EUR/USD dipped down to 1.3147, where it promptly ran into Asian sovereign buying in the form of the Bank of Korea. We’re presently back up at 1.3155.
20 Responses to “EUR/USD dips early, runs into Asian sovereign”
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AUTOREFRESH 
Where have all those Euro bears gone, those that told us that the next stop would be parity with the Dollar. Could it be that next stop is $2.00 to the Euro?
hybernating
Hey, it’s only fair!
Chris: EURUSD = 2 will happen over the next decade but certainly not in the near future.
Morning Everyone! Euro is at the 200 EMA n daily chart. What do you think, could it break above it towards to the fib 50% (1.35)
when is the US fed going to do something?
when d dollar drowns?
Hi! My current fair price is 1.34-1.37 so I’d say yes; especially if the Fed starts up the money machine the coming week. It would be a flight to quality (from the USD)
Hey Johan, which Euro ? EuroMark or EuroDrachma ?
(do you think there will still only be one in 10 years time – more likely ten different Euros) 
General Technical Question : Anybody know if on the OANDA platform you can partially close an open trade like you can on FXCM TS2 – thx for any advice on how to
Nick Yes you can do that on Oanda. If I remember right if you have for example 200,000 units long and you want to close part of the position lets say 50,000 all you do is sell 50,000 units and you will end up with 150,000 units, thereby partially closing part of your position. HOWEVER if you have multiple positions of lets say 10 trades equaling 200,000 units and you want to close partial and you use the above method you will close trades based on fifo (first in first out) so you should calculate exactly what you want to close in this instance
Johan I agree, it is when not if. The real problem will come for the Dollar is if it loses its status as the world reserve currency. Clearly the Euro is a contender for that status. However it does need to develop a better track record.
Hey Chris dream on! you have a short memory!
Thx George C, if I understand you correctly then by implication, you cant have both Buy and Sell trades open at the same time in the same pair in Oanda (unlike on FXCM ) because a sell market order on Oanda will close (if possible) part of any open buy first as opposed to creating a new independent open sell position
Nick: I certainly write about the Euro-mark in my market wraps! I am not at all worried about 10 different euros, but I am worried about USD-TP
Chris: I agree but regarding the track record: the euro still risk correleted but then also have a look how much the euro has “appreciated” vs. the USD over the last ten years even after the recent drop (well, we all know it is a race to the bottom when it comes to real value these days).
I believe the Euro will break the 1.3450, reach the 1.3550 and then fall.
The US confederation, 10 years after it was created, had it doubts about it’s stability, just as the Eurozone.
Perhaps, but the hedge funds were less nasty back then…
Point Add for Jamie… and maybe even thought about the litttle guy and had a conscious. LOL
why is it so many have the opinion it will go up first and then fall ??? based on what?
You asking me N? The topping pattern, converging sma’s, fibo do your own home work!
Wasnt asking you Hart, i do my own homework, and execute my own homework.
What i was find ing strange was how there is a lot of predictions of where price is going and where it might go after that, who cares does that make money, if it carrys on past 1.3500 carry on buying, im sure you can see what im getting at.
usd/jpy n watch that. That’s the key over the next 4-8 hours. The euro is not a good buy or sell at these levels. Trade another pair or trade eur/jpy.