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Too early to get bullish EUR

By   || February 9, 2010 at 17:16 GMT
|| 4 comments || Add comment

We expected a short-covering rally on a Greek bailout deal and are nearing important resistance where EUR bear can consider fresh shorts. The 1.3850 level looks like a solid area of resistance, backstopped by a trendline at 1.3856. A stop above 1.3900 and a profit toward 1.3600 looks like the way to play.

2-9 EUR2

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4 Responses to “Too early to get bullish EUR”

  1. Gabriel on February 9th, 2010 17:18 GMT

    Yes Jamie :D I’m waiting for the same level to short with great RR and I can tell there are some sellers in already.

  2. Zeke on February 9th, 2010 17:20 GMT

    Jamie’s like our trading floor manager. Once the exuberance kicks in he comes onto the floor, “O.k. people! Let’s not forget…” ;) That’s what separates this site from the others… Forexlive rocks.

  3. Bill on February 9th, 2010 17:47 GMT

    Short at 1.38311, booked profit at 1.37721 — not as grand as Jamie’s vision, but I’ll take a quick 60 pips or so any time. :)

  4. Rene on February 9th, 2010 18:13 GMT

    Short at 1.3855 closed at 1.3763 – Thank you Jamie! :)

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