EURUSD

1 hour pull back after breaking trend line at 1.2300? thus new potential down trend?

possibly, quite possibly.

got it!

maybe one last attemp towards 1.2380 before down again..

For those who are long, I see several areas of resistance around 1.2340, 1.2350 and 1.2360.

maybe best is to wait for a bit later today when FED rate gets announce before taking any large positions,

ok, so you basically mean around 1.2350, lol.

Well I'm out about 6 pips on my short position. Not getting off it though. Essentially we're range bound in a slightly bearish slope. Its up to bulls to prove they can get bidders over 2285. Otherwise I'm gonna sit on it and see what comes.

Still very short biased. Ive been short a while. I think we can get back down to 2250 today. But there is a range and some major news at 10:00am could make it really move. we never know though do we.

I expect a big spike upside and target is 2412 for today

Holding a little short from 1,2290 ...for 1,2205

Why?

(IGM)Having already been warned by S&P late yest and also by other officials that...

Having already been warned by S&P late yest and also by other officials that Spain must slash its budget deficit, [SPAIN'S PM ZAPATERO] appears in total agreement. Failing to act and convince the markets of its priority would simply increase interest costs exponentially, he explains, though he adds that Spanish yields are still at low levels. In something of a contrast to his concern, Fin Min Salgado said earlier today that rising spreads (ie higher Spanish rates) are currently not a problem. In recent activity, the 10-yr [BONO/BUND] hovers around 193bp, though is up circa 8bp on the session, but well off its recent 225 bp wide (Jun 16) after last week's reasonable well received bill auction. Earlier, Zapatero defended Spain's performance during its 6-month EU Presidency saying it was satisfactory. Note, Madrid is to hand over the rotating role to Belgium on Jul 1.

Probably due to positive expectations in existing homes sales. But we shall see what we shall see.


"In North American trade today, the eco calendar carries the US existing home sale figures with market anticipating a rise to 6.17M units from last month’s 5.77M reading. If the number does increase as expected it could help to whet risk appetite, calming fears that the US housing market is once again entering a downturn. Last week’s disappointing housing starts data has the market concerned and today’s news could prove to be positive catalyst if it shows a strong rebound.

If risk appetite revives the EUR/USD http://www.forexfactory.com/../../.....chart-icon.gif has a chance to run to the 1.2350 and possibly the 1.2400 level as the day progresses, but markets remain wary and any disappointment on the economic front during the North American session could trigger a further selloff in both equities and high beta FX as the recovery rally runs out of steam."

http://www.fx360.com/commentary/bori...tter-data.aspx

Wonder if the 30 odd range in London session is down to England playing today? I know ill be logging out at 3pm..

Yeah, Dollar will tank right after Ben "Testimony" on Thursday

86 and change that's the last spike on USDx, watch out below..

PA still indicates a down move... but vol is just so weak...there's no strenght behind the PA so it can go anywhere now...hopefully down
Stop at BE in case we see an upmove

good selling chance on GB/USD

according to the "Belgian Times" the greece paper is tumbling again. The interest is more then 10%

Took my 25 pips profits...i'll wait this hourly close & wait for 1,2275 to short again