EURUSD

That's what I'm talking about

That's exactly what I mean this move now is completely ruled by fundamentals..It can careless what Fib lines I draw or any other TS crap.
Maybe I will keep my hedge in and wait a few days..

It really sucks when you have nothing to go on except people dying in the streets..
Dean

you just said it and bang...

Just closed my Short from 920

hope to reload it again....

BERLIN (Dow Jones)--The group of German professors seeking to derail Berlin's contribution to a Greek rescue plan will file a lawsuit against Germany's law that allows financial aid at 1000 GMT, Friday, the group said in a statement.
"It's about the stability of the [euro] currency as a fundament of the currency union, and therefore also the economic and social fate of all citizens of the currency union," said the statement.
The lawsuit will be filed after the scheduled vote on the Greek aid bill in the lower house and before the upper house of parliament has voted on it and before German President Horst Koehler would sign it should it pass. The bill is expected to be passed by parliament.
The plan comes after Greece last weekend reached an agreement with the European Union and the International Monetary Fund on a three-year debt reduction program, which involves EUR110 billion in loans, a record bailout plan.
Germany would provide up to EUR22.4 billion of the EUR80 billion that the euro-zone countries have pledged in loans to Greece.
The group consists of Joachim Starbatty, a retired economics professor from the University of Tuebingen, Karl Albrecht Schachtschneider, a retired University of Nuremberg law professor and expert on the constitutional court, and retired economics professors Wilhelm Hankel and Wilhelm Noelling. Noelling is a one-time governor of the Bundesbank, Germany's central bank.
The same group of four were behind an ill-fated legal challenge which sought to prevent Germany from adopting the euro 12 years ago.
The group has been joined by Dieter Spethmann, a former chief executive of Thyssen AG.
-By Andrea Thomas, Dow Jones Newswires; +49-30-2888-4126;

EURO-DOLLAR: Losses stretch to $1.2860 area now as further selling is
seen from macro and real-money names, "everyone" is selling, is the
response to the obvious question. Area of $1.2850 said to hold barrier
with bids layered from $1.2865 down to that level. Trader notes ongoing
distressed selling in other currencies as euro weakness spills over.

Provided by: Market News International

I was born - shorting

I just don't see what the big surprise here was, clever traders here have been calling short since 1.34, even with all those bounces where euro bulls started getting raging hardons.

1.28 will very likely be hit by the end of the day and if it starts going lower expect a minute rebound, if this continues though.. expect november 2008's lows.

So yes im calling short till 1.23 within the next weeks although this time not within a timeframe of 2-3 weeks like that drop now.

2860 taken im out..

screw this, accidentally tapped the buy button on my sell - bloody touch pad.

BERLIN (Dow Jones)--The group of German professors seeking to derail Berlin's contribution to a Greek rescue plan will file a lawsuit against Germany's law that allows financial aid at 1000 GMT, Friday, the group said in a statement.
"It's about the stability of the [euro] currency as a fundament of the currency union, and therefore also the economic and social fate of all citizens of the currency union," said the statement.
The lawsuit will be filed after the scheduled vote on the Greek aid bill in the lower house and before the upper house of parliament has voted on it and before German President Horst Koehler would sign it should it pass. The bill is expected to be passed by parliament.
The plan comes after Greece last weekend reached an agreement with the European Union and the International Monetary Fund on a three-year debt reduction program, which involves EUR110 billion in loans, a record bailout plan.
Germany would provide up to EUR22.4 billion of the EUR80 billion that the euro-zone countries have pledged in loans to Greece.
The group consists of Joachim Starbatty, a retired economics professor from the University of Tuebingen, Karl Albrecht Schachtschneider, a retired University of Nuremberg law professor and expert on the constitutional court, and retired economics professors Wilhelm Hankel and Wilhelm Noelling. Noelling is a one-time governor of the Bundesbank, Germany's central bank.
The same group of four were behind an ill-fated legal challenge which sought to prevent Germany from adopting the euro 12 years ago.

Wow...glad I stayed out...umm...mostly....SL hit on the very small buy I had put in. Sad part is I saw +16pips...but stayed in...then it just reversed and crashed.

For now...watching the Dive...what fun it is.

BP

Not surprised, the Nazi's (germans) did steal all their gold in iiww, and now, this is when the greek remember it. When Germany says not a cents ....

That doesn't look good...

again who still shortingggggggg

Free fall again

Shall we Dance?!

Thanks , but I closed all shorts but retake again below 50 . No such strong support before 1.2544 but 1.2717 area may have some not strong perhaps . so more than free fall continues.
fontu

easy 55 pips there

I think we will be seeing corrections. Central banks could intervene. Will CBs intervene?
Still EUR has dropped out of daily channel..no corrections yet

This is getting to much my dam hedge trade is over $15,000 now!