InvestIdeas

broke below 1.28 minutes ago.

tonylim wrote:broke below 1.28 minutes ago.

swee hor

Below1.28 again.

probably form another new low below 1.2983 in the next mins..

kennynah wrote:probably form another new low below 1.2983 in the next mins..

Going up now..

the trick to playing currencies is "fire power"... as long as one has sufficient funds to tahan the volatility, there is a high chance of winning in the long run... but it also means that one has to be more so than in other forms of investing, the ability to accept to a loss early on.

look into any currency chart in the recent years and you will see what i mean. the std deviation is more or less permutable. those who endlessly lose are usually those who bite a size too big and give very little room for drawndowns. once margin call happens to these people, they either surrender or cut loss only to see their price come back in a short while.

i know becos i have been through this stupidity once too often...

most of us maybe thinking eur at 1.28 could be the support n expect a rebound

I prefer to buck the obvious.. Fall some more?

THE BEAR MARKET IN PAPER MONEY CONTINUES

As we expected, the euro is taking a swan dive right now…

Regular readers know one of our top trading ideas for 2011 was to short the pan-European currency, the euro.

Europe has been heavily involved with socialism for decades. But as Margret Thatcher once warned, the problem with socialism and massive welfare spending is that eventually, you run out of other people's money.

Back in late August, we highlighted the euro's "compressed" state. This is a situation where an asset's day-to-day volatility gradually dries up and the highs and lows move closer together.

These low-volatility periods are often the calm before a storm. We expected to watch the euro's compression resolve itself to the downside… which it has in a major way.

As you can see from today's 18-month chart of the euro, the official currency of the world's largest economic zone is plunging.

The euro just broke a major support level to strike a multi-year low. This paper-money weakness is bullish for gold… and a continuation of The Greatest Currency Trade of the Millennium.


www.dailywealth.com

January Forex Effect — EURUSD headed to 1.0800 by PeterLBrandton

The January Forex Effect is one of the strongest seasonal tendencies in the commodity and forex markets.

If the January high is already in place in $EURUSD, the historical pattern would suggest a decline in the cross to $1.08.

http://peterlbrandt.com/january-forex-e ... to-1-0800/

i suspect that even if euro finds some interested buyers, they probably can't punch it up any higher than 1.29 within this week.
chances are, before this resistance mark, eur/usd will be thumbed down again and challenge the latest low of 1.2664