EURUSD

Why?

What makes you so certain it won't bounce at 1.26?

.2570 anyone?

At the very least.

Oops! Got taken out with the stray spike with +17 pips. Time to hit the bed I guess....9.51pm Singapore time.

Still early man. Or are you going to trade Bernanke speech at 2.45 later? 9.53pm malaysian here. Lol

mmm, experience i guess, i find xx20's and xx80's to have a more psychological impact than xx00's with the EU..

When Bernanke speaks I will be in lala..land...

This 30 chart clearly demostrates how accurate the fibonacci extension application to Bollinger band pinches can be.......

Edit: Same with 1 hour chart...

Just heard on Bloomberg that Obama will speak at 1040 ET. This wasn't on FF calendar so thought everyone might like to know.

He will be officially announcing his national Security Team. It has been on the new all day today but he will make it official.

Down channel in progress on 5 min.

S&P 3% down but no effect on euro...

I think because the expectation of the negative news for USD making EU not be able to move lower. It moving slowly upward in fact right now.

On H4 chart I am thinking we are only in Wave 3 of 5 and I believe we have much further to go before W 3 even completes:

this sunday has been great for me. i can honestly say i am currently flat and like 10pips gained in the past 12 hours. To me this is more then satisfactory as last sunday was my worst trading day in the month of november.

Technical analysis. I am waiting for a good entry point. Since market open until pre ny session we have been in a horizontal channel between 1.2700 and 1.2620. That 1.2620 once broken tried to act as resistance but failed as current pa shows. Other then the horizontal channel there is the downwards channel we are currently in since last friday (red lines). To me the only entries at this time is a tap of either that upper or lower wall ...the whole sell at the high and buy at the low concept. However since we have quite a bit of news coming up and as we saw last night when euro news came out moving from the high to the low within the range....news may actually start to impact things again!..im not prepared for that yet so i may continue being flat. The stock market as expected opened lower and continues selling off. Oil is down. All these are indicators of continued dollar strength. Still...when the market doesnt feel right...flat is smart. Good pippin all

You're thinking this will continue to move down?

pretty impressive.. since G/U fell about 500 or a bit less and E/U a little over 100 pips..

Lower TF show GJ already oversold.....However .......bigger TF like H4 show ...this already beginning of another big drop.

lol