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 Is USD losing the battle against EUR ?
 
 2/5/2007 9:29:32 AM
User is offlinebranden
5 posts


Is USD losing the battle against EUR ?
We are seeing that the trade is closing by Stop lose, GBP/USD falling short, profit is coming to 220 pips. A good start of the year to everybody! It’s a big question. Can an analyist express his views?
 2/5/2007 9:56:43 AM
User is offlineJon
4 posts


Re: Is USD losing the battle against EUR ?
Good day,

The fact this pair closed bellow 1.9550 is encouraging for a new tests of 1.9470-1.9440.
Though good news are coming from USA. ADP should always be studied from NFP before saying a bad situation in labour market, for the rest both ISM and Fed minutes are ok and Dollar cud strengthen a little bit more.
Now I have 70 points with SL at the time of writing. If 1.9470-1.9440 breaks today this position will be kept until daily Stochastics will turn up again for 2 days more.
 2/5/2007 10:37:47 AM
User is offlinecharlie
5 posts


Re: Is USD losing the battle against EUR ?
Average positions now: SOLD GBP USD @ 1.9531
SL 1.9493 TP (to trail) 1.9113

Nice trading day today!
So much for the ADP!
NFP revision for prior month is higher to 154 from 132, very solid numbers. NFP is 167K (100K expected). Possible 1.91 next target for 1-2 sessions.

Good luck to all Forex losers.
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