If you wondering about the sudden drop just now: "JP Morgan posts better than expected 2Q results. EUR/USD trades down to 1.5845 from around 1.5875 while GBP/USD drops 30 ticks to 2.0015"

EURUSD

Oil just dropped another 1$.....looking at oil...strong correctional move over the last days, actually not seen a drop this large since 2005 in such a short period...this strengthens my opinion that EUR can not sustain 1.58+ much longer...oil drop ...

EURUSD

Interesting....I see a possible H&S forming on the 4H chart, left shoulder starting on the 26th of June...neckline formed this wk at 1.586. If I was to follow this one, which I'm inclined to do...gives me a max retrace towards current ...

EURUSD

Eurogasmic.....

EURUSD

Glad I took a break and a bit of fresh air...let my technical indicators do the work... Attempting to break the H1 main LTL now at 1.582....down to main H4 LTL at 1.576.... Sweet shorting...

EURUSD

Pfff.......1.585 turns out to be a very strong support it seems...how many hammers does the Euro beast need to get down on its knees...amazed to see what seems another recovery or bull-trap? Need to step out, clear my head and get some ...

EURUSD

Yep..got slightly burned.....glad I still have my shorts open to cover.. Once in a while Mr. Greed wins from Mr. Grear (Greed & Fear)...I normally follow Mr. Grear...lol.. Anyway, seems we go and break keylevel @1.585now, ready for a ...

EURUSD

Taking a small risk here, second day testimony now in progress of Bernanke & Co...possible retrace, long @1.588...with very very tight SL...profit T1 @1.593, T2 @1.598...cant resist the possible profits.. in case Bernanke & Co slips up.. ...

EURUSD

To close to call imo, 1.59 LTL now tested as we speak...could retrace..even if breaks to 1.585..we not done yet imo...only a clear break of 1.585 would mean trend reversal for me Scalp in between if you dare......I'm staying on the sideline ...

EURUSD

US open now, lets see which direction we go, although we might be rangebound today till after 7pm (GMT) when all news, the testimony is done and FOMC minutes are released... Just my 2 cents...

EURUSD

Just in case you wonder where this sudden activity and spike came from at 10.15am (GMT)... 1013 GMT [Dow Jones] The corrective USD rally of the past four months is over and the longer-term downtrend is resuming, says Barclays Capital. Why? Because ...

EURUSD

Just some explanation about my technical charting: Failed to break Daily Pivot @1.5938 for now, for the retrace it needs to break those two UTL's with min breakout target @1.596. If it doesn't break we should be heading towards LTL @1.589, if breaks ...

EURUSD

Nice safe setup Pip..I see two orders and one SL...Got another sell order there, just in case..?

EURUSD

EUR CPI coming up...could bring it above Daily Pivot @1.5938 for confirmation of a further retrace...if not south again towards 1.59 Just my 2 cents...

EURUSD

Good post

EURUSD

1.59 is about to be clearly broken now..which imo leaves a retrace scenario only open if 1.585 holds...if not we heading south Just my 2 cents... Edit: Looking at 1 & 4H..this downtrend is much stronger then the previous one we saw before retracing ...

EURUSD

See that big fat red candle....that's me..shorting your +15 away... Just kidding...

EURUSD

Here you go: url

EURUSD

If Daily Pivot @1.59 breaks, which is tested now, next target is back to Key level @1.585 (Weekly Pivot) If a retrace then it could start again from that level IMO for possible new highs If 1.585 breaks that could be a clear downside signal towards ...

EURUSD

You are on Holiday...go and enjoy it...we will let you know in Spring 2009...

EURUSD