Comments on: AUD/USD: Still no sign of any bounce https://fxww.com/audusd-still-no-sign-of-any-bounce/ The Professional Source Thu, 04 Oct 2012 07:30:51 +0000 hourly 1 By: Sean Lee https://fxww.com/audusd-still-no-sign-of-any-bounce/#comment-878 Thu, 04 Oct 2012 07:30:51 +0000 http://fxww.dreamhosters.com/?p=1064#comment-878 Hearing same just now Maji, sellers at 12970

]]> By: majimaji https://fxww.com/audusd-still-no-sign-of-any-bounce/#comment-875 Thu, 04 Oct 2012 07:11:37 +0000 http://fxww.dreamhosters.com/?p=1064#comment-875 i am hearing orderbooks biased to sellers towards 2970. any info from the investment bank?

]]> By: Sean Lee https://fxww.com/audusd-still-no-sign-of-any-bounce/#comment-874 Thu, 04 Oct 2012 07:07:43 +0000 http://fxww.dreamhosters.com/?p=1064#comment-874 Sorry Iridium I ignored eurusd today as thought it wud stay motionless. Txs excellent insights again

]]> By: Iridium https://fxww.com/audusd-still-no-sign-of-any-bounce/#comment-870 Thu, 04 Oct 2012 06:23:22 +0000 http://fxww.dreamhosters.com/?p=1064#comment-870 Good morning Sean,

You don’t have a thread for EURUSD, so I will post it here :0

My wave analysis seems validated. Yesterday failure to break the lowed end of the channel suggests that we will now have to test the upper side of the channel. The absense of a rate cut today by the ECB could stimulate a move toward the upper edge of the channel in the 1.300.

http://imageshack.us/a/img440/7348/eurusdh.gif

I am on hold after being trapped yesterday in a fake breakout of the 1.288 barrier. I will add to my short position when we get closer to the 1.300. Today the market is bullish, so one can try to be long in my opinion.

I still stick to my general assessment that we will not exceed 1.316 (probably not even 1.305) until Spain makes a request for a bailout and the ECB starts buying its bonds. Despite all the dollar bearishness, the market will continue to pressure the european leaders to act. My key measure for this theory are the yields on the spanish bonds that I follow everyday.

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