what do you see in the EURUSD

[lu-tenent]

Men, its been a while since the last time I opened a trade in the EURUSD, for some reason I think its about to make its move... where do you see the EURUSD going???

I appreciate your feedback!

[Raul Lopez]

Helo lu-tenent,

My personal views is the for the long term, the EURUSD is going to reach new highs, when? probably next month... but for the medium term, I see the EURUSD in a range. I made a post in our forex blog (http://straightforex.com/forex_blog/) about the EURUSD outlook (http://straightforex.com/forex_blog/2008/06/17/will-the-eurusd-sep-ranging/).

HTH

Regards,

RL

[Mypips]

The market has been highly vulnerable, and they prepare for another volatile session. Everybody is waiting for interest rates and the central bank decision in US. The trend seems to have struck the pivot and then rebounding down slowly. However, the weakness in the financial sector in the US is likely to keep the market under pressure and to pull the trend even deeper.

[TechMan]

The market it?s been in an uptrend the whole morning. The trend has broken with all the resistances for the day and has risen above the old ones in 1.46770. Now is expected to continue and hit another old resistance in 1.49576 during the rest of the day. As the government tries to inject more money and to buy the bad mortgage the dollar will keep getting worthless.

[TechMan]

The market it?s been in an uptrend the whole morning. The trend has broken with all the resistances for the day and has risen above the old ones in 1.46770. Now is expected to continue and hit another old resistance in 1.49576 during the rest of the day. As the government tries to inject more money and to buy the bad mortgage the dollar will keep getting worthless.

Crazy!! Everybody was expecting higher level but after I post yesterday the trend went in the other direction. Now is bouncing in the 23.6% level of the Fibonacci and it has created a new resistance in 1.4718 or close. Intraday trading early in the morning it has maintained between the pivot (1.46916) and the new resistance.

[24Angel]

After hitting the 1,3483 -the lowest since last year- the trend has turned and it?s expected to reach the 1,3700 at some point during the day.
We have to wait for the pending home sales are the only for today and the market reaction for interest rates reduction

[StxyLo]

I have a doubt
If Europeans banks are reducing interest rates and the effect of this issue are reflected in the long term. Should I take short positions or you think the USD/EUR is maintaining its uptrend?

[darkron]

well people, I agree with those who are supporting the idea that as far as the U.S. crisis goes on...the EUR/USD is going higher; plus all the turbulence behind the election comming up, we will see the dollar price for sure the going even lower.