EURUSD

are bulls trying to show us that they re not dead yet?

haha USd hacv egood news and EUR is going

futures minus .50 %..


http://money.cnn.com/2009/10/15/mark...kets/index.htm

yea but 4900 is still holding

Obama and Geithner should resign along with Bernanke, abolish the Fed.

Last time Geithner spoke of a strong dollar, the public laughed, he said he means it. Bernanke should stop printing money and start unwinding that balance sheet. And raise interest rates to prevent the dollar falling by half a point.

There will be a dollar and economic crisis coming. IN 1907 there was a panic and it turned out to be a recession they let the system clean itself out. Now we had armageddon and they saved the banks claiming if they hadn't it would have caused a depression. A third of banks failures during depression were due to Mergers.

History is not on mr Obamas side or mr geithners or mr bernankes, side.

The FOMC minutes were a disappointment for the USD yesterday - and Obama's stimulus package is unraveling as the US goverment may continue buying MBS securities in an effort to stave off the crumbling of an empire. But hey, at least he's $1M dollars richer after winning the Nobel. Maybe Obama will make an anonymous donation to Fox news.

The Euro rally toward 1.50 versus the Dollar continued as Industrial Production gained for the 4th consecutive month. Industrial Production came out at 0.9% as expected. EUR/USD traded with a low of 1.4838 and with a high of 1.4946. Today, ECB Monthly Bulletin will be released and will provide detailed analysis of current and future economic conditions. European Core CPI is expected slightly weaker with 1.2% versus 1.3% prior.

Resistance

1.499

1.501

Support

1.486

1.48

1.476

i added long muaahahahaha

even good news didnt help euro.. euro is f****d

gold just broke support 2nd time today at 1050...

from forexlive:

Trichet: EUR not created to be a global reserve currency
Written by Jamie Coleman
October 15, 2009 at 12:10 GMT

Trichet is on the wires saying excessive currency volatility is an enemy. EUR/USD dipped below 1.4850 on the comments.

On the economy, he says the outlook is more positive than it was three months ago and while uncertainty is high, forecasters see growth this year and next.




thanks Trichet

Next support 1.4855

seems like eur is done

I wouldn't say that quite yet. If the recent low gets taken out, charts are lining up for this to be quite the bear session. But, if we continue to see hesitation here (I'm looking at the 5M), back up we go....

yea i jsut took out big proffit at 1.4860

nothing is done as yet.
Its still trading above yesterdays low.
The move down was good and I am glad I took some pips but I wouldn't want to say that the EUR will tank.

You should know the rest when one curriency is dead its the US$.

I still see the EUR coming back up 1,5 is still possible maybe not today or this week but for sure soon.

The Cat

didn't I tell you last 3 days to short everthing once dow hits 10k

Wise given the fact the downtrend appears to be losing momentum. I've taken a partial profit and moved to BE until what's what is clear....

euro is coming back now, watch 5M hopefully

I am looking acutally candles, 1 min candles i can read quite good also yea momentum was stoped. Thats why i steped out.

me too...
the day is still long and we're watching is the correction from yesterday. We are still in the upward trend