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no idea. now if everyone thinks that QE3 is sure thing, then it'll reverse up. I see EURUSD sharply up now.alvian33 wrote:cobra, in your view, are the chances higher that we reverse to the upside? I know in last night report you mentioned 82% prob to go long last night, still thinking we can go higher today? thank you
It could be a just a reaction of relative strength of the US economy, weak economy=weak currencyCobra wrote:EURUSD sharply up, this could mean QE3 is in the card? The question is how the market reacts to QE3? 100% positive? I have my doubt.
I read many times in news in few sentences, there will QE3 but not visible as QE1 or QE2 with scheduled date. From now to Sept is more like testing the market and questionable when to interevine.Cobra wrote:no idea. now if everyone thinks that QE3 is sure thing, then it'll reverse up. I see EURUSD sharply up now.alvian33 wrote:cobra, in your view, are the chances higher that we reverse to the upside? I know in last night report you mentioned 82% prob to go long last night, still thinking we can go higher today? thank you
Cobra wrote:EURUSD sharply up, this could mean QE3 is in the card? The question is how the market reacts to QE3? 100% positive? I have my doubt.