EURUSD

Just spent about 5-10 minutes scanning through Cloggie's post ...

All I see is ridiculing on others, that isn't 'opinion' that is someone's personality, which you can't change ..

With that said, Traderji, drop it .. you can change someone's opinion but you can't change their personality.

Don't let it bother you just like he shouldn't let all of the 'newbie's bother him ...

I second that thought

The above was 14 hours ago ... almost verified right now ...

1st image : picture from before

2cd image : updated pic

....

Risk might hault and reverse soon according to that ...

What jumps off the chart at me is the fact that we're now back above the rising channel line...

edit: that said, only just...

just recovered from my afternoon nap...

and had a pending buy at 856 not touched...

Don't underestimate the downside risk, all about the eyes of the beholder.

first image : Eurx
second image : usdx

and again...

good spot Tex and I agree to an extent, wouldn't be surprised to see another downside probe, although I would be cautious in looking at just that fib fan line...

we shall see...

edit: I see you found some good MT4 index charts...

I posted this two ... this is the one that can have some proving ground ... {H&S}

I am not biased any way, I just want a long term trend to form ... that is all ..

6152 long for me I will see what happens in next hour

--O'Neill: UK Pound To Weaken; Market Pricing In Too Many Rate Increases
--O'Neill: Euro Unlikely To Rise Much Further Vs US Dollar
--O'Neill Bullish On Global Stocks, Sees New Bull Market In China

By Min Zeng
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Jim O'Neill, chairman of Goldman Sachs Asset Management, said Tuesday that worries about oil-supply disruption are overdone, adding that higher oil prices won't derail global economic growth.
O'Neill's comments came as political turmoil in the Middle East and North Africa has pushed up crude-oil prices by more than 20% over the past two weeks. Higher oil prices not only added to global inflation, but they may hurt consumer spending and undermine the world economy still recovering from the 2007-2008 financial crisis.
"The market is exaggerating the risk of a supply problem in oil," said O'Neill during a phone interview with Dow Jones Newswires. "There is no significant shortage of oil supply. The market is worried about things that might not happen. I think the market is wrong."
Reflecting his optimism on the global economy, O'Neill said he remains bullish on global stocks and bearish on safe-haven major government bonds such as U.S. Treasurys. He highlighted the equity market in China, where he said a new bull market has kicked off even as policymakers in China have tightened monetary policy to tame the recent surge in consumer prices.
O'Neill, whose views on the financial markets are closely tracked by many global investors, is known for creating in 2001 the term "BRIC," the now-ubiquitous acronym for the four biggest emerging-market economies--Brazil, Russia, India and China--each of which is playing an increasingly significant role in the global economy.
O'Neill said he expects the British pound, which has rallied against the dollar in recent weeks, to fall in coming weeks. Sterling had attracted investors on speculation that the Bank of England may raise interest rates several times this year while the Federal Reserve will stay on hold, moving yield differentials in favor of the British currency.
"The pound is going to go through a phrase of weakening. The market priced in quite a lot hiking from the BOE and that might not happen," said O'Neill.
Interest-rate futures have bet that the BOE will start to raise interest rates in May and could have a couple of more increases by the end of the year. O'Neill said a series of rate increases amid fiscal austerity would undermine the British economy.
The British pound recently bought $1.6158. O'Neill declined to give specific forecasts on sterling.
The euro also faces a similar risk as the market has now priced in a rate increase by the European Central Bank in April, said O'Neill. He added that a rate increase may be delayed, should there be fresh signs of the sovereign-debt crisis in the euro zone.
While the euro-zone sovereign-debt crisis has been overshadowed by upheaval in the Middle East in recent weeks, Moody's Investors Service cut Greece's sovereign-debt ratings by three notches on Monday, a reminder that several euro-zone nations are still struggling with their public finances.
The euro, which bought $1.3908 on Tuesday, is likely to trade in a range between $1.20 and $1.40 for most of the year, said O'Neill. "I can't imagine the euro rising a lot from here," he added.
Over the past few weeks, geopolitical tensions have spurred many investors to sell holdings of emerging-market stocks and bonds, shifting back to stock markets in developed markets including the U.S. But O'Neill said the equity markets in China have showed signs of strength in recent weeks, a notable change for a market that has been flat to weak in the past 18 months.
"I think the inflation problem in China is not as big a problem as the market is worried about," said O'Neill. "Secondly, I think the Chinese authorities are correctly rebalancing the economy, which is becoming less dependent on external demand and more on domestic consumption."
"This is just the beginning. It is a good time to buy China," said O'Neill, who expects another 15% gain in the Chinese stock markets by the end of 2011.
O'Neill is also bullish on the Chinese yuan, predicting a 5% appreciation versus the U.S. dollar for the whole year of 2011.

I got a m*th*r f*ck*r line @ 932...

here we go
http://www.google.com/finance?q=INDEXDJX:.DJI
dow jones is + %1.19 now. if it close above %1 after market close
euro dollar will rise more.

same levels bro

yeah, in defense of longs ... this was an 'overdue' battle to be closed out .. not that it is out of the way .. is it 'game on' again to the upside?

giving credit to this call to someone from a few days ago, forgot who though ..

e/u reached my target of abt. 1.3920 - even if i closed a part of my long position already at 1.3910.

however, @1.3922 is the 55 ema - if it can go above this line there is some space til 1.3945-50.

but first it should go back a little bit

ok hashforex heads added some VSA indis at the grave yard enjoy


http://www.forexfactory.com/showthre...=1#post4455566

I agree with you. There are some +10V here who are calling themselves traders but are bunch of clueless fools.

Irony?

J/K ... couldn't resist