EURUSD

H1

Bullish Penant?

Has the same effect as my Chart above...

that'll be because of all the numpties just calling out random sh*t

i would consider it as bullish penant if we were in trend. but we are ranging

Hi!

On the downside the H1 38,2% works well again at 1.2583 and a descending TL holds the price as a great resistance. It's good area to buy with tight stop, but I think the price should touch the H1 Fib 50%
No US, no news, low-liquidity, so anything can happen, just stick to your strategy.
Good Luck

OUTLOOK:



Quick-Tips in a TABLE SURVEY for the EUR/USD:

1.)

On a daily basis:

2012-07-03_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-27 # i45 (Text DE)

This is based on Rollover-Closing ...

23h00 CET Aufdatung ...

2.)

On a 1 Day and 3 - 5 Day basis:

2012-07-04_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-27 # A15 (Text DE)

This is based on Chicago Closing Time and Rollover-Opening ...

23h00 + 00h00 CET Aufdatung ...











;-|

the only target 2642

what do you know - you have already proved you can't trade so if you are going to call out numbers put up your analysis

its a cluster of prices,just tell us what's the forecast about eu ,if you don't mind than,please ,thanks

You got to learn how to draw trend lines

how can you be so sure? but of course, you may get lucky
yesterday bulls came from NY session, today is US holiday
lets wait and see

do you mean that the cross will go down?

so far all my charts are pointing down. but honestly, i have no idea where it will really go

yes, there are a lot of contrastant signals....

i think one can never be sure what will hapen next. thats why money manegement is so important

i didn't say todaay,may be tomorrow

or maybe never

WORLD FOREX: Euro Lacks Direction, ECB Steps In Focus




-- Euro lacks clear direction amid thin trading

-- ECB meeting Thursday eyed

-- Focus on whether ECB will take additional steps to support banks


By Kosaku Narioka


The euro lacked a clear direction versus other major currencies Wednesday in Asia, amid thin trading ahead of a key European Central Bank meeting Thursday and with no cues to come from a U.S. market closed for Independence Day.

The euro was moderately lower versus the yen amid talk in the market of yen buying related to German bond interest rate payments and redemption, dealers said.

Despite the fall, the euro's declining momentum wasn't accelerating ahead of the closely watched policy outcome of the euro-zone central bank, scheduled Thursday, they said.

Data showed Tuesday that euro-zone producer price inflation slowed to its weakest rate in more than two years in May, giving the European Central Bank more room to cut its key interest rate.

More than two-thirds of 46 banks and think tanks polled by Dow Jones Newswires forecast that the ECB will cut its one-week lending rate 0.25 percentage point to 0.75% from the current 1.0%, while nine are predicting a deeper cut to 0.50%.

Risk sentiment appeared to be improving with most Asian stock markets higher. The Korean won touched a two-month high and the Philippine Peso hit a fresh 4-year high against the dollar.

"Markets are focusing on whether the ECB will take additional steps to support financial institutions in southern Europe," said Tsunemasa Tsukada, chief manager of forex and financial products trading at Mitsubishi UFJ Trust and Banking.

Meanwhile, on the back of a recovery in risk appetite, short-term speculators like hedge funds appear to have started piling up positions betting for the yen to fall, said Citibank Japan chief FX strategist Osamu Takashima. Coupled with eased dollar selling pressure from Japanese exporters, the chance of the dollar rising above Y80 remains intact, he said.

Besides the ECB meeting, market players will also be monitoring U.S. jobs data set to be released Friday.

"Concerns over disinflation are emerging on the back of recent falls in crude oil prices," Mitsubishi UFJ Trust's Mr. Tsukada said.

"If a slowdown is seen in the U.S. labor market, markets are likely to factor in a third round of quantitative easing," he added.

The euro was at $1.2589 as of 0450 GMT from $1.2609 late Tuesday in New York and was at Y100.40 from Y100.61, according to EBS.

The dollar was at Y79.75 from Y79.79. The pound was at $1.5676 from $1.5688. The dollar was at CHF0.9540 from CHF0.9526.

The ICE Dollar Index, which tracks the U.S. dollar against a basket of currencies, was at 81.884 from 81.786.


Interbank Foreign Exchange Rates At 0050 EST / 0450 GMT
Latest Previous %Chg Daily Daily %Chg Dollar Rates Close High Low 12/31

USD/JPY Japan 79.75-78 79.77-81 -0.03 79.89 79.60 +3.71

EUR/USD Euro 1.2588-90 1.2607-09 -0.15 1.2608 1.2582 -2.86

GBP/USD U.K. 1.5676-78 1.5687-716 -0.16 1.5692 1.5668 +0.87

USD/CHF Switzerland 0.9540-44 0.9524-28 +0.16 0.9545 0.9528 +1.81

USD/CAD Canada 1.0133-38 1.0120-25 +0.13 1.0140 1.0122 -0.73

AUD/USD Australia 1.0291-96 1.0280-85 +0.10 1.0318 1.0278 +0.83

NZD/USD New Zealand 0.8047-52 0.8038-44 +0.11 0.8064 0.8034 +3.51

EUR/JPY Japan 100.38-42 100.58-62 -0.20 100.67 100.24 +0.84


Source: ICAP PLC


July 04, 2012 02:09 ET (06:09 GMT)

may be today,who knows??

1H looking bullish to me... could be wrong, but beautiful breakthrough, then retest and rejection...