[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 27

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In short, at 1.4150 you can safely put a sellstop.
 

Here we go:

2011.08.02 16:02:48 MARKET TALK: Reduce euro stocks - Coutts
Coutts advises to reduce its euro holdings for both structural and cyclical reasons. Recent economic data have been disappointing and the Greek aid package is unlikely to resolve all problems, say analysts at this bank. Conversely, Coutts still favours the US dollar among the four major currencies on the assumption that policymakers will try to avoid the financial disaster that would follow a US default.

 

Why timid means unsure.

At the moment the two strong levels are 4275 and 4411 and the less strong is 4350

 
That's where we're going to get a bumpy ride - 1.4275 is a strong resistance point...
 
forte928:
That's where we're going to get a little bumpy - 1.4275 is a strong resistance point...

1.4333 is the September contract.
 
Margaret! Do you know if there's a debt-security problem in Italy today... Have you heard? Some kind of emergency meeting is even being called...
 
forte928:
This is where we're going to get bumpy - 1.4275 is a strong resistance point...
And why not 1.4282 - this is a strong pivot point from November last year
 
Noterday:
Margaret! Do you know if there's a debt-security problem in Italy today... Have you heard? There's even some kind of emergency meeting...
there was a sale of Italian and Spanish government bonds today
 
margaret:
Why not 1.4282 - this is a strong pivot point from November last year

Margaret, if there is a pullback, which I think there will be, go long.
 
has earned 130 up... very worrisome forecast at 4300 at the top... miller beer is fresh today... :-)))
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