What will it take to get EUR/USD up again?

Discussion in 'Forex' started by Kastro_316, Jul 11, 2005.

  1. Kastro_316

    Kastro_316

    Hey guy's

    OK, just curious of what you guy's think will make EUR/USD stop this down-trend and start climbing back to 1.3000? :)
     
    #1     Jul 11, 2005
    Share
  2. Ivanovich

    Ivanovich

    1. A believed/indicated pause in US interest rates which could come from a perceived soft patch in the US economy.

    2. A massive trade number this week followed by a horrible TICS number next week.

    3. A perceived strengthening of the EU economy (which is highly unlikely).
     
    #2     Jul 11, 2005
    Share
  3. liri

    liri

    As of now i'll be going short unles i see the 1,2050 area give way.
     
    #3     Jul 11, 2005
    Share
  4. Ivanovich

    Ivanovich

    that is the smart strategy. Sell into strength with a stop over 1.2050.
     
    #4     Jul 11, 2005
    Share