EURUSD

I am piling in shorts at 10. SL going to be around pre-drop levels of 52

becareful mate !! we are heading a majore pivot @15 if its broke up its heading north and next stop @ 1.2630

yes, its from http://fxcodebase.com/ for FXCM

Hey diggo, stop trying to pick bottoms in a bear market. Though it may feel smart, it kills your psychology bit by bit. Gator does it with acquired profits. If you haven't noticed, the London opening hour agreed with the Frankie. They both came in and sold. That should tell you something.... Try shorting pullbacks instead.

4 Reasons to Expect a Disappointment from the EU Summit: Prepare for Disappointment

Expectations have risen towards the EU Summit, especially after non-European G-20 leaders told Europe that the issues should be sorted out in Brussels. All 27 EU leaders meet on June 28-29.

Given past failures and a wide range of issues on the agenda, little can be expected from this event. Here are 4 reasons why we can expect another disappointment – another rise in risk towards the event and a downfall afterwards.
Greece: the victory of pro-bailout parties in the Greek elections didn’t solve any problems. The new government made a long list of demands to ease the suffering of Greeks, and Germany was already quick to say no. While a compromise might be reached, Greece has no chance of getting close to the targets, and will require a third bailout or a euro-exit.
ECB Help: Both large countries have basically begged the ECB for help in lowering their yields. The central bank was only willing to ease the collateral rules, and also this was heavily criticized by the German Bundesbank. France also supports more action from the ECB, but Germany isn’t expected to budge on this. A bailout for Italy is still denied, but Italy cannot hide too long behind Spain, as it also suffers from high yields.
Growth: The leaders of Germany, France, Italy and Spain met in Rome and declared a growth package worth 130 billion euros. This is wonderful news, but it seems to have no content behind it. Where will the money come from? How will it be used? This growth friendly move will likely fade out.
Fiscal Union: Everybody is talking about more Europe, but there are huge differences. Germany sees the fiscal compact as a necessary step to ensure that governments are responsible. Germany and France were the first countries to break the original rules when they saw it fit a decade ago. Others want a banking union and eurobonds to share the debt. The UK and some other countries aren’t too keen on more integration. A two-speed Europe seems to be the solution, but it will not be easy.

There are probably more issues. We can expect a statement declaring a commitment to work together to solve the issues – something similar to the G-20 statement – nice words without real content behind it.

The summit will have a strong impact on the euro, but also on other currencies. In the most probable scenario, optimism will rise towards the event, boosting the the euro, pound the commodity currencies (AUD, NZD, CAD) while the “safe haven” currencies will likely fall.

Upon a failure, the picture will reverse, with flows towards the “safe haven” camp. In the hopeful yet unlikely event of a success in the summit, the risk camp is expected to gain.

9.37am: More on the Spanish aid request. The country has requested aid of up to €100bn for its banks. Spain's economy minister Luis De Guindos wrote in a letter to eurogroup chairman Jean-Claude Juncker that the final amount would be determined at a later stage, but should be enough to cover all banks' needs plus an additional security buffer. An independent report put the cost of bailing out Spain's banks at €62bn last week.
My colleague Jo Moulds has provided a speedy translation. Re the amount, De Guindos requested "an amount sufficient to cover the capital requirements, plus a margin of additional security, up to a maximum of €100bn".

Old news. Has been rinsed and repeated for so many times now. It's like a cow that has been squeezed of all it's milk.

Here we go, another attempt to test 90

Hmm... a 20 minute silence on the EUR/USD thread... very odd indeed

Can we head back towards 1,253x ? Time will tell

Good morning Kiwi! How was your weekend? I still see your shorts all over the charts...

It happens when the Euro is busy handing out peoples' asses to them.

BTW, this thing could not even find enough bulls to test 2515. was hoping to reload shorts there...

15mn attempt failed.

2480 will be an interesting level to watch according to Ichimoku on H4

I am bear since 1.2515

Locked in 50pips already from 3 shorts.

I hope our fellow friends trying to catch a bottom have a TF longer than a day.

İ have just nothing to say.. Had sell order at 1.2513 and moved stop loss to 12508 when price was 2490.. Went out and now see that it moved up right my stop loss at 08 and then went back.. So I am just very angry..

Same here.

Can you explain with the Ichimoku in 4hr chart? I am very interesting to see your analysis with Ichimoku, Thanks.

Even 5mn bullish signal are failing so far.
Either big move down or sweet squeeze!