The EURO

You are crossing the line mr.

 

ANYWAYS....................

Is it going to try to break through and stay above 1.2300 or is this as high as it goes for a while? Maybe the next wave?

-Kastro

 

I have a long position from 1.2277. And now I am waiting for 1.2330/40 to close it today.

Weak data on existing home sales could be a good catalyst for fresh rally.

 

There's tight Eastern European CB (with some Asian thrown in there) option defense of the 1.2340-50 level. Keep that in mind.

 

I also thought it might work - but it doesn't.
The number came as I thought - lower than consensus.
There is no reaction on crosses.

 

Tried to enter a buy at 1.2250. The broker covienently went off line for nearly an hour. the Euro immeidately zoomed up to 1.2278. Ugh I hate this crap.

Anyway, I think we are going to see the Euro drop to some where in the high 1.2100's. Depending on condition, 1.2290 might be a good entry point.

 

Funny, but my SL is near above that defense level.

 

Ha-ha, at around 9.30GMT not broker but my ISP went offline.
My ISP is so good...i.e. no more than one off per month, that I never thought to find the alternative....should I?

 

I'm off @ 1.22 ahead of US GDP data and Greenspan's last FOMC

 

30 pips in 10 sec.