counter_violent
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But does that sentiment necessarily have to manifest in the Eur ?
How about an opposing sentiment in gold...for example !
Time to buy the Euro?
- Thread starter Sunshine On Leith
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But does that sentiment necessarily have to manifest in the Eur ?
How about an opposing sentiment in gold...for example !
trader_dante
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EUR plunges on German short selling ban - the implication is that Europe is about to isolate itself from capital markets - This is not a smart move - Boys in the Pub were right after all..just goes to show alcohol helps - http://bit.ly/aGFqet
Sunshine On Leith
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Sunshine On Leith
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CSFB have called euro well recently. Theyve just reduced their 3 month target to 1.16.
Seems like the Euro will place a low today with it rallying later in the day and taking every other market up with it! Apart from the dollar of course! 12144 seems like the low for me - i'd be surprised to see 121 snap today as it's just technically over done. 120 prices today would be too soon!
Don't know where this rally will come from today but certainly seems like it will occur.
Don't know where this rally will come from today but certainly seems like it will occur.
trader_dante
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And this is why bearish sentiment is not at an extreme yet.
Like I said my chart is technically lining up for a surge higher today...
We'll see! :whistling
Like I said my chart is technically lining up for a surge higher today...
We'll see! :whistling
Closing above 12344 in two hours time could well mean that we easily double the days rise.
Nice move so far, would need it to stick, low is in as was expected. U.S. markets and all others should get pulled up with it along with oil.
trader_dante
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Closing above 12344 in two hours time could well mean that we easily double the days rise.
Nice move so far, would need it to stick, low is in as was expected. U.S. markets and all others should get pulled up with it along with oil.
lol, don't know what you're quoting me for. I didn't say it wouldn't rally. I just said this talk of bearish extreme is rubbish. Everyone I speak to thinks it's bottomed. Bearish sentiment is at an extreme when people stop trying to pick bottoms and sell.
Anyway, nice call.
Although if we're being really pedantic, you did said the technicals pointed to it going higher but it seems you were actually bailed out by fundamentals?
counter_violent
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trader_dante
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I'd better get the boat loaded long then !
Do it.
It's Merkel vs the speculators and she claims that she "intends to win".
It's really tough working out who's gonna win this one.
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counter_violent
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It's just talking tough for the home audience.
Everyone knows she has a soft spot for Greece.
It's just talking tough for the home audience.
Everyone knows she has a soft spot for Greece.
Any advance on 12366 should provide a direct route to 124 and above!
trader_dante
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Any advance on 12366 should provide a direct route to 124 and above!
124 (and above) hit.
What a legend.
Keep up the calls.
If this Euro has bottomed you've got yourself a big audience here. Don't get cocky now
trader_dante
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I don't think this is the bottom although we might have a temporary upswing here.
Either way I try to trade on the side of whoever is winning in the short term. I'm long EUR/JPY in quite a big way.
counter_violent
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