EURUSD

I am long at 3600 not sue i will survive if it drops to 3530

thats it I am done for today sl hit I am out had enough. Tomorrow a new day new luck.
cu guy then
take care
T.Cat

yes... i can see that.

sell any move to S2.

m

higher discount rate implies big sell off in Euro

no kidding lol

edit: take care T cat

Jim Rogers says Eur on its way down down down. Who's hopping on the bandwagon?

massive double top on usd index, long here

You're calling it a top? Way to early and completely unfounded at this point. You sure you're looking at a DX chart?

WORLD FOREX: Euro Drops Below $1.36 Amid Greece's Debt Woes

By Fabio Alves
OF DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The euro sank Thursday morning in New York, falling below $1.36 for the first time in more than a week, amid renewed concerns that Greece's sovereign debt crisis is far from over.

The euro lost more than 1.1% against the dollar and dipped to a one-week low against the yen. The common currency slumped to a nearly 17-month low against the Swiss franc, at CHF1.4458, though there were no signs of intervention from the Swiss National Bank.

The selling intensified as investors exited the European trading session.

Greece has ratcheted up pressure for financial help ahead of the European Union summit next week. A senior Greek official said Thursday Greece may seek IMF aid over the April 2-4 Easter weekend, during a trip to the IMF headquarters in Washington, because Athens holds out little hope for aid resulting from the EU summit.

"As markets realize that the recent 100 basis points decline in the Greek-German 10-year [government bonds] spread was founded on anticipation of a Greek deal rather than an actual package, they will find little resistance in driving back down the euro towards its February lows of $1.34," said Ashraf Laidi, chief market strategist at CMC Markets in London.

Investors are getting increasingly anxious about Greece's sovereign debt problems as the country has a significant amount of debt coming due in April and there's still no concrete financial rescue package in place to ease concerns.

"Three months have elapsed since the last credit downgrade of Greece and still no credible solution on how it will obtain EUR65 billion to meet its short term debt obligations," Laidi said.

The political back-and-forth around a bailout has pushed the cost of protecting against a Greek default higher, reaching 307.5 basis points, equivalent to EUR307,500 in annual premiums to insure EUR10 million in debt for five years Thursday from the close Wednesday at 285 basis points, or EUR285,000.

"[Speculation of IMF aid] reminds investors that the Greek crisis has not been fixed," said Jane Foley, a research director at Forex.com in London. "The market is becoming increasingly aware of Greece's rollover that needs to be done in the spring...so Greece remains pretty close to a funding crisis."

Late morning Thursday in New York, the euro was at $1.3601 from $1.3737 late Wednesday, according to EBS via CQG. The common currency dipped as low as $1.3586. The dollar was at Y90.70 from Y90.25, while the euro was at Y123.35 from Y124.01. The U.K. pound was at $1.5219 from $1.5320. The dollar was at CHF1.0637 from CHF1.0549.

The ICE Dollar Index, which tracks the U.S. currency against a trade-weighted basket of currencies, was at 80.380 from 79.726.

Demand for the euro as well as other higher-yielding currencies waned overnight after comments by Greek Prime Minister George Papandreou.

Papandreou asked that European Union leaders at their summit next week agree to a package of standby loans to restore confidence in the country's debt.

He also confirmed that Greece is keeping its aid options open, but would prefer help from the European Union to a bailout by the International Monetary Fund.

The prime minister has spoken with the IMF and said that the tough fiscal austerity measures Greece has put in place already conform with IMF requirements.

The Greek Finance Ministry Thursday denied reports that the country might seek support from the IMF.

"Greek officials have denied press reports that it will go to the IMF in early April if not satisfied with the results of the EU summit. But even in the denial, it seems to affirm that is a choice open to it," Win Thin, a currency strategist at Brown Brothers Harriman in New York, wrote in a note to clients.

Meanwhile, currency markets showed little reaction to U.S. economic data, including weekly jobless claims and the consumer price index for February, both largely in line with consensus estimates.

U.S. consumer prices were flat in February from the previous month as higher car prices were offset by lower energy costs, leaving scope for the Federal Reserve to keep supporting the economy with record-low interest rates.

The Labor Department said in its weekly report Thursday that initial claims for jobless benefits fell by 5,000 to 457,000 in the week ended March 13. The previous week's level was left unrevised at 462,000.


March 18, 2010 11:49 ET (15:49 GMT)


DOW JONES NEWSWIRES



Market dropped to below SUP 3 (third daily support zone at 1.3612) very fast. That was nice. Thank you GREECE!

in case you ve missed it from the ft

massive? stand back and have another look. if you want to see massive

theres a spinner but month aint over. just a few pips cancels it

that's great.

aii..
waiting for the next train to go downtown again..

Not for me.. Thanks for sale..

Buy LOW sell HIGH and not vise versa.

Goodluck tommorow my friend.

EUR is on the very last attempts to make a low, and it is completing wave E of a expanding triangle. This is a very good opportunity for buyers. Next week 3850 should be seen. This is one superb buy

The price has broken bullish trendline.

If the price breaking down 1.3530 confirm bearish movement.

http://img59.imageshack.us/img59/4175/dibujoopv.png

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EUR is down because they reanimate scary story about Greece

again, whoever paying for this BS, Soros or Rojers, those 2 scambags

crying laud how's dollar all good.. Same as Freddie and Fannie was

just before they've been collapsed..

Will it last?