Chinook's EUR/USD (E/$)Mumblings

No, I mean by coming into it with overbearing arrogance that provokes other posters to respond in kind, and therefore create a flame war like the last time you were here (the one I got drawn into because I didn't know any better).
 
Quote from Ivanovich:

Went long at 1.2595. I think a base has formed, and daily bearish momentum has lost it's bite. I realize fundies point lower in the coming months, but pricing suggests a range here for a bit. I do not anticipate any lower for the next...well, till the end of the week at the very least.

Of course, much higher than expected Core today could smash that theory out the window.
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I'm expecting a test of 1.2730/50 although EURO seems to be struggling to muster support for this - so we might dive lower without much of a test.

2660 was cracked yesterday so should act as a bit of support now.
 
I thought so too, but that support went out the window.

Nah, I'm out at the moment. Not getting back in unless I see another failed attempt at 1.2575 range. Then I'll go long with a tight stop.

For now, I'm going to play the crosses.
 
Yup its like swimming in shark infested waters currently...I still feel we will get a stab higher before lower - although the sharkies are making it difficult to get the timing right.
 
Quote from Ivanovich:

No, I mean by coming into it with overbearing arrogance that provokes other posters to respond in kind, and therefore create a flame war like the last time you were here (the one I got drawn into because I didn't know any better).
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Don't post nonsense on me like that, Ivanovich.

*busts up laughing*

Coinz
 
Quote from csaunders:

Yup its like swimming in shark infested waters currently... although the sharkies are making it difficult to get the timing right.
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Try using a speargun.

sKaLpZ
 
Quote from csaunders:

Yup its like swimming in shark infested waters currently...I still feel we will get a stab higher before lower - although the sharkies are making it difficult to get the timing right.
More...

The weekend will likely round it up. I'm thiking you're right, but overall the trend is still down. That is, unless we can see a close this evening above 1.2735 or so.
 
Quote from Ivanovich:

forgot to add that I pivoted and went short there too. (1.2650)
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Closed EUR short at 1.2560 (+ 90 pips). Just as I thought in the last post, the weekend pre-move broke the range, just not on the side I figured it would :) But it was good for my short. Tempted to reshort, but won't do it over the weekend as dailies are overbought and scream for a correction.
 
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