I think it will go down

[johnsmith]

the eur/usd will go down

but the thing I dont know when

thats maybe today or after aday

[FXOjafar]

You can tell that from a naked chart?

[sibfox]

I not agree with you!

[sibfox]

Euro does the new maximums!

[sibfox]

+And percent rates of usa will not grow (do not forget this!)

[FXOjafar]

Looking at the USD index, it's sitting on a precipice, ready to plunge into the abyss. The last couple of weeks have been bad for the Greenback.

However, with Tsarkhozy (Sarkhozy ) making angry fists at the ECB for the Euro being so high, we will have to see if there will be any intervention by the ECB to bring the euro back down to sane levels, especially against the Yen. Intervention is the only way because I don't see the US$ going up anytime soon.

[acidguy]

i was really sharing your views about green currency.

dollar had the opportunity of breaking down down to 1.3595 but it didnt, 1 week trying to break down. 1.3650 but it couldnt nooo

now the payroll news has had a really negative impact on the greenback. another thing is many traders are obsessed with the idea of euro topping 1.40.
many are gonna support this view. first time i see this weird thing in forex.

i am inscribed to many trading signals newsletters and almost all coincided, euro was gonna top 1.39 even when it had go down about 100 pips down. from the fall from 1.3829 last week.

even when dollar was 1.3629 and many respected forecasters were sharing the views dollar was gonna gain value around 1.3595. the newsletter keep getting into my mail telling go long its gonna get to 1.38 again.

and bang, we have it now. weak us report data. and euro touching highs. 1.38 again. respected forecasters failed again.

oh, and september an ECB rate hike? dollar less attractive. euro getting powered.
political moves? i dont know.

[Resolve]

This topic is being updated for further discussions...

[Resolve]

This topic is being updated for further discussions...