EURUSD

25 drawdown, + 240.

1. #605

2. #607

3. #610

hahaha...

Be careful
The leopard is loose
Remember that they said ..

….Similar to short sale ban by the FED in 2008 at the height of crash, EU has now decided to take on the speculators. In an eerie similarity to what Dick Fuld (Lehman CEO) said “I am going to kill shorts”, French president was quoted: “We will confront speculators mercilessly. They will know once and for all what lies in store for them.”.

Man thanks for that chart really helped and got them now too those lines.
This daily bar looks really bad, good that there are still 8hrs for it to recover.

It should break out soon...i'm already short though...might add another short once it breaks it

Looks like that 2815 level is being defended..

1.2815....some decent support there, lower trendline of daily or weekly timeframe?

Back to 1.2880 and short again?

I have it bouncing around the Daily R1 once it get's tired there I'm sure it will head south with a vengence

Looks like a little support to me....no descent bounce yet...next downside target is the gap

No no - don' t worry my dear - not changed my views - but I have got the idea - that 2820 area might be the "Maginot Line" at the moment.

I must not bail it out here - da lasse ich gerne erst mal ein paar "Vorkostern" den höflichen Vortritt ...



;-)

Mmm just to clarify my earlier comment, from my charts it looks to me as though it's going to head for Friday's low before bouncing up again. I think it's going to be ranging 1.2500-1.3100 for a few days now. I hope it does cos there's money to be made if that happens

Some Trader/Analyst view:

"DETAILS OF EU/IMF/ECB Rescue

1. The 750 billion funding facility consists of 440 billion in government-backed guarantees from Eurozone nations, a 60 billion of in loans from the European Commission and 250 billion from the IMF in the form of fiscally-driven package (the bulk of which will be paid in by the Funds largest shareholderthe US).

2. The participation of the ECB will take the form of buying Eurozone govt bonds (purchases already taking place by Bundesbank, Bank of France & Bank of Italy but not yet by ECB) as well as 3-month and 6-month loan facilities at a fixed rate of 1.00%, but no 12-month facilities.

3. FX swap facilities were re-opened among the 6 major central banks (Fed, ECB, BoJ, BoE, BoC and SNB) aimed at reviving liquidity in USD-denominated money markets. As risk appetite falls and money market liquidity dries up, banks sustain a shortage of US dollars. These FX swaps are in effect a USD-denominated flow from the Fed to various global central banks in exchange of other currencies.

EURUSD is apt to accumulate gains at the NY open above $1.3080s, but any breach of $1.31 is expected to be limited at $1.3140. Medium-tem upside risks could suggests an extension to $1.3490s. Macro challenges facing Greeces austerity requirements as well as the remaining doubts with Spains short-term debt suggest a protracted retreat towards $1.23, followed by $1.17 by Q3, EURGBP has yet to prove that the 300-point recovery of the last 3 days is more than just the result of GBP uncertainty, therefore, a weekly close above 0.87 is required to reverse the 2-month downtrend."

Had internet connection problems but I'm back.

Short run almost made it to the trendline on hrly. Called that this morning. It's the only way for the up trend to continue, unless price break below the trendline.

small print being read.

(DJ) *DJ Moody's Says Could Cut Greece To Junk In Coming Weeks.. i will add the other piigs.. and france down grade to my list.

do you really have to wait for them to explain it.... w/o u.s. there is no deal.

Bonds already cut to Junk but it don't matter IMF will take it as

collateral from Greece.. Debt been canceled.. Moody can go to hell.


P.S: Further more I think Exchange Rates (targets) already set upfront for few quarters by big Banks

We just need our own insider. Everything is regulated.

Maginot-Linie has been holding so far - firstly...



palim palim

Took a long USDCHF closed out for 40 pips, got back in EUR again up 30 pips now....looks like EUR hit a trendline....waiting to see if it gets taken out...if so, I'm out.

who's long at this point?

I've been both long and short about ten times in past twenty minutes

sky.. its not over.. where there is smoke there is fire. this is just a band aid. chf is still doing its thing..