What are the chances of going long on EUR/USD? The close today has been at about 1.2810- on Sunday Open, I think it will try and flirt with 1.2780-1.2750. But no way will it break 1.2750. I recall having pondered this happening about a week ago, saying it will drop another 100-150 pips before it heads north again?
Does anyone else think it a good idea to go long on EUR/USD at this time?
1tex
EUR/USD and GBP/USD had a major divergence this week. The pound finished at its high for the week , yet the Euro completely reversed finishing at its lows for the week. Bad econ news all week and the strikes in france I’m sure did not help.
I think this crisis will test the Union in Europe. Rumors are flying about a handful of countries possibly abandoning the euro - which i think is unlikely. I honestly believe the Euro will reach parity with the greenback this year. And the British are thanking themselves for keeping a sovereign currency. The pound added 10 pence on the dollar from the sunday/monday lows for the week.
Each country within the EU is left to itself. The EU is a morass. The only saving grace are the germans. Germany is the least affected and is imparting its hard money philosophy on the ECB. Which is a double edged sword.
The benefit the U.S. has is being the reserve currency. And it doesn’t have to herd a bunch of countries together in a consensus for a stimulus package.
I think this is a major stress test for the Euro, and the union.
On top of that, the Euro failed to break last week’s high. Anything over 1.30 is a sell IMO.
i think on monday open bearish on eu again,eu bearish on daily and 4 hourly charts.
eliot wave chart on daily turn down back below parity.
eur/gbp pair will give more pressure on eur/usd on monday.
pound turn up key level 1.4500 bullish trend.closing friday at 1.4537
gbp/jpy also up key level at 130.50 closing friday at 130.72
Jeez Tess, you’re being kinda harsh on him, aren’t ya? This is [B]“Newbie”[/B] Island, after all.
Potaire
Hey, I wasn’t even interested in the damn thread–was just commenting on how some people talk to others. Do you think that is the sign of being tough or something? Whatever.
Potaire
A dozen eggs, litre & a half of of full fat milk, couple loaves of bread with peanut butter & steak slices…+ 2 half grown newbies = 1 rough, tough Wall St laydeeeeee
God Tess you have shattered my image of you lol!!!
That is too funny 
LOL LOL
Potaire
now that is too much skin out there, in my books not cool… …lol…
well you are not only harsh worded, but also ugly…I am outta here
ha ha ha, she sure aint pretty - but by god she’s effective in a fist fight!!