EURUSD

it has to consolidate at 2209 area for more journey up. short at 2236 with target at 2209

My sentiment too. This could be another consolidation before another upward move.

It will be funny as hell, if it will go to 1.231 in an hour just to go down with fireworks

European Forex Technicals: New-Found Optimism Boosting EUR

14 Jun 2010, 08:25

By Francis Bray


Intraday EUR/USD :

Monday's strength has forced a break into fresh six-day highs following the push above 1.2153, and near-term bulls are putting pressure on the 1.2216 lower high. However, upside scope has been created for the 1.618 extension target at 1.2277, which lies ahead of the June 3 lower high at 1.2327. But the key 1.2406 projected target which keeps the dominant bear trend intact is still out of reach for now. Corrective weakness will attract support in the 1.2150 area, but only below last Friday's low at 1.2045 would concern near-term bulls.

Weekly chart EUR/USD trend: Bearish.

Short @ 1.2250 SL 1.227

not much selling visible, Good Luck

also got this message from my broker
other brokers have the same margin changes? This could be a factor for the shortsqueeze.. margin calls, but on the other hand..this is not a stock with a low marketcap..

:

NOTIFICATION OF UPCOMING MARGIN CHANGES



In light of the extreme volatility in the forex/currency markets, IB expects the margin requirements for contracts having currency underlying to increase. While final values have not yet been determined, we expect the margin rates for futures contracts to increase by 25% with further increases possible depending on the market conditions.

Clients holding options positions may find their margin changes to be in excess of 25% if they are holding short options positions, particularly in out of the money options.

We strongly urge clients with positions in currency contracts (cash, futures, options) to evaluate their portfolio and arrange to have sufficient excess financial capacity to absorb the expected margin increases.

In addition, reduced intraday margin for currency futures will not be available until further notice. Please check IB../p.php ( IB../p.php ) for updates regarding intraday margin.

Due to the rapidly changing market conditions, we cannot guarantee that there will be specific or additional advance notice of forex related margin increases, so please accept this communication as such notice.

Thank you.


Interactive Brokers Risk Management

Expect it after my short not before

Are you fighting with chart ?

1.23 level of resistance. Anticipating Long continuation. http://chart.ly/b6tzy3

Why they make the move today? Is there any expectation that some thing big is going to happen?

No, see my previous chart

By Francis Bray



Intraday EUR/USD :

Monday's strength has forced a break into fresh six-day highs following the push above 1.2153, and near-term bulls are putting pressure on the 1.2216 lower high. However, upside scope has been created for the 1.618 extension target at 1.2277, which lies ahead of the June 3 lower high at 1.2327. But the key 1.2406 projected target which keeps the dominant bear trend intact is still out of reach for now. Corrective weakness will attract support in the 1.2150 area, but only below last Friday's low at 1.2045 would concern near-term bulls.

Weekly chart EUR/USD trend: Bearish.

gone short 1.2246 Sl 1.2256 :- it seems to have run out of steam

How much longer will this go up for??

Why do traders insist on trading against the market?
When the market is short, a select few seems to always look for longs.
When the market is long, a select few seems to always look for shorts.

I just don't get it sometimes.

You are a brave man..upside seem strong at the moment..becareful though.

well that didnt last long :-)

his sl is already hit

ok got it thanks