EURUSD

Not that I base my trading on these but I do take caution when one pops up.
Thats a 15 min chart. A h1 close under fri low may make it disappear. LOL
There is also some support at 3119.

3124.6 and or 3114 may provide some support

Carefull with the short trades. I got unfilled gaps im EU, GU, EY. Aka possible euro strenght and dollar weakness.

So, down to 1.3093 before retracing to the 50 or 61.8 retracement.

I suppose

looking for support around 3093 for a nice bounce up or may be till frankfurt and london

watch and learn

http://www.telegraph.co.uk/news/worl...ery-drill.html

China tells UN South should stop tests. North issues threat and moves missles in place along border for Monday tests. Do you think North Korea will back down ? This is real and for the moment Gold is Up and US Dollar Index is UP and Asian markets down and calm does not prevail and Europe has not even joined in as yet.

200 day MA at 1.3104

Charts ?

I will watch the events unfold. Gold up $4.90 now and now this
http://www.cnn.com/2010/WORLD/asiapc...ons/index.html

Snippet:

(CNN) -- South Korea's planned live-fire military exercises in the Yellow Sea will begin Monday despite threats from North Korea that the drills will result in "disaster," the South Korean military announced.
The drills are slated to take place off Yeonpyeong Island, which North Korean forces shelled in November. North Korea said over the weekend that the planned exercises were a "sinister design" to violate the armistice that ended the Korean War in 1953 and "ignite war at any cost."
At the United Nations, diplomats were huddled in an emergency meeting of the Security Council in an attempt to defuse the standoff over the planned exercises. But seven hours of ongoing talks had produced no result Sunday evening.
Across the Demilitarized Zone, the heavily fortified border set up by the 1953 armistice, South Korean workers were being barred from entering the Kaesong Industrial Complex, the country's Unification Ministry reported. The factory district is the last remnant of South Korea's "Sunshine Policy" of encouraging links with the communist North.
Bill Richardson, the former U.S. ambassador to the United Nations, said Monday he was "extremely worried" that North Korea will respond militarily to the exercises. But he told CNN's Wolf Blitzer from Pyongyang, "I don't see any action on both sides while the Security Council is meeting."

Love to take a long at that level, but I'd be up all night

5 pip gap??

DX has not breached the hi yet either so the EU may stall until /unless the dx breaches 81.01

i guess the best way to short this pair is on 1.3270-1.33 area, on the new trendline from 1.35, good luck guys. I dont think well hit this 1.3090-1.3080 area before london, but who knows.

EU= 5 pips, GU= 16, EJ=15, UC=11 (the amount of pips depends on your borker for every case) All of them not filled yet.
Gator, I'm not advising to go long, as I know gaps aren't always filled, but saying don't shout short trades yet as there is the possibility of them being filled. And lately all of them have been filled.
Just my two cents.

Looks like we may be getting our cues from CNN rather than Bloomberg and PA tonight/tomorrow

i think 5 pips, i will pass. it might get filled in the course of the day.. if it was 25 pip gap. i would have been concerned and it would have filled right from that retest of the high there

jmo

Funny- DeMark 4H says we're straight down to 2861. Didn't see that on the cards for tonight!

Anyway, nite all

That is 11:00 PM EST or 4:00 GMT

Fire One Fire Two UN Meeting continues Monday Kospi down and Tensions are high. Normally I would say odds are good that not a thing will happen however this is North Korea and their Manhood is at stake here so to speak and this might really end in a diaster.

I hope not but be careful just in case. If you see EUR/USD at 1.3075 you will KNOW WHY...

Ha !

Ja ja ...

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-20_03h21_ EURUSD _ min030 _ 1100 x 800 (Candle).PNG (30.6 KB)

Still under pressure ... near term weakness to be observed ...

what time frame do you trade 30 min??