FOREX - Trends, Forecasts and Implications (Episode 19: September 2012) - page 127
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Margaret, urgently re-evaluate your views and all the information you possess. My friendly advice to you. Long term selling can be forgotten until January/February 2013...
Thanks for the friendly advice. Isn't it the same as last February when I was advised to close my buy due to the fact that the EUR would not go above 1.38?
The fact is that I don't strictly follow my expectations, I make my decision with an absolute coldness like "it reached the 31-st figure, but it doesn't show reversal... Well, the hell with it, I'll keep my buy...".
No, I don't think it's that kind of thing. I can't explain everything, but just think logically: 1. oil has held steady over the summer, gold too... and these two factors unambiguously already indicate a weakening of the dollar.Now the season is coming, winter is called... Oil, gas will go up + all sorts of other factors. I think you'll see what I mean...
For me these are just different factors. I already wrote last week from this pair out of purchases I will wait for my levels. A simple screen on which I will check the traded levels in the future.
"Tsetso from Bulgaria, Nivo-correction 1.2565 - 1.2505 If it will be 1.2865, if it will break-through we will see GEP close - 5-7.05 I personally will buy $ 1.306, DURING! Every position must be closed, the rest is speculation and I am not speculative! Our Vanga's dead, God forgive us! So don't be afraid of the techniques!"
yet i think Germany will leave the eurozone... Merkel is not talking or jumping... i think an exit plan is being worked out secretly, German bonds with negative yields are being bought back with gusto!!!!
Merkel will not jump in as she represents the interests of the Bundesbank lobby. And many countries have already announced exit plans. Finland, for example, is not happy to be a cash cow when Sweden is next door with a similar economy but its own currency, living comfortably.
The smartest thing the Icelanders did was to tell everyone to fuck off and refuse to pay their debts. Sooner or later, all eurozone countries will come to the same decision and that will be the end of it. Paying back such debts in this state of the economy is unrealistic. The problem is not the repayment of debts but the fact that servicing the debt, i.e. paying interest, is unrealistic for many countries in the eurozone because it is impossible to attract the same amount of investment for new debts. The bubble has burst.
the euve is working the inverted flag pattern on H1 today ...usually the move = flagpole length ...below is an example for comparison...
Happy Profit to all! Who has a ceiling on the euR?
At the moment the upside is 2951 and the downside is 2614.