EURUSD

Thanks for clarifying seems to be the case.

It's a three month forecast....plenty of time 'till then

I am long..yes it looks like a reversal point, but I have not a reel confidence in the moment, the chart not confirmed yet powrful...

1.352 short ..looking for 1.350

I am not sure if the PA is supporting this theory though.

whats your SL?

By Nicholas Hastings
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Reduced expectations of a bailout for Greece, fears that Asian central banks may now start raising interest rates and concern over a series of key events later this week have combined to leave major currencies largely directionless in Europe Monday.
Initially, the dollar benefited and the euro fell as the market digested a weekend interview by German Chancellor Angela Merkel, in which she denied any plans to help Greece.
She warned against raising "false expectations" in financial markets that a solution will be found at the European Union summit starting this Thursday. She said Greece hadn't asked for any funding and that the issue isn't on the agenda for the summit.
This apparent hardening of Germany's line on Greece came as a new poll shows that most Germans are opposed to a bailout and a third of them think Greece should be asked to leave the euro zone.
Merkel's comments also highlight the widening split within the euro zone over how to handle Greece. EU Commission President Jose Manuel Barroso had previously indicated that the summit would be used to produce an emergency funding plan.
Currency markets were also rocked by events on the other side of the world when India announced a surprise increase in interest rates Friday.
This brought speculation that other robust emerging markets, especially those in Asia, will follow suit. The prospect of reduced global demand immediately hit commodity prices and added to downward pressure on global stock markets.
Financial markets will now focus on the testimony that Federal Reserve Chairman Ben Bernanke is due to give to Congress Thursday on plans for an exit strategy, to see there is any impact on expectations of a U.S. economic recovery.
The other key event this week is the U.K. budget, due Wednesday. This is the last the Labour government will present before the general election that should be held in early May and is widely expected to be fashioned more for winning votes than reducing the country's deficit.
The pound, meanwhile, wasn't getting much help from the latest weekend polls showing that the opposition Conservative Party's lead is still around six basis points, and that a hung parliament remains the most likely outcome.
Elsewhere, currency markets remain on alert for intervention from the Swiss National Bank as the euro sinks even further towards CHF1.43. Some analysts warn that the Swiss central bank could be faced with an even more difficult task of halting the franc's rise if the euro slides below its October 2008 low and starts breaking through Fibonacci points between the all-time record low of CHF1.4130 and CHF1.3830.
At 1030 GMT, the euro was down at CHF1.4336 from CHF1.4361 late on Friday in New York, according to EBS.
The euro was down at $1.3526 from $1.3535 but holding steady at Y122.47.
The dollar was up a little at Y90.57 from Y90.50.
The dollar was also down at CHF1.0600 from CHF1.0610 while the pound fell to $1.4993 from $1.5016.

That's really funny! I was trying to work out the significance of your numbers! I appreciate your honesty! Good luck.

The orange line is the MA21.

I think this graph indicates price reversal point.

Very tight range.

Looking to go short if it gets to 1.3550ish with stop just above resistance and daily pivot at 1.3560.

NO SL as of now since i am waiting for hour close. since it will be end of h4 also.
Ideally the hour should close around 1.352. lets see

interesting market ..long and short people..this is why the market shake...but following the long term market from reversal areas is the best entry points usual ..What I try is at least to analyze from 5 m to 4h the trending and a hit to 13500 is like not possible since 1 hour PA moves where I analyze the 13520 level area is a trend change maybe, I wait for the last indicator confirmations..The fast trigger touches the slow one and is green,the slow is still red the 4 h move candle is still red but in the middle, soon the trend reversal confirmation can come..
My plan "catch the train"

"German and Dutch leaders have concluded in the nick of time that they cannot defy the will of their sovereign parliaments by propping up a country that lied about its deficits, or risk court defeats by breaching the no-bail-out clause in Article 125 of the EU Treaties."

http://www.telegraph.co.uk/finance/c...uperstate.html

If Greece declares bankruptcy and gets kicked out of Euro partnership, then isn't it better for all parties including Greece?

I'm not seeing any trend reversal......I'm just seeing uncertainty at the moment....as we have seen for weeks.....

EURO-SWISS: Traders report a Swiss name has been a big buyer of
euro-Swiss in recent trade, the cross is up from Chf1.4323 earlier in
the session to currently trade Chf1.4358

Provided by: Market News International

same here and I came to the conclusion that my anal-ysis from this morning was ok have pending orders € sell 1.3496 uj buy 90.41 uc buy 1.0137.

Not touching DAX right now it broke a lot of support and is very close to 5900(psych) and mega support. Should this mega support go I am short otherwise not touching it. Short from 5885... hopefully thats far far away.

that is why its important to follow a trading system. follow it and dont listen to all the news crap. its all noise and you will go crazy figuring which is which

long @3528

good luck all

Yep,....I'll continue to sell the tops until this thing either drops, which I think will come sooner or later, or I see a reason to go long on it.....