Will The Euro Trade 140 Against the Dollar?

[Pa(b)st Prime]

Is the greenback French Toast? Will it get Pounded? Is it Marked for disaster?

 

[Pa(b)st Prime]

I guess there's not to many folks here trading FX anymore.

Bucket shop blues........

 

[Manni]

sooner than you think.

 

[Mvic]

Yes but will retrace to 1.36 area 1st.

 

[Pa(b)st Prime]

Quote from Mvic:

Yes but will retrace to 1.36 area 1st.

You sir are an opinion I listen to.

 

[harry11]

think it might cross 140.. dollar continuing to drop.

 

[Pa(b)st Prime]

Any other opinions on the direction of the Euro?

 

[harry11]

only one direction my friend- UP!!

 

[Daal]

Quote from harry11:

only one direction my friend- UP!!

till they organize an intervention

 

[Mvic]

Quote from Pa(b)st Prime:

You sir are an opinion I listen to.

Thanks Pabst, likewise I yours. I find your journal a worthwhile read.

The caveat is that if we get a bit of a sell off here everyone will assume the Fed will be adding liquidity and that will be a negative for the $ as it was in Feb. when we had a mini correction.

I paired my underwater long position today and am using it as a hedge of sorts for my long gold futures.

Incidentally have you been looking at the Sox, it pretty much telegraphed the recent move up on 6/13 and may be giving us another indication here where we are going next.