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

EUR/USD had a volatile outside trading day yesterday but we suspect the pair
will stay in range of 1.2850-1.3004 for the rest of the week. The price action
is violent but underlying strength is genuine. The fact remains 3 new all time
highs have been made in the last four trading sessions. Only a close back down
below 1.2660 will abort the upside. [AD] [23:15 GMT]
 
Quote from fandelem:

From any sources or those guesses?
More...

These are from the charts. Pivots from earlier today.

I wish you all luck and patience during the Asian session. I just woke up from my beauty sleep. Now it's time for my daily relaxation. Some hot tub and swimming action in the gym. Also, time to shout and laugh like a maniac in the car :D
 
I've been watching the market for the last 60 minutes. I'm hoping to see some kind of trend develop during this European session. I'm currently long...
 
I'm off to a meeting although yes I'm sitting short (no surprise there) looking for 2850 and below before a substantial pullback to 1.3 and over.

GL

edit: maybe today will be dead after all - I'm hoping for some stop running....
 
From Thomson:

"12:16 GMT 11th November] The large 1.2900 and 1.2925 option expiries seen today
have weighed on spot prices and with price action capped early on by German
offers at 1.2900, this view still looks valid. The European preference is to
buy on dips with 1.2850 support likely to initiate a strong bounce in the pair.
Asian trading managed only to consolidate yesterday's moves and Europe opened to
good demand rallying prices to the current intraday high at 1.2898. Trading
attempted to gain a 1.2900 handle but the failure to get a foothold frustrated
dealers and spot eventually eased back to 1.2865/75 support. Recent comments
from the Bundesbank's Stark have reinforced the leaked overnight documents that
European Bankers believe the high level of the EUR is compensating for the high
level of oil. Overnight ECB reports suggested that oil prices were being
directly linked to the appreciation of the EUR. Stark also went on to warn that
high oil could 'dampen Eurozone growth and boost inflation'. The partial US
holiday could force spot to stagnate with the market already beginning to thin
so 1.2850-1.2900 is likely to hold."
 
You must log in or register to reply here.
Back
Top