Why the Euro zone will collapse!!

Where do you see the Euro at year end 2005

  • 1.00

    Votes: 13 27.1%

  • 1.15

    Votes: 17 35.4%

  • 1.30

    Votes: 13 27.1%

  • 1.40

    Votes: 5 10.4%
  • Total voters
    48
  • Poll closed .
I tend to agree more with Ivanovich.

Though, it's tough to be impartial because my money is on the line in various directions - let's face it, trading is Hell - I'd say we're gonna crash thru a buck if it were not for the fact that the USA and USD is utter garbage as a nation and a currency, and being run like a bad used car dealership.

Many many different things can happen that would cause the world to dump the dollar shooting the rate thru the 1.3000s in a 3 to 4 month period. As euro wasn't fully considered before, it doesn't mean it would be considered this time either.

It's more about the USD.

Plus you got your basic market psychology to consider including fears, panics, dreads, greed, speculation, stupidity and mania - These never go away.

Once we hit a base we'll retrace up 500 to 800 points - that's market law.

Then we got to take another look at it.

Therefore, I voted 1.30 but I think it will only move closer to that than to 1.00.

Remember, too, that, the majority is always wrong.

theskalper
 
Quite frankly...other currencies in concert with interest paid are far more attractive than any dollar play on the board....The interest offered in any dollar based asset is not attractive...
 
Quote from Ivanovich:

Yes, because we all know how scientific the polls here at ET are.

Gentlemen (and any ladies in the audience), stop being extremists. All you Chicken Little's running around claiming the sky is falling don't realize how foolish you sound when time proves you wrong. Remember all those people yelling how the US would be a Banana Republic when the Euro hit 1.30ish? All those people saying the buck wouldn't be worth spit?

Where are they now? Hiding under a rock, wishing they never said/believed such insanity.

Moderation, my friends. The truth is rarely at an extreme. The middle road is more obvious.
More...

I'm still here! I won't buy USD at THIS level!

My bet is for 1.24-1.26 at year end. There will be too much resistance to hit back 1.30 that soon.
 
Hi my foolish crazy traders,
Tomorow Paris time 13:30 we get the results for whom is organizing the 2012 show...Chances are that Paris will host, in this case expect a nice run for euro...its psychologic...so prepare for a nice IN OUT 60-100 pips...SO BUY TODAY €€€€€€€€€€€€€€€
 
Quote from sKaLpZ:

.........

Remember, too, that, the majority is always wrong.

theskalper
More...

The majority create the trend but they are wrong at the turns,
therefore they are right while the trend lasts......
 
euro going to 1.1875ish - then a technical bounce. Zero to do with the Olimpics!). Btw, I like London better :p
 
Both the Euro and the Dollar are funny money. Applying today's standards of accounting, politicians would have to be sent to prison for 25 to 30 years like them other hanky panky executives.

The best one can say is that both currencies will keep fluctuating as usual. If you're looking for something more solid, maybe China's money is the thing of the future.
 
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