EURUSD

Third leg down establishing

below 1.2150 in a break out on the downside exposing 1.20 mark. stop looking at your tick by tick TF.

German BAFIN financial watchdog: Euro is being attacked

e1

5m and 15m ... looks like bottom accumulation , not sure tough.

I am just playing the wider 5m wedge scalping 5-10 points either way with 5-10 s/l.

Have got an indi for the EW?

Thanks

Who's that, link?

Euro is being attacked and Pound is getting raped. Goddamn, not going well for those two...

A nice symmetrical triangle developing.

I normally prefer a tighter range but I'll go long or short depending on which way we get a close - probably when the US opens.

Dow Jones futures showing a drop at the moment.

I have feeling we might see 10,100 today or may get some support at 10,200-300.

Bears are taking control. With the USDJPY below 91.50 atleast for some time. I am looking for sub 1.2 by day's end. Do need a close below 2130 for confirmation though

breakout it is .... good thing I accumulated some contracts on the bottom wedge and s/l on BE on them

edit: exited 5 contracts at 2215 , and leaving 1 contract at BE at 2180 just in case if there will be more up room.

Finally an upwards breakout is in the works. Now, lets see if I can get an entry signal out of it.

by who ?

all those gs bots with 'fat fingers' ?

same here waiting all morning for some movement this is a really scared market right now...

EURO SUMMARY: Opened in early Europe around $1.2190
-- Euro-dollar closed in NY around $1.2208, off session lows of $1.2161
seen after the initial react to the announcement of a German ban of
short selling CDS, European bonds and 10 key banking stocks. Rate
came under fresh pressure into early Asia as market here took stock
of the overnight announcement. Aussie took the lead, dropping from
$0.8638 to a low of $0.8515, prompting risk aversion trade that took
euro-dollar to fresh 4-year lows of $1.2143. Rate settled around
$1.2180 before extending recovery to $1.2225 as Asian equities pared
early losses. Rate dipped toward $1.2180 before recovering to $1.2220
ahead of the European open, coming under renewed downside pressure
that eased it back to $1.2160. Rate slowly recovered, edging above
overnight highs to $1.2227. Rate had slipped back to $1.2200 into
Merkel speech, the opening line 'the euro is in danger' dropped rate
to $1.2144. Recovery just as swift to $1.2214 but continued sales
weighed against recovery attempts, holding below $1.2200 ahead of NY.

Provided by: Market News International

I also dont understand what ppl are doing there on trading floors? Sipping coffee and smoking cigaretes? How can the market be so flat at this time?

Still no close above the upper tl. Still ranging imo.

its easy they can read email watch porn all the good things also I am sure they have lots of emergency meetings, or they just watch the show like most retail trader should do....

I am not happy to dissapoint you, but you have to include all price action with highs and lows in order to have complete picture.

Patience guys...We need a clear direction...U can scalp the range ;P

The pound seems a better option for a quick long