EUR/USD to 1.1950 by this Friday

uninvited_guest · Jun 5, 2005

I predict that the EUR/USD will hit 1.1950, or less, in 5 days.

The EU is falling apart and people will look to the US for answers, and buy the USD to cover their asses.

I already have a EUR/USD short trade open to take advantage of this.

nicholaf · Jun 5, 2005

i would short the EUR/USD, but as to the level, can't tell u

simsim · Jun 5, 2005

1.2259 is the Critical Point, if it Crosses up the I will go long else if it stays below 1.2259 I will go short today.

Ivanovich · Jun 6, 2005

Quote from uninvited_guest:

I predict that the EUR/USD will hit 1.1950, or less, in 5 days.

The EU is falling apart and people will look to the US for answers, and buy the USD to cover their asses.

I already have a EUR/USD short trade open to take advantage of this.

This is an extremist viewpoint. I would caution taking these types of polar strategies.

sKaLpZ · Jun 6, 2005

all we been doin' is climbing since open.

that's hardly the way to get under 1.2000 by Friday.

I think UG may be experiencing "irrational exuberance."

Kicking · Jun 6, 2005

the EU is not falling apart , you are in a losing trade

Gringinho · Jun 6, 2005

Granted - the â¬ rose quickly during the last months of 2004, and US$ quickly got regained some of it's losses early this year ...
But given those sharp movements, one should not start seeing the doomsday for the â¬, just because it isn't 1.50 against the US$ yet.

skipper · Jun 6, 2005

Agreed, i was long the day when the statement to consider reverting back to the Lira hit the newswires and was stopped out in my long trade. I longed again upon seeing that the response was muted. Long story short, i closed the trade when the price hit my limit after NFP was out. I'm long now again..After that bozo came out with that statement, the contratrian in me is screaming "BUYeeeeeee!'

uninvited_guest · Jun 6, 2005

Quote from uninvited_guest:

I predict that the EUR/USD will hit 1.1950, or less, in 5 days.

The EU is falling apart and people will look to the US for answers, and buy the USD to cover their asses.

I already have a EUR/USD short trade open to take advantage of this.

My trade is still open. Getting close to stop but still open.

* EUR/USD sell @1.214
* Stop @ 1.314
* Leverage 200:1
* 10K ($50.00)
* Maximum loss $100.00

skipper · Jun 6, 2005

UG,
what platform are you using that printed a sell at 1.214?
A stop at 1.314? That's a 1000 pips stop, no? Even with a mini account,you'll lose $1000.