EUR/USD [FX] - MarketTicker Forums


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User Info	EUR/USD in forum [FX]
Arpwatch Posts: 3049 Incept: 2009-11-06	Just a casual observation but the EUR/USD dipped in the middle of Jan,Feb,Mar and then bounced back. It looks kind of like what you would call a head and shoulders. In April this bounce didn't occur. Anyone know what causes these dips? 2012-05-04 12:02:14 Permalink
Ramthebulls Posts: 10842 Incept: 2007-09-24 Queens, NY	Normally EUR/USD goes down when economic conditions in Europe weaken and/or the /ES falls. Euro trading has made no sense for the last four weeks or so though. No rhyme or reason whatsoever. However, a break under 1.30 will cause it to plunge rapidly ... it is the bottom of a long running range. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2012-05-04 12:20:46 Permalink
Arpwatch Posts: 3049 Incept: 2009-11-06	It is right there on the line today. I wouldn't mind a plunge... 2012-05-04 13:29:33 Permalink
Steph4liberty Posts: 1676 Incept: 2010-10-22 Raleigh, NC	Me too Arp! ---------- "Man will never be free until the last Banker is strangled with the entrails of the last Politician" - unknown "This isn't a market anymore, it's a computer game." - Drench 2012-05-04 13:33:08 Permalink
Arpwatch Posts: 3049 Incept: 2009-11-06	Well the 1 month chart has a nice downward slope to it. I wonder if it will bounce back in the middle of the month like it did in Jan/Feb/Mar or continue down? 2012-05-10 11:14:29 Permalink
Ramthebulls Posts: 10842 Incept: 2007-09-24 Queens, NY	GBP has to break for EUR to really go. EUR/GBP is getting WAY overstretched to the downside. GBP is the kingpin keeping Europe from totally blowing chunks right now. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2012-05-10 11:16:48 Permalink