EURUSD

just woke up.....looks like everything reversed...it is friday the 13.

3 Reasons Why Impressing Growth Fails to Cheer EUR/USD

European GDP numbers were released today. Germany led the Euro-zone growth with a whopping 2.2%, and also the overall number was excellent – 1%, much better than expected. But the gains in EUR/USD are very limited. Why? Here are three answers.
Apart from German growth, 0.9% more than expected, best since the reunification, France also exceeded expectations, and the weak economies of Spain and Romania also showed positive growth rates. The initial figures for Q2 were definitely great, no matter how you look at them. But EUR/USD is still trading at around 1.2860. It climbed to 1.2915 but went back down to the same levels as before the release. Let’s see why:

 

1. Austerity measures to slow growth: In Q2, many governments in Europe adopted severed budget cuts. The impact of these cuts is still to be seen, and it’s expected to damage growth. The Greek economy shows us how austerity measures slow the economy.
2. Europe enjoying weak Euro: The common currency fell from a peak of 1.5144 in December 2009 to 1.1876 in June 2010. The weak Euro, also in its crosses against other currencies, helped European exports, especially export-oriented Germany. A weaker Euro is in the interest of European governments. While intervention is unlikely, any rise in the currency will hurt the economies, and will be followed by a drop of the currency.
3. Gloomy market mood: The statement from the Federal Reserve, that was analyzed as a great concern from a double dip recession in the US, is worrying for Europe. The US is usually the economic locomotive of the world. A new recession in the US means trouble elsewhere. And when there’s trouble all over – the US dollar benefits. So does the yen.

In recent days, we’ve seen how risk aversion plays a big role in trading – bad US figures mean a stronger dollar. If genuinely excellent numbers from Europe fail to lift the Euro, it seems that the Euro was rising only to resume falling.

Source:
http://www.forexcrunch.com/3-reasons...-cheer-eurusd/

trying to make short short

I hope is 1.275x ... otherwise no trade for me in the euro until next week...

sisse

under support now...

setting long @ 05 tight stop, I sjust still belive....

cant grow w/o liquidity... shelf's empty like in 2008.. it happens so quick they don't see it coming. its sheep economics like the bank patch..a shell game

Looks like the very good GDP allredy was priced in.Euro has been growing alo the last weeks.

Peopl expected Germas GDP to bee good.
And also the GDP of Spain showes that the countries who are in trouble ,don`t seem to recover like the eurozone had hoped

Well out of that mess...I am done for the week. Good luck to all...

Have a good weekend
Nice job with good posts

just did. looking good. too large sl for my taste (at 54) waiting for below 00 to put it at BE.

Gator, would u be so kind as to refresh us the next bear numbers you have? thanks.

I might short again after this hourly close. Will see

will it hold ? i m long but just ready to close... at 1.2795 area

Am curious as to where EU will be when/if EY gets through 109...

really believe we could go down big time today. problem for me is finding places to enter my shorts. hope that 787 will bounce and if setup comes up i'll short again there.

hapipipin

split your entry in quarters or more..

100 DMA may hold (2801)

Maybe a close below 12800 will accelerate the downmove...i don't know yet.. i need to check this hourly close and it's vol to make a decision...30mn remaining

Support below...

i still belive in longs from here, its first sell off didnt even retest the broken trendline looks like this 100 DMA may hold TH closed above