EURUSD

Men when you give such advices don't forget that there are many newbies whom account don't resist to a 200 pips movement and they will lose all their money.

My view..

No, do not tell them! You are not allowed to share secret and hidden and occult knowledge of Tibetan monks on a public forum!

Thats a bold statement

FOREX FOCUS

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Euro Bulls Must Have Had Enough
By NICHOLAS HASTINGS
A DOW JONES NEWSWIRES COLUMN


LONDON -- Frustration equals being a euro bull.
Earlier this week, everything was falling into place for another euro rally against the dollar.


The U.S. Federal Reserve admitted, much to the surprise of many, that quantitative easing is still very much a monetary option.


At the same time, peripheral euro-zone debtors--Ireland, Spain and even Portugal--had little trouble raising fresh funds in the bond markets.
This provided further evidence that investor fears over sovereign debt were once again on the wane and boosted the chances that the single currency could yet make it back up towards $1.40.


Euro bulls were nearly salivating with excitement as, for once, the risks of buying the euro appeared to be going away.


However, all this changed on Thursday.
Instead of pulling ahead of other major currencies, such as the dollar, the euro is once again in the firing line.


New purchasing managers' indexes showed that euro-zone growth is slowing much more quickly than the market expected, with the region's core economy, Germany, very much leading the way.
A double-dip recession may not have come into sight, given that the indexes remain firmly above the key expansion-defining 50 level, but this will increase pressure on the European Central Bank to consider its option for further monetary easing too.


In other words, it isn't only the U.S., the U.K., and even Japan for that matter, that are having to be ready to resort to further unconventional ways of boosting market liquidity. The euro zone is now there too.


Of course, the ECB has already extended concessionary loans on offer to many European banks, but signs are this may still not be enough to ensure an end to the financial crisis.


And for the euro bulls, this is where the frustration gets even worse.
Despite the success of this week's bill and bond auctions, there is still widespread concern not only about a sovereign default but also risk of a bank collapse.


Ireland may still be considered one of the strongest of the region's peripheral debtors, given that the country has long adopted austerity measures to help resolve its debt crisis.
Nevertheless, this hasn't stopped the spread between Irish and German 10-year yields widening out to the highest levels since the euro was launched. At the same time, investors are having to pay record amounts for insuring Irish debt in the credit default swap market.


This all suggests that confidence seen in euro-zone debts at the start of the week has all but disappeared by the end of the week, leaving euro bulls once again sidelined as the single currency proves even less attractive than before against most other majors.


Instead of looking for a euro climbing back to levels last seen at the start of the year, before the sovereign debt crisis took off in earnest, bulls will have to settle for a euro at much lower levels for now.
Early Friday, currency trading was dominated by speculation that the Bank of Japan had returned to the market with intervention to drive the yen lower. However, indications are that this was a false alarm and after spiking higher the dollar has fallen back against the yen.


Fears over the euro zone's sovereign debt problems remain an issue, but the euro has managed to tick a little higher to $1.3320 from $1.3317 late on Thursday in New York.


The single currency was also up at Y112.88 from Y112.32, while the dollar is still up at Y84.72 from Y84.34. It had made it up to Y85.40 on intervention fears. Japanese Finance Minister Yoshihiko Noda refused to comment on the intervention talk.
Bloomberg TNI FRX POV
Reuters
USD/DJ
Thomson
P/1066 or P/1074

my personal observation is like you but do not remember at least for up we need this week movement. yes why eur do not reach up by usa aim, it is clear to usa to bring eur up because of their plan to make euroupian people make crazy due to many reason, life and works. it is up

You make me do it

Is history going to repeat itself?

In many places, thats one of the reasons why inflation in dollar is inflation in a lot of currencies.

In my opinion for anyone to make predictions on where the market is going to go from the current PA is ridiculous. It is Monday morning, we are in a range and now traders across the globe are simply digesting all of the information from last week. Until the market SHOWS us the way, we must be patient and simply wait..............

Morning all two points are on my chart.. 3442 and 3489.. break 3442 then 3423, 3406 and 3386 next.. break above 3489 then the next will be 3508, 3521 and 3541.. so i will short it if it break below 3442 and will go long if break 3489..

all those barts are at mofus.. we are currently in one.. near the center. between the 2 you show is an inverted one.

this is just a 15 min riddle.

the 2 lines AB and CD have become both support and resistance and support and resistance and support and blah blah blah..
when are they going to break?

Nice image,
Btw, I like option one, ready for short in mid-noon of London Session

good morning everybody.

hi how was your weekend?

hi, pretty exhausting. i went on vacation in an exhausted state, took a few walks, went shopping with my wife... you name it

Gut Morgen mein Herr und vielen Gluck

shopping??? id rather have sex with my girlfriend's friends...

Good morgning E/U Community

Will it become a long or a short day? Maybe we will see a retracement to the EMA 50 in TF 1H at about 3417 and then a new push to new hights ?