EUR/USD, EUR/JPY short covering heading into European open
By Sean Lee || February 9, 2010 at 04:32 GMT
|| 6 comments || Add comment
Well were still some 90 minutes away from the European open but the EUR/USD and the EUR crosses are on their session highs as some short covering seems to be the name of the game. Trailing stops are being reported above 1.3720 and starting again above 1.3760 in the EUR/USD and above 122.50 in EUR/JPY. Buying interest is reportedly heavy around 1.3580/95 in the EUR/USD but stops are also very heavy below 1.3550.

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Sean, I’ve been following this site for a while now and I’d like you to know that the info you put out helps shine some light on what I’m doing. Thanks for that.
Long E/U this morning so hoping some of those stops get triggered.
Good eye !
I expect to see EUR/USD to break out and heading to 1.34xx soon , since USD/CAD is stuck with a strong reverse Bearish Butterfly pattern ( 15 , 30 , 1H as well ) , the pair may be testing 1.0680 cor-relatively
Yikes, walk away from the PC and things jump. I’m going to walk away again and I want it to dive down and make me some money. I know it will happen.
Gartman letter out bullish commodity currencies
http://www.cnbc.com/id/15840232?video
=1408399120&play=1
its quite session till….. a bit move towards e/u 1.37, e/j 122.5, g/u 1.5620 lets see what european session do…..
Thanks John, nice to hear from you and good luck with the position.