EURUSD

What's undoable in this market?

http://yournewswire.com/man-gets-pri...-own-property/

Welcome to the NWO

It's like when you go to a FX company and they say, "we don't accept citizens from Iran, North Korea, and the United States of Amerika"

up or down?

From the looks, it is coming down from the top.

I mean the CAT.

Down.
If it was coming up, the lip of those stairs would be a major trip hazard for anyone going down (including the CAT).

So we need to get our direction right so we don't trip over ourselves

you are a smart guy.

LOL, I don't hear that very often

Thank you for your confidence and the puzzle, much appreciated

actually it is a dog, but yeah its going down

That's one smokin' HOT poodle

Key fib level, and a lot of support at this level. Long taken.

EURUSD
Chart posted before focused on H4 Bfly Extension levels and 1.0514 should be next either after or before retracement. If retracement starts, 1.0733 is .382 Fib Resistance and WPP for short.
On Daily chart there is potential Bfly Buy pattern (attached below) I will use it to pinpoint targets and possible bounce or reversal, this pattern is the result of ABCD failure (we had a few like this last year) and can be used to ascertain direction as any other pattern, so if 1.0514 gives way I will look into the obvious 1.0461, monthly chart support and after into 1.0298, 1.27 extension Bfly D1.

Gotta be going up. Because cats don't DO down unless there's something in if for them... they just get up to wherever they're going and are all like "Oh save me, save me, I'm stuck up here!" Then you about kill yourself climbing up to help poor, scared kitteh and then they're like "Psych!"... laughing as they run past you back to the ground.

GBPUSD
Target hit. This a good example of harmonic PA, price before FOMC was close to complete extension, 40 pips or so, instead went up and took 20 days to come back down to complete it.
Now we have good thrust on H4 that is the object for trading this week, ideally retracement .382 H4 + WPP should be nice area to look for rejection and short position for continuation to at least 1.4400, there are more targets on higher TFs.

1.0610/0608 > 1.0550/60 > 1.0670

My trading plan.

Stop above 1.0620.

EU policies destructive for Greece economy: Analyst

Sun Apr 12, 2015 9:36AM

http://www.presstv.ir/Detail/2015/04...ive-for-Greece

ECB sees risks in Greece's planned home foreclosure law

By George Georgiopoulos


Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan.

http://www.forexfactory.com/showthre...&reply=1#reply

Euro to US Dollar (EUR/USD) Exchange Rate Forecast: European Central Bank (ECB) Rate Decision in Focus


Looking ahead to next week, the US Dollar is forecast to remain supported against the Euro, as concerns as to whether Greece will remain in the Eurozone look set to dominate sentiment. According to a report in The Times newspaper on Friday, Eurozone nations are making plans to boot Greece out of the currency bloc.

Also of importance to the EUR/USD exchange rate next week will be the release of US retail sales on Tuesday and the latest European Central Bank interest rate decision on Wednesday. The ECB is expected to leave interest rates unchanged at 0.05%. Perhaps of greater importance will be the ECB press conference. Economists will be interested to hear ECB President Mario Draghi’s views on how the Eurozone economy is performing.

Greece faces two other deadlines next week. On April 14 and 17 it has to pay back €1.2 billion
http://www.euroexchangeratenews.co.u...in-focus-10935

it appears that the Dollar Index carved out a double bottom around 96.20-30.
Widening interest rate differentials took a toll.
it is difficult to talk about meaningful support until closer to $1.00.
The MACDs have crossed lower, and the five-day average is crossing below
the 20-day. （By Marc Chandler | Forex | Apr 12, 2015 03:56AM GMT）