EURUSD

Worry about deficits in Greece is all I could find.

Amazing how fibo works. Careful bears

Ooops, looks like we got support at 4190 . . . ., hmmmm I wonder if it will hit my TP. 4170, hmmmmm . . . closed 1 lot then let the other one ride the market. hehe

I see that gold took a dive as well......whatever caused this must have been 'newsworthy'....time will tell I guess

Do you expect to see 4060 today? I hope so man, we got 140 pips to get there at least...

I don´t think so..it would be nice but to be realistic I believe that we could see 1.4142 in the next hours.
Gonna go to bed, SL placed and trailing too.
Good trading to you all.
See you at the london session.

I hope so dude, I'll be waiting for you when Lon opens! Sweet and pippy dreams LOL!!!!

Bloomberg says Greece: http://www.bloomberg.com/apps/news?p...d=aTlPpu2CgJsg

I guess Asia woke up Wednesday morning and thought, "OMG, Greece, SELL!!"

been on my charts for months

still wait for my 4170 to touch... 4h closed below 4170, then i think it'll go towards 4000.. only speculation hehe

evening guys,

from now on it's possible to go long ... (obviously with appropriate stoplosses)

I posted a forecast last week:

http://www.forexfactory.com/showpost...stcount=181173

and my outlook for the long term is a new one. I estimate that it will go as low as the mid 3600's. Attached is a chart

3500 then 2800 then 1.04

Hi Driver. I guess it's always possible to go long, except when the market's closed.

on the news feed before the drop 1.10 was asian markets closed higher helped by dj closed higher now i hav to resarch the greek feasko

that's why i keep on reminding myself, trade what u see not what you think..lol

if H4 closes below 1.42 (in 25min), we could see a new down run.

you're right ... but it is not always healthy

I use Murrey math Line in daily timeframe. It looks that you were right, the ultimate support is about 1.4150

About Murrey Indicator:-

1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance).
Those lines are the most strong concerning Support and resistance.

2. Line 7/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this line this price will continue the movement to the line 8/8.
3. Line 1/8 (Weak, Place to Stop and Reverse).
This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse up very soon. If the price did not stop near this line this price will continue the movement down to the line 0/8.

4. Line 2/8 and 6/8 (Pivot, Reverse)
Those two lines yield the line 4/8 only to the strength to reverse the price movement.

5. Line 5/8 (Top of Trading Range)
The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8. If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue falling to the next level of resistance.

6. Line 3/8 (Bottom of Trading Range).
If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level. If the price broke this line during the uptrend and staying above during the 10- 12 days it means that the price will be above this line during the 40% of its time moving between this line and 5/8 line.

7. Line 4/8 (Major Support/Resistance Line).
It is the major line concerning support and resistance. This leve is the better for the new sell or buy. It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.