EURUSD

call me nuts but my target is on the blue square... 1.2731

Do you mean 1.2731??

I believe this minor uptrend we are experiencing is setting up for a huge downwards trend. Watch you Longs.

Impatience will burn you today...

EUR / USD stuck in very tight range between 1.2865 & 1.29600

Break below 1.2856 (Daily Pivot) is a bear signal, with confirmation below 1.2841

Break above 1.296 is a bull signal...with great caution...R1 @1.2994 to watch with further increasing resistance @ 1.3027 & 1.3057

DJI expected to open higher based upon more better then expected Q results of financial sector and several banks feel no need for more government aid.
Asian shares rallied overnight due Japans stimulus package.
4th DJI rally is a strong possibility which could drive EUR up to 1.3

Danger:

Friday, Profit taking, short covering

IMO we might see initial further move up supported by short covering followed by a drop...why the drop..cause fundamentally nothing has changed yet...USA showing stronger signs of pulling out of the recession then Europe...hence USD should prevail as the "safe haven".

Moral of the story...main trend is still bearish..bullish outbreaks as usual..with the noise around it.."this is the reversal"...

Trade with great caution today..don't be tricked or fooled..always look at the larger picture..unless you are a true scalper..who only trades the charts...

As always...Just my 2 cents...

thanks , just corrected that

I look at the economic news. The expected readings are positive. And even if the readings are bad it is still a positive numbers.

Beside I saw a negative divergence of the histogram for GBPUSD. I think EUR will follow suit. Then again price is king so humans are not. Lets see.

But I go down for GBPUSD.

I am forever bearish, but I am thinking this will go up before it comes down. Target in the 1.3000 area. As everyone has been saying already break above todays high confirms up break below todays low confirms down.

I'll just go for the ride where ever it goes.

What a day! WHAT A DAY!

Euro is clinically dead.

Thank God I have a day job!

hold my spot bbl

1st post here, good to see a lot of common sense, especially in this rangy situation, where the most profitable trade is probably to stay away until EURUSD is breaking either upside or downside.

Speaking from Spain, greetings to everybody.

Where do you live in spain?

Im from lisbon Portugal, but my roots are in the Portuguese Extremadura.

it is going down in half an hour.

Ahhhh, spoken like someone who knows what they're talking about.

G' morning shadow... dancing nimbly this morning this way and that I am... got my toes stepped on a couple times, but the winners are still paying for the losers with enough left over for ice cream...

but it's a knife fight.

ADD: My 6m climbed thru the 21sma an hour and a half ago on the 7:12 am CST candle and hasn't looked back, holding perfectly, climbing and price just now starting to pull away... good sign. BUT we have to close above the Cantral pivot ((2910) for this to fly... 10 minutes to go.

Yes, in Madrid. I have some roots in Extremadura as well, in Caceres.
Good to hear more Iberian guys around.

Coming back to trading, breakout of 1.2960 or 1.2870 will make a nice movement on each side, IMO. Maybe a good moment to buy vol (1.2900 2 wk straddle?) and play the gamma here?

isnt fri usually quiet?

http://www.oddpic.com/data/524/president-bush-orly.jpg

Sorry to bring this up Elizo , but what did you think of my beloved LIVERPOOL on tuesday?

news in 2...

Even if this is the start of a bull run which I highly doubt there's a lot of bullish momentum right now and in my opinion the pair is being artifically inflated.

It could be just another shity Friday.

Mike

You just trashed us, I am afraid...

Nice match. By the way, El niño Torres was borned in Fuenlabrada, exactly where I lived for 28 years.