Dislikedlooks to me like a typical consolidation. odds are probably higher on continuation.Ignored
Yes, from 21 GMT they are gaining slowly in a tight range, and yesterday low is intact. It can give us some clue...
Best regards,
Pico.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedlooks to me like a typical consolidation. odds are probably higher on continuation.Ignored
QuoteDislikedInteresting turn of phrase from Lagarde
By Adam Button || June 22, 2012 at 01:28 GMT
|| 7 comments || Add comment
The IMF’s Lagarde today criticized the plan to bail out Spanish banks because it places the liability at the foot of the government.The euro zone needs to quickly set up a mechanism that allows it to directly recapitalize weak banks, “in order to break the negative feedback loop that we have between banks and sovereigns,” IMF Managing Director Christine Lagarde said after a meeting with the bloc’s finance ministers in Luxembourg.
From the G20 statement:
Euro Area members of the G20 will take all necessary policy measures to safeguard the integrity and stability of the area, improve the functioning of financial markets and break the feedback loop between sovereigns and banks.
The near-identical phrase and the upbeat tone at the G20 leads me to believe that plans are moving behind the scenes. I don’t sense the same type of fear from European leaders we saw in Oct 2011.
The thing is, Europe is completely incapable of keeping a secret so something should be leaking out soon. The bar is very low. If the EU summit can put together the framework of a plan, the upside in the euro and commodity currencies is enticing, especially after today’s (overdone) selloff.
DislikedDear Maganathan,
For support you can use the daily low as reference - 1.2541.
If during start of the European Session, it go bellow that and back above in less than 30 minutes, will indicate a stop hunt, so you can buy along with them...
Best regards,
Pico.Ignored
Dislikedlooks to me like a typical consolidation. odds are probably higher on continuation.Ignored
DislikedI need all three bro S/R bro. Thanks for valuable comments
Regards,
MeganIgnored
DislikedGood morning guys,
4:51 AM here in Spain, what can we expect for today?
I think we will see a pullback to the Pivot point and later a new fall of 100+ pipsIgnored
DislikedSome traders use indicators that do it for them. I just add them up myself. Take yesterday's daily, for example. The big red candle on the chart below. I just take the high and the low, add the two, then divide it by two. Then you'll have your pivot point. Then add the pivot point with the high, and divide it by two, and you have your next resistance point. Then add the pivot point with the low and you have your next support line. Then add that line to the next line above it, and divide it by two. And add that same line to the line below it, and...Ignored
DislikedStrange move yesterday.... the way how risk is flying out the window from the start of London... i wonder what triggered it....
i mean to me the move looked rather dramatic given the fact we know Europe is in trouble 2 months back....Ignored
DislikedSome traders use indicators that do it for them. I just add them up myself. Take yesterday's daily, for example. The big red candle on the chart below. I just take the high and the low, add the two, then divide it by two. Then you'll have your pivot point. Then add the pivot point with the high, and divide it by two, and you have your next resistance point. Then add the pivot point with the low and you have your next support line. Then add that line to the next line above it, and divide it by two. And add that same line to the line below it, and...Ignored