Daily EUR/USD trades

IMO, the EUR is way overbought. Dollar looks like it is due for a reversal at major lows. Was wondering if it would break the dollar low of Dec 2004 by breaking 1.3665. Yet to break 1.3600. But I think it's at a turning point for reversal in the next 100 pips or so.
 
Traders,

I am from the planet Nazdak. I wish to learn more about your Euro trading ways. Am considering opening a long position in EUR/USD; but I have a question. I am trading on IB. What kind of slippage should I expect on my stops, in IB Forex trading long EUR/USD? And for that matter, does anyone feel that IB is not a good platform for Forex trading? Thanks...
 
The Dollar run from 13665 to 11640 was largely due to massive dollar repatriation spurred by the US government lowering the taxes by corporations for those repatriated dollars.

With the Euro zone showing signs of strength, which was not there in 2005, look for the USD to find a comfortable yet lower area to consolidate against it’s European crosses. With the cheap buck it won’t be long before the ECB starts their language.

It’s all scripted and controlled, and an ever going roller coaster, what goes up will come down.
 
Quote from JSSPMK:

Down 1.3574
More...

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What are your thoughts on the new home sales and durable goods data coming out today? I feel like it will be better than expected, and trigger some profit-taking. I'm planning to tighten my stop before the news. Are you expecting good news (good for the US economy) or bad news (good for the euro) ?
 
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