EURUSD

if 1.36 is broken i'm going short

usdx touching old tl at 80.57.. once broken... back in the saddle again.

TOKYO (Dow Jones)--The euro fell against the dollar and the yen in Asia Tuesday as speculators took profits before a key U.S.-Greece meeting later in the global day, while weak U.K. housing data sent sterling broadly lower.

It isn't clear whether the single currency's recovery that started around the beginning of the month has ended, but the longer-term outlook remains gloomy due to persistent doubts about the fiscal and economic health of some of the 16 euro-zone nations, dealers said.
Profit-taking by Asian investors and U.S. hedge funds pushed the euro down by three-quarters of a yen from New York late Monday to Y122.33 on EBS during Tokyo hours, traders said. The common European currency also slipped a fifth of a U.S. cent to $1.3607 at one point.
The sellers took profit on the euro's gain overnight as caution set in before planned meetings between Greek Prime Minister George Papandreou and U.S. President Barack Obama and Treasury Secretary Timothy Geithner, dealers said.
Papandreou has said he is seeking support from the Obama administration to rein in the type of market speculation he blames for driving up Greece's borrowing costs, while traders are also watching whether the Greek prime minister says anything new about his nation's debt troubles.
Also, "people just don't feel like buying the euro or sterling," said Mamoru Arai, a senior trader at Mizuho Corporate Bank. "The outlook is just weak for both of them" because of concerns over some euro-zone nations' fiscal and economic problems and the U.K.'s growing debt, he said.
Arai tips the euro to trade in a $1.3400-$1.3900 band in the coming few weeks.
Sterling fell to an intraday low of $1.4995 compared with $1.5063 in New York, while it also slid versus the euro and the yen.
The pound suffered from data released in Asian time by the Royal Institution of Chartered Surveyors showing that in February, the proportion of surveyors reporting a rise in U.K. house prices exceeded the proportion reporting a fall by 17 percentage points. That was the lowest level since the plus 9.4 reading in August 2009, and sharply missed the plus 32 forecast by economists polled by Dow Jones Newswires. The fact that players in Asia have reacted to the data--which in the past have drawn little attention--highlighted how weak sentiment toward sterling is amid worries over the U.K.'s economy and growing debt and the pound's recent weakness, dealers said.

nap time till alarms hit

looks like the support levels at 1360x are holding up well in this session,

3660 here we go (again).

Not so sure about that yet. Selling pressure seems to have a bit more conviction on the 5M at the moment.

eu count now .
http://www.forexfactory.com/showpost...4&postcount=12
Though a scalping long taken but it risky & not in plan of action in this pair.
fontu

if it retests it again its bound to break through one of these times lol

I personally think its going down from now...
i have taken a short at 1.36167

I will revise my position depending on m30 candle close


1.359 is atleast my target..

lets see how this plays out!

Narrowing range. But that doesn't mean it's definately going to break to the downside. LOL

Whats your SL?

Since i try to negate with the spikes.. i will wait for h1 close..

close of h1 under 1.3620 and i will keep holding!

I'll go long if it hits 1.363X otherwise I have a shot bias most certainly under 1.36

It's hit 3630 several times today....it hasn't hit 3640 though......fwiw

Hey does frankie open at the top of the hour ?

good morning everybody
do you think 1.360x will hold.........I don't

Yep

hey guys,

euro seems full bearish keep short without stop. its first target seems 1.3530 and next 1.3507. so keep short wait and watch.

i am rather confident that we will see 1.35845 today...Atleast!

Nice breakout. Behold the fade power of a psych level....LOL