EURUSD

We're nowhere near a top on gold or silver.

Of course, some moron looking at the 1 minute frame will flame me about this but meh.

that might be a nice coincidence, as gold doesn't help usd very much atm, but i just saw that we are bouncing off of weekly and daily support. could be a bigger bounce then...

I'm going to wait for low 1300's before buying again.

Going short if 3880 again

im waiting for it to come out on dvd.

I'll buy in the mid 1300's The low 1300's I'll just buy more.

yeah tulips from $200 an ounce to 1400
when we are going to hit 5000 we are going to say

man i wish i bought at 1400
oh well

1.3872 hit. End of the trend ? No ! See ya at 1.3694 !

wass up Jay ?

what about EUR ? still buying ?

E/U ?

its look to move up maybe today afternoon, slightly look bullish on TF4 and Daily

Agree. I am short since Thursday and 375 green pips! Right now, I don't have a clear idea how much furthur this might drop so playing a bit safe and closing out at 3780 and evaluate furthur in the morning.

you may get a chance in a couple of bucks higher or anytime now.

Stopped out at be, but reloaded as it looks like an ending abc down.

LOL. Me too, but I may want to sell them.

Not buying Euros now. I'm not selling but I'm not buying either.

Waiting for a time to sell actually. That'll be a while for me.

Sold my long position in EUR/GBP. Bought at 0.8372 and sold at 0.8682. Been short it since 8682 and sliding down.

Aside from that, my physical gold and silver have been doing alright...I guess.

How are things for you?

WTF

Anyone knows in how many hours Frankfurt and London will join this gamble.

FF schedule sucks.

The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3890 level and was capped around the $1.4085 level. Technically, today’s intraday low was right around the 61.8% retracement of the $1.5140 – 1.1875 range. Federal Reserve Chairman Bernanke this weekend defended the Fed’s decision to expand its quantitative easing program by US$ 600 billion. Bernanke said the new program will not push inflation to “super ordinary” levels. After the Fed’s decision to expand its balance sheet was announced last week, Bernanke reported the central bank “will take all measures necessary to keep inflation low and stable,” noting “additional disinflation…would be a worse outcome.” Critics of the Fed’s decision to expand policy further have become vocal including many Republican legislators and major international economic officials. Traders will pay very close attention to the Group of Eight summit in South Korea later this week. Exchange rate misalignments will be discussed further amid criticism the U.S. is no longer pursuing a strong U.S. dollar policy. European Central Bank President Trichet said the Fed’s decision to expand policy involved the “idea of a solid anchoring of inflation expectations…they are not pursuing a weak currency policy and that’s something very important.” Data released in the U.S. on Friday saw better-than-expected U.S. October non-farm payrolls gains of +151,000, up from the upwardly-revised -41,000 September total. Private payrolls expanded 159,000, up from the upwardly-revised 107,000 in September, and the unemployment rate remained steady at 9.6%. Notably, the labour participation rate fell to a 25-year low of 64.5%, evidencing the decline in workers who continue to look for full-time employment. Also, October average hourly earnings were up 0.2% m/m and 1.7% y/y while October average weekly hours worked ticked higher to 34.3. Data to be released later in the North American session include September wholesale inventories. In eurozone news, European Union Economic and Monetary Affairs commissioner Rehn arrived in Ireland today following the government’s announcement it will reduce spending and raise taxes by as much as €6 billion in 2011. The Irish government may require official assistance in 2011 if it is unable to secure enough liquidity from the bond market. Last Thursday, the European Central Bank kept monetary policy unchanged, as expected. Trichet reported price developments “will remain moderate” with inflation expectations “firmly anchored.” Many dealers expect the ECB will discuss how and when to unwind its monetary stimulus policies further at the December Governing Council meeting. Data released in the eurozone today saw the EMU-16 November Sentix investor confidence improve to 14.0. The German September trade balance expanded to €16.8 billion while September industrial production was off 0.8% m/m and up 7.9% y/y. Euro bids are cited around the US$ 1.3835 level.

Frankfurt in 1 minute and London in 1 hour......

www.forexlive.com states that they are told there is dnt at 3800 to 4800. *rubbing hands*

Maybe jumping the gun here, but two consecutive pin bars at or near DS1 on H4 and a pin bar on H1.

If we do get a retrace from current levels then I like the idea of targeting 405x to get a longer term short position trade on, lot's of confluence if we get back up there this week, Weekly pivot, 50% retrace, it comes in at what looks like a strong supply zone and has acted as resistance in the past...

Incidentally, we've so far overshot slightly and pulled back above 78.6% of the up move, which supports the case for a correction from current levels...