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Wednesday, 06/29/2005 5:12:45 PM

Wednesday, June 29, 2005 5:12:45 PM

Post# of 918
EUR/USD sees a 1.2113 HOD after breaking that key 1.2080 and putting in some large reversal candles, 1.2020 looks like its gonna be hard to get thru, and there is shorterm support 1.2060 and 1.2045, on top of that greenspan speaking tomorrow and i think market has already priced in +25 bp and continued hawkishness(or atleast greenspan has got the market believing that) so any sign of dovishness from the fed will be USD negative, bonds sold off today as 10yr traded over 400 bp earlier indicating traders preparing for this relatively determined fed, could we get a blink and a pause next meeting? even if we do will the EU and UK follow suite making the relative USD weakness play in EUR/USD moot, who knowsss, lol

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