EURUSD

Just wanted to point this out. We currently have a triple bottom on the larger timeframes. This area is crucial because if its broken....we have room to go all the way to 1.2890 easily (the next significant support). If this area acts as support...the upwards target could be as high as 1.35...or higher..hard to say as pa would then be within range again. Simply put....its very important how pa behaves at these levels and more importantly how this week closes. If there are any buyers out there....well now may be the time to strike...relatively low risk trade but with a stop loss no more then 50 or so pips below the March lows. I know that's what I'm doing...only a half position scalp though.





Good pippin all

Good luck with that, ive reevaluated my next target to 3220 and primary target to 1.3131 and i love doing my i told you so dance ^^

LONDON (Dow Jones)--U.K. public sector net borrowing was larger than expected in March, taking the sum for the latest financial year to its highest level since records began 63 years ago, the Office for National Statistics said Thursday.

Public sector net borrowing was GBP23.5 billion in March--the largest amount since the monthly series started in January 1993. Economists surveyed by Dow Jones Newswires last week had expected net borrowing of GBP22 billion, while net borrowing in March 2009 was GBP20.1 billion.
The deepest recession in more than 50 years has depressed U.K. government tax receipts and pushed public spending higher over the past 18 months.
In the financial year that ended in March, public sector net borrowing soared to GBP152.8 billion--the highest since records began in 1946-47 and up GBP65.9 billion from 2008-09 but slightly below a government forecast of GBP156 billion.
That could provide the ruling Labour Party with a modest pre-election boost ahead of polls May 6, analysts said.
"But the big picture is that this is still the biggest budget deficit since the Second World War and on a rough par with that of Greece," said Jonathan Loynes, U.K. economist at Capital Economics. "With all parties' fiscal plans based on extremely optimistic economic assumptions and unspecified spending cuts, a further sizable fiscal squeeze will still be needed after the election, whoever is in charge."
Ratings agencies have threatened to cut the U.K.'s triple-A credit rating if aggressive action isn't taken to slash the budget deficit, which amounted to around 12% of gross domestic product in the last fiscal year.
The opposition Conservative Party criticized the borrowing figures, charging that the U.K. will spend more on debt interest this year--nearly GBP42 billion--than on children's education.
But the ruling Labour Party hit back, saying the numbers were indicative of the support the government had had to give the economy during the recession.
"Withdrawing support now would threaten the recovery--pushing borrowing higher not lower," said Chief Secretary to the Treasury Liam Byrne.
Excluding the effect of financial interventions, public sector net borrowing for the fiscal year was GBP4 billion lower than forecast by Chancellor of the Exchequer Alistair Darling in the March budget, leaving it at GBP163 billion.
A modest sign of improvement was seen in central government tax receipts, which rose to GBP39.8 billion in March from GBP38.4 billion a year earlier, mainly reflecting gains in taxes on production.
But that was dwarfed by total current expenditure, which jumped to GBP52.3 billion from GBP47.3 billion.
Public sector net debt was GBP890 billion at the end of March, equivalent to 62.0% of gross domestic product, up sharply from GBP742.3 billion, or 52.9% of GDP, a year earlier. That marked an all-time high for the financial year, with records starting in 1974-75. The public sector net cash requirement, meanwhile, was GBP25.8 billion in March, slightly lower than GBP28.4 billion the corresponding month a year earlier

imho the longer it takes before a bounce to 1.332, the less probable it becomes

DJ Market Talk: "EUR/USD heading for 1.30 - Saxo"

"Euro continues to be pressured by the Greek crisis, following the move by Eurostat to revise upwards the country's budget deficit for 2009.
EUR/USD falls to 1.3276, just off March's low of 1.3267, and below the 1.3389 opening level. "It is now clear that this situation will end
in some kind of rescue deal," says Saxo Bank. "At some point in this debacle, we'll be presented with a good opportunity to buy the euro,
but that time may not be just yet....are we headed toward 1.3000 in EUR/USD?"

Immediately hit BUY button

The funny thing is; about 2 nested shorts are keeping prices down. I am expecting a 4-hour bar to hit $1.38

There we go

heh already out...took that quick 40pips and ran for the hills

wtf just happend Were back Mortimer were back

Greek bailout....lol again
This market is really a no sense...full of shit

thats gr8 man hope u caught the spike up to 3329 keep it up

Skyzer must have finally decided to buy

Thats a mighty long reversal candle on the hr. Took a small 15 pip loss as I have to stay nibble for those "just in case" moments.

Let me do my "I told you so" dance.

whoops could be headed down big now

true story. it's a fixed game and we just speculate.

what deee hail ??

nice, done... thx

Get to put a break even on my trend line bounce long

Trading with this PA at this level feels a bit too much like gambling.

Enough to retake & more takes at that previous stop level now demand area perhaps .
fontu