EURUSD

De nada!

The bears are waiting for José Cuervo

Hehe, good one

Well...then get in the market Jose!! Apurate!!! LOL!!

for cable excelent..thx

I opened long last friday. op: 1.4400, tp: 1.4434.
But today is us holiday and it seems very weak in cross with gbp.
Too poor for eur dollar.

EUR/USD.
EUR/USD chart with support and resistance lines marked on it. Click to enlarge:
http://www.forexcrunch.com/wp-conten...st-450x301.jpg
The last time that the ZEW released their figure – the Euro dropped. Will it happen again? Let’s start the review. The technical analysis will follow:

1. ZEW Economic Sentiment: Published on Tuesday at 10:00 GMT. The German version of this important survey has made a sharp decline last month, and fell to 50.4 points. It’s expected to stay almost unchanged at 50.3 this time. Also the all-European version fell to 48 points last month, indicating that investors and analysts are worried. The Euro reacted with a big fall on this news last month.
2. German PPI: Published on Wednesday at 7:00 GMT. Contrary to consumer prices, producer prices are not really moving. Last month saw a nice tiny rise of 0.1%, which is expected to be followed by a 0.2% rise this time. Prices must rise before Trichet starts thinking of a rate hike.
3. French Flash PMI: Published on Friday at 8:00 GMT. France starts the monthly influx of purchasing managers’ indices. The French manufacturing sector is expanding in the past 5 months, scoring 54.7 last month. A figure above 50 means expansion while under 50 means contraction. It’s predicted to rise to 55.1, almost the peak since the crisis. The services sector is doing even better there, and currently stands on 58.7 points. It’s expected to edge up to 59.3 points in Europe’s second largest economy.
4. German Flash PMI: Published on Friday at 8:30 GMT. Europe’s biggest economy has seen an expanding manufacturing sector in the past 3 months. PMI is expected to rise from 52.7 to 53 this time. The services sector is expanding for a longer time, but is currently at the same levels of activity -52.7. It’s predicted to rise to 53.1.
5. All-European Flash PMI: Published on Friday at 9:00 GMT. Europe isn’t only Germany and France. It’s also Greece and Spain. The manufacturing sector is expected to show a rise from 51.6 to 52.1 in PMI, while the services sector is predicted to edge up from 53.6 to 54.1. During these releases, EUR/USD will shake.
6. ECB Monthly Bulletin: Published on Friday at 10:00 GMT. The European Central Bank has been busy with the Greek debt problems. In its monthly bulletin, articles and internal statistics will expose what the bankers are thinking about. The general picture looks gloomy at the moment.
7. Industrial New Orders: Published on Friday at 10:00 GMT. After four months of neat rises, the value of purchase orders dropped by 2.2% last month, falling short of early expectations. This important indicator is predicted to rise by 0.6% this time push the Euro slightly higher.

EUR/USD Technical Analysis
The Euro had a good start to the week, opening with a Sunday gap above the 1.4480 resistance line which it previously failed to break. It traded mostly above this line, peaking at 1.4579 before falling below the line, and closing at 1.4367.
So, EUR/USD returned to the range. Above, I’ve modified the region and now made just one round resistance line at 1.4450. This is a change from last week’s outlook. Below, 1.42 continues to serve as support. It worked as a support line for the recent range trading, and also worked as resistance line in the past.
Looking above the range, 1.4626 was a low when the pair was trading higher. Above that, 1.48 is a significant line – it was the lower border of the previous range. Even higher, 1.5144 was the 2009 high, and is far away.
Below the range, 1.40 is a round number and also worked as temporary bottom. It’s a minor resistance line. Lower, 1.3750 is a very important support line – it was both a significant support and resistance line in the past.
The bearish sentiment on EUR/USD continues.
The Greek crisis continues to trouble the continent and might become a Greek tragedy. Add German political problems and a high unemployment rate and you get a weak Euro.

Just placing long & pending orders & go . see it later
fontu

big fat black line 4392 break will get me long smaller line will get me short 4333 or anything below 4343 see upwards trendline. This is a 1hr chart and since US is open I dont see any sense getting into a trade cos of low liquidity spikes if that makes sense to anyone. Normally I trade 15min and 5min .
see chart and please comment.
The Cat

If you think that 4367 is a weak euro, you haven't been trading for the last few years!

Just so you know, I'm still long and expecting values above 1,44 soon. Merkel did not resign, Europe still stands, so ...

But global recovery might be slower than expected...

EUR Extending Weakness

18 Jan 2010, 08:42 CET




3 Day Trend Bearish
Weekly Trend Bearish

Intraday EUR/USD: Extends the setback off the Jan. 13 reaction high at 1.4580 below 1.4380 to confirm a significant high. Corrective gains have room for resistance in the 1.4446/1.4457 area, but the greater risk is to the downside. Below 1.4335 would prompt further weakness towards the 1.4264 higher low, which protects the Dec. 22 recovery low at 1.4218.

Weekly chart EUR/USD trend: Bearish.



3 Day Trend Bearish
Weekly Trend Bearish

Intraday USD/JPY: Bears confirm a lower high at 92.05 after 90.73 Friday. An intraday pennant/flag is underway, but the dominant threat is for further downside towards 89.30 and an equality target at 88.90. Above 91.35 would provide relief, although only above 91.60 would question the bearish outlook, opening 92.05.

Weekly chart USD/JPY trend: Bearish.



3 Day Trend Bullish
Weekly Trend Bearish

Intraday GBP/USD: Friday's higher high, lower close marks an end to the recent strong corrective recovery as 1.6358 caps. The threat of further weakness hangs over the market towards 1.6158 initially, but scope for a deeper setback towards 1.6095 and 1.6064 cannot be ruled out. A break above 1.6358 would display bull dominance and negate the bearish outlook, opening 1.6409.

Weekly chart GBP/USD trend: Bearish.



3 Day Trend Bearish
Weekly Trend Bearish

Intraday USD/CHF: Builds on the recovery off the Jan. 11 reaction low at 1.0130 following the push above 1.0235 Friday. Above 1.0293 would open up the upper limit for this recovery, at 1.0326. Dips should attract support while above 1.0220, to protect the 1.0169 higher low.

Weekly chart USD/CHF trend: Bearish.



18 Jan 2010, 08:42 CET

By Francis Bray, CFTe MSTA


Quelle:

REUTERS

Chickenshit thin market moves, no US futures trading now, US banks closed for MLK Day tomorrow. Time better spent in the sack.

opportunity is comin. details for everybody on my blog, as always

Forex Focus: Greece Will Sink The Euro

18 Jan 2010, 09:15 CET

By Nicholas Hastings

A DOW JONES NEWSWIRES COLUMN LONDON

(Dow Jones)--Greece is the problem.

For weeks now, euro market participants have been skirting the issue, hoping that Athens and its dodgy fiscal plans would go away.

The argument runs that Greece is only peripheral to the euro zone and its debts should hardly matter in the greater scheme of the European Union. And, at some stage, if the Greek government doesn't buckle down and make the much needed spending cuts, the European Union will bail them out.

But investor nerves were finally rattled at the end of last week when remarks by both German Chancellor Angela Merkel, as well as European Central Bank President Jean-Claude Trichet, crystallized the real threat Greece poses for the single currency.

Like any other major currency, support for the euro relies on the assumption of fiscal discipline. But, unlike any other major currency, the euro is issued by 16 autonomous states over which the European Union itself has no say.

In other words, if any individual member such as Greece wants to run up debts that threaten its credit rating and force a default, there is no one to stop it.

Merkel summed the problem up precisely: "Who is supposed to tell the Greek parliament that it needs to carry out pension reform?"

There is certainly little sign that Athens is about to carry out those reforms, or start reducing its debts, on its own accord.

In fact, the fiscal reform package that the government has proposed has become a bit of a joke, with the European Union last week diplomatically referring to its "statistical irregularities."

Not only is the government suggesting that it can slash the country's budget deficit over the next year or two, it is also projecting that the economy will continue growing through 2011.

One solution to resolve the whole issue would be to kick Greece out of the euro.

But that in itself would pose more of a risk to the euro and was quickly ruled out by Trichet when he was questioned on the matter last week.

Nevertheless, the ECB president was also just as quick to make it clear that the ECB won't be running to Greece's aid with any "special treatment."

That is hardly surprising given that the central bank would quickly come under pressure to do likewise for other debt-ridden members such as Italy, Portugal, Spain and Ireland, which has already been forced to take tough spending cuts to reduce its deficit fast.

In the meantime, the clock is ticking for Greece.

Trichet's remarks brought another sharp widening in the spread of Greek credit-default swaps, a type of default insurance for debt, as investors lost even more appetite for Greek bonds.

And matters are only likely to get worse.

The wider CDS spreads are bad news for Greek banks, which hold much of this paper and could now be sitting on significant losses.

Poor earning reports next month will only compound Greece's woes and bring the country that much closer to default on its debt.

But the alternative--Trichet and his cronies running to the country's rescue--would hardly be much better for the euro.

"Such a bailout would constitute a point of no return as it would go at least against the spirit of the euro stability pact, evoking the danger of a fiscal policy moral hazard," said currency strategists at Commerzbank AG.

The whole Greek issue also coincides with a continued failure by the euro zone in general to show a more robust rebound from the recent global recession.

So not only was Trichet undermining the euro with his attack on Greece last week, he was also hurting the single currency by suggesting that an ECB rate hike or even a move away from the bank's unconventionally liquid policy measures is far from likely anytime soon.

With currency markets being driven more by rate differentials than risk in recent weeks, this hardly bodes well for the euro and suggests that forecasts from some analysts for a fall to $1.35 in coming weeks will more than likely be fulfilled.

See the euro's recent slide against the dollar

http://www.dowjoneswebservices.com/chart/view/3283

Early Monday in Europe, Greece remained very much at the top of the agenda with a newspaper report that the ECB is preparing the legal ground for problems with the euro as the Greek problem escalates.

The euro itself is trading fairly flat, moving a little higher to $1.4381 by 0745 GMT from $1.4376 late Friday in New York, according to EBS.

The single currency is also up at Y130.78 from Y130.54, while the dollar is up at Y90.93 from Y90.82.

The slightly improved sentiment comes as the market looks ahead to a rash of Chinese data later this week that are expected to show strong growth that will lift hopes for the global recovery.



Bloomberg TNI FRX POV

Reuters USD/DJ

Thomson P/1066 or P/1074




Quelle:

Dow Jones Newswires
January 18, 2010 03:15 ET (08:15 GMT)

Well, I guess we'll have a break very soon. Holding my shorts.
Any comments?

Any comments...

Gerne !

Wenns halt nicht mehr runter geht, dann gehts eben wieder rauf...

Ha

gentlemen...ignore those pair....gold guys...gold......what gold can drive all those pair....dun forget about it.....n how much gold atm...

anyway am start my trailing ...why 1137 ...come 1138

p/s: exactly at my medium yellow dotted line..break little more up then going down...same chart as am pposted last week...

http://www.forexfactory.com/showpost...stcount=212290

... soon ?

long with tp 1.4430

Too early i think.