Daily EUR/USD trades

Quote from 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!
More...

closing eur/usd position. Profit: 87 pips. Reason - there's little hope of further downside with the eur conf coming up. View is that ECB will be happy with this euro decline and speak a little more freely about inflation, as opposed to what they would have done if Eur would have been at higher levels.
Reversing position: long eur/usd at 1.2955, stop at 1.29, tp at 1.3050 (50%), 1.31 (50%).

good luck!

ciao
 
Looks like the pair has formed an interim top.
Just as CHF has bottomed out.

This for the last 1.5-2.0 hours.
So pretty unstable & absolutely non-reliable!!!
 
whats with the Euro ? seems weak relative to gold price

today ?

( glad I did not try this spread )

it does work sometimes

ah HAAA ... its the crosses ... JPY versus the other majors

thats the ticket for the day

:p
 
Quote from SethArb:

whats with the Euro ? seems weak relative to gold price

today ?

( glad I did not try this spread )

it does work sometimes

ah HAAA ... its the crosses ... JPY versus the other majors

thats the ticket for the day

:p
More...

jawboning is what happened. pure bs. britain and europe see their currency breaking out so they jawed it down...
 
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