

    and dont forget to close after 80-100 pip profit, someone buys that shitty euro out of nowhere........
     
    #130     May 3, 2013