EUR/USD ticks higher

Dukascopy Technical Analysis
EUR/USD
"Generally we stick to the view that rallies in the euro should be sold into"
- UBS (based on CNBC)
The currency pair has overcome an accelerated downtrend and is now facing 20 day ma located at 1.3080.


EUR/JPY
"Signs of a pick-up in the pace of growth are certainly supporting the pick-up in risk-seeking among investors"
- Bank of Tokyo-Mitsubishi (based on Reuters)
Current rally of EUR/JPY is not expected to surpass a strong resistance line at 102.55.


GBP/USD
"The idea that GBP is a safe haven; people have done that as a sort of reflex because they are concerned about the euro but they are glossing over potential problems in the UK"
- BAM (based on Reuters)
In order to gain bullish momentum the Cable will have to pass through 1.5736 (55 day ma) and 1.5743, although the likelihood of such event is presently minimal.

EURO-DOLLAR: Clawing its way higher again as recently reported Asian
sell interest appears to have dried up. Rate edges back above $1.3050,
having met semi official demand below $1.3030 which cushioned the
corrective pullback. Offers remain in place above $1.3070, with stronger
interest seen into $1.3080.

1, 30700/1, 30850 resistance ones are zones.

It seems that they will break it. There are at least 1,32 in him. If some extreme negative news does not rewrite the script.

EURO-DOLLAR: Despite reports of semi official buys below $1.3030 rate
breaks under the Asian base at $1.3023 to extend lows to $1.3015. One
trader notes demand in place between $1.3015/10, with stops below, while
others note demand into $1.3000. A break below the figure to expose next
reported support at $1.2975/70.

The tomorrow's French bond an auction will be determining. Since the German was bad, not probable, that the French it'll be fun, PIGS, may be badder only though. If this will be the alignment, then EURUSD 1,25 looks at. See H4.

Oiling the leaked ship , should learn the lesson soon .They have no sense of right or wrong before & now totally mad .

Sorry but if you need to ask that question you shouldn't be trading real money. You need to study and learn more.
There are three schools of thought posting on FF. Those who think the Euro will collapse under its debt , so while it zig-zags up and down its overall trend is down. Then there are those who think the zone can be rescued and that the euro will recover strongly at some point. Then there are those who dont really give a damn where it ends up but look for signals of the zigs and zags and buy and sell both ways according to events and moves. Eu was down over holidays, but last week I posted that i expected it to recover Tues after the Holidays - it did. Now the debt sales are starting again and the German sale was bad in that they couldnt sell all the bunds they targeted at the price they wanted. So down is the trend for now (but note I have been short then long then short the Euro within a 48hr period.) Now need to look for a signal that Euro might reverse, or is there some more bad news coming to send it to 1.28? What is important is that sentiment is so fragile that whispers can now tip the EU down. Overall - i expect more down days than up days for the Euro for the next 4 months. But dont trade if you dont have confidence that you know what is going on!

the auction was a partial success in relative terms, with the government getting bids of €5.14 billion; slightly more than the desired maximum - something it could not do two months ago. At the end of the day, Germany sold €4.06 billion and the resulting bid/cover ratio of 1.3 was well higher than the failed auction of November which came at 1.1, when a large amount of paper was retained and bids were not enough to cover the amount of paper on offer. Wednesday's auction is still below the average of 1.54 seen at 10-year sales in 2011 and a 19 percent retention rate is also above the 2011 average. The average yield dropped to 1.93 percent from 1.98 percent but as the euro zone debt crisis has intensified It has led to lower than average demand at recent German auctions. And while the auction was better than November's it was still quite weak for the strongest country in the euro, which explains why the EURUSD is trading lower. Germany was offering E5billion but only sold E4.06billion so though there were bids for all the Bunds they were at higher prices than the Germans wanted to pay - they couldn't get E5Billion away at their offer price! If Germany only just gets its Bunds away what can we expect for the billions being issued by the other countries. France goes to market tomorrow and one thing is guaranteed - the result will kick the Euro hard in one direction or the other. At the moment the Forex market shows the betting is it will be down for the Euro.

Sell EURUSD

BIS buys the euro now.

German auction results.. sold Euros 4.057 bln out of a target of Euros 5 bln

Sold Euro’s 4.057 bln of 10 yr benchmark 2% Jan 2022 bund issue, bid to cover 1.3 (vs 1.1) yield 1.93 % (vs 1.98%)

EURO-DOLLAR: Traders flash up that current dip back below $1.3030 again
encountering semi official (BIS) buying, though this time rate not retreating
higher.

I agree, with 2.8 CPI we will get through at least .311 SLs, if no extreems...

Hi Sanguis, what does it mean by "Offers remain in place above $1.3070, with stronger interest seen into $1.3080." I understand it as short at .3080??

there is a negative news now. banks are parking/hoarding more money at ECB yesterday, 453 billion. Bad news for eur/usd, think it will go down to 1.29

http://www.forexfactory.com/news.php?do=news&id=334709

can we sell eur/usd now??its 1.3031

i dont understand the market.right now.i have sell signal but market goes up...what to do now??any1 have some idea???

down eur/usd 50 pips

u can sell eur/usd sell 1.3045
and
gbp/usd sell 1.5640

i know this 2 are resisance but what do you mean by zones??

EUR is going down too much...Merkel has Diarrhea (not clear farting) so Big Boys and Girls, so called Smart Money couldn't inhail correctly her message...

euro will reverse from here and it will hit app.1.3579 till jan22

sanguis can you explain how the german bond sales can be considered bad? bids exceeded supply 1.3 times. also, yields dropped about 6 basis points. doesnt that show an excess of demand and a decrease in risk, both promoting a positive short term outlook for the euro only in regards to bond sales?

I'm just enjoying d ride....

i hate middle east they are always playing antitrend to earn just 20 pips.

eur/usd going even lower... what should i do???

thanks bobn. so what sort of sales numbers do you expect could be taken in a positive stance? would anything short of 5 billion in sales be considered weak?