Comments on: EUR: Let the consolidation begin https://fxww.com/eur-let-the-consolidation-begin/ The Professional Source Mon, 04 Feb 2013 21:43:11 +0000 hourly 1 By: Anthony https://fxww.com/eur-let-the-consolidation-begin/#comment-15651 Mon, 04 Feb 2013 21:43:11 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15651 Thanks Sean. Wow. That many big figures in a few months? Now that would be a decent size “Yen catch up” move. If only I had the discipline, patience, and staying power to hold on for such a move. 🙂 I’m wondering how much of a speed bump this latest EUR negative sentiment will carry on. It seems, at the moment, to be a pretty serious setback to EUR bulls. But as we all know, sharp sentiment reversals can be reversed right back again.

]]> By: Sean Lee https://fxww.com/eur-let-the-consolidation-begin/#comment-15650 Mon, 04 Feb 2013 21:38:17 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15650 Jasper, not sure on your trading style, but I think if you’re s/t in nature, you can have tightish stop below 12240ish. Then look and see how it develops from there? I tend to take longer term views but if EUR/JPY starts crashing and EUR/CHF falls below 12240 then I will likely reduce position size which makes me then less inclined to panic

]]> By: Sean Lee https://fxww.com/eur-let-the-consolidation-begin/#comment-15649 Mon, 04 Feb 2013 21:36:18 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15649 Hi Anthony, I expect the CHF to play catch up with the Yen and the next EUR/CHF leg higher to be driven by USD/CHF this time. Timing is of course the only thing that matters, but I can see USD/CHF back at 1.00 and EUR/CHF at 1.35 in next few months.

]]> By: JasperD https://fxww.com/eur-let-the-consolidation-begin/#comment-15647 Mon, 04 Feb 2013 21:19:11 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15647 Hi Sean,
I’m actually taking your view too for the moment. 🙂 Just wondering when would be the time to bail out. Say EURCHF 1.22?

]]> By: Anthony https://fxww.com/eur-let-the-consolidation-begin/#comment-15646 Mon, 04 Feb 2013 21:11:26 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15646 Hi Sean,

Like you, I am now long EUR/CHF. How big of a move are you seeing/targeting and in what time period?

I know you were pretty bearish CHF, but does this latest EUR weakness change that for you?

]]> By: Sean Lee https://fxww.com/eur-let-the-consolidation-begin/#comment-15645 Mon, 04 Feb 2013 20:57:54 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15645 I’ve got a different take Jasper, I think this is the dip in EUR/CHF that we should be buying and I rebought last night at 12275. I’m hoping that EUR/USD now consolidates 134/137 and that USD/CHF starts to rise. Wishful thinking perhaps, but if I don’t talk up my positions then no-one will 🙂

]]> By: JasperD https://fxww.com/eur-let-the-consolidation-begin/#comment-15644 Mon, 04 Feb 2013 20:51:10 +0000 http://fxww.dreamhosters.com/?p=5169#comment-15644 Morning Sean! What do you think of USDCHF now? With EURCHF seemingly to fall towards 1.20, isn’t it better to sell EURUSD?

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