EurAnalysis

Agreed, but don't discount the possibility of more up. We still have Europe close in 35 mins.

ADD: It's not so much about Euro being bullish but more so about the USD getting a bash on the head with a baseball bat. All other currencies being equal, the Euro is still losing.

Sure mate. I was betting zone will hold. When it broke down, I booked rest of floating profits and now am flat. Whole Bubbles action made me like 6%. We may be starting that 50% retracement I ve been talking about, but I dont want to go against FED, so, staying flat is fine for me. At least I have some time to progress with research.

T

The max I have seen for USDX today is 79.40 before and after the good news. But you are right it will take few hours to see sentiment fully shifted.

If we break 1,2967 soon , 1.30 is very near for today !!!
IMO

Technically, agreed, if it's not going up then down. I guarantee that

Hmmm, I see people are excited. Where are we now?

Hey, being the elder, encourage the young one.

I offer you peace pipe.

http://www.howtogrowbud.com/wp-conte...eace_pipe1.jpg

Before going up ... It came down and that nullifies your claim. Peace.

one type of trade I use is a exhausted leg trade which is based on historical movements involving a 9 minute MACD. You can use a 10 or whatever. This has to go sideways a bit or slightly down before up again. It is way beyond the extended range I always trade on sell offs. So it probably will range a bit. I had to scalp at 70 due to overbought and the response from the Drags speech did not move that much so.... It probably will go up but it needs to breath a bit and hit a rest level and then go as you all know. Banked 15 pips on the move back. 90% you will always get at least around 25 pips move back of the cross over and if it moves up you add another trade at the next resitance level near or at a quarter number.

Speaking of legs, I love it but without tattoo.

http://www.hdiphonewallpaper.com/upl...20legs%203.jpghttp://pic.blackberryseeker.com/bb/w...-wallpaper.jpg

How beautifully MAs play in longer TF.

Hi Ken, U r posting invisible pictures?

Very true MA and Trendlines (which are sometimes the same) in relationship to S/R levels are very powerful. Markets like to backoff and run at resistance from support. So 40 levels is key as it is 25-30 pips from that area which is a normal distance to make a run up off of weakeness. The 3M and 1M MACD will tell me all I need whether that is going to happen.

Nope. Your PC hates and has something against females.

Ahh .. Long Legs thx

Took this short divergence on the 5m currently @ BE think the bulls are snipped 4 now...

Spoke to soon.. out @ BE

nothing more exciting than a market blowing its shot before big news and the Drag under performs. YAWN.

I did it quick so I need to double check...

There is a three way tie...
FXSwissTrader - 2 Votes
Foto - 2 Votes
rekon - 2 Votes

Prashant 7
lumesh
catwoman All One Vote - Total 9 Votes...

Hmm... so the question is will we make yet another Lower high today or does NY have enough in it to pop the top? Last 6 highs 1.2989, 1.3047, 1.3058, 1.3084, 1.3120, and 1.3169.

Im starting to think that the 1.3177 is a Mid term top on the way back down to retest the 1.2611 zone... critical supports are at the 1.2985(surprise, surprise) and the 1.2828 are key points in the drop in my view


Now I really cant see a good reason why we would dip below the 1.2500 in the near term or above the 1.3072.... especially with elections coming up

From a fundie perspective there is still many concerns weighing on the currency even after Draghi and Merkel agreed to more reforms and Draghis verbal pumping of the Euro.
I am anxious to see Spains new structural reforms(and how they plan to implement them, their 2013 budget , and the results of the stress tests on the banking sector.
Spain's deficets are rising although Draghi said they were falling (up to 4.8% from 3.8% last year). They also still havent made a formal request for a bailout so fundamentally the EU should broadly weaken the longer it gets dragged out

Im also VERY curious to see if the European court of justice continues to sit on its hands and ignore the blatant ECB’s plans to buy the bonds of indebted countries considering it is a clear violation of the ban in EU treaties on direct financing of state deficits.

Anyhow guys, just food for thought. We make our livings trading risk:reward from supply and demand on charts so my reco is just play the numbers and try not to have too strong a bias if you are an intraday player.

Im currently long the Kiwi and the EURGBP... made a few mistakes last night closing out some trades too early(namely a great short on the AUDNZD from 1.2700).. lookin to make it all back up this week..

GL guys

Wulf