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EURUSD

  • #346,921
  • Dec 16, 2010 3:11am Dec 16, 2010 3:11am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting TudorJonesJR
yeah.. looking @ the same... staying patient. 1.3262 should be possible.. I think that upmove is just a retrace for bigger down

gl
This just looks like a rising wedge to me now, higher highs and higher lows after a steep drop are evidence of a downward continuation signal.

http://www.babypips.com/school/image...tion-after.png
  • #346,922
  • Dec 16, 2010 3:12am Dec 16, 2010 3:12am
Quoting TudorJonesJR
yeah.. looking @ the same... staying patient. 1.3262 should be possible.. I think that upmove is just a retrace for bigger down

gl
Yup, I think so too....if we can get below 3160, the bottom might fall out of this thing for a couple of hundred pips......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #346,923
  • Dec 16, 2010 3:13am Dec 16, 2010 3:13am
Quoting Texaspips
I am personally thinking that we are going to be between 1.10-1.29 next year, regardless of state of EU.

Like I said, right now, the Euro is just pushing a big rock up an increasingly steeper hill.
Eurozone will stabilize its sovereign debt problems in the coming year and will get back on track to tightening before the US can, imo. I bet we will see E/U ranging into the mid 1.4x in the first qtr.

The EMU is still in its infancy and I see this sovereign debt crisis as a catalyst for more political unification there. The EU has some drawbacks in that the ECB has no control over individual member states' fiscal practices. The USA would seem to have an advantage, in that it is already a "unified" nation. But when you look at Congress and see what they can get done re: solving real problems, you have to realize that said unity is a myth. An EU where "union" is only focussed on economic concerns may be a big improvement over the US Federal govt, which is awfully overgrown and dysfunctional.

Everything you say about the PIIGs fiscal irresponsibility you can find to say about many of the US states. We have a $5.8 bio annual state budget shortfall here in WA and the pain is very noticeable all around. Housing market is not as bad as in many states but its almost DOA except for a few bright spots. I know dozens of engineers and architects who have been unemployed for going on years now and it makes me sick to see these people who should be rebuilding crumbling infrastructure now idle.

US unemployment going UP despite QE from the Fed and now mortgage rates going up with Treasury yields despite QE2. The unemployment rate will not come down until the housing market turns around and the housing market can not turn around when people can't rely on steady employment so they can buy a house and if they do find employment somewhere they can't move because they can't sell their house. Demographic mobility in the USA is at its lowest point in a CENTURY. Damn I guess it wasn't a good idea after all to sell off the nation's manufacturing sector to lowball labor in the third world.

Unless you just don't give a shit. And the political process has been hijacked by an economic elite that clearly does not....

OK rant over, E/U moving up....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,924
  • Dec 16, 2010 3:17am Dec 16, 2010 3:17am
Quoting T@rantula
We have some conflicting signals. Possible W pattern ( bullish) while we are in a downtrend.

Zigzag on m30.

I will short 3250 S/L 3275 TP: 3210-3205
checking , bear & bear continuation pattern so far W , next m30 candle close or around to see effects .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #346,925
  • Dec 16, 2010 3:18am Dec 16, 2010 3:18am
Quoting fontu
checking , bear & bear continuation pattern so far W , next m30 candle close or sround to see effects .
fontu
Yea...its good r:r ratio.. S/L of 25 pips with a smaller position is a way to go now
  • #346,926
  • Dec 16, 2010 3:21am Dec 16, 2010 3:21am
Quoting The Fool
Eurozone will stabilize its sovereign debt problems in the coming year and will get back on track to tightening before the US can, imo. I bet we will see E/U ranging into the mid 1.4x in the first qtr.

The EMU is still in its infancy and I see this sovereign debt crisis as a catalyst for more political unification there. The EU has some drawbacks in that the ECB has no control over individual member states' fiscal practices. The USA would seem to have an advantage, in that it is already a "unified" nation. But when you look at Congress and see...
All of the above is true man....the biggest hurdle to USA getting ahead is the Fed!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #346,927
  • Dec 16, 2010 3:21am Dec 16, 2010 3:21am
Looks like only short covering because of EU summit...this upmove is in slow motion, even with good numbers its staying where is it.
There was only selling the past few days...no buying pressure prior to this 50 pips upmove.
Once it hit a major supply area it might go down.
Around 1,3270 or 1,3290-1,3300 (if not sooner) can drag it down for good...
COT: The precious data ignored
  • #346,928
  • Dec 16, 2010 3:21am Dec 16, 2010 3:21am
Quoting The Fool
Eurozone will stabilize its sovereign debt problems in the coming year and will get back on track to tightening before the US can, imo. I bet we will see E/U ranging into the mid 1.4x in the first qtr.

The EMU is still in its infancy and I see this sovereign debt crisis as a catalyst for more political unification there. The EU has some drawbacks in that the ECB has no control over individual member states' fiscal practices. The USA would seem to have an advantage, in that it is already a "unified" nation. But when you look at Congress and...
I don't like comparing E/U to the U.S. because the E/U is a group of countries & the U.S. is a single entity.

Often mistaken, the currency isn't a direct reflection of country it represents but a comparison and mixture of many factors.

The Euro can be at 1.2 or 1.7 and still be a weak or strong union.

I think, as I stated before, that that Euro has been over-valued since 2001, and it is going to eventually be down to 1.1-1.3 area for better 'parity' with other currencies as far as cost of goods and not the actual currency ratio.

Common sense tells me that since items in Europe cost more, they should come down, there are no boundaries to justify the price difference between Europe & the rest of the world & it is only a matter of time before that 'nulls' down to normal levels.

I think the Euro could be at 1.15 with the U.S. dollar & be in a healthy economy.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,929
  • Dec 16, 2010 3:27am Dec 16, 2010 3:27am
Quoting kuroro001
Looks like only short covering because of EU summit...this upmove is in slow motion, even with good numbers its staying where is it.
There was only selling the past few days...no buying pressure prior to this 50 pips upmove.
Once it hit a major supply area it might go down.
Around 1,3260 or 1,3290-1,3300 can drag it down for good.
i'm targeting 3260 but there are fib levels 50 61.8 32700 3290 it might reach there are clear all those pending buys and sells
  • #346,930
  • Dec 16, 2010 3:28am Dec 16, 2010 3:28am
Spanish bond auction news out shortly. A poor result will hit harder than a good one.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,931
  • Dec 16, 2010 3:31am Dec 16, 2010 3:31am
Quoting Pipwanderer
i'm targeting 3260 but there are fib levels 50 61.8 32700 3290 it might reach there are clear all those pending buys and sells
I wouldn't put it up past 1.3278 UNLESS news comes out to justify a {temporary} uptrend.

I think that if there was a solution, even though it is only the beginning of the summit, it would have already been leaked. & there isn't to much upward momentum pre-bonds via Spain.

I think the news from Spain today is going to be
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 92 KB
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,932
  • Dec 16, 2010 3:34am Dec 16, 2010 3:34am
Quoting The Fool
Spanish bond auction news out shortly. A poor result will hit harder than a good one.
I've been wondering whether there's a way to track these events live online.
  • #346,933
  • Dec 16, 2010 3:36am Dec 16, 2010 3:36am
Quoting apt
This just looks like a rising wedge to me now, higher highs and higher lows after a steep drop are evidence of a downward continuation signal.
Good post, Thanks
Founder of Sutherland Wave Principle
  • #346,934
  • Dec 16, 2010 3:38am Dec 16, 2010 3:38am
Quoting Texaspips
I think the news from Spain today is going to be
Do you have a Reuters or Markit feed, Tex?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,935
  • Dec 16, 2010 3:40am Dec 16, 2010 3:40am
Quoting The Fool
Do you have a Reuters or Markit feed, Tex?
no, RSS + Outlook & I do web dev. on the side, I have my own site & I just back-door feed data from other sites onto it.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,936
  • Dec 16, 2010 3:42am Dec 16, 2010 3:42am
Quoting The Fool
Do you have a Reuters or Markit feed, Tex?
bid to cover 1.67 vs 1.87 rate 5.6%
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #346,937
  • Dec 16, 2010 3:44am Dec 16, 2010 3:44am
plz some one tell me how was the Spanish bond auction result
  • #346,938
  • Dec 16, 2010 3:45am Dec 16, 2010 3:45am
Quoting blue_z_zz
bid to cover 1.67 vs 1.87 rate 5.6%
Not bad. It was not likely gonna help the euro much if it was good but would have shot it down if it was bad.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,939
  • Dec 16, 2010 3:45am Dec 16, 2010 3:45am
Quoting Muhammad88
plz some one tell me how was the Spanish bond auction result
not good
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #346,940
  • Dec 16, 2010 3:46am Dec 16, 2010 3:46am
Quoting Muhammad88
plz some one tell me how was the Spanish bond auction result
$EURUSD: Is moving higher as Spain's bond auction is said to be finding good demand.
16 Dec 4:39:59 PM
http://www.dailyfx.com/real_time_news/
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