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

Quote from Buy1Sell2:

The Euro on the daily chart has taken 17 calendar days to achieve the top that was created on Aug 4. That is not storming ahead. Beyond that, the weekly chart shows a developing divergence potential on price and indicators. To achieve a divergence, we would need to take out the May Highs and then reverse. Of course, we don't have to take out the highs or have a divergence to reverse lower and the weekly chart is showing the signs of weakness. While the daily chart does not outright say lower yet, the weekly is brewing this weakness. Intraday shorts should be looked at seriously from this point on if you are an intraday trader. and long termers like myself (I am not short yet), should watch the weekly and daily for a reversal.
More...


This was posted on Auggie 21. Since that time I have been building a short position in the FX Futures Journal.
 
Are you implying you want a race for 1.30?

Perhaps trade numbers will do it? If not, I'm not sure what other aspect will influence today. Also strong vanilla expiry this morning at 1.27.
 
Trade #s came in @ record.

USD didn't flinch.

Interest rate players?

Longer term USD bears mapping out major sell off strats?

2-cents higher by next week's end?

Or, deficit already discounted?

It's a traders' market for sure.

Illiquid may just get his kicks.

1.2723

I
 
I gotta stop trading the european sessions . . .

I was just implying that although the dollar wants higher, euro trades like a crowded short, not long as cot would imply. They are not giving away anything easily.
 
Quote from Ivanovich:

The embassy attack was foiled.
More...
That it happened is the point.

Everybody's comfortably tucked in with the USD.

For now.

Ivanovich, don't bother trying to thwart the principle.

Just put your stop losses in.

Iconoclast
 
You must log in or register to reply here.
Back
Top