EurAnalysis

As the article suggests, probably bearish.

thanks for the link, ill look into it after work tomorrow

G'Morning folks.
On E/U if 3250 gives way, then I am targeting 3190/5 and then 3160/40 area

Hourly close below the weekly trend at 1.3350 will take us to the next level, so I'm looking for this break to be confirmed to enter another short

In one of my old account with few dollar balance, I took one EU short @ 1.3389, closed a portion @ 1.3269, remaining is still open with next portion closing target @ 1.3190.

beautiful day, isnt it?

beautiful picture.

pretty girls, sport & tunnels - thats my life

Sometimes it indicates a major trend change. Closing below the yellow dotted line could open 1.27 area in next 2 months time.

I see your weekly return has turned green again

I don't think it will take that long... especially if we break and close below 3195

Ground floor please...



Thank you

its quite weird, im taking a elevator to get on 2nd floor everyday

Today my first target was to break 1.32965 and then H1 to close below 1.32638 and now my small target is 1.31935-867 but mainly I am looking for 1.31751-685 to break...

Whats up Rod bro?

The Euro went from Red Bull


...to Dead Bull


I'm not ruling out a pullback upwards from here, but so far it's been dead-cat-ish


Hmmm. Many dead animals... Let's even out the score with a lively one

really close to my first targets

The ratio of long to short positions in the EURUSD stands at -1.55 as 39% of traders are long. Yesterday the ratio was -2.17; 32% of open positions were long. Long positions are 25.4% higher than yesterday and 33.5% above levels seen last week. Short positions are 10.6% lower than yesterday and 14.1% below levels seen last week. Open interest is 0.8% higher than yesterday and 2.8% below its monthly average. The trading crowd has grown less net-short from yesterday and last week.

Been busy helping the boss make major changes to his business and now getting ready to go on the road for a couple weeks.

1st stop Las Vegas where I'll try really hard not to become too much of a liquidity provider to the casinos LOL

I'm full blown US$ bull now and long in long term positions vs cable, sterling, swissy, ausi, kiwi, loony and the yen and plan to accumulate more. Small position size, no S/L and lots of room for price to spike and do whatever it wants including 1000+ pips against me on each position with no worries. Go ahead and march 1000 pips against any position, I dare you, I'll just buy even more $$$ at an even better price than I already have and ring the register only when I'm ready to harvest them.

IMHO it's the US$ time to shine for a few years after 10 years of decline. When I was looking at the $ index monthly chart a few days ago it hit me and gave me one of those Homer Simpson DOH! moments that the US has been printing trainloads of $$$ long before QE1, QE2 and QE3 to fund the wars in Afghanistan and Iraq. The wars are pretty much over. QE might be a great way to inflate yourself out of debt but everyone else is on to that trick and is also printing money like mad men. It's time to pay back our trillions of dollars of debts and those that we owe those debts too don't want "cheap" dollars paid to them. They want dollars that are worth at least a dollar. I've never paid much attention to monthly charts preferring instead to concentrate on daily charts and taking a look at weekly charts but thought that stood out like a sore thumb to me when I did look at the monthly.

I'm short E$ @ 1.33684 after a false break of the supply zone I have marked in orange on the chart. She's back into what I think is a weak demand zone again but it looks like she did the dead cat bounce this time. A break of 1.3160 should send her to the 1.30 - 1.3060 demand zone and there isn't much in the way to drop to around 1.28 if the psychological round number of 1.30 breaks. Enjoy and play safe. Will pop back in when I get a chance.

My Stochastics tell me the same thing..................