dollar strengthening against Euro?!?!?

Quote from WaveMaster:

Nevermind, I had a new bearish count. But I can now see that it is back to my previous bullish count.
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If only "nevermind" worked in real life sigh . . .
 
It's coming. The long term dollar bull market is at hand. When global uneasiness exists, old habits die hard, best to stick with USD until proven otherwise.

---bull
 
Quote from usdBull:

It's coming. The long term dollar bull market is at hand. When global uneasiness exists, old habits die hard, best to stick with USD until proven otherwise.

---bull
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yes.

we are long the dollar here.

our analysis agrees with you.

surf
 
Hey surf, I think you are going to hold through some pain to make a buck on this one, but we will see. I would like a dollar long, on a retrace back from 1.2960 down to around 1.2720.

Also let me throw this in, Hotspot is very interesting, cheaper than CurreneX, and a data feed through Esignal so the charts match the dealing platform, also good liquidity, FYI.
 
Quote from scriabinop23:

A lot today does not make sense to me, namely the drop in the Euro.

I bought 50k euros after the fed announcement at 1.28750 and now the value is almost 1 penny less. What gives?

I would've only expected this behavior after a rate tightening.
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I've not read the thread fully, so I apologize if I'm repeating what has already been said.

The Fed pause was widely anticipated, and therefore it was no surprise. The market, already long on EUR saw the "buy the rumor, sell the news" addage evident, and saw this as an opportunty to scale back longs. Additionally, the Fed has made it clear that this pause may not last as long as inflationary expectations are on the rise - which they are.

Essentially, no one is willing to make a bet that the US economy is out of it for a while, not yet. Therefore you'll see more range trading.
 
Yep. It is a range. Right now I swing trade the box. Verrry nice.

In out, in out, in out,

What could possibly be wrong with that?

Daily trades from Z 7am till C 9am.

Life is good

Quote from Andriy:

How does that go? If it looks, walks and talks like a range, then it must be a range. Nice intraday trading environment, that's for sure --

http://i3.tinypic.com/24bw6mp.gif
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