EURUSD

A fairly difficult up move followed by a much easier down move. Doesn't look like a retracement to me. Shorted at 41. Daily R1 should be a nice top. 1.3004 could be next.

The dollar is mostly just taking a breather Thursday from its latest rally, says Omer Esiner of Commonwealth Foreign Exchange. The fundamentals in that should hurt the euro are still there and the biggest risk on the horizon is a downgrade of euro-zone countries by Standard & Poor's, Esiner says." When that headline hits, we'll probably see a knee-jerk reaction in the euro," Esiner says, adding its a matter of when it will be announced, not if. The euro is at $1.3021 from $1.2983 late Wednesday, according to EBS via CQG.

we need a close under 16...to get some bearish action going.

Later I have 1,3095/70 to break for another 100 pippers there.

Wow, a kernal of truth in all your BS.

no one knows

the market moves in the NOW, if they start dumping euros, well..........down it goes, a big order of buy............up it goes

Here comes the rally...

I think the consolidation is over and selling will continue. Europe has bad data and US good ones. I think EU should go lower.

P.S> sold at 1.3040 with TP 1.2850

16 should be broken. Snp & gold also plunged, moving nicely together.

A break of 16 realy would be nice

definately in channel that shows no bias.....

but as it is a flag from the drop down and all the fundie data I am still the short man

don't get caught in mid channel boys and girls

Halt at 04.

Being a bit on the cautious side, pending order to go short at 2960.

Here is the analysis:

http://www.forexfactory.com/showthre...54#post5226654

Now we re sucking diesel

I might be stopped before I finish typing this. But I just long 3010. SL 3000 TPs 3050,3100. Last trade for the day.

LOL
_________

later!

I'm in the same trade though my TP is undecided! May I ask how you came by 1.2850 and where is your stop and why?

Thanks.

Just closed my shorts from 3040. Awful day for me so far -40p. Could have been a lot worse if i didnt manage correctly.

I halted it. Just protecting my stop at 3000.

depends on holding time for each of us but i think some might be jumping the gun....i could be wrong, no one really knows for sure.


but the way i see it is the average price for the last 24 hrs is 1.2990, we had a big up move to 1.3049 that is above (2) standard deviations from average, and as we all know what goes up must come down and vice versa. Looking at the fact that we have been going down for the past 3 days, it is logical that a correction is most likely couple that we the fact that we have not broken yesterdays low, and we are still trading above open, and above 1.2990 i am not so sure we should be panicking and jumping on a band wagon that might be over for all i know.

mathematically it is possible to reach 1.2947 and still be withing normal price variations, that would mean we are ranging, but to each its own.

Im surprised i didnt see more whining/hostility towards others. Today was a very very tough day. But im guessing only those in the 'winners club' post here right?