i see this falling back to 1.4360 (61.8%) for the day...250+ pips already before even london session...way overdone....14455 has to become resistance for this to happen
....now if it goes down lower...we may see the gap get filled!...staying out until london open
just as i thought...a nice 100pip gain on that one
If someone will pay you for typing in this thread you will be millionair before the year ends.
But you got it, good tecnics, congrats.
...like the chart as i see it now...trendlines...fibs..the channel were in...breakout points and so on 
...just let me know and ill do it haha
lol i can post more if you want
I'm watching CNBC at the moment. Man, talk about doom and gloom.
Looks like the USD is under a lot more pressure than I thought. Heck, we could see the EURO go back up strongly towards the 1.6 levels before this year is out.
Couple of reasons for that.
1. Fall of Freddie and Fannie, Fall of Leeman brothers, now looking like AIG in trouble along with possibly morgan stanly down the track.
2. Merryl was looking to go the way of leeman brothers if not for Bank of America saving it.
3. There is still probably 1 trillion dollars to write off from freddie and fanny.
4. More banks will bite the dust.
5. Despite Trichet being crazy for not cutting rates in EU zone...hmm..it seems like he may not be so crazy after all. He has a plan for EU to be growing by the end of 2010. No news of growth for US. And despite bad news coming out the USD continues to grow in strength.
6. Because the USD is increasing in strength and all this bad news is coming out. It is my belief the EUR/USD is going to make a HUGE reversal and head back up.
7. Global Recession is on the cards.
This could all be me stupidly listening to the news but I find this to be very interesting. I could change my opinion as things happen but I feel really worried about USA now
Those aren't signs of recovery!!!!
No it isn't. Thing is that all bets are on that there will be US central bank intervention to keep the USD strong. So I doubt we will see a huge turn around in EUR/USD in the near term.
I'm watching CNBC at the moment. Man, talk about doom and gloom.
Looks like the USD is under a lot more pressure than I thought. Heck, we could see the EURO go back up strongly towards the 1.6 levels before this year is out.
Couple of reasons for that.
1. Fall of Freddie and Fannie, Fall of Leeman brothers, now looking like AIG in trouble along with possibly morgan stanly down the track.
2. Merryl was looking to go the way of leeman brothers if not for Bank of America saving it.
3. There is still probably 1 trillion dollars to write off from freddie and fanny.
4. More banks will bite the dust.
5. Despite Trichet being crazy for not cutting rates in EU zone...hmm..it seems like he may not be so crazy after all. He has a plan for EU to be growing by the end of 2010. No news of growth for US. And despite bad news coming out the USD continues to grow in strength.
6. Because the USD is increasing in strength and all this bad news is coming out. It is my belief the EUR/USD is going to make a HUGE reversal and head back up.
7. Global Recession is on the cards.
This could all be me stupidly listening to the news but I find this to be very interesting. I could change my opinion as things happen but I feel really worried about USA now
There has already been a central bank intervention to keep the USD strong....it started during the opening ceremony of the Olympics...how do you think we got to where we are today
...
