EURUSD

you show up, and it goes down. Nice. Go bears

156 million x 1.355= $210 million and change?? Fair profit..

would like see 4-hour candle close below 3720

or not...!

Happy to be of assistance.

Add more at 3710-15???

EU VON ROMPUY: Greece to implement plan in rigorous way
- EU FinMins invited to back Greece fiscal plans
- Greek govt has not asked for financial help
- EMU members have shared stability obligation
- ECB will propes additional steps re Greece
- Greece aid plan will 'draw on' IMF expertise
- First assessment on Greece will be done in March

Provided by: Market News International

just read that some hedge funds are looking short USD. I hope we don't have bail out these hedge funds again for their wrong positions.!

Will offer them a better deal..otherwise we may have Nato troops on Greek soil, within the year..

no not now. maybe 370x, 369x. waiting.

I'm short at 1.3794 resistant, since sell down pressure was there. I saw bear than bull.

The only reason why US are not in same situation as Greece currently, is the Reserve

currency status of the $USD and ability to Create huge amount of money out of thin

air and sell worthless DEBT to other suckers. Otherwise US not far from

Greece

Total debt to GDP wise and their Freddie/Fanny/AIG and others are larger

than Portugal, Spain and Greece combine. So happy USD safehaven status

lovers will pretty soon realize that.

EUR-USD Setup - Donnerstag 11 Februar 2010

Ausgabe : 10 Feb 2010, 23:15


EUR-USD


Stop UP : 1.3933

Stop DN : 1.3646 und 1.3601

Elliott : zigzag correction up 1.3807

Eingang : 1.3585 (05-02-2010)

Ausgang : zigzag correction up 1.3807

Vorgabe : Projection 1.3858

Trend-1 : 1.3712

Trend-2 : 1.3685

Planung : Scenario für Heute

Solange der Kurs sich oberhalb des Bereichs von 1.3707 - 1.3692 und 1.3671 (Sup 1) behaupten kann, könnte eine Haussekorrektur die Notierungen 1.3779 / 83 (Nos 2) oder sogar wieder 1.3807 / 12 (Res 1) testen. Danach dürfte der Kurs erneut Abgaben sehen...

Lediglich ein erneuter schneller Kursanstieg über 1.3846 und 1.3878 (Res 2) könnte erneut ein kleines Kaufsignal auslösen. Bestätigung erfolgt nur bei Tagesschluss über 1.3826. Ansonsten ist die Situation kurzfristig neutral zu werten...

Nach wie vor besteht weiterhin das Risiko des intakten Abwärtstrends. Ein nachhaltiger Rückgang unter 1.3662 (Nos -3) dürfte eine weitere Verkaufswelle einleiten. Abgaben bis unter 1.3606 / 01 (Sup 2) oder unter 1.3585 (Elliott Eingang) bis 1.3535 (Sup 3) könnten folgen...


Viel Erfolg !



;-)



That is what our system did say ...




Francis Bray, Dow Jones Newswires, wrote about current situation as follows:


Intraday EUR/USD: Is delicately poised after staging a recovery off Wednesday's low at 1.3676 to bring the 1.3813 lower high back into the frame. This protects Tuesday's high at 1.3840, and with former range lows at 1.3851, a wave of fresh bull pressure is required to extend the corrective recovery towards the 1.3947/1.3965 area. A break back below 1.3725 would create downside risk back towards 1.3676 and 1.3621.


Weekly chart EUR/USD trend: Bearish.



POST SCRIPTUM :


We did not agree with that - as long as above Trendline support 1 @ 1.3712 and Trendline support 2 @ 1.3685 zone - one more thrust to the upside is expected to be in the cards again...


Central pivotal zone is at 1.3742 / 1.3744 on a daily basis...


A dip towards 1.3708 or 1.3685 would be nice to cover the short positions from this early morning session...

And could be used as an intra reversal area...


Good Luck !

Hi Ed

Have been doing the same thing and grabbed quite a few pips etc....positions which are now out of place will more than likely be reached later as the PA is rangy...unless something really drastic happens to plummet south in bear fashion of course in which case I'll make a loss...to be gained back when it retraces.

Like your style of trading and wish you all the best

The Greeks will end up in default and so will the other PIG's. Euro below parity before the end of the year. I will finally be able to afford to go to Amsterdam and smoke some good weed.

Now its not time to add positions, this is calculated.
We are close the bottom of triangle but there are still room for stochs.

I "suspect" it drop to test 1.3700 and then fire up.

Likely to go up more than down but timing is the issue as always

nice one and we have a nice market crash 1930 again.... will join u in amsterdam, no difference if € is below 1.0

The up spikes are safe, but a breach of 1.37 might open the flood gates??

I entered short 2 lots at midnight (Peru time) 1.3790... I have have targeted 1.3600 and news are coming in 1 hour aproximately... There´s a general feeling that unemployment will decrease... so If 1.3700 is surpassed... maybe we´ll have another rally .... reaching 1.3500 possibly... good luck every1...

bulls have possible good news for greece, but have resistance at 3850, and potential to 4150. they also have the Down TL channel that we bounced off from the lows this/last week.

bears have 3rd monthly candle currencly still bearish below (20-40) smas, with a possible target of 1.26. it will be interesting see how this plays out.