AUTOREFRESH 
Dollar finds some friends
By Mark Mitchell || August 24, 2009 at 15:25 GMT
|| 5 comments || Add comment
The Dollar is finding some support in an otherwise lacklustre afternoon’s trading session. The lack of gains above 1.4340 in Eur/Usd has seen some weak longs jump ship, while Cable has tripped a few light stops on the break of 1.6440. 1.4295 should limit Eur/Usd losses, but a break below there would bring 1.4260 back into play.
EUR/USD is a “lost soul” to me…rather focus on “the music” in other pairs…there have been lots of good suggestions from, e.g. Mike M, Blackday…
Very true, saferanger. That’s the beauty of trading for yourself. You can switch to whatever pair or instrument you see fit. Most interbank traders are hemmed in by having to trade one currency pair.
Hey Mark, they are really poor fellas in that case…glad NOT to be bound…so: Can someone please unplug those damn algo-machines to stop buying EUR/USD and we can have a proper consolidation as for the sake of the traders of this pair!
i wish it would go back down below that bluddy 4270 cos im still short at 4268!! and its stopping me trading other pairs until i get out of this. hell id settle for 30 pips off it. hopefully be pushed down a bit in asia
Hey DC, I’m short too my target at 4250, I believe it’ll come back to that range, my charts on the 4h and 1h suggesting we have hit the top at around 4350, and will be retracing southwards. Although If I’m wrong this is just a minor retrace of a big bullish move and we’ll see 4400 this week.