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  • EUR/USD Triggers The Stops Above 1.2560/65

    From forexlive.com

    Equities have turned positive and reports of more Mid-East buyers are making the rounds, goosing EUR/USD through the stops just above the earlier session high at 1.2560. Not too much to get excited about from a fundamental standpoint as Spanish bonds trade at 6.77% and Cyprus signals it ill be fifth on line for an EU bailout, though the amount is a trivial EUR 4 bln…

Yeah! Everyone has an explanation to everything after it happens! No sir, it was the Janitor at the ECB buying Euros, haven'u you received the flash news about his conference call!
Yeah weak dollar because everyone starts expecting QE again with the weak US data. Ridiculous.
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Good, it's good! Weak dollar -> EUR/USD goes north -> better price to sell -> then Ben says "No more QE" -> profit!
Risk ON, reality OFF. In other words: squeeze those shorts!
Eur gets closer to the strong resistance at 1.2630 I don't think it can break it easily without testing back 1.2485
Forex isn't an easy game ... it's only for professionals
do not doubt for a minute that there will be more qe in some form or another.. once headed down this road, there is no going back.. first, though, we need a serious drop in the market so that bernanke can claim he had no choice but to head us down the road to catastrophic inflation..........
No more QE by the FED maybe by ECB and the BOJ, BOE but never the FED, traders won't let their destiny to the GREEK election, so they will be looking for safe havens before the weekend, JPY, USD and GOLD are expected to gain momentum maybe soar.
this is the greekexit 3 different scenarios by citi
http://www.businessinsider.com/citi-predicts-three-grexit-scenarios-2012-6
the real game has just begun, it's no more no less ......! you need to forget about the intraday prices, this election in Greece next Sunday is not a joke, if they chose to exit no one can help it anymore and we head towards the exit scenarios.
Mix the news with tech analysis; do the opposite and you have a pretty good trading plan......for now.
Hej.
Yes, it is going up for a big fall
forexlive always triggers sellstops or buystops...LMAO....don't know why his feeds always be here...only stupids follow him.
Quoting ForexMGames
Yes, it is going up for a big fall
big fall?where and how do you know?__i dont care about next trend__i just care to taking profit today__i open only buy today__ and i ve saved 90 pip now from 2 open order__tomorow i dont care eurusd will go up again or back down because trader can get profit both of up or down
Quoting Dr. forex
No more QE by the FED maybe by ECB and the BOJ, BOE but never the FED, traders won't let their destiny to the GREEK election, so they will be looking for safe havens before the weekend, JPY, USD and GOLD are expected to gain momentum maybe soar.
this is the greekexit 3 different scenarios by citi
http://www.businessinsider.com/citi-...enarios-2012-6
Very unlikely that Greeks will vote for exit. Tomorrow and especially Friday might be very volatile with massive short covering. Look for open interest today; if it falls then short covering already began today.
Key level @1.2640, where shorts are holding their buy-stops now is only 40-50 pips away. If that level falls - I wouldn't care what Greeks decided nor for FEDs QE.
True knowledge is knowing that you know nothing. Socrates.
Thats a joke - it is still gonna fall like a ten ton rocket out of fuel. The unit has a stamped trend and it is down.
tODAY 14 JUNE 2012,,,WILL HAVE GREAT MOVEMENT ON EURUSD___EURUSD WILL MOVE UP TO 1.27 LEVEL
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Jayakatwang
You may be right, as no one knows what the market will do for certain.
Just point out that in the past 5 days there were three tests of the 82.00 USD index level that held.
There might be massive repatriation flows to Europe to recapitalize banks.
Everything else both technicals and fundamental, geopolitical suggest the probabilities are for trend continuation.
At the moment EUR/USD is ranging with a bullish bias. The long term of this pair is suggesting north. However, for today (14/06/2012), if price is unable to breakthrough the resistance at 1.2644, EUR/USD might be heading south for a pullback on the bullish trend that is trying to gather momentum.
as per the CME COT report the commercials have taken a long position on EURO. wonder who is shorting the EURO?.
Quoting Jayakatwang
tODAY 14 JUNE 2012,,,WILL HAVE GREAT MOVEMENT ON EURUSD___EURUSD WILL MOVE UP TO 1.27 LEVEL
finally.... eurusd have shown that buyer will be winner again in today's battle
Quoting Jayakatwang
finally.... eurusd have shown that buyer will be winner again in today's battle
i think daily candle of eurusd14 Jun 12_will be closed about 1.2610
and will continue up again next candle_and next daily candle will be more volatile
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  • Story Stats
  • Posted: Jun 13, 2012 10:42am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 20  /  Views: 5,156