Comments

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  Erick Chung Monday, 02 May 2011

  forgive me for playing devil's advocate here. In my humble opinion, I do believe the eur/usd is building towards a move lower.
  Technically I say this based on the ensuing 5th wave on the monthly chart.
  Fundamentally, an FOMC rate hike may not have have happened in the last FOMC decision, but we also have Osama dead. As inflation steadily increases in the US, dovish policy may begin to dissipate, and a long awaited rate hike may finally happen along with a hawkish outlook moving forward.
  Fundamentals may be the primary drive in the coming weeks.
  just my 2 cents

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  Yasir Mubarak Monday, 02 May 2011

  Hello my dear friend ,, glad to see you again and happy to read your comments
  You have a point in going lower, and perhaps this could be a correction for the recently non-stop upside action ... today in the intraday analysis the chart will show this possibility ,,
  but as long as its above 1.4730 i think it will go for more higher targets .. unless there's some profit gaining in somewhere
  about bin laden death , we didnt see that strong effect on market except on metals , while currencies got shocked in the first moment but then gained strength again ...
  lets watch the next movements together and i'll be happy if you shared us your opinion always
  Regards

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