EURUSD

Good economic sentiment is bullish on equities -> reverse on equity currency.

CPI is less than expected. Yes, it increased, but less than expected. A higher CPI -> bullish on the currency. BUT a less than expected CPI -> bearish on currency. Anywho, I'm just saying about short term movement probability. Long term CPI still looks good.

Ha, ha! I don't have any trades open currently. Flat. Waiting to see what happens next.

And how would YOU interpret the current news?

Deutsche Bank sees EUR @ 1.2 by the end of the year.
First target @ 1.32

Just trading Market Profile levels.

I don't interpret the news (although I have the ability). Calling price movements based on News makes about as much sense to me as calling tops & Bottoms does to 'The Fool'.

So please, if you have the ability could you please interpret the news we got 40 minutes ago?

Is it not possible , a bullish setup at the top of a big bull?Te H&S seems not any valid , nice round bottom suggest big up,slow stch UP,QQE crossed up in H1.

Then we may get new high this week instead a new low .

Well that is certainly the location of the true equilibrium but I had expected 1.56 before 1.2 (see my previous market profile analysis posted early in May) but you never know.

messed up earlier and didnt post this one..too many charts...

4179 4077 4012 3961 10 3847 3744
3944

No because it might get in the way of my ability to pull the trigger. Seeing things from multiple techniques and analysis has as many strengths as weaknesses.

Ahhhh...a convert!

i m short @ 3855...

Why? Why did you not close @3880? What's your SL?

I was out for some urgent work..rushed without SL..

A hefty drop in oil costs brought euro zone inflation to its first ever standstill in May, data confirmed on Tuesday, and economists expect consumer prices to start falling in June.

Separately, the European Union's statistics office said wages in the 16 countries using the euro rose 3.6 percent year-on-year in the first quarter, only marginally below the 3.7 percent growth in the first quarter of 2008.

Employment in the 16-country euro zone fell by a record 1.22 million jobs in the first quarter of this year, which many economists believe was the low point of the recession.

Euro zone consumer prices grew by 0.1 percent month-on-month in May and were unchanged year-on-year.

Energy prices rose 0.4 percent on the month and fell 11.6 percent on the year, Eurostat said.

Price growth excluding energy and unprocessed food — a measure the European Central Bank calls core inflation — was zero on the month and 1.5 percent year-on-year, down from 1.7 percent in April.

Armando Franca / AP
Flags of member states of the European Union.

The ECB wants to keep inflation just below 2 percent and cut its main refinancing rate to a record low of 1 percent in May to help the flow of credit in the economy.

Another measure of core inflation which economists often look at and which excludes energy, food, alcohol and tobacco prices fell to 1.5 percent year-on-year from 1.8 percent.

Belgium, Ireland, France, Spain, Luxembourg and Portugal saw consumer prices fall in May and economists expect more countries will join them in June.

Eurostat data showed wage growth in Germany, the euro zone's biggest economy, jumped to 6.1 percent year-on-year and total labor costs rose 6.6 percent in the first quarter, almost 2.5 times faster than in the first quarter of 2008 and faster than the 4.8 percent jump in the last quarter of 2008.

In Spain, the euro zone's fourth-biggest economy, wage growth showed little impact from surging unemployment with salaries rising 3.3 percent. Wages in France and Greece fell.

source:CNBC

The up trend line in 5min time frame will cross with a level of fibonacci this could be the key of the day ? So or we bounce with a break of 1.3920 or we dive with a break of 1.3880 ?
I'm always flat at this time and I begin to loose patience. I miss the right train this morning ... I'm feeling like a stupid guy at the station by chance I haven't take the bad train

Don't sweat on it. The right train woulda been @ 3800 7 hours ago. Weren't you asleep then?

Well, I wasn't expecting such a strong retrace... I have two short position running. I'm at work, I will peek a few times. We'll see what will happen...