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

Quote from Ivanovich:

From the states, and yes - I know pretty good Russian. Having a russian girlfriend who won't speak English to me on Wednesdays and Sundays helps. Every time I try to speak english on those days she purposely stares blankly at me and tells me in Russian that she cannot understand me.

It's good practice. And thanks on the best wishes :)
More...

lol :)

Yes - probably the only way to learn a language is by having no choice! Although not the easiest langauge to learn - good luck!
 
Ivanovich,

Thanks.

Most everywhere I read most people like you are staying out of EURUSD. I'm waiting to see if it stalls again. I'm in too deep! Lol.

I think it will, and I think Greenspan will give USD some confidence. It wouldn't be the first time I'd be wrong though.

And most people know more than I at the moment within this forex thingy ;-), so I grab your comments with open arms and absorb. At the very least its another intelligent person's opinion, something to gauge against. So thanks.

And congratulations mate, missed that bit of info first time round :)
 
If someone interested in, I found reasons seems to high EUR/YEN:

1. Coming new commercial code in Japan which makes higher operating costs for foreign companies what makes them to pull out their business. Financial Times.

2. Support of BoJ for exporters. Level 130,8 seemed to be critic for them. NKS report.

3. Just technical support from around 130.7 as it's year minimum.

In this week: there is Greenspan and US rates tomorrow, Trishet and EU rates, G8 Finince Meeting at weekend, U.S. trade figures on Friday, Japan current account at 23.50GMT.

So I think these issues will direct the EUR.
 
Quote from Ivanovich:

One last thing I'd like to add. If you want to short EUR, do it around 1.2330 or so with a tight stop at 1.2345.

the 1.2340 is being perceived as a double top, and there are rumors about some CBs selling into that number. But stops are right around it. So if it breaks, it might break hard.
More...

I think we will see a retracement to the 50% near 2400, the first retracement (2330/40) will break. My target is below the 50% retracement. We will see what happens :)
 
>the 1.2340 is being perceived as a double top, and there are >rumors about some CBs selling into that number. But stops are >right around it. So if it breaks, it might break hard.

15.30GMT. The price reached 1.2350 and then fall and still falling.

Ivanovich,
Is that what you mean or quite opposite?
 
wincorp:

IMHO:

As I wrote here above there are coming events that will direct EUR. But they have not come yet.

So when euro hit 1.2350 people and funds saw no reasons to hold EUR and there were signs to sell, technically.

I think it's going to fall @ around 1,22, then stabilize/corrects and then the next move is for Asians. Will see what they do in when Greenspan is coming...:)
 
You must log in or register to reply here.
Back
Top