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  • #215,501
  • Mar 24, 2010 5:26am Mar 24, 2010 5:26am
Quoting Sugarfree.h
I think in short term this PA is understandable, but long term this the news from the Eu will have the impact. ECB will clear the situation between Greece and Germany, now we all can see chicken fight in them comments, which goal is that freak down movement.
"Freak" down movement? Have you looked at a daily chart lately? We've only been in a downtrend since December.....
  • #215,502
  • Mar 24, 2010 5:26am Mar 24, 2010 5:26am
Quoting kommo
Thank you. What about the US news coming soon?
I think this pair seems to have its own Agenda at the moment, regardless of economic news. It is the bigger news like the Portugal downgrade that are moving it. Until a few months ago there were rumours of the Euro taking over from the USD as the World's reserve currency so all sorts of Banks, Governments etc were buying it and now they are dumping it and buying the USD again, not surprisingly. It may not have a future at all.

The only thing in the favour of longs is that it has dropped a great deal today so there may be a reasonable retrace at some stage. Someone like Goldman Sachs may put a buy on it so that they can sell it at a better price. Who knows? Good luck.
  • #215,503
  • Mar 24, 2010 5:28am Mar 24, 2010 5:28am
Quoting PriceVolume
"Freak" down movement? Have you looked at a daily chart lately? We've only been in a downtrend since December.....
i mean not the trend, just today's PA, from 1,3440 to 1,3340
  • #215,504
  • Mar 24, 2010 5:28am Mar 24, 2010 5:28am
LONDON (Dow Jones)--The euro sank to a new 10-month low against the dollar in Europe Wednesday, as reports that Germany and France now both back International Monetary Fund participation in a Greek bailout failed to lift sentiment.
News that Fitch downgraded Portugal to a double-A minus rating with a negative outlook also served to undermine the single currency.
Any IMF contribution to help for Greece is seen as evidence that the European Union is incapable of resolving its own problems and that a summit meeting of EU leaders in Brussels Thursday and Friday is unlikely to come up with an early solution.
Some analysts reckon France and Germany are merely calling Greece's bluff on the issue, after the country threatened to seek IMF aid if a euro-zone financial package doesn't emerge from the summit.
Also, Germany is believed to be insisting that any bailout only be implemented after Greece has exhausted all other credit-market options for raising funds, a process that could well mean that the country has adopt even further austerity measures.
The single currency sank as far as $1.3342, its lowest level since May 2009, despite economic data suggesting that the euro zone economy itself is in better shape than expected.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #215,505
  • Mar 24, 2010 5:30am Mar 24, 2010 5:30am
Quoting Caravanpark
I think this pair seems to have its own Agenda at the moment, regardless of economic news. It is the bigger news like the Portugal downgrade that are moving it. Until a few months ago there were rumours of the Euro taking over from the USD as the World's reserve currency so all sorts of Banks, Governments etc were buying it and now they are dumping it and buying the USD again, not surprisingly. It may not have a future at all.

The only thing in the favour of longs is that it has dropped a great deal today so there may be a reasonable retrace at...
I hope your scenario plays out - I truly do. It would allow those that didn't cut off their longs to get out. It also means I could add to my shorts yet again.
  • #215,506
  • Mar 24, 2010 5:32am Mar 24, 2010 5:32am
I don't think that there would be any retrace. It will be going straight down if US news confirm this speculation move.
  • #215,507
  • Mar 24, 2010 5:33am Mar 24, 2010 5:33am
Time for some shut eye for me.....good luck to you all for the US session
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,508
  • Mar 24, 2010 5:33am Mar 24, 2010 5:33am
and here it is, pivots monthly S1 and a big monthly fib, you don't get those opportunities every day.

Symmetry is 1.37
----- Dragonfly out in the sun you know what I mean, don't you know
  • #215,509
  • Mar 24, 2010 5:34am Mar 24, 2010 5:34am
Quoting Sugarfree.h
i mean not the trend, just today's PA, from 1,3440 to 1,3340
I see. Tip off yesterday on this move was the failure of this pair to rebound off support. Viagra couldn't get it up. Twice.
  • #215,510
  • Mar 24, 2010 5:34am Mar 24, 2010 5:34am
Quoting DrLobo
Question: where are all the bulls at ?
Answer: Plaza de torros.

I called this last week, not sure why there was any resistance on Monday. That was annoying.
Plaza de toros
  • #215,511
  • Mar 24, 2010 5:34am Mar 24, 2010 5:34am
Quoting guzda
I don't think that there would be any retrace. It will be going straight down if US news confirm this speculation move.
Down to 0 in few days....you have to rely on US dollar only with their trillions debt...that's the only currency that everyone should have....Viva americans!

I've read an article saying that the DXY index is usually strong in january & february...and peaks in march ....maybe April month will be a little dollar bear...well i hope so
COT: The precious data ignored
  • #215,512
  • Mar 24, 2010 5:36am Mar 24, 2010 5:36am
Quoting sophiaphia
and here it is, pivots monthly S1 and a big monthly fib, you don't get those opportunities every day.

Symmetry is 1.37
I've got monthly S1 at 3372? Pivot at 3699?
  • #215,513
  • Mar 24, 2010 5:38am Mar 24, 2010 5:38am
Fib Retracement is completed for the Daily TF so any time soon it will go south.
but have not taking the trade yet.
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Trade What You See and Not What You Think
  • #215,514
  • Mar 24, 2010 5:40am Mar 24, 2010 5:40am
Quoting kuroro001
Down to 0 in few days....you have to rely on US dollar only with their trillions debt...that's the only currency that everyone should have....Viva americans!

I've read an article saying that the DXY index is usually strong in january & february...and peaks in march ....maybe April month will be a little dollar bear...well i hope so
I hope so too. I have a buisness and for me strong euro is crucial, but hopes are one and market is something else.
  • #215,515
  • Mar 24, 2010 5:40am Mar 24, 2010 5:40am
Quoting Anis
the day i've been waiting for but i missed it..

Same here my friend, same here missed them 100 lovely pips
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #215,516
  • Mar 24, 2010 5:41am Mar 24, 2010 5:41am
Quoting Fx Newbie
Fib Retracement is completed for the Daily TF so any time soon it will go south.
but have not taking the trade yet.
I don't think this is a correct way to place fibo

sorry mate .
I SEE YOU !!
  • #215,517
  • Mar 24, 2010 5:42am Mar 24, 2010 5:42am
ah, i have to work on my entries. had hoped for a retracement to 1.3515 in order to enter short before my nap... so i missed the fun again *cry* euro is going down without me...
  • #215,518
  • Mar 24, 2010 5:42am Mar 24, 2010 5:42am
Quoting AMuharram
Same here my friend, same here missed them 100 lovely pips
Then buy it back! perfect opportunity right now
  • #215,519
  • Mar 24, 2010 5:43am Mar 24, 2010 5:43am
Quoting dbfusion
I don't think this is a correct way to place fibo

sorry mate .
ok tell me i am hear to learn
Trade What You See and Not What You Think
  • #215,520
  • Mar 24, 2010 5:44am Mar 24, 2010 5:44am
Quoting Togu
Then buy it back! perfect opportunity right now
Hmmm! .
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