Soc Gen looking for 1.30 EUR/USD "in a week or so"

[dailycollateral]

http://www.dailycollateral.com/2012...-next-week-or-so-in-line-with-falling-spreads

Seems like consensus is re-emerging on a euro short; thoughts?

 

[twofacedjoker]

I am long as of today, so no 1.30 for you.

 

[GrandSupercycle]

Reminder that SP500 monthly chart continues to give bearish warning and USDX monthly chart continues to give bullish warning.
This big picture outlook will not change.

(so long term EURUSD is toast)

 

[Tsing Tao]

Quote from twofacedjoker:

I am long as of today, so no 1.30 for you.

How is that working out for you?

 

[twofacedjoker]

Quote from Tsing Tao:

How is that working out for you?

Just Buy it!

 

[Tsing Tao]

Quote from twofacedjoker:

Just Buy it!

No way I trade this pair. Tale of two shitty currencies. I'll continue shorting the Euro against pairs like AUD, CAD, SGD and TRY. It's been very profitable.

 

[dailycollateral]

Probably why all of the 2012 forecasts have the EUR/USD in the 1.25-1.35 range by year end. No shit, right?