EURUSD

I'm taking my chances on the right shoulder. Mabe it'll try to get closes to S1 as possible. SL at BE

These posts about the "big players" amuse me time and time again. The "big players" are not a coalition playing off the rest of the market and all knowing and all seeing making profit levels we could only dream about. If that were true the money in the world would all run over to their pockets in a month. And nobody cares that much about statements when they're not backed up by action, fact is the rate difference keeps increasing. Also the EUR news didn't worsen I believe as much as people thought after following the US news by 3-4 months as people were saying and US news keep looking worse. EU's also been ranging for a relatively long time in the 1.5 area after it shot up above it maybe way too strong. Yesterday's move was rather predictable by form, but fact is it went higher than most would expect I believe which is also some form of indication. I'm not saying the upwards break is much more likely, but a small favour towards the bulls I do have indeed. Either way, trade the good setups you see and not what hasn't anough good probability behind it.

btw looks like I was right about the slow uptrend for today so far.

???

???

MARS>>>JUPITOR>>>>PLUTO (164.00)

SL 20 pips good nite

EUR CPI coming up...could bring it above Daily Pivot @1.5938 for confirmation of a further retrace...if not south again towards 1.59

Just my 2 cents...

Boo...

Very good analysis my friend

Maybe after we hit 1.6400 lol.

Nice safe setup Pip..I see two orders and one SL...Got another sell order there, just in case..?

There is no clear statement of any intervention to help out USD by other countries given the current situation by US problems are still unresolved just my opinion.

Proposed new U.S. one dollar bill:

nice propose

where did you find that pic, i like it...

can i use it as my avatar?

Just some explanation about my technical charting:

Failed to break Daily Pivot @1.5938 for now, for the retrace it needs to break those two UTL's with min breakout target @1.596.
If it doesn't break we should be heading towards LTL @1.589, if breaks we go south towards again keylevel @1.585 (Weekly pivot)

sure you can use it for your avatar.

Not sure where I picked it up.

Today I'm with BULLS!

Just in case you wonder where this sudden activity and spike came from at 10.15am (GMT)...

1013 GMT [Dow Jones] The corrective USD rally of the past four months is over and the longer-term downtrend is resuming, says Barclays Capital. Why? Because over the last 24 hours the buildup of bearish USD signals has increased dramatically, says the bank. Clean breaks of medium and long-term averages imply a structural change in sentiment is taking place, highlighted in the USD index where the break below 72 implies a move below 70 is coming. For EUR/USD the bank says gains may not come in a straight line, but 1.65-1.70 is a target in '08. EUR/USD is now at 1.5926. (GST)


Interesting...

oh no, i gotta get out of my longs, even the die hard bears are joining the bull wagon, that must be the start of the change of trend... only kidding...


magnumfreak: thanks