The green lines are sell limit orders just in case the picture is too dark.
. Very little to lose, if this trade don't at least get you to pvp test. And DX is at a pretty decent weekly resistance level as well (26 Nov - 3rd Dec 2006), (8 Apr - 26 June 2007), (5 Oct - 19 Oct 2008), (3 May - 10 May 2009)
Buy:
audusd 0.9170
eurusd 1.3228
gbpusd 1.5280
eurjpy 123.1
gbpjpy 142.1
Sell:
usdcad 1.0178
usdchf 1.0838
Limit Buy order
eurjpy 122.75
gbpjpy 141
audusd 0.913
eurusd 1.32
Limit sell order
usdchf 1.089
What criteria do you use to quantify low and high? (Serious question)
good point .. but none of us have seen a major currency possibly fail before.
bailout could happen today perfectly and it will not change the fact that euro zone has high social cost. the cost go up with each clock tick. you got less workers to pay for the retired aging population. higher borowing cost only make matters worse. not only are they borrowing to keep todays retiring fed, but for the ones that have died years ago. its too late.
they are borrowing to pay yesterdays bill. with interest payments to pay the last interest payments....
I do expect panic/nervous to continue, if nothing extraordinary
happens till Friday at least.. Very busy week.. Stay short..
And I'll cover long side with other kamikazes
It's going to be violent one way and even more violent in the other..
Pick your site.. EU should probably drop some more...
Low 1.30? Soon it's going to be very interesting..
