Euro falling to 1.20???

[eurohunter]

Trend is never side ways, never! Mkt may not move much but it is always moving.

Long term on euro futures 1.1835 has to be broken before we can look for a trend change. Shorter term we are in a bear but I dont trust it but the FED will end doubt today.

 

[Kastro_316]

Quote from DrawDown:

I anticipate a climb in EUR/USD to such an extent after tomorrow's FOMC annoucement that I moved the cash into a sub-acct to get ready to engage shorting the climb up.

And, I see no reason why it shouldn't be a fairly steep one ... into the 1.2800s++.

Anyone else see this coming in the next several weeks?

TheDrawDown
1.2545

It's posts like this that give me an average of 10.72 posts per day.

I will have to agree. I think we might see this pair climb to quite a high, and then drop like a sack of bricks. Knowing this is irrelevant next to understanding when this will happen.

I think that economic indicators in regards to this pair currently have little effect next to economic events that the mass general public can interpret. Of course, I could be dead wrong

Take care,
-Kastro

 

[DrawDown]

Quote from DrawDown:

No way.

Even though I shouldn't be saying, because I'm currently not trading EUR/USD but, if it climbs back up I may split my acct cap in half and open shorts against it in a sub-acct.

It's not going that far down in this environment - too much one-way committal - too much for the stomach of this market to handle.

we'll fluc back up after zee vate hyke.

drawdown

120-pips vertical - 1.2665

*yawn*



dRaWdOwN

 

[Ivanovich]

Quote from forexbear:

Euro falling to 1.20???

After topping at 1.2978, completing a five wave structure up, being the second active wave of the pattern, an important change of trend took place. And the bears control the market since then as playforex.com.ar expect. All trends have at least three waves, and the first wave down is complete at 1,2528 and retrced to the 0.382 fib level. How long can be the next wave down?, the elliott wave structure and relationship between waves can help to establish a support for this low, as the daily map show at the forecast.

A great contrarian indicator, this guy. OR perhaps he meant 1.30?