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currencia · 16-01-2003, 00:25

"USD moving back down" ?? what does that mean? I think I know what U mean, but the lingo is confusing. U mean USD gets stronger, right?
Always good to specify a complete pair and say north or south, long or short of the identified pair.

Yes, I personally think USD may show a sign of strength here, ie.. euro usd appears weak and has pegged out at a 1.618 north extension. 1.0550 is pivotal and 1.0500 confirmational of south.

I short eurousd from 1.0590 with enough closed out profit already taken to cover my present stop loss which sits at 1.0655.

Hope this helps.

16-01-2003, 00:25	#2
currencia level 3 Join Date: Aug 2002 Posts: 1,000 Downloads: 0 Uploads: 0 Rep Power: 0	USD "USD moving back down" ?? what does that mean? I think I know what U mean, but the lingo is confusing. U mean USD gets stronger, right? Always good to specify a complete pair and say north or south, long or short of the identified pair. Yes, I personally think USD may show a sign of strength here, ie.. euro usd appears weak and has pegged out at a 1.618 north extension. 1.0550 is pivotal and 1.0500 confirmational of south. I short eurousd from 1.0590 with enough closed out profit already taken to cover my present stop loss which sits at 1.0655. Hope this helps.