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Thanks, IFR :) But what does that make us think about?

Don't know if I confer with the "before continuing it's ascent" idea, but the first part rings true.

I don't understand what case you're resting, nor your style of trading. But enjoy your weekend.

Because the market was unable to take out the 1.25 mark. Don't you study your technicals? The failure to overcome the 38.2% retracement of the 1.3480/1.1870 rally is the main catalyst for this mornings decline. The whole rise from 1.20 still makes no "sense".

Thanks, Yahoo news.

Yes, I'd be curious to hear this too.

I like the idea in theory - but it's just scary getting in front of this EUR rally (it's rallying on just about everything). Step in front of a truck before it stops and ...well, you know.

That was what was called a hyperbole. Cheers for taking it literally.

I understand what you gentlemen are saying. But what about an event where currently US rates continue to rise, offering more yield between vehicles in the US vs. their counterparts around the world. Doesn't that technically make institutions want to hold these assets, and purchase them with US...

I pretty much have my own view on this, but it's always good to get it confirmed from everyone else. Plus I'm rather bored at work today. Let's see, how do I phrase this properly... News or market movements? Which comes first? What I mean is, it seems to me that many times, the news is...

Is it me, or does this poster have threads that sound like Yoda posted them? Dark are the thoughts of the EUR future! Scared you should be if short you are!

Sorry, not going to happen until at least after first week of September. And even then, you'll not see a drop of that magnitude right away. It'll happen, but not until you've bled 500 pips. Go ahead, ask me why.

Go ahead and buy yen against dollar, waiting for this to happen. And do me a favor, take out a loan for the interest you'll lose during that time frame.

I never said the fair value of the EUR was $1, though.

I've used Oanda for a long time now. I have no intention of using the box option.

If it does, it is only to fufill a technical requirement. The fed will be raising again, and their language isn't likely to change - which means rates for the US will continue to be going up for the foreseeable future. End of story. The only thing that will cause the EUR to appreciate is...

Excellent! I'll be in the market to buy - with the cash I have saved up - sometime in a year to two. Perfect!

You're a strange bird, I'm sure everyone watching agrees. And a large 6 yard buy on the EUR doesn't spike it all the way up. It spikes enough to get everyone on board making a run on stops, which creates momentum. Cheers.

Then let me clarify it for you, and I'll use easy words so it's not confusing... That view leads me to believe you think FX is all luck. And if that is the case, then my original comment regarding blackjack stands. Clear now? Or maybe I need to put it in a pop-up book? Have your own...

Actually, it was the mid-east cbs that bought about 6 yards of euro that did it.