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  • Greece Gets Reprieve But Default Still A Possibility

    From oanda.com

    After more than half a year of back-and-forth negotiations, with both sides guilty of brinksmanship bargaining, we learned Monday that a deal had finally been reached to provide Greece with a second emergency bailout. A total of 130 billion euros, or $172 billion, has been promised to Greece with the first payment expected in time to meet the next bond repayment scheduled for March 20th. While the accord may avoid an immediate default, there are significant strings attached to the continuation of future payouts later in the year. These are similar to the conditions set out for the initial rescue package negotiated ... (full story)

eur/usd pls which way do we go now
Forex is a trillion business transaction every day, don't the people who trade forex knew better, informed substantial about this? No, it doesn't seem so. Look at the way they rally the euro totally out of proportion. The rally does not have any thing to support for...Now, your guys is talking about this aftermath to educate them, it was too late. Or maybe this is one of your guys propaganda for the market trend the way your trend. This is totally suck. Eventually small investors just quit because they can not realize on anything the media say no more.
agree !!!!!
Quoting oluaye
eur/usd pls which way do we go now
dont move ! thats the best way.
Quoting sureshort
dont move ! thats the best way.
OR

Quoting oluaye
eur/usd pls which way do we go now
mind the gap 100 pips due south. wait for entry above 132.5 & enjoy the fall

many pips!
IMO......default is a certainty.....it's just a matter of time.....
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting TraderUSA
Forex is a trillion business transaction every day, don't the people who trade forex knew better, informed substantial about this? No, it doesn't seem so. Look at the way they rally the euro totally out of proportion. The rally does not have any thing to support for...Now, your guys is talking about this aftermath to educate them, it was too late. Or maybe this is one of your guys propaganda for the market trend the way your trend. This is totally suck. Eventually small investors just quit because they can not realize on anything the media say no...
learn charts & price action, not NEWS
Don't get mad. Get smart and join the party going up or down.
Quoting bigslice54
learn charts & price action, not NEWS
right now? no technicals or fundamentals can undermine the news...it is clearly price manipulation not action...
Opening Asia Market : EURUSD is hard to climb up ?
See D1 time frame : price movement under EMA 100, power to go down and down again same as actual conditions in EU.
Do not buy/sell based on news/rumors , learn price movement in chart , but still maintain risk management. Good Luck Guys
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http://www.zerohedge.com/news/iifs-dallara-warns-holdout-greek-bondholders-could-kill-successful-greek-deal
there is the bank holidays for the fin. institutions is there any no trade date for retailers if it no such day lets form it for todays date it was the most silly and borring session ı lived for the past 5 years
dirty rotten filthy sticking ...................
if we the greeks believe that todays session would be like this we wouldnt get the moneeeeeeeyyyyyyyyyyyyyyy
Manipulation ? The manipulators create a corrective pattern ? Lower highs and higher lows. Strange manipulation, I thought the 'manipulators' would have at least gone the few extra pips and created a new swing high overnight.

What I see is the last swing high, although a lower high, found resistance on the medium term median line (about 1 month old and 15deg slope).

1.3220 is also the top of a median term down channel, and we are now sitting on that. If we break much bellow 13220 then we might see some downside, otherwise we will see upside in a few hours. It's a tough one, but 13220 is key today, above or below it.
In my eyes ... Greece already defaulted ... now I'm lookig towards Spain, Portugal and Italy (other PIGS)... Greece is going to default anyway, If not now then in few months
Quoting bigslice54
learn charts & price action, not NEWS
Take a note : Time schedule of Hot News from FF or others media, but if we will enter to the market better learn price movement in chart and follow the trend.
Yesterday it is hard for EURUSD to climb up during europe and US market , and today same also , it is hard to climb up in opening Asia market.
I saw in D! time framethe price movementis still under EMA 100, actually Greece is defoult,its only a matter of time.
Safe to be safe : Going down /sell to 1.2985
Let me give you some additional info from Athens
People are really indiferent for todays morning news.
Tonight I was out you could hardly see car in seaside road for those who know Athens is the line from Piraeus to Glyphada .
This will not be the first default for Greek history the previous one was really very similar to this one same political approach and really identically similar things .
Goodnight from Athens guys .....
Quoting bigslice54
learn charts & price action, not NEWS
e

All EU countries have to increase their export activities,they do not want EURUSD too strong , otherwise no one buy their product.
Learn price movement and understood present conditions , then take action to buy or sell this pair. In the long period, this pair should go down below 1.3000.
Good Luck
Thanks for the info Kostakaini .... all the best. I think maybe it is better for Greece to default, but not better for those exposed to the debt.
Giving money includes risk otherwise we wouldnt pay interest rate .
The dog bites sometime its nature is like that .
İf you ask me personally it is better for us to default and return to drahma .
This will give us the chance to return to our inner dynamics .
Greek people became they helped for that to produce only frape .
Greece was producing some time ago .
We have to return back to our inner routes there is no other way.
Quoting jetkim
right now? no technicals or fundamentals can undermine the news...it is clearly price manipulation not action...

if you missed the entry @ 1.3250, now is the last chance to short
OK...EU jumped above 1.325- just long enough to give everyone 1 more opportunity to enter w very low risk. Enjoy the fall
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  • Story Stats
  • Posted: Feb 21, 2012 6:16pm
  • Submitted by:
     OANDA
    Category: Fundamental Analysis
    Comments: 21  /  Views: 3,444