EURUSD has corrected...

EURUSD has corrected itself, time to go long for the long term...

Eur... there is no correcting to occurr... Greece is screwed, Greece is part of Euro... Spain, Portugal are also along the same line... Euro does not have any good news, they are trying to stablise the Euro.. but until there is confident restored in Euro... I would not be buying for the long term.

Please... the Euro is desperately clinging to a piece of toilet paper stuck to the side of the bowl. As soon as one of the other swirling pieces of sh*t bump up against it, back into the frigid, chunky brown water is goes.

i wouldnt even be buying for the short term it could plummet anyday remember the old saying trade with the trend.


damien

you are basing it on pure technical, and that will haunt you.

Please look at both fundamentals, and technical.

I think the Greece bailout will still go on hold/postpone. It's human by nature prespective.
They like to keep their money to them-self, or etc.

I think there will be some correction for E/U to go long for few days/weeks,
but still unless the bailout is fully approved and done, it's going to look bad for the Euro.
In this term, I would want to short this one in medium term period.
But I would want to go long on this if there good sign of approvals on the bailout.
It's quite a mess on the fundamental here.

Tbb elaborate...?

havnt you been watching the news its pretty easy to see what fundementals tbb is talking about

damien

Lucidlamp.......... normally I would agree with you that the euro would be ready to bounce but the fact that the euro is in deeeeeep shit due to greece and the pigs .... I think the fundamentals rule here for a while.

SOOOOO.... You just keep buying the euro there buddy.... I will be more than happy to relieve you of your excess funds.

i hope everyone sees the indicator on the above chart. It is quite important.

what exactly is it if you dont mind me asking?

regards damien

"Large Traders" as a group are massively short.


You're looking at a picture without reading the story. There's more to trading than drawing a line on a chart.

You can be sure that slime-ball soros is right in the thick of it......

what do u guys think about eu?

It is headed for hell...........

Yeah. It appears the the EURUSD has only managed to perform a deadcat bounce, and is likely yo head back to new intra-year lows.