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

trade-ya1 · Apr 20, 2005

That is basis the June future.

Ivanovich · Apr 21, 2005

What's your target, Trade-ya?

trade-ya1 · Apr 21, 2005

I don't use targets, just watch price action. In this case, I am in the trade for a very specific reason. If/when that reason is no longer viable, I am out the door. This does nothing to change my longer-term outlook which is unabashadely bullish the EUR. However, I'm short EUR and just holding and watching for now with stops near break-even above.

trade-ya1 · Apr 21, 2005

Big offers going away I believe but sell interest likely still there IMHO. Keeping shorts with stop/reverse above.

csaunders · Apr 21, 2005

This is a surprise Trade-ya short EURUSD!

I'm also sitting short now - currently the market seems a tad confused.... lets see which way is the resolution. If 1.3150- breaks I'll capitulate for now and look to short 1.3280 or so.

trendtrader9 · Apr 21, 2005

Looks like another news reversal day, albeit not as strong as yesterday.
Mkt doesn't seem to care about dollar bullish news.

Bunds not as supportive to Euro as yesterday

FX MENTOR · Apr 22, 2005

I take it you guys were on the sidelines today?

trade-ya1 · Apr 22, 2005

I'm back long EUR again as usual.

Ivanovich · Apr 26, 2005

And I'm still short - this time from 1.3060.

csaunders · Apr 26, 2005

Quote from Ivanovich:

And I'm still short - this time from 1.3060.

Yeah I'm with you. Lets see what Consumer Confidence brings us....