EURUSD

Reuters: Greece reaches agreement on 5-year austerity plan with EU-IMF inspectors

Written by Jamie Coleman
June 23, 2011 at 18:57 GMT

No reason at all for EUR/USD to rally on this news. Greece can agree anything it wants with the Troika but until it is based by the Parliament, it’s meaningless. And after it is passed by Parliament, it has to adhered to. Those tasks get increasingly difficult, as history has shown…

Ooopsie did someone just bounce off H4 PP and there we got another S3 (R3) hit. Never good trying to break H4 pp while eu + eur are still above their h4.

whats going on?
suddenly pumpup!

...got filled long at 75...fastest 40 pips all day...madness!! oh n still counting...protective stop at .4195(trailing every 20)...and to think this happened when i was still talking economics and projections...lol!!!

The EUR/USD has consolidated in a triangle formation after a primary advance which began almost exactly one year ago. A downside breakout of the pattern is likely to spur selling of the EUR into the primary trendline support, currently at 1.3610 (will rise over time as the line is upward sloping).
The actual pattern has two primary targets below this primary support level. Yet, the uptrend line should be watched closely, as it confers with another likely resistance level at 1.3750 – the trendline and this support level will intersect mid-July. Until that intersection occurs the area between the trendline and 1.3750 is considered primary support.
Currently a downside breakout of the triangle will occur at 1.4110. This will change over time as the breakout line is upward sloping. A recent low is at 1.4073; waiting for penetration of that low is an alternative entry point and confirmation signal.
There are three targets; the first as mentioned is the support area between the trendline and 1.3750. The next is 650 pips (rounded down from 700) from the breakout point. Currently this target would be 1.3460 (as the breakout price rises over time, so will this target), with the 50% retracement level (of the entire advance) not far below. The third target is 850 pips (rounded down from 900) from the breakout point. Currently this target would be 1.3260 (as the breakout price rises over time, so will this target).
Less likely at this point would be an upside breakout of the triangle. Currently this would occur at 1.4600, but will decrease over time. The upside breakout would also have three targets. The initial one being primary resistance between 1.4900 and 1.5150. This is a large area, so more concise targets will be provided in the event that the market threatens an upside break. Second target is 650 pips from the upside breakout point, with the third target being the breakout point + 850 pips.
Intermediate and short term trends look down.
ANY COMMENTS GUYS? >>> THIS IS NOT MY ANALYSIS - [ITS CORY MITCHELL'S] - AND I THINK IT IGNORES SOME MAJOR MACRO FACTORS IMHO

;

; news out at 2.56pm est

republicans pulls out of US budget talk

Well Mercy, price broke your named priceblock. Or doesn't that spike count for that?

G
Have u check my previous post to u with chart?
2 reason for long?

Oh my God ! thing going to confirm very fast , 1 done & another extra to more confirm may be soon 75.34. eu also 4235 .
fontu

Numers are everything
How long u been trading?

Oh man, you still didnt get over it...

nice one, another 4 pips and i was gonna enter lg, feck it...

Greece accepts austerity plan ...

offer on the lip...

Goodness... lol, what's the point to swing trading some days... i tell you.... stopped.

Can't believe i exited long earlier for -3

Might get our V

Nope closed because every time buliding positions we shoot high and i forced to close my positions
for example i sell 1.4820 ,1.47, 1.46, 1.45, 1.44
but it back to up 1.45 force me close

Market move hard to trade for long term if keep spike up to kill ur positions
But i have Plan B

I'm not
Have u checked my chart?

lucky one
real account

Yes ... of course that counts as well ...

Two hours left until "new value dates" ...

Closing for new Forewards is most important now ...

You would name it "daily close" ...


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