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

Quote from csaunders:

Good - I'm expecting a little wave to break over 1.2250 soon although the waters are deathly calm currently - kinda "dolldrum-like" pre a storm.

A little tsunami might be generated post NFP.
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good call, Csanuders!

broke 1.2200 today.
 
This thread was a wealth of knowledge for the EUR/USD pair. I wonder what happened to Chinook?

All of those newer folks to Forex could spend a few days reading through this thread.
 
"A large European was noted on the bid at 1.2700, for good size, in early Europe to help kick spot higher. Spot worked back to 1.2730 before finding fresh supply and with the topside limited the price was soon forced to ease. Stops around the 1.2735 mark were left intact and spot quickly dropped back to 1.2700 but the pair was again unable to bounce and dropped below the figure. Downside stops are seen building sub-1.2670 while option players note large 1.2780 expiries today. Looking ahead, US jobless claims data is at 12:30 GMT, while at 18:00 GMT the Treasury unveils its June budget data. Sentiment towards EUR/USD remains mixed in the medium-term. The failure above 1.2850 followed by the fall below 1.2700 has tempered expectations that spot can eke out a sustained bull-run, but the market is also wary of getting too bearish at the current levels. With key support at 1.2670 still intact it is being suggested that it will take a break under this level to inject some pace into further declines"
 
Technical picture on dailies is bearish, and a clear break of 1.2705 is needed to reverse this view.

Both large 1.26 and 1.27 expiries are in place that may lead to range trading into the weekend. A 1.2650 break will drop to the 1.2620s.
 
Since the mod recommended to post about EUR/USD on this dead thread...

Ivansky replied to my post
Quote from DrawDown:
How do you successfully take the other of carry traders?
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and said...

Quote from Ivanovich:
Not sure what that's supposed to mean.
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I am asking, in trade, how do you successfully take the other side of carry traders?

The DrawDown
 
This was a good thread -- I would ask the mod before things get out of hand to just delete the posts that don't belong or are outside the topic instead of shutting it down. Thanks.
 
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