EURUSD

sorry to intercept this however, why did you not cut this trade? Did you make money hedging this?

Personally I see 1.3520 max for a pullback before it goes to 1.3000

It seems bear stream now and if it won't reach 3260, then it should go down rapidly.

I have 3250 short stop 3270 target 3205.
Will take 3188 long for short scalp.

based on my studies i a gonna short the meu @ 1.3240 for the next level 1.3169 i think its the right trade for the day.

http://lh3.ggpht.com/_5CL-fX_tkLY/TP...ro%20chart.jpg

http://easy4xtrading.blogspot.com/20...tility-in.html

throw a daily chart on see if you can find a 61.8 fib extension. Just an alternate view. 15M candles closing above it

not the best setup since we have not been here in months.. but its there.

Could be either direction...no decision yet. London opening could give us the answer..

3337 will give a clue

Are we going to pop here? or what... DXY has broken downward channel,
BUT is coming up on some stiff resistance....

Let's see how the week pans out.

Below TL and fibre may DUMP. above and we retest 3500 first....
just my 2 cents FWIW.

EDIT: and I mean a close with CONVICTION below the LTL

the shape of the circled area is telling me we don't go down just yet. on the other hand, let's see how the H1 closes... doesn't look too bad, but frankie... frankie's nickname is "screw-it-up".

Right click on your chart (anywhere on the black colour) and take grid off

sorry for really $hitty chart, going to sleep.
nite and luck to all.....

The biggest threat to the euro is now Asia.

As the debt crisis rumbles on, undermining the strength of the single currency and bringing the whole euro-zone project to the brink of disaster, there may well come a point when Asian central banks will decide they have had enough.

Despite the 7% fall in the euro against the dollar since the start of this month, central banks in Asia have remained loyal.

They have repeatedly come to the euro’s rescue, often buying the currency when other investors have shied away, preventing it from sliding into a free fall.

This loyalty is hardly surprising.

Over the last couple of years, major central banks in the region, including China, have been active euro buyers as they have diversified their foreign exchange holdings away from the dollar on the assumption that the 10-year-old currency of the euro zone had finally proved itself on the world stage.

If anything, the eruption of the global financial crisis in 2008 hastened these purchases.

A slide in the euro at the start of this year as Greece negotiated its financial bailout was even taken as a buying opportunity, with the 11 largest Asian central banks adding more euros to their nearly $3 trillion of foreign exchange reserves.

This is likely to have increased euro-denominated holdings well past the 28% of reserves that the International Monetary Fund estimated at the end of last year for all central banks.

But, as the threat of a euro breakup rises on a nearly daily basis, this support for the currency won’t last.

As events this week showed, even the proposed European Union/IMF bailout for Ireland has failed to prevent contagion to Portugal, Spain and even Italy as investors appear to lose confidence in the euro-zone project and pull out.

Essentially, the debt crisis has exposed what many in financial markets have always feared — that without fiscal coordination of its member states, the single currency will not work.

Although core euro-zone members, such as Germany and France, may now be pushing for more federal control, chances are that their efforts are coming too late and that the euro zone is unlikely to last in its present form.

A client survey by Barclays Capital last month showed that 82% expected a restructuring of peripheral debt, a default or a breakup of the euro zone.

For Asian central banks this certainly poses a dilemma. As a group, they have invested heavily in the euro and stand to lose a lot if the single currency does start falling apart.

The question is, do they cut their losses now and preserve some of their reserves or wait until a crisis erupts and lose more?

http://blogs.wsj.com/source/2010/11/...-euros-future/

Im just reading something from WD Gann written in August 1939. Interesting to see if the trend would change at least temporarily after Thanksgiving as per his thoughts so many years ago. We shall see...

Thanks for the information , usdx same with usdchf trying a beakout but will not take it strongly till it breaks 80.16 & confirm 79.96. lets see

on this basis , short sl set at 3291 & if hit & go above 3300 will long scalping for good pips perhaps .
fontu

Hello Mofos!

Hey Jay!

This may be true but you fail to take into consideration the ongoing Korean crisis, and eurozone wide debt.

Previous predictions and systems go out the window at this point, do they not?

Hey spidydude

As far as we are below 3290 we can go short intraday. 3290 should hold.

3185 target. 3265 shorted

Hello all, ok will be longterm trade ........... down to 1.2...............