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Thread: EUR.USD

  1. #561
    Legend peat's Avatar
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    This video was ineresting Elliot Wave applied to Eur and I would interpret what they are saying as that Eur/USD is in a 4th wave and that this wave could be a bit protracted and form a contracting triangle

    Heres a pic from it



    and try either of these links to get to the vid itself

    http://www.elliottwave.com/club/prot...0U.S.%20Dollar?

    http://www.elliottwave.com/features/...d=3635*time=pm
    For clarity, nothing I say is advice....

  2. #562
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    Thanks for the Elliot link, Peat.

    Am I correct in seeing a link between Elliot and Butterflies?
    Death will be reality, Life is just an illusion.

  3. #563
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    It would appear that once again the EURUSD has failed to hit 1.5000 at the end of last week and is now dropping away below 1.4800

    Thats now 3 times that it has failed...
    Death will be reality, Life is just an illusion.

  4. #564
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    Hi Steve,

    Been worthwhile staying up have picked up 89 pips on the way down,some of the data out of the EURO was not quite as good as expected

  5. #565
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    Woke up this morning to find it had dropped down to 1.4650!

    Yes, there was a surprise in the Euro data, however the drop is a bit surprising given that there has been some more bad data out of the US overnight...
    Death will be reality, Life is just an illusion.

  6. #566
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    you could argue steve with such aggresive fed cuts in such a short period of time not moving the euro higher
    this one was in the tea leaves

    form a technical point of view i feel this is going to be a sharp correction before the final blow off top to 150 + then would look at a long term short on euro

    so looking for a long entry

    see trade of the week thread for a picture

  7. #567
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    Since the sizable dip a couple of days ago, the EURUSD has spent the last 48 hours in a narrow trading range (30min chart).

    With the ECB rate announcement only a matter of hours away, the pressure is building for a significant breakout of the trading range - question is "To be LONG or to be SHORT?"

    There have been some more bad numbers out of the US, but there have also been rumblings that things are not looking so flash in Euroland. I wonder what the ECB comments will indicate...
    Death will be reality, Life is just an illusion.

  8. #568
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    heres what Jyske Bank say

    We expect that ECB will leave rates unchanged and stick to their hawkish rhetoric. However, with this week’s weak economic indicators the risk is that they introduce a more dovish or at least neutral rhetoric.
    For clarity, nothing I say is advice....

  9. #569
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    Hi Peat/DB

    i haven't heard yet what the ECB came out with ,whether they dropped their hawkish view,
    i went short at 4619 up about 150 pips this morning will keep holding to see if 1.44 goes or we get the reversal

    cheers
    roddy

  10. #570
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    From CNN

    The Bank of England cut its benchmark rate by a quarter percentage point to 5.25% while the European Central Bank held its key interest rate steady at 4%
    For clarity, nothing I say is advice....

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