EUR/USD to 1.55!!!

[OddTrader]

Quote from OddTrader:

Most likely going up, if not moving down, as it won't be staying sideways for ever!

Ha! Already reached 1.580 once since 10th May, from 1.54~ in just two weeks!!!

Enough is enough!

 

[stevenao]

1.54 ONLY if OIL goes to $120. USD is getting punished by high oil price.

 

[orange_trad]

Quote from stevenao:

1.54 ONLY if OIL goes to $120. USD is getting punished by high oil price.

Don't you think that it is possible that oil costs so much because it is priced in the ever weakening dollar? Since the correlation between crude and EUR/USD is -0.7...

 

[DRiSsT]

Quote from orange_trad:

Don't you think that it is possible that oil costs so much because it is priced in the ever weakening dollar? Since the correlation between crude and EUR/USD is -0.7...

Hmmm... nice point of view

 

[riskfreetrading]

It is now 2:03AM (EDT, USA). I just shorted EUR/USD at 2AM and price at 1.5817 area. May 27, 2008.

 

[riskfreetrading]

Forgot to add the chart to my above post.

PS: It seems to be moving down. I should have load more on the short side.

 

[OddTrader]

EUR/USD: Down, Down, Down!!! Until Obama's Inauguration Day! :eek:

 

[TradinMadMan]

Quote from OddTrader:

EUR/USD: Down, Down, Down!!! Until Obama's Inauguration Day! :eek:

sounds right. don't forget yesterday's data more deflation for eurozone = more pressure to lower interest rates.

 

[OddTrader]

Quote from OddTrader:


01-06-09 11:31 PM

EUR/USD: Down, Down, Down!!! Until Obama's Inauguration Day! :eek:

Already down to touching 1.31 twice should be good enough for now!

 

[WeExist]

Just found this thread, brilliant predictions OT. Do you think it will still continue to go down or do you think it's gone down enough for now?