EURUSD

my guru is saying that and i belive him

Your guru?

Fair play to you Pip. I got nervous and closed both shorts at 2950

i trade long term, so my views are different than those who trade short term csalping.

My guru says look for support at 1.2918. Then a potential bounce off that area.

Just watch the price action around these areas and you will have a good idea of where it's about to go.

waiting for next hour candle to develop to add more to long positions.

Just an opinion (for what its worth). PA has retracted quite nicely to 2950 and at this time, it just so happens to be the 21sma.

Price may head back up to 1.30 if it doesn't break.

divergence in play?

its tickling 50 quite often to me.

a little feel good news.

ford the better of the big 3 us auto makers report 40% decline of sales. Damn they didnt even need tarp.. just think how bad the others are..bad news good for dollar lately

those who place longs, would be a good time to long imho

The market is confused at this point and so am I. PA is now in the direction of the M2 sma and the M3.
Either way, we will see a big move up or down, just don't know which way. Sidelines for me.

That's the 38.2% Fib level. It's likely to break through this.

it looks like we may break the 1.2950.

Any news is good news, just as long as it makes the markets move

tilll wat position will go down eur usd

bearish short term next test 2941 then 2916 ish

Amen to that

be careful what you amen to. thy will strike thee.

[MEXICAN PESO SINKING IN UNCHARTED WATERS] The Mex peso continues to plummet against the U.S unit, falling to a fresh record low for at the the third time in recent sessions. The unit has buckled to a new trough of 14.6100 in recent trade vs its previous intraday low (14.56), despite the BdM supporting the Peso by selling Usd 102 mn in the spot market. The CB sold the dollars at an auction which fetched a weighted average of 14.5965/Usd. The tech outlook for the 1993 launched 'new Peso' also looks poor now that the succession of lows has been reached. [Usd/MXN], after printing 14.31 in Oct entered into a volatile consolidation phase. And this formed a nr 4-mth triangle (continuation) formation. But, following an MACD buy signal near mid-Jan, the rate has broken above the triangle resistance leading to scope for med-term gains into uncharted territory, with an initial target of 15.578 (1 x 10.533-14.314, from 11.797). Only a return through the triangle support, damages the bullish (Usd) outlook.