OK, this is getting ridiculous.. how is EURUSD now over 1.42?? (4/1/11)
- Thread starter Raul641
- Start date
In an attempt to atone for the 44 point loser yestereday, going to take another shot to make everyone whole.
Once again, and in real time.
Enter Long EUR/JPY on a Stop Order @ (when/if) 116.09.
Target: 117.60 (+151)
Stop Loss: 116.63 (-46)
Because I don't know what the market action will be that leads to the breakout, I am using a default stop under a current, very minor low. The RR is still over 3/1 so it should be OK as a jump off point, but will modify after entry.
Once again, and in real time.
Enter Long EUR/JPY on a Stop Order @ (when/if) 116.09.
Target: 117.60 (+151)
Stop Loss: 116.63 (-46)
Because I don't know what the market action will be that leads to the breakout, I am using a default stop under a current, very minor low. The RR is still over 3/1 so it should be OK as a jump off point, but will modify after entry.
Any thoughts on the risk impact of EUR/USD going down on EUR/JPY? EUR/USD at 1.4375. The area of 20 pips from current price might see sellers blocking rise or even bringing eur/usd down.
Starting to see technical signs that a short term move higher for the EURO against USD, CHF, JPY.
Will need to see EUR/USD clear and hold the 1.4400 level before playing the expected retracement to 4600. Just ventured an anticipatory long trade in the EUR/JPY as stated in my earlier post.
I think risk is back on for the remainder of the week. Even though I jumped the gun a bit, I think we need to clear 116.50 and then there could be some quick moves to the upside.
euro problems are nothing compared to usa problems
e/u at 1.4226.
e/u at 1.4188. How high would be the bounce?