The EURO

Seems like someone needs to get stopped out here before we can turn.

 

It's going to drop, just wait...

-Kastro

 

Shorted the failure at 1.2140. Stop at 1.2180.

 

Agreed. Thompson is advising people to stay the hell away from this pair until it gets some direction, but quoted "We've seen this before. Brave souls can short the 1.2140-60 range with a tight stop but it's best to stay out on a Friday afternoon."

 

What do you think? Will it break 1.2200? Or come close, and drop down towards 1.9000?

-Kastro

 

Nevermind...It did
Took out my stop

-Kastro

 

I think we have seen the high for the week. Maybe for the next few years.

 

I'm a buyer here.

 

I wouldn't be so sure. After the break of 1.22, I've turned bullish, following the technicals. Fundamentally, this is a stupid upmove, but the market has had long bouts of irrational behavior before. The strength of the technical move, however, is too hard to ignore.

 

Hello Guys

Before it broke 1.22 I also had played with 1.20-1.22 range.

At the current time/level I'm also turning bullish.

But now went short @ 1.2275 with tight SL and small position