Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (10701)	8/26/2008 8:19:33 AM
From: RockyBalboa	Respond to of 71456

Bad habits, prolonged: EUR/USD: The collapse is here Tue, Aug 26 2008, 10:38 GMT fxstreet.com FXstreet.com (Barcelona) - The EUR/USD has collapsed over 100 pips its lowest close in last 6 months at 1.4581 after the release of the German Ifo data that was worse than expectations. (Actual 94.8 vs Forecast). The data suggests that the Euro-zone would deteriorate into a full-scale slump. or We may see the ECB's surprise cut next week. Technically speaking, immediate support was seen at 1.4581. Although CCI positive divergence is seen, bearish momentum is quite strong. If the pair breaks the current support, 1.4530/40 and 1.4430 would be considered. On the other had, if the pair gets a good support from here, 1.4660/70 and 1.4700 might b seen in the later sessions.