Comments on: EUR/USD takes out 1.3700

By: Sean Lee

Sean Lee — Fri, 05 Feb 2010 02:07:14 +0000

No I don’t think so- the statement was out for a short time before the mkt took on the EUR barriers

By: mechtech63

mechtech63 — Fri, 05 Feb 2010 01:53:10 +0000

Did the AUD RBA monatary policy statement have anything to do with this? Triggered same time they were making the announcment. 7:30 US EST.

By: jobber

jobber — Fri, 05 Feb 2010 01:32:03 +0000

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7159456/Fears-of-Lehman-style-tsunami-as-crisis-hits-Spain-and-Portugal.html

By: Zeke

Zeke — Fri, 05 Feb 2010 01:30:47 +0000

I’d say it depends on the rest of your short USD exposure on other pairs. But what the heck do I know!?

By: Sean Lee

Sean Lee — Fri, 05 Feb 2010 01:25:30 +0000

I am not sre at all my friend. I am still holding a small long position from much higher and I’m not sure if I should simply cut it and take my loss or if I should add to the position and try and trade my way out. There’s not much technical support on the downside until the 1.34 handle which is a long way away.

By: Observer

Observer — Fri, 05 Feb 2010 01:21:46 +0000

Are we seeing a further break to the downside then or is this going to be a false break and move back up to the low 1.370s

By: Sean Lee

Sean Lee — Fri, 05 Feb 2010 01:17:30 +0000

Yes Observer, option barriers at 13700 were taken out

By: jack

jack — Fri, 05 Feb 2010 01:11:42 +0000

i believe this is more than a consolidation….some bad new must have happened somewhere

By: Observer

Observer — Fri, 05 Feb 2010 01:09:09 +0000

Is it possible that sharp move down on the EUR/USD was a bit of stop hunting going on?

By: Tajul Akbar Bin Ismail

Tajul Akbar Bin Ismail — Fri, 05 Feb 2010 01:08:10 +0000

EURCHF & GBPCHF way down