We sit at 1.2245. Talk of decent sell orders gathered up at 1.2270/80, said to include funds, sovereign interest. Above there further stops seen through 1.2285.
14 Responses to “EUR/USD holding up; sell orders, stops noted”
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AUTOREFRESH 
the chart here http://followmarketrend.blogspot.com/2010/06/eur-usd-market-report-13062010.html
Nice work there, Mr Rounders
Thanks Sir!
My name is Carlos
AUDUSD remember last update http://bit.ly/azmYrL target underway
Tsting 0.86 area expect reversal between range 0.[8622,0.8695]
AUDCAD remeber target long term http://followmarketrend.blogspot.com/2010/06/audcad-remember-setup-mediumlong-term.html
Have a nice week. Thanks for feedback
thanks SIr.
I like to thought eurusd, gbpusd,audcad and audusd forex and indexes spx,ndx,dax and other.
Have a nice week thanks for your feedback sir.
AUDUSD
Testing 0.86 area. expect reversal between range 0.[8622,0.8695]
remember last update http://bit.ly/azmYrL target underway
Possible retracement levels on the pull back … 1.2203 / .21875 Alt. .2182 / .2164
I dont think EURUSD will fall anymore (for shorttime)… Looks like everyone is shorting while it is going up….. It will keep hitting everyones stoplosses till everyone stops selling it……
Hi Calos, my name is Roberto, is possible you contact my at: artfountains@aol.com, thanks.
This risk-on rally is completely short-term. What has changed from last week, the environment where Chinese + Middle Eastern sovereigns were diversifying AWAY from euros, the European banking system was being denied credit and the Dow Jones closed below 10000? So I’m selling more now – the medium-term is down. Come on market, stop me out!!!
If you mean “completely short-term” you mean the next couple of hours, I’m not so sure. My guess is some Asia Sovereigns are diversifying out of USD and in to EUR. But, yes, the market would like to test EUR/USD 1.2150 again sometime in the next couple of weeks. Good luck.
I reckon this morning is a great example of why trading the news is NOT advisable.
UK´s GDP is revised 1/3 down.
A major German newspaper reveals that Spain´s bailout may be in the works as we type.
A general strike is announced in Spain.
What do the relevant currencies do in response? Rally a few hundred pips in hours.
But all that was priced in Emilio !!…
He he, are you training to become a CNBC show host?
Ho! also forgot, the profit taking story..hahahaha