Category Archives: Euro

Nice rally in Euro, but will it last?

Posted on October 29, 2008 by Ramki

Yesterday we looked for Euro to run higher to around 1.2940, and we have come a good distance already. Today we have the FOMC rate decision at 2.15pm NY Time. If you have a good broker, then leave sell orders at 1.2935 with a stop at 1.2950. (There is a minor resistance at Continue reading →

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EURO could trigger a round of short covering

Posted on October 28, 2008 by Ramki

It looks like short-covering is a bit overdue in EUR/USD. Any fast break above the triple top at 1.2585 should easily take us to the mid 1.27s. But the fun will start up there. Stops will really kick in if the Euro breaks above 1.2750 by more than a few points. Continue reading →

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EURO recovery is only temporary

Posted on October 9, 2008 by Ramki

We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been … Continue reading →

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EURO recovery is only temporary

Posted on October 9, 2008 by Ramki

We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing … Continue reading →

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EURO remains vulnerable

Posted on October 6, 2008 by Ramki

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met. Until we get there, it will be easier and more profitable to trade from the short side. When we reach … Continue reading →

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EURO remains vulnerable

Posted on October 6, 2008 by Ramki

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met. Until we get there, it will be easier and more profitable to trade from the short side. When we reach … Continue reading →

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