I dont guess EUR short will hold longer..... May be till US session...
Totally confused!!!!!
Totally confused!!!!!
EurAnalysis Kindergarten 24 replies
Dislikedthey want to cover their collective ass. buy time to work out from under all that toxic debt. isolate the worst diseased institutions so the contagion can be contained. run the euro up so when it drops there will be room for it to drop without taking the world as we know it along.
because there is a drop coming.... a day a week or a year of reckoning. none of these ez banks have taken any losses yet, debt restructuring and/or even sovereign defaults have not been done - they are just talking about how they will deal with it.Ignored
DislikedI have three indicators that do not appear on any chart, but I find them very useful. They indicate when the market is in over-sold or over-bought territory.
1. Counter intuitive price action to news. Price moves in the opposite direction of what it "should".
2. Spastic movement on the 1m chart against the trend of the last few days. Like a plane that has flown so high that oxygen is thin, the engines starts to sputter. The underlying mechanic is that there is not enough liquidity to smoothly support the price at this level. (see chart)
3....Ignored
Dislikedprice just tickled the daily 50EMA before retracing. May be the resumption of a big downtrend to parity and perhaps 0.82 area.Ignored
DislikedHmm, FXMindset's chart shows, that Euro is growing faster and faster. And such hyperbolic growth means, when we get a correction - it will be a sharp one. Or, the whole bubble will burst in an instant, as this kind of growth is (at least for me) sign of a bubble. But, to completed this "pattern", the EUR should accelerated even more... But then next trendline would be almost vertical Certainly, EUR is behaving strangely right now. I am still flat, but it may change in an hour...Ignored
DislikedI agree. So 1.5 seems unlikely. Actually, if you think about it, all this wealth of converted EUR/USD needs to go back to sender in 3 months. My take is that we are looking for a lot of violent moves, with a downward bias.Ignored
Dislikedya there's an upside limit no doubt. the problem with politicians is they believe their own bullshit. so far we have had a lot of politicians making plans and happy talk. no pain.
pain is coming. one thing we were just talking about at the RUT was the EFSF and how it is designed to take over sovereign debt purchases from the ECB. But the EFSF is still on the drawing board, and the PIIGs need their bonds bought in the meantime. So the bond vigilantes will be back. Greece is deadman walking, but there's also Portugal, Italy, Spain...plus all the...Ignored
DislikedGood morning everyone. Seems like pressure is still to the downside but we have this pesky little trendline on the hourly chart that could hold the price up and reverse to longs. If the trendline gives then we can see further decline. If the trendline is rejected and price forms some kind of a doji or pin, then price could very well end up at the 3900 level.
Reminder : JP Morgan to report Earnings today around 7:10 am est. and Google is expected to report around 4p est. Sometimes these earnings creat chaos in the mkt and other times there is no...Ignored
DislikedLets see if this 5 minute bear flag can play out and get the price below the 1 hour trendline.Ignored
DislikedAny take on why the ECB doesn't just print itself out of this mess? I mean, I know inflation is a problem, but countries can get by just fine on 10% inflation for years. There is no reason they can't conduct QE on the same scale as the US. This would basically cut national debts by a third or more. Inflation would take care of the rest.Ignored
DislikedLets see if this 5 minute bear flag can play out and get the price below the 1 hour trendline.Ignored