Levels for me that are very significant are we are fast approaching a confluence area. We have a sharply rising daily/1 year 20 sma at 1.2835
we also have a descending daily/1 year 200 sma that was starting to flatten at 1.2824
On the ascent the 200 sma acted as if it was not there based upon qe expectations
Would expect the rising 20 to hold significant buy orders. If it fails and how it fails speaks volumes about whether the rally is sustainable or it was a false breakout to the upside and now the market is returning to the long term downtrend.
Current daily low at time of post 1.2847
Also the current rising political instability in Spain bodes ill for outside investors to step in and buy peripheral bonds. This may defeat the current attempt of the ECB to encourage a return to peripheral sovereign debt instruments.
Remain short safe haven flight capital pairs linked to the Euro.
EURO/USD EURO/GBP EURO/CAD
looking to increase position size if the before mentioned areas yield today.
EURO/GBP encourages the bear EURO technical case as it already is trading with the daily 20 as resistance after the rejection at .8100 zone
good luck today
we also have a descending daily/1 year 200 sma that was starting to flatten at 1.2824
On the ascent the 200 sma acted as if it was not there based upon qe expectations
Would expect the rising 20 to hold significant buy orders. If it fails and how it fails speaks volumes about whether the rally is sustainable or it was a false breakout to the upside and now the market is returning to the long term downtrend.
Current daily low at time of post 1.2847
Also the current rising political instability in Spain bodes ill for outside investors to step in and buy peripheral bonds. This may defeat the current attempt of the ECB to encourage a return to peripheral sovereign debt instruments.
Remain short safe haven flight capital pairs linked to the Euro.
EURO/USD EURO/GBP EURO/CAD
looking to increase position size if the before mentioned areas yield today.
EURO/GBP encourages the bear EURO technical case as it already is trading with the daily 20 as resistance after the rejection at .8100 zone
good luck today
sad news,my Dad died on 20/09 2012,i am in bereavement,posting this from india.please pray for him,he was a wonderful human being,he shown us how to help others who are in difficulties, even if u dont like the person/my dad was a very soft spoken person and very soft hearted and always taking care of us all,always encouraging, RIP Dad.
I am looking for a set up for mine and best wishes for yours 
