EURUSD

Anyway , long in action again ,get an lethal assault on the tl again or to 1.2396 for a hs ? whatever.
fontu

The weekend can't come soon enough. I'm going to have a headache after this week, looking forward to a clean slate on Monday, and hopefully redeem myself next week by shorting the hell out of a big drop.

Not head it may be a big extended neck first up above the tl M5 bigger format .
fontu

Decent place to get short if you are not already.

Now is 2360 where is your newxt target ??????? 1.2300 ? or 1.2336

Btw I'm picking up signals of an imminent sharp volatility increase in both US stock and the euro. Could unfold either way, but it will be a grand move when it comes, should be quite soon.

So the question is, what's the camel going to do next ?

Eat leaves of the tree, or have a drink from the lake ?

Well camels can go a long way without water... but there are not many trees in the desert either

In the interest of the common good of the community here, could you be more specific as to what signals?

from where?

"down" and "even more" my kinda girl *L*

I said - an impulse towards above 1.2404/ 06 area.

The levels to watch out for are the ones that I have posted for Jazznos more than 7 hours ago. In the H2 chart you can see - the black horizontal lines. First one is to be seen at 1.2339 - and second one is located at 1.2414 - and I have mentioned - that for me it is toppish at 1.2404/ 06 or above. Not at 200 SMA - and of course the bearish divergence was the only useful hint - but it is not a beton wall like Berlin Wall - which is nearly impossible to be crossed. And we crossed beyond - as expected - and had our normal reversal there. Now it is to be watched - if 1.2339 will give way - or not.

After we hit that - highest was 1.2413 with my services - we must allow to retrace towards 1.2339 minimum. Not ruled out here at the moment - if we will go beyond intraday.

Does not look - as if beeing a "Spaziergang" for now...

Things are calming down

I'm hoping it pops up once more.....would be nice to reload.

DJ is going up, Greece lead 2-1. Hope the camel will eat leaves (so much pressure to the downside ATM as Cable and Aussi make higher high but EU still stuck around fib R2)

Nobody knows but very very likely the leaves on the tree high , somebody may bit at the neck to prevent at 1.2397 area for sure , if survive then any up till 1.2463 or up today ( 1.2343+ 151pips =1.2494 as of bull flag ) possible .
fontu

Probabilities seems to look better for an enter short longer term trade. Enter one of them now short at 1.2366 with target 1.1850 in the next weeks. Economic and the european future looks too worthless for firming the euro up. One has been ordered at DR2 1.2398 before.

Hahahaha the euro is unstoppable, where are the eurozone attackers? We are stronger than USA and its sh*t currency. We have better fundamentals, we have better economy, we have less debt and we have no longer negative news, all hail the EU, the first economy of the world.

http://software.truqueteando.com/wp-...09/09/euro.jpg

Alternatively, it may decide to sit down and have a kit-kat.

The rebellion against the 1930s fiscal and monetary policies of the Euro-complex is gathering pace.

Il Sole has published a letter by 100 Italian economists warning that the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Far from holding the eurozone together, it will cause weaker countries to be catapulted out of EMU. Others will leave in order to restore sovereign control over their central banks and unemployment policies.
At worst it will blow the EU apart, leading to the very acrimony that the European Project was supposed to prevent.
For readers of Italian, it’s here.
While I don’t share the big-state Left-Keynesian perspective of these professors — nor their implicit hostility to the free market — I do agree with much of their overall analysis.
My rough translation:
“The grave economic global crisis, and its links to the eurozone crisis, will not be resolved by cutting salaries, pensions, the welfare state, education, research …….. More likely, the `politics of sacrifice’ in Italy and in Europe runs the risk of accentuating the crisis in the end, causing a faster rise in unemployment, of insolvencies and company failures, and could at a certain point compel some countries to leave monetary union.
“The fundamental point to understand is that the current instability of monetary union is not just the result of accounting fraud and over-spending. In reality, it stems from a profound interweaving of the global economic crisis and imbalances within the eurozone …..
It blames the crisis on the “deflationary economic policies” of the richer states. “Especially Germany, geared for a long time to holding down salaries in relation to productivity, and to the penetration of foreign markets, gaining European market share for German companies…
They say the policy has led to growing surpluses in Germany, offset by growing debts in Southern Europe. The adjustment mechanism has not only failed. Matters have got worse, and worse.
“This is the deeper reason why market traders are betting on a collapse of the eurozone. They can see that as the crisis drags on this will cause tax revenues to fall, making it ever harder to repay debts, whether public or private. Some countries will progressively be pushed out of the eurozone, others will decide to break away to free themselves from a deflationary spiral… It is the risk of widespread defaults and the reconversion of debts into national currencies that is really motivating bets by speculators.
The economists denounced the “obstinacy” with which the EU authorities and governments are pursuing “depressionary policies”, and called on the European Central Bank to abandon its policy of “sterilizing” purchases of Greek, Portuguese, and Spanish bonds, and move to fully-fledged quantitative easing to boost the money supply.
“We must have an immediate debate on the extremely grave errors in economic policies now being committed..
Si, Signori .. Bravissimi.
Just to be clear, I do not share their Krugmanite view that huge fiscal deficits are benign. In my view, it is imperative that the whole western world reduces debt in a orderly fashion over 10 to 15 years. Pacing is crucial. Too fast can be self-defeating. Too slow is not an option.
My objection with the EU’s mix of policies is that extreme fiscal austerity is being imposed on a string of countries without offsetting monetary stimulus. (Yes, I know, some will say that I am mixing apples and oranges).
Ireland, Spain, and Portugal have already tipped into outright deflation. Ireland’s nominal GDP has contracted 18.6pc since the peak. They are falling deeper into an Irving Fisher debt-deflation trap.
This is reactionary folly. The College of European Commission should be taken out and horse-whipped outside the Breydel Building for demanding yet further cuts from Spain — which is already cutting wages 5pc this year, in an economy where total public /private debt is 280pc of GDP or more. Can nobody think of a more coherent way out of this?
As for Germany, frankly it is hard to know what to say. It is astonishing that Chancellor Merkel should unveil an €80bn package of fiscal retrenchment without consulting with the rest of Europe. This has raised the bar for everybody else, forcing them into yet further contractionary policies to keep up. Mrs Merkel does not begin to understand the nature of commitment made by Germany when it launched monetary union.
EMU has become an infernal machine. This will not be the last letter by angry economists.