EURUSD

would you mind turning your PM function on? dont wanna clutter the thread

I think its gonna stay in the channel

Which channel?

Things look pretty unorganized to me

It's obvious, that i don't think it will. Infact i'm not sure what channel exactly you're talking about. Could you explain?

Djambaz, hadn't noticed that the default is off. Now it's on.

Just my 2 cents, but all i see is sideway movement from 2920 to 2880 to close

Don't forget Monday is a holiday - President's Day . . .

i really have no idea at all about this pair now, dont even have a bias long or short, the word is clueless.
i am happy i didn't trade this pair today and closed all the open positions i had regarding eur.
gods of the market blessed me with oil-trading today.

gods of the market
bless with money everyone who dares
have a nice week-end folks

It really is sideways, although i would love to see a close today above 1.2960. But the market looks tired and sleepy, so may be i'll focus on the ouzo...
Have a great weekend.
See/hear/read you in Monday.

House near vote on $787B stimulus

Congress likely to take final action on historic economic rescue package.


That might answer our questions pretty soon. Also guys pay attention to the Dow.

hey guys, what language were you speaking? I couldnt figure it out.

I narrowed it down to eastern european, maybe slavik

bulgarian...sorry for cluttering

Мислех, че това, което беше, аз бях в състояние да разберат, че е малко.

I speak a bit of russian.

Euro drop weeee

Ok guys,
closed all my positions...

wish you a nice weekend

Support and resistance trend lines, amongst pivot lines.

leaving a entry L2745 with sl 2685.........hoping that i wont have to close this trade for a year or 2.. wishful thinking.. i think there is a big fight brewing... get your ticket and pick your direction..in a month or 2 why might know who won.. im taking this position as a short term entry..but hoping not to close it for a long time....i dono whats gonna happen.. crystall ball is broken....it aint gonna be pretty.

not writing in stone but this pair and others has drifted north each (weak usd) friday till close last 4-5 wks.. maybe longer...then starting with the (strong usd) sunday asian session has gone south. meaning be careful.

have great weekend

Closed out my shorts for a lil profit.

Waiting over the weekend is scary and has screwed me over too many time.

Back to the movies :-)

oil up almost 4 bucks.. and the eu is stagnet.up 16 pips for the day....months ago eu would of rallied hundreds of pips.......like i said somethings brewing...

We have G7 meeting going on over the weekend. So come next week we could open anywhere. Not a good idea to hold on to positions over this weekend.

Looking at the MONTHLY chart EUR/USD has so far (from 2-1-09 to 2-13-09)made a very narrow range (388 pips). Compared with the volatility that we have seen in December 2008 and January 2009. I believe that traders are taking a closer look at the ECB and FED activities to see how their policies will effect the international trade and the outlook on the economy. With the low of 1.2765 (jan 09 candle) been taken out this month suggest that we may be going down further. On a 1:1 wave formation that may be forming, we could see EUR/USD at 1.1011 in the next few months.

Looking at the WEEKLY chart EUR/USD (from 2-8-09 to 2-13-09) seems pretty much range bound (372 pips). We took out the high 1.3070 of the week prior by only 23 pips (1.3093 high this week), only to fall back within the last weeks range. A break of either 1.3093 on the upside or break below below 1.2705 could trigger traders moving the prices considerably in that direction. On the upside we could see 1.3750 as a potential target. While if we break below we could see 1.2329 as a level of considerable support.

DAILY chart EUR/USD for today (2-13-09) was an inside bar. Suggesting that the market is waiting for traders to decide on which way they want to move the market. We seems to be consolidating in a triangular pattern. A close outside could mean a signifigant move in that direction.

With considerably calm 1st 2 weeks of February 2009, we could look forward to a exciting next week with several scheduled key reports and Fed Chair speaking mid week.

EUR/USD Daily --