EURUSD

This is what i can see eu monthly seems very bullish

I havent had a shot of tekillia since my 21st birthday, maybe I'll have a few on my 51st...lol

that's not bullish

lower highs. lower lows.

if you think your MA's look bullish, by the time they are crossing EUR/USD shoud be below 0.9

so monthly is not bullish

it needs an initiation.
those candles can talk to me right now... they say, "we have no idea where we are headed".

I have been watching the Euro ramp up against the dollar, the USD fall against the yen and the euro rise against the yen for a few weeks now.

I believe the EURO is heavily overbought with all the underlying problems that exist in EZ and the problems that are still to come. The higher the EUR goes it affects Joe Europe every day with prices rising all over Europe. Here in Romania govt salaries are being cut by 25% but food at Carreffour has risen by 5% in last few weeks.

So what is happening? I think we are watching the FOREX version of the Rumble in the Jungle, Euro/Foreman vs USD/Ali, and what you have been watching is the rope a dope by the USD. I would say we are in the 5th round at the moment and all the little retraces are just speed punches landed on the EUR to encourage it to go higher. The higher we go the more tired the EUR will become and then the decisive moves will occur. There will be no need for QE2 as the weakening of the USD will have negated the need. At that point the you will see the USD knock seven bells out of the EUR.

Just my view. I am sidelined on this pair and AUD/USD for this reason.

I still think we trade 3885 in the short term, but what the hell do I know..

I know - I'm still shakin. I better grab some zz's before the big show.

Have you seen the pin bar on the monthly and have you seen the rsi in the monthly . 300 pip drop in case of nfp will not matter if you are looking at the long term point

If I draw a fib expanstion on the weekly chart from the low ---following price and down with the pullback then price is now at the 100% FE area.

If you do a normal fib on the weekly chart from the high to the low then price is at the 61.8 fib.

So this can be a big test for the euro ----- lets wait and see

Me -- I will sit on my hands till Monday

Have a good weekend

Wild Dog

i think the market will go down to around 1.3870

61.8 fib level will break today according to indicators

i think, i believe, i suppose, i figure....

guys, I say there won't be a trenddirection before NFP will be published

PA is pretty bearish since frankie, i wouldn't be surprised to see lower than that.

good luck k, I'm done for the week....

it is something like this

important battle.

roll on floor laughing

Ciao Tarantula,
Yesterday i did not have time to say thanks again for your patience and kind help, and attitude towards newbies - i should say thanks to several people on this forum actually for that -. Just one question: due to my history and experience I will not trade this NFP and news, as my most memorable failures were created by times like that - it is essential to have much stronger nerves and knowledge for that. But I am just curious as you said you would trade it. How? Do you think it will go up to the news?

Man, 20K pages and counting, how do you people can cope with reading all the new stuff. Pages are filling in a rate like 5 pages every 2 minutes or so LOL

Long 1.3908

http://greygooseforex.files.wordpres...ithworef5b.png

nice break...who farted