How to trade the EUR now

[contra]

Quote from koolaid:

just remember to buy low and sell high

of course. and the trend is your friend, don't drink the kool-aid.. etc

 

[elisab]

Considering that 1.3340 is a key level, in a long-term perspective too, I would evaluate a short entry waiting for the Fed on Wednesday.

 

[elisab]

A clear divergence for EurUsd on the intraday charts. The Rsi is falling and prices are rising.... I think that the resistance of 1.334 will show its strength.

 

[SimpleTrades]

Quote from elisab:

A clear divergence for EurUsd on the intraday charts. The Rsi is falling and prices are rising.... I think that the resistance of 1.334 will show its strength.

I sure hope you're not trading these calls with real money.

 

[elisab]

Quote from SimpleTrades:

I sure hope you're not trading these calls with real money.

This was one of the clues that suggested me to enter short with real money ... of course it was not the only one!

 

[SimpleTrades]

Quote from elisab:

This was one of the clues that suggested me to enter short with real money ... of course it was not the only one!

Ummmm.... We both got lucky. That was a bad call from both of us, and Berdonkey saved our asses.

 

[Pipflow]

EUR has been holding in low levels now and may be some more bearish movement is expected but for how long we need to watch.

 

[elisab]

Quote from SimpleTrades:

Ummmm.... We both got lucky. That was a bad call from both of us, and Berdonkey saved our asses.

A very lucky trade but most of all a very profitable one, and already closed last Friday.

 

[elisab]

And now, the ECB will have to prevent a run of spreads or the European banking system will be in danger of implosion.

 

[elisab]

The new bankruptcy law ordered by European banks is good news for BTPs and Bonds, but what about the Euro?