Sell Eur/Usd

[forexhr]

Strong Euro north advance from the beginnig of this year imply that there is a good possibility for the Euro to close near its highs in January. Daily/weekly charts are bullish, so the north is on.

[pelle64]

Lets see what happens Old Wolfe and his waves aint that bad

[Noor]

Hello everyone...

Political uncertainties are making trading very hard for now,,

I currently can see a containment zone at 1.2235<>1.2210 with stops at 1.2285 for a decline through 1.2160<>1.2140 to challenge/break 1.2100 for a further south continuance through 1.2075<>1.2060<>1.2035,,

Current price at 1.2245...

I am not trading for now... but it will be interesting to see how the price will react withing that containment zone,,

[FXGenius]

Noor which political uncertainties are you talking about?

[Noor]

What concerns me for now is the Central Bank of Iran shifting funds to East Asia to protect assets,, which has something to do with Iran nuclear program...

The news that came on Iran planning to reduce their oil production in April has lifted oil prices within $68,, But I don't see that as a big threat that might get our stoploss at 1.2285 hit... I am concerned about the funds shifting...

[FXGenius]

Hmm, but I don't find it as a major factor, because this time, as opposed to Iraq war, Iran nuclear program is opposed by many European countries as well and Iran is, wisely cooperating with international agencies.

[Noor]

Gold has lifted up reaching a 25 years high on Friday trade... as well as Oil prices lifting to within $68...

Now when looking at Euro/Usd,,Usd/Chf charts... we had Euro/Usd moving south on friday trade below older lows while Usd/Chf not reaching it's day before 1.2890 high,,

I am translating that to political uncertainties with Iran since Usd/Chf gets effected more by gold...

This is my point of view on the Market currently and I could be wrong...

[comingback]

Noor, you need to be more flexible mate. If the thing is going up, just trade it long. It isn't going to go down because Iris or you want it to. I have been saying the eurusd decline is over for now. 1.1640 is the bottom and you should think about buying whenever it goes down enough and forget this 'south is on' stuff. Trade what you see, not what you wish. being loyal to an idea is good in many ways, but not in trading. I am bullish eurusd now, but if I see anything at all to suggest that I shouldn't be, I will change my view in a heart beat. It seems that is what you need to do.