EurAnalysis

Scaled in an additional long position on U/CAD at 1.0248
Reason (other than original reason for my bullish outlook) is that the weekly pivot support at 1.0248 held well on a daily candle close basis in confluence with the 100 hour sma, the rising channel support and the 50% fibo level.

U/CAD H1

Already there with one at 1.0245 and one at 1.0260 from yesterday. Still holding partial from 1.0178

ADD: Forgot chart

By Joel Kruger, Technical Strategist
27 June 2012 07:01 GMT http://www.dailyfx.com/design/fxcm/img/common/blank.gif











http://media.dailyfx.com/illustratio...o_body_eur.png
EUR/USD: While our overall outlook remains grossly bearish, from here we still see room for short-term upside before a fresh lower top is sought out. Despite the latest pullback, the market still looks constructive in the short-term while above 1.2440 on a daily close basis. Nevertheless, a break and close back above 1.2585 will now be required to accelerate gains. Daily close below 1.2440 negates.

--- Written by Joel Kruger, Technical Currency Strategist

i have open limit buy order at 1.0219
but anywayi scaled in a position at 1.0255,as i say what couple of pips between friends
ad: i am still holding my position from 1.0189

Welcome aboard

fuck me sideways. got stopped at break even on my u/c short. reversed long, and suddenly back to my previous profitable levels.
I may just call it a night argh

Hey guys

Obviously the market awaits the summit. last 3 sessions on EU have been in a super tight range with 91,88, and 66 pips respectively

I for one am going to play the oscillating channel SHORT

I have a pending EU short order at 1.2584 with a partial TP at 2460 where ill lock in a few pips and watch at that price for a possible breakout.

If price gets the the 2520-2530 area again and reverses I will place an additional order at 2502 with the same profit target( just a tighter stop and hence a bit more leverage)

Also have a pending short set for GU at 5617 to add to my current shorts at 5658 and 5699.. longer term target for these positions is the 5077....
If price goes to the 5660-73 are and reverses i will place another sell stop at 5649.............. if price goes beyond those specific ranges I put Ill pass ont he trades since the risk will be too great........... also i have 5695 as a major major resistance level



Thursday and friday could shape up to be great breakout days... just remaining patient...the trend is still DOWN and the sentiment is still heavily risk off....

have a good night guys.. trades and alarms are set

Excellent. May the pips be with you Wulfikin Skywalker

Daily Report: Euro Dipped Against Sterling, But Risk Rebound Limited Dollar and Yen

The forex markets remained generally steady in Asian session today. Euro received some support ahead of near term support levels against dollar and yen and attempted to recover. But strength has been very weak so far. An indeed, selloff was seen against Sterling. Dollar's rebound was limited by stabilization in the stock markets where DOW closed slightly higher by 32 pts. That's followed by recovery in Asian indices. Indeed, the greenback is also showing some sign of weakness against Sterling and Canadian. US Durable goods orders will be a major focus today but might not provide much inspirations. Markets' mind will stay on the EU summit on Thursday and Friday even though expectation for anything concrete from the summit is low.

Spain reported that the central government deficit reached 3.41% GDP in the first 5 months of the year, compared with the annual target of 3.5% and last year's level of +2.59%. According to Deputy Budget Minister Marta Fernandez Curras, "the deficit has started on a downward path and we expect that to intensify". Yet, he pledged that the government is "determined to meet the budget target". Meanwhile, Italian Prime Minister Mario Monti won the first 2 of 4 confidence votes, calling to pass his labor reform. Tentatively, the reform will be approved on Wednesday if the final 2 votes were passed. The reform has been criticized by both by labor unions and the business establishment.

German Chancellor Merkel continued her strong opposition on Eurobonds. EU President Van Rompuy released his grand vision 10 year road map on banking supervision and deposit insurance yesterday with issuance common bond as an idea for medium term. The report was a collaboration effort with ECB president Draghi, EC President Barroso and head of EU finance ministers Juncker. But in response to that, Merkel bluntly said that she doesn't see "total debt liability as long as I live". Earlier in the week, Merkel said the idea of Eurobond was "economically wrong and counterproductive". Meanwhile, Bundesbank president Weidmann criticized that that debt union will not tackle the sources of crisis Eurozone but delay necessary reforms.

On the data front, New Zealand trade surplus was slightly wider than expected at NZD 301m in May. UK BBA mortgage approvals and CPI reported sales will be featured in European session. From US, durable goods orders are expected to rise 0.5% in May with ex-transport orders up 0.7%. Pending home sales are expected to rise 1.3% mom in May.

http://www.actionforex.com/action-in...0120627168696/

GU triggered.. stops 25 pips above the HOD

ttyl PT

btw still LOVING that bloomy feed you have

Holding longs
closed out short again
will re enter again further up

The Euro is experiencing a cardiac arrest. Let's see if it can be revived. Bring on the defibrillator

http://www.defibrillatorinformation....rillator-2.jpg

a few tidbits not on FF calendar

times are GMT

Major U.S bank recommending clients long U/J w/target of 82.00.

Neuron. Where did you get this info? FXStreet?

Looks like forexpros.com

http://www.forexpros.com/economic-calendar/

Yep

http://www.forexpros.com/economic-calendar/

Thank you.

Trading the European session is starting to be a waste of time, if you want to take some intraday positions.