[Archive] FOREX - Trends, Forecasts and Consequences (Episode 15: May 2012) - page 220
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Oh, my God! That's why I said you should watch TV 24 hours a day when you're trading!
Spain's downgrade is almost a default!
Perhaps you could describe the rational behaviour of a trader on this not-so-easy day?
And at the moment bored as the Eurodollar is flat before the Asian session starts....
If you want to read my posts from page 217 in the meantime.... Plenty of time!
;-)
Actually there will be a default in Europe when the euro is at 1.6 and above.
It is still a long way off. But I do not rule out such a rise. Why not?
But at the moment there is more talk about the collapse of the EU....
Sorry, where did that figure come from?
I see a direct target on the weekly chart of 1.21332 and there is almost nothing to stop it anymore! Just some news....
And the immediate target is still unclear.... If we bounce up, it will be 1.25200 +/-, and if we bounce down, it will be 1.244 - 1.245
You can see it in the channel on my chart from page 217.
...actually for the starting point the Murray level was taken - 1/8 2370, and refined by history at 4 o'clock ...but ...it will still be 2390 ...there are no unlimited price declines ... even emergency declines are rationed...first target for the eu today is 2451...
...actually the starting point is taken as 1/8 2370, and refined by history at 4 o'clock...but...it will still be 2390...there are no unlimited drops in price...
Of course there are no unlimited declines The level of 1.21332 is very strong! But this target is realistic.
Don't know anything about it, don't believe in electricity and the golden ratio, but I will assume a consolidation of 1.257-1.262.
Two Jews talking:
"Abram, do you like the way my Sarah dresses?"
"Oh, yes, so fast!"