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EUR/USD - Are We Due For a Tumble to $1.20?
- Thread starter DrawDown
- Start date
It should, but with the Israeli at ware who knowsâ¦
"no clue what your chart represents."Quote from rosy:
no clue what your chart represents. can't i just as easily say there's support at 1.25 and it's going to 1.30.
Um... then let me explain it.
Ya see, the trendline on the left goes UP... the trendline on the right goes DOWN... the trendlines at the bottom mark off the area around $1.20.
"can't i just as easily say there's support at 1.25 and it's going to 1.30."
You could... it's just not as dramatic. ;-)
Quote from DrawDown:
Maybe there's more people like you.
Do funnymentals look much better for other currencies?
I believe so. Hell look at the Euro since its inception. 80 cents all ways up to 1.30. I am not a funnymentalist, but I do listen to the pundits and they have some legit points. The US is amassing so much debt, got rid of M-3 reporting, that it's hard to believe it can be repaid. Frugal Euro Zoners are much better savers although I believe their debt to GDP ratio is higher though. Sorry I don't have articles or links. Look at the CD up north. Damn from 72 cents a few years back to almost parity with USD!.
As you know Coinzie I rarely trade FX but my thoughts haven't changed since late '04. The dollar low is in.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=43579&highlight=dollar+japan
http://www.elitetrader.com/vb/showthread.php?s=&threadid=43579&highlight=dollar+japan
*shrug* ... then buy euro.Quote from dandxg:
I believe so. Hell look at the Euro since its inception. 80 cents all ways up to 1.30. I am not a funnymentalist, but I do listen to the pundits and they have some legit points. The US is amassing so much debt, got rid of M-3 reporting, that it's hard to believe it can be repaid. Frugal Euro Zoners are much better savers although I believe their debt to GDP ratio is higher though. Sorry I don't have articles or links. Look at the CD up north. Damn from 72 cents a few years back to almost parity with USD!.
I'll take the other side.
Tell me when you open.