Attachments: EURUSD

EURUSD

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#246,281
May 21, 2010 7:14am May 21, 2010 7:14am

hyperion1980
| Joined Apr 2010 | Status: Belgian Trader (as a hobby) | 242 Posts

what is happening? my broker is'nt sending me any news!

#246,282
May 21, 2010 7:15am May 21, 2010 7:15am

andreypu
| Joined Feb 2010 | Status: Trader | 588 Posts

$ yen stuck in 15 pips range

Andreyou

#246,283
May 21, 2010 7:17am May 21, 2010 7:17am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Will SNB intervene everyday or what ? how come CHF is being sold off ?

COT: The precious data ignored

#246,284
May 21, 2010 7:17am May 21, 2010 7:17am

TudorJonesJR
| Joined Feb 2010 | Status: Trader | 719 Posts

Quoting hyperion1980

Disliked

what is happening? my broker is'nt sending me any news!

Ignored

latest news, doubt that had anything to do with the move down

Inserted Code

HIGHLIGHTS-European Union finance ministers' gathering

    BRUSSELS, May 21 (Reuters) - EU Council President Herman Van 
Rompuy convened the first meeting on Friday of a "taskforce" of 
EU finance ministers to discuss budget consolidation and 
economic governance in the European Union.  
    Following are comments by ministers and other officials 
ahead of the gathering. 
     
    AUSTRIAN FINANCE MINISTER JOSEF PROELL 
    On whether he favours German proposal of orderly insolvency 
for states:  
    "I'm open for everything but we have other priorities. The 
question of sanctions must take priority. We must do everything 
we can so that countries that are lax with their budgets can be 
rapped on the knuckles. That's the task. With what instruments 
this can be achieved." 
     
    SWEDISH FINANCE MINISTER ANDERS BORG 
    "The recovery depends on confidence and confidence is built 
on trust in public finances. If we want to secure recovery we 
need to secure public finances. 
    "We need to be able to report earlier than in autumn, this 
cannot go on for months.  
    "We need to emphasise more the importance of debt, debt 
level is crucial in the crisis of confidence ... We need to have 
stronger sanctions and better national frameworks; the culture 
of stability needs to be reinforced. I see strong points in the 
German proposal."

#246,285
May 21, 2010 7:19am May 21, 2010 7:19am

profxtrader
Joined Jan 2009 | Status: Trader | 885 Posts

Quoting SkyzerFX

Disliked

So are you saying we going to new high?

Ignored

The only to get the Euro high is to give it some weed. This consolidation will end soon enough (although maybe not today) and we'll see a new low.

Every time you use 'hopium' in a post, God kills a kitten.

#246,286
May 21, 2010 7:21am May 21, 2010 7:21am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

Quoting profxtrader

Disliked

The only to get the Euro high is to give it some weed. This consolidation will end soon enough (although maybe not today) and we'll see a new low.

Ignored

I was thinking the same yesterday and then.... kaboom it went up.... go figure...

Trade on your own risk Plan your trade&trade your plan dont be a

#246,287
May 21, 2010 7:22am May 21, 2010 7:22am

hjs69
| Joined Mar 2010 | Status: Zulu | 170 Posts

The pair managed to breach the neckline shown in our reports yesterday at 1.2430, while pushing towards the upside to closely near the main key target at 1.2570. This confirms natural trading within the descending channel will continue; therefore, we expect to target resistance levels at 1.2950. Some bearish correction is expected due to negativity from momentum indicators, but in overall a bullish intraday trend is expected; targeting 1.2785 initially and requires 1.2470 to remain intact.
The trading range for today is among the key support at 1.2470 and the key resistance at 1.2785.
The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.

Use the info on own thinking, no responsibility will be taken,

He who fears being conquered is sure of defeat - Napoleon Bonaparte

#246,288
May 21, 2010 7:26am May 21, 2010 7:26am

manojsai
| Joined Jan 2010 | Status: Trader | 558 Posts

1.2876 will give the first correction..........as it marches to 36** area.

#246,289
May 21, 2010 7:29am May 21, 2010 7:29am

goods
Joined Feb 2010 | Status: Helping Others | 1,668 Posts

Quoting manojsai

Disliked

1.2876 will give the first correction..........as it marches to 36** area.

Ignored

Until then load up buys at 1.2449

Know when to hold em, Know when to fold em!

#246,290
May 21, 2010 7:35am May 21, 2010 7:35am

manojsai
| Joined Jan 2010 | Status: Trader | 558 Posts

Quoting goods

Disliked

Until then load up buys at 1.2449

Ignored

load them up...........to the brim.......because you will soon be shorting EU to the 0.**** area.

#246,291
May 21, 2010 7:35am May 21, 2010 7:35am

SkyzerFX
| Commercial User | Joined Jul 2009 | 5,375 Posts

Quoting manojsai

Disliked

1.2876 will give the first correction......

Ignored

It's going to take lots of work from ECB daily to get there.

How this all Sh*t can be bullish, economically speaking?

They just made things worse by dumping 1 trillion on the heads

of lazy Greeks.

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)

#246,292
May 21, 2010 7:38am May 21, 2010 7:38am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

Quoting SkyzerFX

Disliked

It's going to take lots of work from ECB daily to get there.

How this all Sh*t can be bullish, economically speaking?

They just made things worse by dumping 1 trillion on the heads

of lazy Greeks.

Ignored

sky stop thinking just trade whats in front of you. I gave up a while ago as it made me angry. Now I just try and get the direction right to close of my books for the week.

Trade on your own risk Plan your trade&trade your plan dont be a

#246,293
May 21, 2010 7:38am May 21, 2010 7:38am

Predi
| Joined Mar 2010 | Status: Trader | 202 Posts

Quoting manojsai

Disliked

1.2876 will give the first correction..........as it marches to 36** area.

Ignored

I think a lot of you guys lost money in 3660 area because when EURUSD is rising you always talk about 3660 or higher lol...

Things to rethink:

1.We are in a massive down trend, started much higher than 1.36
2.This is a correctional movement, either wave"6" or "8" but whichever you want it to be, It cannot go higher than 1.3080 because that would disqualify it as being a correctional
3.What is stronger, a trend or a correction?
4.It is well know that people lose their money mistaking correction for trend

And that is just little from technical point of view...how about fundamentals? Did Greece vanish from world map? Don't think so.

#246,294
May 21, 2010 7:40am May 21, 2010 7:40am

mfoste1
Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts

wonder if well hit this today

http://www.forexfactory.com/showpost...stcount=245327

#246,295
May 21, 2010 7:41am May 21, 2010 7:41am

manojsai
| Joined Jan 2010 | Status: Trader | 558 Posts

Quoting SkyzerFX

Disliked

How this all Sh*t can be bullish, economically speaking?

.

Ignored

it is the small correction wave......... before it plunges........to 0.***

#246,296
May 21, 2010 7:41am May 21, 2010 7:41am

hjs69
| Joined Mar 2010 | Status: Zulu | 170 Posts

Quoting SkyzerFX

Disliked

It's going to take lots of work from ECB daily to get there.

How this all Sh*t can be bullish, economically speaking?

They just made things worse by dumping 1 trillion on the heads

of lazy Greeks.

Ignored

They will wait till late in the US session, before they take action, like yesterday