EURUSD is getting hammered in Asia, with the pair now triggering some stops below 1.1300

retail trader are pebbles in a running river.

set SL / TP and always prepare for the worst

yes I agree

Greece is just the cover story for the behind the scenes USD buying across the board!

It was hammered, because it broke the trend line 1.1320, and traders usually set pending orders at such prices, they got triggered and it went down.

Low @ 1.1260. What a high impact breaking news...LoL

The drop stopped at 38.2 on FE of last rise and fall on daily. This level is 1.1262 which is quite critical. This level seems to be holding, breach of which will have target of the next level of 1.117, then down to 1.08xx. If this hold consolidation will be around the 1.14 level. I am actually long from 1.1262 tight SL, target of 1.138.

Do you think IT's dare to keep at fibo and levels that you mentioned. Nobody cares but we retail traders and hence we are really so much concerned about what is happening around. It's all in the chart. I just don't trade till I don't see what is happening and chart don't tel me.

When a country with the size an minimal impact on the world global economy has held Euro analysis capture for years I am inclined to conclude that news and analysis about Greece is more or less a smoke screen .....it's a talking point that clouds more important complex fundamental issues that surround the Euro. I do not mislead myself and even try to ferret those relying on daily weekly and monthly charts for longer term trend that allows success over the longer term.

Sensing the end of the Greek Saga, I think they are preparing for the down run.

almost 100pips during asia! A big manipulating move.

This isn't just USD buy there is EUR sell in play also.

Euro got doped on Greek hopium and now the drug has almost ran out, it's bracing for a cold turkey.

Gee, wasn't it reported that Greece was rescued? All was peaches and cream again. Greece and the EZ are both in the tank. EU parity soon.

many traders believed that a greek deal would be positive for the euro when in fact the opposite is true. when euro weakens, USD usually strengthens across the board.

Even if Greece was "rescued" that could always be viewed as a negative for the Euro no?

Some might argue they'd have a healthier currency if they let Greece exit...