EURUSD

lets see what is next... lines and trade made by one of my followers

chart

Exactly what you have to look for....

At the end of last week, couple "exchanged" level of 1.3600, showing a Friday session at least 1.3582. Movement down on Friday was the same relatively strong, as in the previous two days, but the couple, however, closed above 1.3600 marks. Yesterday couple moved in the corridor 1.3600-1.3700, energetically testing both its borders. During today's trading couple grows, being able to overcome the downward resistance. The average sliding EMA21 and EMA55 slowed in its movement downwards, MACD and RSI indicators point to weak growth of a pair - the second has not yet crossed up his central line in contrast to the first. The main purpose of this up - to overcome the level of 1.3700 (with resistance from EMA55) followed by a move towards resistance at 1.3720 and further to 1.3750. The purpose of down-checking the strength of support at 1.3750, then local support at 1.3730 and then re-attempt the test marks 1.3600.
Support levels: 1.3650, 1.3630, 1.3600 Resistance levels: 1.3700, 1.3720, 1.3750

Got it

GREECE: No impact as yet on Greek spreads on back of article in Der
Spiegel titled "How Goldman Sachs Helped Greece to Mask its True Debt".
The story notes how Greece's debt manager issued foreign currency bonds
-- maturities ranged between 10 & 15-years -- at the start of 2002,
where such transactions are normal part of EMTN programme, but "in the
Greek case the US bankers devised a special kind of swap with fictional
exchange rates", writes Der Spiegel. This enabled Greece to receive a
far higher sum than the actual euro market value of 10 billion dollars
or yen. "In that way Goldman Sachs secretly arranged additional credit
of up to $1 billion for the Greeks", adds the paper. Allegedly, this
swap transaction didn't show up in the Greek debt statistics and the
paper notes that at some point Greece will eventually have to pay up for
its swap transactions, and will add to its already burgeoning deficit.
Greece 10-year spread vs German Bunds are currently 1bps tighter at
+362bps.

Provided by: Market News International

rumors : eur/usd sees german names and models buyers around 13725
source fx insider

Short 3720 target 3650...

Long at 3715, looking at market testing 200 sma(3872) again which acted like support and resistance last 2 weeks, gonna watch R1 though to see if I'm wrong like I was last week

http://img269.imageshack.us/img269/4...0209004925.png

So my 1h trend reversal still holding... so far... If this upholds we will see 3760-90 area before No. American open. Thats the area i will short after the peak has been reached...

good luck to you all.

Dam your trend reversal expectation way higher than mine, only time will tell, the max i think this can go is 3840

Nice chart , hope this work go above 1.3740.
fontu

From UBS : caution on eur/usd shorts

long at 1.3725
t/p 1.3750

0907 GMT [Dow Jones] Market position in EUR/USD has become extremely short of late and sentiment towards the euro is universally bearish notes UBS. However, the single currency has stopped reacting to negative news and near-term risk events are building against short positions. UBS says because of these factors it's taken profit on its 1.4010 short position at 1.3725, although it remains bearish and will look to re-enter the trade either at a higher level, or on a break below 1.35. EUR/USD now at 1.3718. (GST)

weren't you just short an hour ago?

still believe in short term "shorting" ...
if we see big recovery from recent sell off , we need clearer support

moved my stop to BE at 1.3740

Watching current hour candle, a close above 1.3730 might expose 1.3750,1.38,1.385