EUR crosses/EUR/USD

EUR ignores the bad news, rallies on the good news

The EUR crosses went on a bit of a rampage overnight yet again, with EUR/GBP, EUR/AUD and EUR/JPY leading the way. It looks like my anticipated consolidation period in these crosses is over almost before it started. The market NEEDS to buy EUR, rather than wanting to buy EUR, a big difference indeed.

Let’s see if we can find some trading opportunities today. Good luck.

  1. Sean.. I can’t believe i failed this short entry in eur jpy just ‘cuz i had my drawn line a bit upper passing by 121.38 *sniffsniff* was waiting all day for this moment and i feel like it won’t comeback lol

    My drawn lines were identical to what you showed on your Fx Street comments

    I’m not convinced about this rally.. thats the main reason i wanted to go short there..Also SP500 pretty topped around 1500

    I won’t chase it anyway.. will look for further opportunities

  2. Sean – big break on EURAUD through 1.28 lvl. On the weekly charts you can plot resis line now breaking from May 2010 and Aug 2011 –

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