EURUSD would go higher in the next two or tree week

[TWI]

Think that this could be a great run all year and 1.26 is very achievable.
Just got to buy it when it looks horrible and you can't really go wrong. Only flag will be if FED change their current story pointing to nothing more than another one/two 25bp raises.

 

[azarento]

Sorry goldox! next week eur/usd will fall!

 

[TWI]

azarento, that will just be a reason to buy more.

 

[coolTrader]

It will be interesting to see where it is going. It was a clean buy but... Thats the Idea when everyone is long follow on but watch your back.

Having said that the 4 hour chart is wow. still bullish. It is currently at resistance and may spend some days here up to 1.2215. Break of this will see it heading for 1.2615. Well if it all does not fail.

 

[azarento]

Twalker, no way! Its a reason to sell more!

 

[TWI]

My main FX trades are automated. The longer term ones are building Euro longs around here. Today the short term shorted GBP early on but Euro longs remain in place for now.

 

[fxmarkets]

hmm, I was short in the darkness @ 58, closed 14, short term long 14 to 27, now short 25.3 but seeing session trend shift long potential flagged circa 2120. , yet see if shake out to 2085 is on. thin today though could do with usdchf springing upwards 1.2800.

Sneaky Asians

 

[fxmarkets]

looking at a shift here @ 2055/60 , upside bias., looking at usd/chf to give up 1.2850. jockying for position.

 

[fxmarkets]

Helo UM, short term views for me with the Euro, but hmm few people were calling euro 1.15 for end 2005 maybe they are just a quarter out in time? do you think its topped at high 1.2180 ish ? looking ahead , decent daily range bars to trade which is no bad thing.

 

[azarento]

I think Euro will not grow up in the next couple of weeks.

Another one saying the same? well... we are two now!
Keep shorts activate during next couple weeks!

 

[UM_manager]

Hello fx, the methods I and my colleagues developed allow me to think that the bottom (of 2005-2006 downtrend) will be reached in feb-mar. 2006.

 

[fxmarkets]

Hello fx, the methods I and my colleagues developed allow me to think that the bottom (of 2005-2006 downtrend) will be reached in feb-mar. 2006.

Nice one, all the best with it.



Fx.

 

[TWI]

I think fundamentally the Euro will have to appreciate this year. The US is nearly done on the rate side, at least, that is what the market currently believes and the FED are suggesting. The ECB have just begun and will need to continue to raise rates going forward from here as is priced into the Euribor curve.
In 2005 the dollar appreciated due to the better carry offered in the dollar due to the hiking cycle vs the Euro flat 2.0%, this is now moderating and with it a correction will occur. The US still has the deficit to deal with.
As with any trade this is just the most probable outcome and things could possible change if we see ~$100 crude or rampant inflation filters into the US figures but right now this does not look like being the case. I agree that it is necessary to keep leverage low to ensure you can ride out the daily volatility and of course better have a stop in case you are wrong.

 

[TWI]

I just read this after having bought more on this mornings break up. Lets see what happens. I think unless fed change their tune this is just the start, another 300 points higher I would aim for and some wide stops.

 

[fxmarkets]

hmm well its pulled back, to 1.2170/80 which is potentially a good launch for upside, after the week essentially drifting lower , after the asian sunday night upthrust, see if it shakes out to 1.2150/60 on the news due out...

 

[TWI]

Interesting day.

 

[fxmarkets]

yeah, good daytraders market.. it all started to look iffy when it couldnt hold 1.2225/30 on my charts...
see what comes next, still got 1.1930 at the back of my mind, maybe that would be a pullback too far.. and you mentioned buy it when it looks horrible, 1.1930 might make it look rough. I also note the usd/chf broke from 1.3051 a while back will that nudge the underside then sell off.......

and I suppose on the dailies and weeklies they will be trying to fade people off scent as on the shorter time frames.

the break lines or s/r marked on my charts for the euro going back weeks are

1.2085
1.2040
1.2000
1.1973
1.1930.

 

[TWI]

On the weeklies it looks really odd. Other than USDJPY the main dollar crosses have been held in a very tight range open-close for the last 3 weeks. There is a lot of odd things going on recently. It is a rare thing to see this action. My dollar short is increasing but it did do a bit of a flip/flop today.

 

[fxmarkets]

still got 1.1930 at the back of my mind, maybe that would be a pullback too far.. and you mentioned buy it when it looks horrible, 1.1930 might make it look rough. .

could be panning out usd/chf managed 1.3041 couple days back , early days, so far so good.

hardly a rapid rejection there look like an attempt on eager long stops might be on the cards and usd/chf might test the 1.3050 on that spring, euro sub 1.1912 for any length ,err no good for bulls if any are left.

 

[mark twain uk]

twalker,

are you still long or did your stops get hit?