EUR/USD back above 1.2800, presently at 1.2805. Getting reports system funds seen buying in recent trade. We’re not getting very far this morning, are we? Only another 4 hours to go before home time. 4 hours!!! 
16 Responses to “And up and down and up again….”
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AUTOREFRESH 
Famous analyst said : Popular toy consisting of a length of string tied at one end to a flat spool .
I like yoyos. Unfortunately I never did master that around the world thing
Hi Gerry, no news from Noda, does he stop to watch?
No he is not watching now…. he just listening from dealers….
It seams to come from an antic philippine rap language “come-come”, exactly what I say to my charts actually ..
Ursus:Probably I he stopped to watch susupect that they will be determined to intervene when he speaks next time
hi good day gerry- look like crucial techniccle slope line break in eur/gbp soit may goo for long term..
Euros? My 3 year old nephew on a french holiday christened them ‘yoyos’.
#tears of pride in my eyes#….
maybe y’are right Think 83,50 could be that level?
1.2580 or 1.3300, which one is more possible?
Is eur/usd 1.285 chinese great wall still valid today ?
Hi Ozgur, I would say if EUR manages to break 1.29, then it could go above 1.30 but maybe not to 1.33 soon.
Trading range could switch from 1.25 – 1.29 to 1.27 – 1.31
Much probably will depend on US data, but also ECB later today could trigger some move up or down we shall see…
Hi Ursus, can’t say I’ve heard anything. Maybe he’s gotten tired of spouting same old line……I know I’d be getting a touch embarassed. But then I’m such a sensitive soul
Thanks Gerry, do you have any idea about intervention?
Criminally Expensive’ Yen : there will be blood bath soon?
http://www.bloomberg.com/news/2010-09-01/-criminally-expensive-yen-needs-central-bank-s-help-standard-life-says.html
I’ll stick with my long held opinion that I don’t see intervention anytime soon. I’m a “it’s all about the speed of the drop rather than the particular level” sort of chap. kinda goes against the majority opinion, which seems to be expecting the japanese authorites to act very soon. we’ll see in the fullness of time I guess.
thanks Gerry