{quote} Hi! According to Daily chart it should go up, but according to weekly it should go down, so how to know if its on the resistence now? It looks really tricky!
{quote} After a loss rookie traders generally try to win everything back. That mentality leads to more losses. There is no need to rush. Every trade has its own flow. Therefore sticking to plan and trading according to system and S/R levels is key forever.and yes 1.1434 area looks like a potential double bottom zone on H1. Time will tell. Stay Green
{quote} Im a novice on bond-spreads.. But isnt it a strange situation that there can be different state bonds within the same currency? It would be like NY having their own bond compared to Florida or such.... What do you think ?
but keep in mind when Greece was in crisis the spread was 400 basis points with the German and Itaty is in 300 now....the eu isnt ever going to parity not atleast in our lifetime unless britain and germany go to war again LOL....the bankers will never allow the european union to fail unless its war{quote} Well my friend though they are sharing the same currency but they two diffrent country not state. Sorry cant write too much now as I am watching the Market now
I didnt realise we were close to Greece-spreads... 
{quote} thanx for answering Post
{quote} My final daily support was the magnetic support level at 1.1467. That level has been broken now since yesterday's daily candle closed below it. Now it is bearish for sure. BUT a daily close back above 1.1467 would change the story. Therefore it is best to trade the H1 and check if candles stay above or below LONDON OPEN for TODAY! By the way: The monthly Green line is flat as a pancake
{quote} Knkie....the bond issue is according to few economists the demise of Europe. Simply stated, when a country (or a union) cannot offer consolidated debt....investor will flock to high probability of repayment bonds..ie germany. the problem then becomes: who is gonna buy spain, greece or portugal debt? answer: Draghi! until he gets nauseated with those and he won't find takers then parity...and below parity and bust
{quote} Knkie....the bond issue is according to few economists the demise of Europe. Simply stated, when a country (or a union) cannot offer consolidated debt....investor will flock to high probability of repayment bonds..ie germany. the problem then becomes: who is gonna buy spain, greece or portugal debt? answer: Draghi! until he gets nauseated with those and he won't find takers then parity...and below parity and bust
scalping the frak out of this pair this week
