The low so far has been 1.3210 and we are currently at 1.3220 – NOW at 1.3192 !!
Asian Central Banks rumoured to be on the bid here
Meanwhile bids in AUD/USD in the 50′s also holding AUD as we trade 0.9860/61 (low at 56)
19 Responses to “Orders 1.3200/20 seem to be holding a precarious EUR/USD so far – whoops, spoke too soon !”
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
AUTOREFRESH 
AU seems to be holding up much better. The EU pressure still seems pretty directional.
3rd friday of the month last of the year
1.3186 now…. and it’s London fixing for weekend. We probably will see a bounce and leave breaking 1.3160 for another day.
Au is the worst currency to short, I am losing patience with this always lagging behind
Below 1.3163, and we should see it 1.2967…
oh yeah…AU is the worst currency to short because you have to pay like 3 pip of swap fee everyday.
1.3163 now….. I think it;s just a spike for today. Good for a quick scalp-bounce-long.
lets see if 1.3105 will hold on the sharp reversal this afternoon
Eur/usd about to head into the abyss…….lots of fear out there over the wknd…..the korean issue is really getting serious so I hear! Flight to safety!
1.3105 is 200d MA
lets take it done to 1.29 guys the flood gates have opened
man usd/cads on fire now just sold my long few minutes ago, now its going up,,,,,,,,,,,,,,,,,,,,,,,,bugger
Mark Haines on cnbc just said “We don’t need no stinkin’ tax.” Jamie I think you started something
I shared this yesterday; just my humble opinion. Yes 200 MA could act as a nice support.
Yesterday: http://img257.imageshack.us/f/20101214eu4htrend.png/
Today: http://img3.imageshack.us/f/20101217eu4htrend.png/
Jahed u have the same trades as me i am long USD/CAD also holding for higher TP
yaseer yeh i had long from1,005 but sold at 1,0095 should have held on, also had eur/usd today from 1,3348 but sold at 1,2210 also had gbp from 1,6615 but sold at 1,6515 should have held on man, holding short eur/jpy, and aud/usd which is frustrating me, golds of $10 from high but this bugger dosent want to move,
What do you think about the AUD/NZD, still go higher?
Dan I am not a regular player of the cross but short term I think it may remain firm; if in the New Year we start to see pressure on commodities and then the AUD, I am looking for a readjustment in the AUD/USD and then the AUD/NZD should come off a bit into the mid-high 1.20s tho’ that’s a bigger picture view
BTW, I have no positions on E/U [Staying away because of all the current issues...]. So it was unbiased…
1.5192?