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  • #233,741
  • Apr 29, 2010 12:50pm Apr 29, 2010 12:50pm
Quoting forex_trader
Do you think that 1.3000 could be tested before EU take action about to save Greece and the EUR?
These guys will have to be dropping money on Greece
Attached Image
  • #233,742
  • Apr 29, 2010 12:51pm Apr 29, 2010 12:51pm
Well, I don't think that 1.3000 will be hit after EU take action, in case if it is not hit before.

Question is how low can big player push the EUR before open their longs again... I think...

Quoting markonis
why does it matter if it takes before or after? there's no such thing as to save the greece. Euro zone is trying so save europe union finances and economy, it's not about the greece anymore it's about all of us
  • #233,743
  • Apr 29, 2010 12:54pm Apr 29, 2010 12:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 14 KB



IB Inside candle forming on the 4 hour chart
a break to the south would be very strong!!

support of the 50 MA AND 200 MA
the Shoch about to head down

A perfict bounce off the 50% "fib"

The fundys all in line

I am thinking we are going south

TEB
  • #233,744
  • Apr 29, 2010 12:54pm Apr 29, 2010 12:54pm
Quoting psiholog
I too am looking closely as to that 1.3000 will be broken sooner or later. The thing of major importance today and tommorow before market close is whether the 1.3260-90 area holds up. If you notice....it was heavy support on two previous occasions on the hourly chart and now that we have broken it on the hourly time frame the third time...the question is if it has become resistance. Any person who uses the "follow the trend" principle would be shorting here. Any person that may be looking for a break up of this area and a potential...
I agree, and I've been watching this also. I'm one of those "follow the trend" people you mentioned... I also keep a close eye on the USDX and the EURX (yes a few commodities as well) for insight. Looks like a little bit of a squeeze is taking place on the hourly.

Good analysis psiholog.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 29 KB
  • #233,745
  • Apr 29, 2010 12:59pm Apr 29, 2010 12:59pm
Quoting forex_trader
Well, I don't think that 1.3000 will be hit after EU take action, in case if it is not hit before.

Question is how low can big player push the EUR before open their longs again... I think...
Yeah, that's much better question, but I have no reasons to think that they would like to close shorts while euro is dropping on every shitty news. Who knows, maybe tommorrow we'll read news about how Ireland or Italy has bad depts. Maybe German women will tell that they will consider on bailout once more. Euro is now in center of attention and even good news about the bailout wouldn't get it straight on the track because people won't forget what happened to greece and that it might happen to any other eu country. So in near future I wouldn't expect a big up move, either it will be flat or down.
  • #233,746
  • Apr 29, 2010 1:00pm Apr 29, 2010 1:00pm
Quoting psiholog
I too am looking closely as to that 1.3000 will be broken sooner or later. The thing of major importance today and tommorow before market close is whether the 1.3260-90 area holds up. If you notice....it was heavy support on two previous occasions on the hourly chart and now that we have broken it on the hourly time frame the third time...the question is if it has become resistance. Any person who uses the "follow the trend" principle would be shorting here. Any person that may be looking for a break up of this area and a potential reversal is...
very much agree psi as well.

.....1.3265 level. this is the 50% retracement from the nearest high. 4 hourly attempts to close it above it and failed. break through that could test 1.33 and we'll go from there but i'll b shorting on the touch of downward trendline you have there
  • #233,747
  • Apr 29, 2010 1:02pm Apr 29, 2010 1:02pm
Quoting TEB63
Attachment


IB Inside candle forming on the 4 hour chart
a break to the south would be very strong!!

support of the 50 MA AND 200 MA
the Shoch about to head down

A perfict bounce off the 50% "fib"

The fundys all in line

I am thinking we are going south

TEB
DIVE DIVE DIVE
  • #233,748
  • Apr 29, 2010 1:03pm Apr 29, 2010 1:03pm
Quoting markonis
Yeah, that's much better question, but I have no reasons to think that they would like to close shorts while euro is dropping on every shitty news. Who knows, maybe tommorrow we'll read news about how Ireland or Italy has bad depts. Maybe German women will tell that they will consider on bailout once more. Euro is now in center of attention and even good news about the bailout wouldn't get it straight on the track because people won't forget what happened to greece and that it might happen to any other eu country. So in near future I wouldn't expect...
Maybe small trader with a few k in their account "because people won't forget what happened to greece" but big investors who move the market might see this an opportunity to buy in the deeps...
  • #233,749
  • Apr 29, 2010 1:04pm Apr 29, 2010 1:04pm
what actually makes this pair flat. euro is in bad shape. y not just move down??
  • #233,750
  • Apr 29, 2010 1:05pm Apr 29, 2010 1:05pm
Quoting forex_trader
Maybe small trader with a few k in their account "because people won't forget what happened to greece" but big investors who move the market might see this an opportunity to buy in the deeps...
You stuck in a long?
  • #233,751
  • Apr 29, 2010 1:06pm Apr 29, 2010 1:06pm
Quoting forex_trader
Maybe small trader with a few k in their account "because people won't forget what happened to greece" but big investors who move the market might see this an opportunity to buy in the deeps...
yeah, but 3115 isn't the deep price should turn back up. at least I don't think so. 2850-2880 would be a better thing.
  • #233,752
  • Apr 29, 2010 1:07pm Apr 29, 2010 1:07pm
Quoting forex_trader
Maybe small trader with a few k in their account "because people won't forget what happened to greece" but big investors who move the market might see this an opportunity to buy in the deeps...
LOL. We haven't even seen the deeps yet.
  • #233,753
  • Apr 29, 2010 1:15pm Apr 29, 2010 1:15pm
yes, I have a long at the moment, but in profit, I'll close it soon.. usually trying to catch some retracements

Quoting homestudy
You stuck in a long?
  • #233,754
  • Apr 29, 2010 1:17pm Apr 29, 2010 1:17pm
Taking the unexpect into expectation . further bull possible even though to break strong resistants.Up rallyies in most tf below daily now.
Hope not happen.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #233,755
  • Apr 29, 2010 1:17pm Apr 29, 2010 1:17pm
Quoting fxripper
what actually makes this pair flat. euro is in bad shape. y not just move down??
Because the market makers could care less whose doing good and whose doing bad. All they care about is profiting from all sides at all times no matter what fundamental event is going on. They play the news to their advantage in waves so they can profit at all times which is why technical analysis is valid in the first place. Even China is part of the game. Their market crashing which may or may not be controlled by Goldman Sachs like forces....suggests that the world is risk averse now. And speaking of Goldman Sachs.....if the US market tanks...are they the ones still profiting? Easy question. This all means a return to safety. What is safest?...the major currency that has been the most stable over the last century. Whoever invented the chart is a freaking genius to have even comprehended how to put news into pictures and we should all thank him..always. I truly believe a strong dollar and even more expensive gold is a high possiblity since gold is the currency that dominates all. Call gold papa and the currencies the high school girls always asking papa for money. Papa plays favorites, day to day and current fundies suggest hes paying attention to his little girl called the dollar.
Different opinions highly valued, ignorant to slander.
  • #233,756
  • Apr 29, 2010 1:17pm Apr 29, 2010 1:17pm
Heres my analysis for the weekly chart....

The Red line is the general consensus....most people think this is whats gonna happen.

The black line is what I think will happen, and the rest is what might happen after that.

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: EuroWeekly.jpg Size: 149 KB
  • #233,757
  • Apr 29, 2010 1:18pm Apr 29, 2010 1:18pm
Quoting PriceVolume
LOL. We haven't even seen the deeps yet.
What's the matter? A headline like this one today doesn't inspire confidence? LOL!

"Advance from a low" - nice oxymoron!

Euro Advances From Near One-Year Low on Outlook for Greece Aid

http://www.businessweek.com/news/201...reece-aid.html
  • #233,758
  • Apr 29, 2010 1:22pm Apr 29, 2010 1:22pm
Quoting Holoverse
Heres my analysis for the weekly chart....

The Red line is the general consensus....most people think this is whats gonna happen.

The black line is what I think will happen, and the rest is what might happen after that.

Enjoy
Usually happens what most of the people where talking
  • #233,759
  • Apr 29, 2010 1:26pm Apr 29, 2010 1:26pm
Quoting FXSurfer
What's the matter? A headline like this one today doesn't inspire confidence? LOL!

"Advance from a low" - nice oxymoron!

Euro Advances From Near One-Year Low on Outlook for Greece Aid

http://www.businessweek.com/news/201...reece-aid.html
That's almost as good as a headline that reads something akin to "EU saves Greece - Yet Again!...Pay no attention to the man behind the curtain. Or Portugal. Or Spain. Or Ireland or Italy for that matter."

Only thing that will get my attention will be if Bill Gates or Turner decides to write the EU a big, fat, get-out-of-jail-free check.
  • #233,760
  • Apr 29, 2010 1:28pm Apr 29, 2010 1:28pm
Quoting psiholog
Because the market makers could care less whose doing good and whose doing bad. All they care about is profiting from all sides at all times no matter what fundamental event is going on. They play the news to their advantage in waves so they can profit at all times which is why technical analysis is valid in the first place. Even China is part of the game. Their market crashing which may or may not be controlled by Goldman Sachs like forces....suggests that the world is risk averse now. And speaking of Goldman Sachs.....if the US market tanks...are...
I like this post. I said something similar a while back in regards to charts being a window to market sentiment, but I guess the forum wasn't feeling it!
All that is left in FF is just plain garbage. "Cloggie"
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