Eur/usd looks to go up

[crazytrader1]

what do you guys think? rallied big today, looks like it's going to make another rally very soon. You guys with me?

 

[KrispyKreme50]

The trend is still down but I agree, we will go up for the next few days.

 

[OVVO]

Short from 1.2675, no stop no time frame, looking for sub 1.20

 

[KrispyKreme50]

Quote from OVVO:

Short from 1.2675, no stop no time frame, looking for sub 1.20

If you don't mind me asking, how much leverage are you using?

 

[OVVO]

5:1 for the portfolio on average (eur/usd is 1 of 12 positions)

 

[TradeViper]

Crazy, look at a daily, we are still in a downtrend, we are coming up on the third attempt to break the Strong/Sticky 2500, we will see next week.

OV I concur


The Ever Watchful VIPER

 

[JEB]

I'm with Viper - as long as the daily trend is down, I've got a short bias. I'm short from 1.2718, but have moved my stops to breakeven. I could see it revisiting the 1.2425-ish area, but I could be wrong. We'll see what next week brings.

JEB

 

[HLB]

why is EURUSD is so correlated with US equity indices?
If there are will be another short covering or rally, then EUR will jump several hundreed pips too. I covered my short yesterday about 1.2575, will look to enter again at better levels.

 

[Peter35]

I think we will see eur/usd moving between 1.15 and 1.30 in 2009

 

[stevegee58]

It's quite a triangle forming. But I agree you can't argue it's a downtrend on the daily.

This triangle has been forming for the last few weeks so it should produce an explosive move.