EURUSD

i`m entering with another long.

Germany's factory orders down. I hope there is big move tonight. Trading still too thin atm. Damn it.

close AU @ 0.995, don't like the PA, waiting at better level to short.

"
FRANKFURT (Dow Jones)--The European Central Bank Tuesday allocated EUR197.283 billion in seven-day funds for refinancing banks at a fixed 1% rate, more than last week but about EUR2.727 billion below estimated funding needs.
The refinancing operation drew 155 bidders.
A week ago the ECB allocated EUR179.694 billion to 163 bidders, meeting all bids.
The ECB saw the benchmark allotment--its estimate of the liquidity banks need to conduct routine operations--at EUR200 billion.
In a separate tender, the ECB allocated EUR68.066 billion in 42-day funds to 56 bidders. This operation, which covers the ECB's reserve maintenance period, begins Dec. 8 and ends Jan. 19.
ECB President Jean-Claude Trichet said last week that the ECB will continue to provide unlimited liquidity to banks for as long as necessary, a move seen as supporting debt markets in the euro zone's periphery. Previously the bank planned to phase out the extra liquidity measures in early 2011.
The two operations together represent a net increase of over EUR22 billion in demand from banks for the ECB's funds. The main refinancing operation allotted EUR17.59 billion more than last week's operation, while the 42-day operation allotted EUR4.45 billion more than is expiring."

Also this:
"
Any new excise duties on petrol, tobacco or alcohol will be voted on later Tuesday, but will now likely be passed with the support of Independent lawmaker Michael Lowry and the expected support of Independent Jackie Healy-Rae.
Also, the government has a slim two-seat majority, but Fine Gael opposition backbencher Lucinda Creighton said she'd consider abstaining from a vote if it looked like the budget was in danger of not being passed."


even the opposition agrees
This will cripple ireland somewhat though =/

You doubt the great one, how dare you.

Actually, feel stupid focussing on eurdollar last month.
Why play a pair with two currencies that are weak atm?
Better just use it like an indicator like I used to do... Stressy pair imo.

No. H4 Break to HH a couple of bar ago, H1 pullback / Rejection of H1 lows (is not confirmed yet but that's the price in this trade to have an acceptable R:R). Momentum will only build up to final target above 1.338x. London is pivotal point today, below that back to range.

I hope it helps

sisse

Your joking right?

Morning,

Thank you for the analysis.
How will you decide which dips to buy and at what point, if you do not mind be
asking ?

PA is looking bearish to me for rest of today.

Cigarettes are damn frigging expensive in Western Europe.. Europians go on international holiday not because they wanna travel.. but more because they wanna stock up for year ahead..

In NYC a pack of Marlboro is 12.5 usd...

Long at 1.33715 target monthly pivot point...

Hi yes, I see that now, thanks a mil' for the explanation.
Did you place your SL at 1.3332 or above (1.3335?)

Why would i be joking?

5 minute update.
Oops. spelled remains wrong on the chart.

Lets see if the chart will be right !

Either a move up now after hitting a tiny support, or going down around 1,3325 for 1,3410-20

volume very low for a typical london session. ny session should add some more momentum. after london close done for the day. volume usually goes down completely. all eyes on 3411 and 3455 by end of day i think . lets see if it plays out well

well good luck. i don't think you will get that target but
if you do more power to you.

2010-12-07 11:24:35 EU Finance Ministers Officially Approve Irish Bailout

once again why would i be joking ?

Trading this pair lately feels like I am voting in the Ugliest Sister Contest, and they are both so ugly that it is hard to decide.

Long at present but looking for a swing trade and this trade would not appear to have much future beyond 1.3422 or so (last week high). A more likely swiing trade might be a short from there if the price action looks likely.