I'm astonished that the pullback never came... Well, less so after QE v.376 was announced... Thru 1.2650, 1.27, 1.28, 1.29 and now 1.30 - heading up to 1.31 I expect... Perfect storm for a smashdown of the US$... and debut of the Yuan as Global reserve currency concept saviour if ever I saw one...
ECB is not printing and has not been for a while now. This high Euro is not welcome though... time to push one of the piigs closer to the edge. wobble wobble
I SL'd out on 2 eurusd longs last night - by 4 pips-ish - they were only for $50 each - so I got a bit pi$$ed off and turned off my puter. I'd forgotten that the one highly leveraged $20 trade with a slightly lower SL - well, I knew, but i just blanked it - was still active. So I went away, popped an oxycontin (just had knee surgery) and played a few games on my iPad... i thought I'd check on eurusd before I went to bed around midnight... and lo & behold... the Euro had gone ballistic again. One earlier trade set to TP sailed thru 1.3020 and closed itself at a respectable profit, all good - but the one I'd totally forgotten about... went up to 1.3120! Result - $178 profit (effectively 187.5% because it was $20 @ 400% leverage) That's NOT how to do forex lol! ps - If you believe that the ECB isn't receiving the same USD liquidity (as the US is) directly from the US Fed then I'll have some of what you're smokin' - money printing doesn't have to be in Euros... that was one of the under-the-counter demands that Merkel insisted upon for Germany to remain in the ESM.
