EU - where is it going next?

I don't know... commodity currencies look the worst/weakest vs dollar as seen in NZD, CAD and AUD major rates. Look at EUR/AUD for example which is at an interesting level, AUD is much weaker. Also EUR/GBP.

EUR/CAD looks reacting to USD/CAD which is one to watch on its own.

same with EUR/CHF to USD/CHF... EUR/CHF didn't get the memo that it's a dollar move.

I am in yen... the Eur is weak but it actually doesn't seem too weak, wouldn't be my choice for a long dollar position.
 
Quote from contra:

AUD is much weaker
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I like the chart (aud/eur) Contra - it's a clear down trend without unpredictable moves (like eur/usd moves caused by never ending manipulations)
 
Quote from trader_phil:

I might follow on the footsteps of oldtime and check out the eurcad :) seems more reasonable as of the moment, the eurusd is driving me NUTS! :D
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That's a simple solution trader_phil - just avoid trading eurusd until they stop manipulating it (it may happen one day)
 
I put on some short. It kinda looks like it could grind higher.. or support at 3013 on the futures contract. I may set a take profit there. .if it doesn't hit then maybe short more in the morning before the morning US announcement.

Any sentiment out there??
 
Quote from HopelessTrader:

just woke to see target hit. and, looks like it kept heading south.

hmm. i guess the other eur thread is more active..
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Nice way to wake up HopelessTrader (much better than seeing stop hit I guess)

I do post once every month/two months or so. Also I try to answer any questions. There must be some other threads where they post more often

Wishing you good trading

PS This May I was very active - 4 posts inclucing this one
 
I may start buying eur/usd (wait for some good entries at wholesale prices)

Can it reach 1.4200 in a few months' time?

PS There is a chart with some levels attached for your kind attention
 

Attachments

The markets are funny sometimes - like that previous move because of an article.

Then the author of the article tweets that people should chill out and markets move again (reacting to his reaction to that move) - that's even funnier. Grotesque?
 
Quote from Steve:

The markets are funny sometimes - like that previous move because of an article.

Then the author of the article tweets that people should chill out and markets move again (reacting to his reaction to that move) - that's even funnier. Grotesque?
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welcome to FX markets.... lol
 
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