EurAnalysis

Republican Wisconsin Gov. Scott Walker is one of several republicans that are facing a recall election today. He has been hailed a Republican Rock Star for pushing austerity measures that stripped collective bargaining rights from most public unions and balancing the Wisconsin State budget - almost overnight.

Basically is the recall fails there will be several other states that follow along pushing through similar austerity measures. It will be interesting to see how this shakes out because so much is on the line. Obama will have no chance in the fall if Walker keeps office.

Written by Jamie Coleman
June 5, 2012 at 19:27 GMT

That’s a paraphrase, of course, but it pretty much sums up his attitude.

1. Events in Europe will roll on a long time; not reasonable for Fed to react every time the situation gets hotter
2. ECB is clearly determined to stand behind European banking sector
3. Situation in Europe is grave because pan-European institutions that could address crisis do not exist
4. LTRO was more effective than SMP (bond buying)

Unemployment in the single currency area is at a record while the European Commission forecasts the euro-region economy will shrink 0.3 percent this year.
http://www.forexfactory.com/newreply...te=1&p=5731226

Hi all, missed the day (NY), but here's what we are looking at, until we re enter the lower channel the move will be slow and steady down imo.

hi

first post in this thread

http://img404.imageshack.us/img404/8478/eu2d.png

3 points speaks for short too me, 2 for long at this moment

lots of pips
gajos

I'm selling at market (1.2450) to 1.2350 100% extension of AB=CD move.

forexBOOM

I closed my last short @1.246 (0 pips). I am expecting a high around 1.2485-1.2500 before get down.

She was tickled pink

Wisconsin recall has failed by a huge margin. This is a major event that will change the US. State governors will start to lead us out of our financial mess. Tonights vote will affect us for years to come.

Expecting another high before down. @ 1.2520

we need one more high between 1.2512 and 1.2520 to get down.

down to which point ??

Targets:

1.2440
1.2390
1.2320

Be careful, in each target could happen a bounce that could break 1.254

thanks Mate !!!

higher

Hey Yoshi whats up

Daily wick boost 50% closed above,expecting higher than that

let me see

You should consider the retest of the new trendline...