EURUSD

does anyone have the same quarterly R1 at 3953 and monthly R1 at 3956 as I have?
My quarterly pivot seems to be 3715, and monthly pivot seems to be 3815.

EURJPY..

so the mid seems to be 3834 for quarterly and 3886 for monthly.

GJ also compressed to the corner of a triangle.

Tomorrow is going to be a very interesting day. If Euro goes above 1.40 after Draghi conference, the ammount of headline it will generete will cause a lot of attention into the euro currency.
I assume people who have been betting against a euro rise will be forced to capitulate and even join euro buying, so we could welcome a big chunck of new money that was betting against euro to go into reverse, usually if markets smells new money it will always try to front-run it, a lot of buy-stops must be right above 1.40.
And the press will likely spin this as a ECB/Draghi failure story as usual, its going to be interesting times.

bouncy wouncy

Just wait for stock market to tank.

gs take.
http://www.efxnews.com/story/24137/g...-meeting-thurs

Fib 61.8 from recent impulse

Hi guys!

When are we going to 1.4200 or 1.4500?

It's a real nail biter but I don't think it will break down side without some serious news imo. It is challenging weekly TL's and it has a weekly bear like flag but perhaps one last stop run/fakeout before break.

When ? Maybe after 1.35-30 then it may in 2years.
At this current economic situation EZ might as well start a revolution


Having said this I firmly believe ECB will take action if Euro breaks above 1.40
1.40 I believe is the threshold that ECB may implement their "unconventional methods"

Extreme high currency under today's fundamentals, high unemployment and low inflation is not something ECB is looking forward
Draghi made those comments on numerous times.Its not desirable

moving that to 20.48.

A volume study..and some rates worth noting.

Euro LIBOR overnight - current rateshttp://www.homefinance.nl/images/mis...BittyClear.gif

05-07-20140 .21500 %
05-06-20140 .09286 %
05-02-20140 .14857 %
04-30-20140 .35429 %
04-29-20140 .28857 %

Thanks for the reply. Really appreciated. Just one more thing, How can I covert my $283 to over a million in a year trading currencies?

for those who are short
Have patience May is not over.Euro elections start in 22-25th of May.Don't panic
as Jesse Livermore said "sit tight"
Trade small that allows peace of mind and space for price to fluctuate.

I have more modest goal. Reach account equity that I can trade full time and live without working for anyone.
Regards

The other day my Yoga Instructor asked all of us in the class to get peace of mind by relaxing every muscle in our bodies ........................ farts were too loud.

some news ignore if you are not interested...

France's Montebourg says euro rate is matter for politicians

Citing a French Finance Ministry report, Montebourg said a 10-percent drop in the euro would boost French Gross Domestic Product by 0.6 percentage points over a year and twice as much over three years
"That would mean an extra 150,000 jobs over three years and a lot of success on growth, deficits and rebalancing public finances," he told lawmakers.
The euro, trading at 1.391 to the dollar at 1545 GMT,
has gained more than 14 percent over the U.S. dollar since a July 2012 low.
While Montebourg and Prime Minister Manuel Valls are openly criticizing the strength of the euro, Germany's mass-selling Bild Zeitung wrote on Monday that the Bundesbank was concerned about French politicians' comments on the euro.
Montebourg, one of the most leftist members of President Francois Hollande's Socialist government and a frequent critic of the ECB, insisted he was not alone in his criticism and said the CEOs of top companies such as Airbus, Schneider, Lafarge, had all complained about the euro-dollar exchange rate.
Electricity and energy group Schneider (SCHN.PA) said in its first-quarter results last month that the depreciation against the euro of several key currencies including the U.S. dollar had cut 5.2 percentage points, or 268 million euros, off sales growth in the quarter.
The company said on Tuesday that it would unveil a plan next month to restructure several industrial sites in France to offset the impact of a strong euro, a move some unionists fear could mean plant closures and up to 200 job cuts.
On Wednesday, Vallourec, the French maker of pipes and tubes for the oil and gas industry, said the strong euro would mean a step up in its cost saving programme.
"The euro versus dollar is very high, too high," said finance director Olivier Mallet, predicting that the impact "will be more and more negative when we move into Q2, Q3 and Q4." Vallourec employs 9,000 of its 24,000 global workforce in France and Germany.
Other companies including drugmaker Sanofi (SASY.PA), the world's largest cement maker Lafarge (LAFP.PA) and advertising agency Publicis (PUBP.PA) have seen their results affected by the strength of the euro.
Valls said on Saturday the euro was too strong and that President Francois Hollande would take initiatives to boost growth and employment after the May 22-25 European elections.