Orders 1.3200/20 seem to be holding a precarious EUR/USD so far – whoops, spoke too soon !

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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)




David Horton


  1. AU seems to be holding up much better. The EU pressure still seems pretty directional.

  2. 3rd friday of the month last of the year

  3. 1.3186 now…. and it’s London fixing for weekend. We probably will see a bounce and leave breaking 1.3160 for another day.

  4. Au is the worst currency to short, I am losing patience with this always lagging behind

  5. Below 1.3163, and we should see it 1.2967…

  6. 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.

  7. lets see if 1.3105 will hold on the sharp reversal this afternoon

  8. 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!

  9. 1.3105 is 200d MA

  10. lets take it done to 1.29 guys the flood gates have opened

  11. man usd/cads on fire now just sold my long few minutes ago, now its going up,,,,,,,,,,,,,,,,,,,,,,,,bugger

  12. Mark Haines on cnbc just said “We don’t need no stinkin’ tax.” Jamie I think you started something

  13. 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/

  14. Jahed u have the same trades as me i am long USD/CAD also holding for higher TP

  15. 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,

  16. What do you think about the AUD/NZD, still go higher?

  17. 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

  18. BTW, I have no positions on E/U [Staying away because of all the current issues...]. So it was unbiased…


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