EURUSD

Shorting but hoping it will get to at least 1.2850 even 1.2900 would be good. I'll position along the way.

it could sink to worthless.

in light of the current situation anything could happen.

that is why you "take your losses quick, and let your profits run"

Capital preservation and keeping trading cost to a minimum are imperative.


Good guideline is to use a percentage you are willing to risk on each entry. Anywhere between 2 and 10% is the usual guidance.

The amount depends on you but don't move it lower(if you are long) once you have decided.

2873 is the Key. Lets see

is that a guy proposing to a girl in that pic? btw, you are quite the artist.

Which side of the coin for today

No , he is smoking ganja in the huqqa and is too high he think he is in the clouds. He is my friend Kill.

What kind of signal, If you can share that tx?

From my 5min it seems to be in a range between 60 and 80, it has tested both a few times. Maybe it won't break before London. If it breaks on the downside I guess it will be a bit easier to trade than if it breaks north. Hopefully I won't ride a fake break...

well if US economy continues to do well, euro stats bad, then fundamentals dictate a much lower euro. but if us stumble and print money and euro continue bad but no print money, then more neutral.

if you want to use fundamentals.

Consider today news came that the US obligations have reached 100% of GDP.

Europe has been working at tackling their debt problems for much longer.

putting them way out ahead of us on this.

The price action(chart) in the EUR may be starting to reflect that and betting the US is next in line for trouble.

The US is heading into an election season and if it doesn't go well business will remain on strike for another 4 years.

A bit o feel, junk, copy and paste.

Risk trades are marching higher on optimism about the US economy. The yen is lagging in early Asia-Pacific trading while AUD surges ahead. Upcoming data on Chinas trade balance is a risk.

Trading was somewhat lackluster to start the week but the general tone was for improvements in risk assets. Sarkozy and Merkel met and said they want a deal to strength fiscal oversight in the Eurozone by March.

Weighing on optimism were growing problems with the Greek debt swap. The end-of-the month deadline is in danger and Greece may be asking for more than a 50% haircut. A failure in the negotiations would likely be the last straw that forces Greece out of the currency union. Various reports suggest that leaders are growing increasingly frustrated with deficit reduction progress.

The focus is also shifting back toward Ireland where there is talk about debt holders being forced to take a haircut. It is a situation that will certainly come back into focus in the coming months. Other debt auctions are another concern as the hoped-for drain of ECB deposits fails to materialize.

Early in Australian trading, data on building permits showed an 8.4% rebound in November after two months of declines. The gain exceeded the 6.0% expected and has helped to boost AUD and NZD in early trading.

Chinese Trade Balance

Chinese trade data will be released shortly. The trade balance isnt as important as the growth in imports and exports. The consensus is for a 22.1% import rise with exports growing 13.8%. The market often overlooks these numbers but they generally provide a strong hint about other figures, especially industrial output, which will be released Jan. 17.

This thingy is gonna burn some fingers confussion crazy yuros. Merkel front leading the parade.

waiting to long, is 2760 a good support?

futures are all rising but what's stopping euro from breaking 2780??? anyone has any idea?

next 2,3 hours going to be tricky, let see what market manipulator having on mind .

pairs @ resistant (cable. eu, s&p 500 ).

Pure sentiment. Since nobody wants it to go up it wont go up.

...again. Any views on 2834?

does anyone else see the reversed head and shoulders?

1hr chart / the colored lines are pivots

Could be but I wont go long before I see a crack and hold above 2860

What would make you say that? why 2860?

Brother imo we are in back and fill mode and thats a dangerous area for a long, for me. You should ignore the noise if you have a strong conviction in your trade and I happen to be noise in this case. Plan your trade, trade....

Agreeded. 2850 is a pivotal area. Will have to see if new shorts get established or we go long. right now, it looks like a short squeeze to me.