EURUSD

That's a possibility.

I just noticed that I my hourly. Notice where the bulls came in, and price is piercing through the trend lines, but when the bears come around, it doesn't pierce it.

It's a weak bear.

Or is that a week bear?

http://thestar.blogs.com/.a/6a00d834...3a80970c-800wi

82 looking mighty fine.

LOL

Today is a dancing day. Get ready Champs.

If you are not fit stay aside, just like me.

I have closed all my shorts on hand...we may go lower but I am quite happy with return....

now allow me to focus on next trade

good morning guyz bad bear day scares me little waiting for german ppi for little bullish sign.....

Well I thought we'd see 1.2975 this week when went to bed last night from what I saw on my chart. Looks like that may become a reality. Surprised we didn't see any pullback. No trade for me though . Guess I should've listened to myself last night lol.

long from 84

make sense to me.

whats ur target sir...??

This is the begining of continuation of 1 year down trent.

Yep. Cancelled my buy limit, just went long myself. Solid support there.

when signal comes... I can always reload....just not now....

We never go broke taking profit, especially when the profit is good.

A bit of irregular H & S here.

scalp

too much bearish divergence for a larger target

Looks like news is already factored in..

Good morning folks.

It's going to be a very interesting day today as the market starts positioning itself for a few risk events that may decide which side of 1.30 this pair to going in the short to medium term.

Last night the risk off sentiment got rolling along after China's HSBC manufacturing PMI number again come in weaker than expected and Japan's economic report showed yet another monthly drop in exports.

Today we have the following significant events.

1. Eurozone Manufacturing and Services PMI numbers

2. Spanish 3 and 10 year bond auctions

3. US Jobless claims report

4. US Manufacturing PMI numbers

5. Philly Fed Manufacturing Index

The Eurozone PMI numbers from last month have already been slightly revised downwards and the expectation for this month is for them to stabilize at current levels.

The big one for Europe today is the Spanish bond auction. The results are due out at 08:30 GMT and they will be looking to raise between €3.4bln and €4.5bln in new 3.75% Oct 2015 (3 Yr) and 5.85% Jan 2022 (10 Yr) bonds. I suspect the auction will be well received with good yields and that will further delay any request for aid from Spain keeping the ECB's OMT program on the shelf again.

As for the US Jobless claims number, I don't see it as a big market mover unless the headline number is under 350K or over 400K. The current 4 week moving average is 375K, so a number below that would be encouraging for the US economy, but like I said, unless it is below 350K (or above 400K), I don't expect much movement on it.

The US Manufacturing PMI and Philly Fed Index generate quite predictable results. A good number is risk positive and a bad number is risk negative. However, the way they sway the market today may have more to do with what happens in Europe and whether or not the US jobless claims numbers are within or outside the range. Obviously this is something we will have to wait and see.

From a technical perspective, the pair seems to be in a topping process. Others may see a bull flag formation and they may be absolutely correct. However, I believe that this bull run from the 1.2041 lows is way overextended after 1150 pips without a significant correction. Furthermore, all the good news is now out and there is nothing more than can excite the markets at this level. Any upside from here will be nothing more than a knee jerk reaction to some US negative or EZ positive news and will likely be faded quickly.

Good luck today and remember to buckle up. It's gonna be a bit bumpy today.

E/U Weekly

bear may have some unfinished business ....
We may have to wait if looking for long...

now cable eu set new low...
well I took profit for my cable short aswel..wait 2 days for this pair to move...

just check swissy daily...
if we break range...
very yummy maybe