The EURO

I would suggest buying the EURO at 1.2050. Hold it until 1.2155.


Or you may want to exit when the USDJPY hits 113.35

 

Look at a ten minute candle stick chart and tell me that the Euro is going up.

Its lower lows since September, why would it rally up?

The US Non Farm was a spike, but no support after.

Or course I could be wrong and you right, time will tell.

 

Bought at 1.2055. I think we are going at least to 1.2100.

 

okay,I;m a big chicken. Got out at 1.2080 for a quick 25.

 

Price currently at 1.2087


If price can hold onto the 1.21 handle in NY. It will see next trouble at 1.2142-55 area. Above here 1.2170 is important and will likely provide a challenge. If it does break thru then1.2220 is the target. This is the 200 day MA. Sort of a stupid level I think but one paid a lot of attention. So I pay attention to it.

If current levels do not hold, then we may move south to around 1.2018


Good luck everybody. Good thread.

 

Good call Lou. No definite signs late evening yesterday. I need to stay up later...

 

THis has been one of those famous whacky mornings. Price is back at 2050. Brave have another buy opportunity.

 

Don't expect a lot of price action until those large options expire (they're at 1.2050).

 

Whenever it hits my target, I always get out too early. Gotta be more patient.

 

We all do it, LOL. You get in a position and you see it go fast and suddenly there is some decent change on the table, a few days pay in a normal job, LOL!

Ya take it, then a months pay would have materialized, that's just trading and the way it works out sometimes.