EURUSD

Oil would have burned me, too. Thank god I was not trading it, since I was to busy getting my rear handed to me by gold. But the setup was there...

Maybe its time to reconsider...

Hello folks, its that time of week again where what the market does is absolutely crucial to determine where we are headed next. Considering the pair has been consolidating up since the market opened, anything can still happen. However, we have been in a strong downtrend for over 2weeks now and yet again we are in position to retest that upper trend line at around 1.3940-55. Considering all previous attempts failed, a breakout would be quite intense, but the most likely outcome is a continuation back down. We should find out sometime in the Asian or Euro session where we head next. So while 1.3940-55 is the level to watch for the upside...obviously the current lows are the levels to watch for more downside movement. One could say we are in a 100pip range at the low at the moment (1.3860-1.3955) and a break of this range determines who's in control this week.

Good pippin all

looks like petrol prices will rise soon... let me pump my tank full tomorrow first thing in the morning..

time for me to buy dollar, sell yen pairs, and sell gold

If the present H4 candle also close as doji , bear can take over the market .Time to sleep & leaving , good night . trade well all.

Bearish tri stars candlestick

Tri Star



Direction: Bearish
Type: Reversal
Reliability: Moderate

BULLET: EURO-DOLLAR: Edged up to $1.3918 area but on minimal.
EURO-DOLLAR: Edged up to $1.3918 area but on minimal flow as US stock
backdrop remains positive but looming supply atop the morning highs
remains a hurdle. Pair remains a sell on rallies, traders say, with most
expecting that today's lull in Greece headlines/jitters will be
short-lived.

Provided by: Market News International

there is only one way - DOWN.........within 20 minutes

mornin fellas. take care fontu

CME Group − The oversold March euro opens slightly higher in the US, as expected, after hitting a near seven−month low in Asia. The recovery was helped by the support from the 50% retracement at 1.3852. The short−term outlook is slightly bullish. As you know, it had formed a short−term bearish flag, which targets 1.3535, in addition to the medium−term bearish flag, which targets 1.3370. The medium−term outlook is bearish and my model is short.

still no sign of the bears...

waitin for 1.3930 to build longs

Dude....seriously chill! Bears are below the 3900 area. Don't expect serious adding of shorts until there are indications that this pullback is over. Zoom out on the 5M....you'll see the support that matters. And, this pullback could go higher....we don't know yet (higher without invalidating the downtrend - take a look at a 4H chart).

I've been waiting to post this lol, someone posted it the other day...the bears will come

Rumors of big EUR put buying

By Jamie Coleman|| February 1, 2010 at 15:27 GMT
|| 13 comments ||
Traders say there has been a buyer of EUR 1 bln in 1.35 puts (options that give the holder the right to sell EUR/USD at 1.3500) for expiry at the end of March.

On MR1 as we speak...

how many pips - so far?

does any one think gold will come down tonite or in tokyo or will it be u ride.

-60

The thing about rumors is...even if they turn out to be right..it doesn't matter. While my bias is neutral right now...we could very well go to 1.4270 before going to 1.35 and still do this before end of March. The weekly chart shows 3 black crows and usually the candle that follows is a maribozu bull that fully engulfs the 3 bear (highly doubt it in this situation) or a small bullish candle with a long wick to the upside (up to 1.4270 and still be an inside bar) or possibly a bullish doji (most likely) followed by continuation down the next week to extreme new lows. So yeah, be careful with such rumors..just my two cents..

It must drop during Asian session, what are the chances of it going up 2 session in a row. If it does then it's a rare event.