Umbrella

Umbrella

I don't think EUR came all the up from 1.2040 just to go back down again in a short period of time. There is no foreseen immediate negative news from ECB or Fed. Expect at least some price consolidation in the next few months. Range trading is recommended at the zones indicated above. BUY 1.2600 to 1.2630 SELL 1.2880 to 1.2900

Umbrella

I take both... make sure you enter at the right time as indicated.

Umbrella

Great similarity is evident as per the above graph.. Let's see if EUR can break a couple of fib resist and finally reach 1.35 again.?

Umbrella

not sure whether up or down to come first. I would start building up my long positions below 1.57. lets see what happens at Jackson Hole on Friday.

Umbrella

RBA Governor reckons the aussie dollar is slightly over priced at the moment. I am going short when there is a chance. and the chance is when it is hugely over priced. e.g. above 1.08? anyway this is my thought.