EURUSD

I think partially so. Warships to Iran part of the equation too. Asian session may actually be interesting for a change.

Little early on the 5min turns out...I'll risk them to 93

imho it was just a test of 61.8 fib level.
Selling if comes below 2369.

67 last 2 hr low...

Trichet admits the need of a real European Federation in order to support a monetary union.

It looks like it's going down again

5min confirms...I'm adding looking for the mid 50's...risk to 95 area

Strong Yuan must be good for EUR....and it signaling that the economy is in better shape ...


Stronger export for Europe...I think

Some buying on the dip....still negative

Smaller lots

Staying short under 98

Do not you worry CIA mafia will arrange it, for the "freedom", sorry cheap oil, no sorry democratie, no cheap oil, no... (what else to make up) freedom from mass destruction weapons, no sorry cheap oil, no - war against theorists, no cheap oil…oh shit
Sasa

Freedom is a commodity

I agree on that with you. And an increase in export for US as well I'd add

Quote of the day: Good judgment comes from experience, and experience comes from bad judgment. — Barry LePatner
EURUSD
Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), objective at 1.2540
The dollar weakened across the board after China signaled an end to the yuan’s fixed rate to the dollar, boosting confidence in the global economic recovery. The euro opened higher today, gaping above 1.2400 – level which provided intra-day resistance last Friday. Short-term sentiment is bullish and will remain unchanged while the euro trades above the 1.2150-1.2200 region. Minor pullbacks will probably face support around 1.2350/65 – then lower, at 1.2250 – while upside barriers are expected to emerge at 1.2500 and 1.2670 – which is a notable resistance formed by the top of May 21. Latest COT data shows that current euro recovery caused a massive short-covering – almost 50 thousand euro short contracts being covered, short position taking total shorts back to levels from mid April, when the euro was trading in the 1.30 range against the dollar. More upside action is in the cards for now – primary objective being 1.2670. Current quote is 1.2455 @06:10 GMT
Support: 1.2400, 1.2350/65, 1.2300/30, 1.2250/70 and 1.2150
Resistance: 1.2500, 1.2670 and 1.2720/50
Market sentiment: long term – bearish, medium term – bearish, short term – bullish, intra-day – bullish

Suckers rally to 89..will know soon...still short

One man's "rally" is another man's "noise".

yep..I just paid 91 on my shorts

Am still bulish, EU stays more and more above the pivot.
My TP is R1 and anticipate strong reaction maybe all the way back to the pivot.

5 min turns up again..