Comments on: EUR/GBP: Much more likely to fall in medium/long term https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/ The Professional Source Fri, 14 Jun 2013 06:16:38 +0000 hourly 1 By: Papillon https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23077 Fri, 14 Jun 2013 06:16:38 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23077 In reply to Sean Lee.

Thanks Sean. You give me good trading prospects for today. Moreover it’s Friday 😉

]]> By: Sean Lee https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23075 Fri, 14 Jun 2013 06:01:58 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23075 Plus have a look at AUD/JPY chart https://www.tradingview.com/x/ATBTW4Xi/ if 90.00 support holds then load up with tight stop for slingshot move higher 🙂

]]> By: Sean Lee https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23074 Fri, 14 Jun 2013 05:58:08 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23074 Sounds like a good plan Papillon, nice cheap trade as well; good luck. Been long week, I’m tired, going to have early night I think

]]> By: Papillon https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23071 Fri, 14 Jun 2013 05:39:24 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23071 Good evening Sean,

Thanks for the reply (GBP/USD trade idea), I will jump in.

In relation to this post, let’s go for a trade proposition on EUR/GBP. We have trendline (see chart) from 0.8400 (4H), if we break it at .8470, we could play the re-test of this point. If it holds then sell with tight stop above .8510.

http://img69.imageshack.us/img69/4308/m461.jpg

What do you think with that ?

]]> By: Sean Lee https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23067 Fri, 14 Jun 2013 05:13:44 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23067 Yes Jasper, I’d say .75 is close to fair.
Yes of course SNB could change the game by printing just like Fed and the rest. Let’s hope they stay sensible

]]> By: JasperD https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23064 Fri, 14 Jun 2013 04:39:06 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23064 Hi Sean, where do you see the “fair value” of EURGBP longer term, if there’s such a thing in fx? Closer to 0.75? (EURUSD=1.2 and GBPUSD=1.6)

]]> By: JasperD https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23063 Fri, 14 Jun 2013 04:25:58 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23063 Hi Sean, even there’s a tsunami of money coming into CHF, SNB could always print unlimited amount of their money with a mouse click, right? Sorry if that’s naive; I’m not an economist…

]]> By: Sean Lee https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23062 Fri, 14 Jun 2013 04:12:54 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23062 Not abandon, be forced to lower due to weight of selling! 100% of all attempts that I’ve ever seen by CBs to form a floor or roof have eventually failed.

]]> By: JasperD https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23061 Fri, 14 Jun 2013 04:10:28 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23061 Hi Sean! So he’s expecting the SNB to abondon the floor? Why? Very curious to learn about his thinking.

]]> By: fxgai https://fxww.com/eurgbp-much-more-likely-to-fall-in-mediumlong-term/#comment-23059 Fri, 14 Jun 2013 03:59:02 +0000 http://381c099c8f.nxcli.net/?p=8577#comment-23059 then again I reckon the Europeans will keep papering over the cracks!

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