EURUSD

hedged with a short on EURGBP

I see a decent amount of resistance in the 1.2970-1.2975 area.

@Maxdoom and Mohan: Thanks for reply (news) ! Awesome move 1,5 hours before, hope you rided it. I sold to early. Nice day.
Taking a break now, I'm newbie trading full time. Need a break after 2,5 hours of trading, see ya !

greets Jack

Good Luck!!...my view are more for long term trading.

I'm sorry but signals buy at 1.26.... and are you open buy to now?

did you checked the date

I think it's preparing for another 30 pip spike. Any time now...

Direction: Medium Buy

technical indicator review - based on 4 hours charts

RSI - 61 (I know this is high but I believe there is still some bullish momentum in the market - potentially on the back of what may be agreed today by finance ministers)

Stochastics - 52.5% (again - not very clear indication - but if one looks at the gradient of the line it seems that we will continue to see the eur usd moving north for the next couple of hours)

MACD Histogram - falling -6.2

please feel free to show me where my analysis is wrong

- plus it seems that the greek news were priced into the market price last night and have shrugged off the bad news

The weekly charts for the Euro a very suggestive of a bullish momentum developing. The COT report also indicates extreme positioning, and we all know what happens when everyone is on one side of the boat.

so much for that news.
20 pip range continues.

[IMG]http://img708.imageshack.us/img708/6959/img7112.png Uploaded with ImageShack.us

next ...

If H4 closes beyond 1.2950 then all my bearish channel would have been broken.

The spikes only come after I have closed a long....or entered a short. Are they watching my screen???

......

Entered 1.2925, profit taken at 1.2980, €5 a pip. Good start to the week.

they always do so....~~green pips bro

heading nicely to the primary target zone now

Are we going to breach 1.30?

yes eventually

federal funds rate for the fed are expected to remain the same, inflation is above target but jobs remain the problem in the US economy.

as far as Europe is concerned the negotiations of Greek Debt haircuts and cupon rate of 4% Is what is driving the Euro UP i believe

the expectation the market is taking is that negotiations will be signed and PSI will take the loss, as expected. Now if negotiations break down then you would see the EURO in a hurry towards 1.20, so far all points to bullish for now.

1.30 is sure to bring some stops, and it broke fridays high already, we are trading about 118 pips from open.

anyone shorting this one is providing liquidity