EURUSD

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-12_23h15_ EURUSD _ min015 _ 1100 x 800 (bar).PNG (25.4 KB)

Here we are ...

http://kingworldnews.com/kingworldne...o_on_Dips.html

"Our reasons for why we like the EUR/USD are numerous. First, we see continued demand from Asian Central Banks to buy EUR in order to diversify out of their overly long USD foreign exchange reserves. Secondly, we are growing more concerned over state and local weakness in the municipal sector. Be it in California, New York or Illinois, the daily headlines concerning fiscal and pension deficits are increasingly alarming, especially given the only way out is through bail-outs or economic growth, and given the latest data on housing and employment we do not see the latter as the near-term outcome. Recent squabbling in the Congress over the inclusion of the Build America Bonds program in the latest tax deal is sweeping the only support for the municipal sector from under its feet."

"The market will soon realize that the ECB will stabilize European periphery markets at all costs. The cost to Germany of a fail in the German banking system is much greater than the cost of shoring up the peripherals."

"In the US, we believe when troubled States come to Washington for aid going forward they will meet with a less understanding Congress. The Tea Party looks unlikely to approve bail-outs for individual states and pension funds. The Tea Party is the US's version of France and Germany; unwilling to help those in fiscal trouble because it is not the fiscally responsible thing to do. The deadlock implied here will leave it to the US Federal Reserve Bank to come to the rescue. A number of FED speakers have stated that the goals of QE2 are to boost asset prices, specifically housing and equity prices."

QE3, anyone...?

"Finally, the US Senate continues to press for a stronger CNY against the USD, with Senator Kerry yesterday suggesting the Senate may pass legislation on China currency. We have often said that the CNY can only strengthen against the USD if the EUR/USD goes higher. From 2005 to 2008 when the CNY was last “flexible”, USD/CNY and the USD/Index moved in lock step. China is under pressure to strengthen the CNY, specifically before the US/China State dinner in January, and also ahead of any Senate vote. Internally a stronger CNY helps combat inflation. We expect China will soon be very vocal in showing support for the EUR/USD, and expect their purchases of EUR/USD will increase dramatically over the next few weeks."

"In short, we believe the stabilization of Europe will come shortly. This will be followed by significant USD selling and EUR buying by Asian Central Banks. Commodity prices will continue to rise against the USD as US internal weakness is exposed by the ending of the Build America Bonds program. Our predictor sees the EUR/USD as currently 16 percent undervalued using traditional valuation measures. European issues have been in the headlines as of late, but we believe we will be reading about US issues and Chinese CNY strength going forward."

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-12_23h20_ EURUSD _ min015 _ 1100 x 800 (Heiken).PNG (26.1 KB)

1.3177 represents DPS-1 ...

Schaun wer mal ...

;-)

Evil post. 666

666 posts

3178 3187 3203 3221.7 3223 3227/28 3242 3252.9 3257.5
may be good for scalping.. still st targeting 3139 st.. and a little longer. 3110 (= to r usdx 80.73)

Hehehehe. Sounds like the ole Irish man that lives down the road from me!

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-12_23h39_ EURUSD _ min005 _ 1100 x 800 (CandleVolume).PNG (22.6 KB)

5 min Candle Volume ...


ok ... buy on dips modus for me ... lowest been 1.3191 until now ...

will wait for lower entry levels at first ...

but somewhat between here and 3177 should be ok for me ...

superlow volume as you can see ...

but we do not trade volume ... we do trade price differences ...

;-)

http://www.cnbc.com/id/40605908

Jim Chanos "Adam Smith will get his revenge in China's real estate market. It is very difficult to manage these kinds of bubbles."

aud currently at 98.35 might be ripe (small bear wedge) for an 80 pip drop. till about 97.58.. dpp is 98.52.. with tl confluence. bear continuation may take it to 95.36 .. tech below 95.36 puts 91.08 as a possible realistic target. usdx puts this 80 pips in a good probable range. china news may affect it.

usdx index has more room to the upside targeting 81.46 again for a double top if so we should see eurousd go down targeting the blue rectangle at 1.2994.

good luck traders

Gator are you in the same boot

i agree and its following 83.25 path. and even signs of 91.24

I’m sitting on the sideline at the moment and just observing the action, not trading till January. It’s interesting to read some of FF’s comments regarding the longer term perspective of E/$ trend and there are quite a few biased opinions. I would not comment if they’re right or wrong... I believe in cycles and if you look at the chart, we are approaching the end of a 10 year cycle (Top, made in Jan’2001). If you look back on your charts you might notice that January often is the month of the year where tops are made and they are not broken throught the whole year. We are in a downtrend channel and if history repeats itself, during the first or second week in January we shall see the top for 2011 and then the continuation of the downtrend that could last till the end of June’ 2011, The end of June or the beginning of July’2011 marks the 120th month from the low made in July’2001. The fact that the pair made a new low this year suggests even more that the Euro will only get weaker for whatever reason and 1.20 – 1.18 is a realistic target over the next 4-5 mths . Just my 2 cents - long shot. Green pips to all !!!

playing the gap closing, pending sell set at 3228, sl 3328, tp 2880. I'm out!

Excellent post!

The bearish gap before bullish tornado...

Thank you!

[quote=coyoteuglyxxx;4237930] Just my 2 cents - long shot. [quote]

you want to make predictions based on a 10-year cycle yet the euro has not been in existence long enough to even have made it through two cycles?

not a student of statistics are you...?

[quote=The Fool;4237947] Hey Fool...

He could've studied other pairs and come to the conclusion that Fibre should follow the same cycle?

There is always more than one answer, whether it is right is another question

[quote=The Fool;4237947] Good point Fool, but possibly as good a technical method as any...