~ஜ۩۞۩ஜ~Senyor™~ஜ۩۞۩ஜ~
EURUSD PRICE RISK August 2012 Trading Plan
as of Aug 8 Target is 1.2457
Tipping point of EURUSD
Sell until 1.2300 then reverse position and Buy until 1.2525 then scale to 1.2690 up to 1.3000
Risk is tolerable and Logic of uptrend is highly probable
The strongest resistance was the 1.2144 were news remarks on Bernanke and Draghi coincidentally (strategically) released. Notice even positive news on US economy did not break the price level + unpredictable geopolitics or Eurozone kept everyone stuck to the bail out, refinancing, buyback of debts by ECB.
The move of Draghi and Bankers in Europe to delay and buy time is to make the Euro strong as anticipation seduces more returns when it happens.
Once the ECB initiates the programs, Euro shall pullback to the 1.3 - 1.24 price range. Rate cut and buy back of debts shall trigger people to sell euro and flight to usd jpy and aud.
In addition European banks, BNP, Goldman, etc... have long positions at 1.21 level.
Australia, Japan, US(China) must devalue to stabilize trade and allocation of wealth.
Be it business, speculation, or resource allocation
Micro Eco indicators only corrects the uptrend, minimal impact at most 200 points to swing spike then retraces to it's point of origin and crawls up. A swan dive of the pair happens during Asian Market opens (Japan Australia market), mainly companies buy dollars to purchase industrial machines in other countries for operation. New York London in summary both Capital Markets drive the pair upwards.
Average price of EURUSD shall float between 1.2500 and 1.3200 +-125 points
Otherwise job rate slows down or decreases and Export products of major countries shall be too expensive for Asians to consume.
Rate cuts, repurchase program of governments to buy back bonds only adds liquidity in the market. Wealth is only transferred from one account to another.
As of Now Aug 7, 2012 Tuesday @ 1.2395
Sell Side 1.2144 Target Risk 250 points
Buy Side 1.3000 Target Reward 855 points
FOR NOW UNTIL YEAR END 2012 Buy Euro!
EURUSD PRICE RISK August 2012 Trading Plan
as of Aug 8 Target is 1.2457
Tipping point of EURUSD
Sell until 1.2300 then reverse position and Buy until 1.2525 then scale to 1.2690 up to 1.3000
Risk is tolerable and Logic of uptrend is highly probable
The strongest resistance was the 1.2144 were news remarks on Bernanke and Draghi coincidentally (strategically) released. Notice even positive news on US economy did not break the price level + unpredictable geopolitics or Eurozone kept everyone stuck to the bail out, refinancing, buyback of debts by ECB.
The move of Draghi and Bankers in Europe to delay and buy time is to make the Euro strong as anticipation seduces more returns when it happens.
Once the ECB initiates the programs, Euro shall pullback to the 1.3 - 1.24 price range. Rate cut and buy back of debts shall trigger people to sell euro and flight to usd jpy and aud.
In addition European banks, BNP, Goldman, etc... have long positions at 1.21 level.
Australia, Japan, US(China) must devalue to stabilize trade and allocation of wealth.
Be it business, speculation, or resource allocation
Micro Eco indicators only corrects the uptrend, minimal impact at most 200 points to swing spike then retraces to it's point of origin and crawls up. A swan dive of the pair happens during Asian Market opens (Japan Australia market), mainly companies buy dollars to purchase industrial machines in other countries for operation. New York London in summary both Capital Markets drive the pair upwards.
Average price of EURUSD shall float between 1.2500 and 1.3200 +-125 points
Otherwise job rate slows down or decreases and Export products of major countries shall be too expensive for Asians to consume.
Rate cuts, repurchase program of governments to buy back bonds only adds liquidity in the market. Wealth is only transferred from one account to another.
As of Now Aug 7, 2012 Tuesday @ 1.2395
Sell Side 1.2144 Target Risk 250 points
Buy Side 1.3000 Target Reward 855 points
FOR NOW UNTIL YEAR END 2012 Buy Euro!