EURUSD

Low enough for the price to just kiss your SL before turning down. Just my personal opinion... One another hand, looking at my H4 chart, price has to break upper trendline at around 4175 in order to make a new high. Price has ranged for too long now and the bull may go to sleep at any time.

agree..i still think well see some down....been scalping all day..shorts..

guess we easy can see 4039 again

Yep. But we need liquidity to move this along......

Dollar Bear-Market End Is ‘Pretty Close,’ Pimco Says (Update2) By Garth Theunissen


http://www.bloomberg.com/apps/data?p...d=idAy1eio3Uxs

Jan. 25 (Bloomberg) -- The retreat in the dollar that sent the currency down as much as 17 percent from its 2009 peak against six main trading partners may be over, according to Pacific Investment Management Co.’s Paul McCulley.
The Dollar Index has rebounded 5.3 percent from last year’s low in November on signs of economic recovery. The U.S. currency is unlikely to resume declines “particularly against sterling, the euro and the yen” as the world’s biggest economy improves, McCulley, a portfolio manager and member of the investment committee at Pimco, said in an interview in Johannesburg today.
“Against the majors, we’re pretty close to the end, if we haven’t already reached the end of a bear market in the dollar,” said McCulley at Pimco, which runs the world’s biggest bond fund. “The dollar bear market is almost done.”
The U.S. economy probably grew in the closing months of 2009 at the fastest pace in almost four years as factories stepped up production and companies purchased new equipment, economists said before reports this week. The Federal Reserve will wait for further signs of recovery before raising its benchmark interest rate and probably won’t lift borrowing costs this year, according to Pimco.
The dollar fell 0.1 to 1.4151 against the euro by 10:30 a.m. in New York. The U.S. currency slipped 0.4 percent against the pound to 1.6178, and lost 0.3 percent versus the yen to 90.05.
Rate Fears ‘Overblown’
“Fears of a nearby move to monetary tightening in the U.S. are overblown,” said McCulley. “The Fed would purposely rather make a mistake in tightening too late rather than too soon.”
The Fed’s likely withdrawal of its so-called quantitative easing measures, which involves buying bonds, will enable policymakers to “tighten monetary conditions” without raising benchmark rates, said McCulley.
“The Fed’s not going to do anything to its policy rate until it’s able to observe the economic reaction to an end of quantitative easing,” said McCulley, adding that the program is likely to be concluded by end-March.
Emerging-market currencies including the Chinese yuan, Korean won and Brazilian real will appreciate against the dollar over the next three to five years as economic growth in developing nations outpaces that of advanced countries, according to McCulley. The Canadian, Australian and New Zealand dollars are also likely to advance against the U.S. currency over the period because of their “commodities exposure,” said McCulley.
The U.S. economy will probably expand 2 percent a year on average over the next three to five years, he said.
‘Proxy for Growth’
“If you look at currencies as a proxy for growth, then you can anticipate that emerging-market currencies will appreciate against the dollar,” said McCulley. “We are big believers in the emerging markets.”
The won has gained 1.2 percent against the dollar this year, the yuan is little changed and the real has weakened 4 percent against the U.S. currency. The MSCI Emerging Markets Index of shares has lost 2.9 percent in 2010.
Developing nations in Asia are attractive for equity investors “looking to get growth into their portfolios,” he said.
To contact the reporter on this story: Garth Theunissen in Johannesburg at [email protected]
Last Updated: January 25, 2010 10:35 EST

it's actually a little higher @ 4205. I probably won't move it though.

DZ

Exactly. However the asians don't need that much to pull it off as we've seen several times in the past.


What will happen here?

Great! Indeed, Dollar Bear-Market about to end with Dollar Collapse, that's for sure.

And it's coming.

start drop?

Asian session to take it down....

Driver are You still in G/U short

Can't say yet.....we're still inside of that nasty consolidation zone. I would expect a shake out, though.....

damm im still in that trade due to a bad take profit target :@
i hv bought on 1.4150 and TP at 1.42 it missed me by only 8 pips :@
when i was asleep dam that really sucks
any chance of getting that target again by tomoro hehe

seem like they want too go to th South pole red line is my perceived risistance level

that was a great call :

thanks God I took it long on GBPUSD.easy 20 pips

hell day...

we are now ranging on eur/usd - better not to play. Long term remeber it is bullish still.

Aussie on holiday today, so nothing much likely to happen until at least the Asian session. Also, the daily ended with an interesting candle.....not quite a true doji, but close enough for me. I still favour the downside

then ...
the market has with immediate resistance fucking 1.4180 today not broke. will be coming down in the opening of tokio?

Collapse? The Dollar is recovering. Do you have some info to back up your comments, or do you just hate the US Dollar?

Only someone still long at 1.51 would hate the USD this much.

He probably is long @ 1.51. Sky always screams "dollar collapse". I like his input but I just thought I'd let you know. His info is more based on fundamental news it seems. EDIT: Sky, please correct me if I'm wrong

DZ