EU - where is it going next?

[JB3]

^ Euro heading back to 1.40 like I had predicted. They are going to call ECB's bluff.

 

[syswizard]

^ Euro heading back to 1.40 like I had predicted. They are going to call ECB's bluff.

Other than Great Britain, the rest of Europe is still dicey economically.
The Euro must fall to reduce the chances of recession.
It's just a matter of time.
Selling FXE call options might be a good strategy right now.

 

[syswizard]

Wow - what a move this morning in the Euro.....I show it hitting nearly 1.40 and then a sharp drop.

 

[syswizard]

What a head fake the other day !!!
Euro continues to fall under 1.38 - wow.

 

[dartheory]

eur at 1.365. This is a good area to buy. We will see 1.378 again at the least. I still think 1.4+ is possible.

What happens when draghi and co decide not to do anything again in june?

 

[speres]

What a head fake the other day !!!
Euro continues to fall under 1.38 - wow.

if you didnt short that I'd be amazed lol

 

[speres]

I wouldnt be buying this just yet...with such a strong down move I'm expecting a weak pull back then down again.... the rise of the far right a concern for europe

 

[wjk]

What happens when draghi and co decide not to do anything again in june?

A huge short covering rally would be my guess. But what if he does a little rate cut or announce some sort of QE, and what if that's already priced in? Still a rally?

I was short into the last rate, but am currently flat...waiting till thu...during or after the presser. I will most likely wait for a good shorting level if market rallies after a cut or QE. If he does nothing I will go long until a good level to flip is reached. If market sells off, I'll probably stay out until there is a correction.

 

[Steve]

I would say it's still falling. Only dilemma for me is if I should sell it at this level with a stop above that horizontal line, or if I should wait for it to see if it goes up to that sloping trend line and sell it there.

What do you think?

PS There is a chart with lines attached for your kind attention

 

[Steve]

I would say it's still falling. Only dilemma for me is if I should sell it at this level with a stop above that horizontal line, or if I should wait for it to see if it goes up to that sloping trend line and sell it there.

What do you think?

PS There is a chart with lines attached for your kind attention

That was nice and easy.

I would take profit at this point (bottom red line on the attachement) and wait for another sell set up...