eur/usd 1.2250 break

[0FXTrader0]

Any one agree if eur breaks 1.2250 we will rally up to 1.2350 today.

Euro has not seen any strength likes this for weeks. Most seem to be euro bull or are there any bears left on the fourm.

 

[cecja]

Any one agree if eur breaks 1.2250 we will rally up to 1.2350 today.

Euro has not seen any strength likes this for weeks. Most seem to be euro bull or are there any bears left on the fourm.

If you draw trend lines on the daily charts thenyou are right that 250 will be a breakout, however i should say that the high price on Reuters for the last two weeks has been 260 so maybe 270 will not be passed.

 

[Texas_Hedge]

Any one agree if eur breaks 1.2250 we will rally up to 1.2350 today.

Euro has not seen any strength likes this for weeks. Most seem to be euro bull or are there any bears left on the fourm.

Well that all depends on whether Banks, Governments, Importers or Exporters feel the need to continue buying the Euro.

 

[0FXTrader0]

The news wires point to option expires at 1.2250 and that there are good offers before this figure ,price sold of aggressivly 10 ticks then push back up 15 ticks not so long ago. What size would get the market doing that, $1billion ?

 

[Texas_Hedge]

This may help. BUT IS NOT A CALL.

It is being considered that, at present levels, the Dollar is of good value.

 

[0FXTrader0]

I think if there is a break it will be of good size. But price is at the top of this consolidation area and could grind lower. I am waiting for today figures and weather price ralleys againts good us economic news.

 

[0FXTrader0]

Must be a big option hit 1.2249 i am sure we will come back and hit through 50

 

[Texas_Hedge]

Did you not read my last message (message 5) above?

 

[0FXTrader0]

yes i did

i am not married to a short postion at 1.2174. and observe the fundamentals and that the technical level to break is 1.2250+

 

[Texas_Hedge]

Good luck

 

[Texas_Hedge]

yes i did

i am not married to a short postion at 1.2174. and observe the fundamentals and that the technical level to break is 1.2250+

What's this married to a short at 1.2174 all about????

 

[Texas_Hedge]

yes i did

i am not married to a short postion at 1.2174. and observe the fundamentals and that the technical level to break is 1.2250+

OH I see. You are referring to the Profile picture from 22/07/05 ( I have not removed yet)

This was a market call at 10:27 a week last Friday. This is the only short of 1.2174 I have traded. It was closed on the same day for a very handsome profit I might add.

 

[0FXTrader0]

Ok

Are you still dollar bullish.

 

[Texas_Hedge]

Ok

Are you still dollar bullish.

I have been long the Dollar today, from 13:35 (1/08/05). All daily positions now closed...(For 01/08/05)