Daily EUR/USD trades

[WaveMaster]

NFP: Looking in hindsight, the move is going to be up.

 

[DrEvil]

I expect the 1.3000 to be a good area of support ... going long.

Interested to hear if any others agree/disagree.

 

[illiquid]

I think I disagree . . .

 

[manyit]

My friend, don't try to pick top or bottom. A falling knief is riskly to hold... ^.^

 

[Surdo]

Maybe 1.2950 will hold!

 

[DrEvil]

Quote from manyit:

My friend, don't try to pick top or bottom. A falling knief is riskly to hold... ^.^

manyit, you are right. I'm hoping that support around 1.2980 on daily chart will hold up. If we break below this flag on the hourly chart I'm out.

 

[DrEvil]

Anyone else in a long position here?

 

[SwingOutOn5]

I agree. Load the boat. I didn't expect it to happen so soon, though.

Quote from DrEvil:

I expect the 1.3000 to be a good area of support ... going long.

Interested to hear if any others agree/disagree.

 

[DrEvil]

Quote from SwingOutOn5:

I agree. Load the boat. I didn't expect it to happen so soon, though.

I know what you mean, the descent to the current levels have been fast and furious. Can't help but think that the selloff was overdone.

 

[gtholia]

what's the view in the forum on euro rate increases for this year? think eur is running into headroom here....and the us rate cuts (q2 contract still showing 70 odd% of rate cut by us fed) is definitely overoptimistic.
Long term trade: short eur/usd at these levels. stop at 1.31, TP at 1.285 50%, 1.29 50%.
Trade is also positive carry, so that will help. My time horizon for this is over the next month - i.e. mid feb should see the view materialise.

ciao!