EURUSD - Trends, Forecasts and Implications (Part 2) - page 1413

 
IgorM:
the interesting thing is that the results will be known by the time the important news comes out ;)
What results? and to whom?
 
rensbit:
Looks like it's today, that's why there's such a lull http://ru.euronews.net/2011/01/17/euro-zone-rescue-fund-increase-under-debate/
They have already spoken and the eu has retreated down .... read the summary in the terminal from today at 16:13:07 domestic time
 
In the minutes, the market has become
 

the eurozone's troubled country bailout fund may soon be increased or reorganised. so keep going up?

 
I don't think ... What is the fund going to be raised from? Unless they print more money. And if they do, it's inflation. Inflation means downwards.
 
sezon:
I don't think ... What is the fund going to be raised from? Unless they print more money. And if they do, it's inflation. Inflation means downwards.

Down to 1.31, corrective moves upwards are possible and only then will the question of an upwards move up to 1.35 or 1.37.
 

Maybe we'll get to 1.3040.

 
Legeo:

Maybe we'll get to 1.3040.

1.32 may be close but without news we will not go any further
 
The news release just informs about continuation of the trend - at the moment it is flat on all timeframes and we should wait for a position on failure... But one more important factor is the daily trend which is going upwards now - it will go flat for two days and only then we will see the normal move downwards.
 
Here's the right stranger ... why guess .... it will be like .... one should have an option if the market goes this way and that way ... and don't get attached to predictions, neither your own nor anyone else's... cards, pendulums, dice, runes, coins - that's a trader's helper ... more useful ...