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Re: jbog post# 85082

Wednesday, 10/14/2009 7:55:30 PM

Wednesday, October 14, 2009 7:55:30 PM

Post# of 257257
Technically the EURUSD may have a reversal in the next few days. It got to 1.4950 area today. I'm contemplating putting on some long dollar positons in the next day or 2 - likely goign into the weekend. 1.4630 area shuld be support so I think you can make 300 pips in a week or so as it consolidates the move.

I wouldnt be suprised if we see some hard talk out of Europe as the EUR gets to the 1.50 area - this is killing their exports.

Japan can't rally with the rest of the world because of the strong Yen - I would be shocked if there's not atleast some concerted talking up of dollars and maybe some direct intervention if that doesn't work.

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