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At the moment, I'm neither as I am being cautious about a false breakout. All my subscription services are warning about EUR's ability to sustain this run. So I'm out. I am, however, long on CAD at 1.1890 as I think this is an absolutely absurd price for CAD given the USD future.

I only short when it's below the pivot - or the 200 day MA line. After that, I go long.

That's alright, TY :) I'm sure I'll either be paying you by year end or have already paid you a while back. Just shorted the pivot break at 1.2265 again.

That's why it's your opinion :) 'Cause I don't share it. As for this round, I shorted again at 1.2250 with a tight stop at 1.2267, but got stopped this time. However, a 17 pip loss is nothing when compared with the several hundred pips shorting. And if it breaks the pivot again, I'll...

Woohoo! Another EUR push back over 1.22 - let's hope it gets up around 1.2245 again.

Then, depending on how far it climbs, it hits my stop loss. That's FOREX trading, dude. Sometimes you win, and sometimes you lose. The trick is understanding the flow, not the splash. But since 1.2265 was the pivot point, and my stop was just above that, I lose 17 or so pips if it breaks...

Hey, if people want to ignore the big picture simply because of either a technical follow through, or some mildly luke-warm data from the EU, then let them. I'm certainly not going to miss the boat.

Scratch that. 70 pips more on that last trade. And here's where I close it.

Yeah, sure seems that way. At least for someone, but not me. Another 40 pips shorting overnight. That makes somewhere around 250 pips in the last few days, just shorting every time there's a 1.2265 failure. Are you the guy writing my checks? :)

As for the Fed releasing interest rates, they've been doing that all along.

Agreed.

It would seem that some do not agree, and want to put up a fight.

Shorting was fun again this afternoon from 1.2250. Someone buy more EUR, this is great! :) I love the news - oh look, German sentiment improved! Heh...do they realize that it's export driven and healthy because of a low euro? And that pushing up the euro will have the opposite effect?

Can you please explain the rationale behind your call? I give you kudos for stating that you call a 1.13 EUR by NOV 5th (provided this post doesn't vanish mysteriously) but anyone can draw a pic. I'd be curious to hear why you believe what you do.

All I can say is I hope people keep propping the EUR up in the short term, because I sure love making money shorting it. If they want to continue to drive it up because they think the EUR economy is "better than the dismal piece of...they thought it was" then great. I'll take their dollars at...

I think that once interest rates show even an inkling of pausing, you'll begin to see an attempt at a selloff again back to the high 1.20's and perhaps even beyond as the CA comes back into view. That's not going away, you know. It's actually out there, ready to rear it's ugly head again...

Guys, all of you give it up. If you don't have something nice to post, try not to post at all. Regarding AUD/USD - I went long at 7515. Watched the bounce back to 7540ish then closed when it could not break 45. So I'm not going long now for a while until I see a sustained break of 45...

Waiting for a 7515 buy.

Still agreeing with the short, and disagreeing with the continuing ascent theory, Ivanovich watches as EUR passes 1.22.

Still think it's going up, Skalpz?