EUR/USD Play?

Quote from Kastro_316:

I am setting by oerders based on this.

Buy at 1.5507 SL 1.5477 TP 1.5547

As per: http://www.theforexnews.com/?action=detail&id=1210175104

I just fear this pair right now, because something huge is gonna happen, i just know it.

Exciting and scary time for this pair
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Kastro I hope you are not paying for this information? This is more like chuck-and-chance fishing than trading. Really poor and not what you want to be trying.
 
Quote from tschmidt1234:

I'm with you. Except I wouldn't short gold as much, it's already had a 12-14% drawdown in the last two months. Oil, however, is ridiculous. Someone needs to pop that bubble.
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I got news for you. If oil goes, gold is probably going with it.
 
Quote from Ivanovich:

I got news for you. If oil goes, gold is probably going with it.
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Well, I'm glad I didn't follow this logic after February. Oil has been up, up, up, and gold has been down, down, down.
 
Quote from tschmidt1234:

Well, I'm glad I didn't follow this logic after February. Oil has been up, up, up, and gold has been down, down, down.
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the divergence between gold and oil is unsustainable... now would be a good time to play the spread
 
Quote from tschmidt1234:

Well, I'm glad I didn't follow this logic after February. Oil has been up, up, up, and gold has been down, down, down.
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That's because you're taking my comment to mean as oil goes up, gold will go up. What I was implying was that when oil finally goes down - the catalyst that causes it is likely to be the same catalyst that causes gold to drop.
 
The EUR/USD is still holding just below the daily .382 fib level at .5418. The USD/JPY looks like it's about to break below the mulit-week up channel it's formed and a bearish pennant has formed on $SPX. I'm beginning to think that a strong push above .5418 could mark the end of this $ rally, at least for the short term. And since there is no real economica data coming out this morning with the exception of the French Prod. #'s, it will be interesing to see how the London session plays this going into the weekend.
 
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