AUTOREFRESH 
EUR/USD: Sovereign bids reported 1.2830/40
By Sean Lee || July 20, 2010 at 22:36 GMT
|| 6 comments || Add comment
This is not in large size based on what I’m hearing, with interest by one Asian Sovereign player to buy about EUR250 million between 1.2830/40. One large proprietary player could take that interest out in one hit.
From a technical perspective, yesterday was an outside day for EUR/USD posting a fresh high and then a fresh low. Whilst not yet complete, if a daily top now forms at 1.3030 that will confirm to me that the 5-wave rally off 1.1880 is complete and we are then set for some retracement/consolidation. Some patience required but there could be a good trading opportunity emerging here.
hello Sean, you are say that Apple result after hours in your last article, plz can you give wthe source, or when i can got this news; i need source of whole fundamental and thnx
What complete idiot is buying eur/usd and keeping at its current levels. Eur/jpy is a flashing light of what is to come!
Hey Sean, So in your view EUR/USD 1.3030-1.3100 would be a good short area if giving the opportunity ?
thnx Sean i have see the link
Morning John. Wait a couple of days and if the market is unable to break back above 13030 then I’d look to sell as close to 130 as possible with a tightish stop, looking for 124 again
Morning Sean and All,
What do you think of the possible scenario that EURUSD is forming expanding triangle. No need to brief you but for the others – by Elliot Wave quite rare formation that should (in this case) resolve to up side and usually with a whimper (not substantial move). Nicely visible on 4hr. Count is doubtful to me thought! I may already completed for the last move up or still may have 2 more legs to go. Any thoughts?
Cheers