If it breaks 1185 no one will touch it until the 200 SMA. I´m with you on that.

EurAnalysis

That´s why the S&P and the Euro will both be testing their lows soon. They are floating on thin air.

EurAnalysis

You are about to break the neckline and you are thinking of taking profits? Most shorts are not even in yet. Not until the neckline gives way. Disclaimer: No guarantees. It may turn around to 138 again, but it is not probable.

EurAnalysis

Scratch That! S&P at 1194. Cracked the Coral and heading now for 1185. Under that there is a big void all the way to the 200 SMA at 1168.

EurAnalysis

You are also humble, from looking at your signature.

EurAnalysis

Her biggest problem is any major change to EFSF, Greek deal, etc, has to be approved by the Bundestag, following the Constitutional Court decision last month. Her own coalition is falling apart. I´m sure she is not looking forward to the Bundestag ...

EurAnalysis

1.3680 support and 200 SMA support almost cracked. The neckline only 30 pips away.

EurAnalysis

You cannot have a currency without a single Fiscal and Political voice behind it. The Euro was doomed from the beggining. Europeans are not willing to let go of their Nationalist ideas and feelings. Heck, in Spain alone we have several regions ...

EurAnalysis

OK. The coral is broken. 1 down, 3 to go. We are right now pounding on the 1.3680 support level which coincides with the 200 SMA support (Blue Line). After that it is the neckline (pink line). The Slow Trix and Fast Trix are both red (The two lines ...

EurAnalysis

Man, you and I really think alike...

EurAnalysis

That´s a ggod point Aaron. When I first started trading umpteen years ago, I tried to replicate what I read in books. Some things worked and some didn´t, but the main problem is it wasn´t me. It was someone else trading in my skin. It took me years ...

EurAnalysis

There is much more than money on the line. A failure of the Euro project means world depression in my view. Worse for some than for others, but bad for everyone.

EurAnalysis

Doesn´t look good for you buddy. Good luck. No!! That would be bad luck for me and PT and a bunch of others...

EurAnalysis

If it breaks here, next stop is 1185, which will put the Euro at the neckline.

EurAnalysis

The S&P is hitting hard at the Coral also. If it breaks it it will drag Euro with it.

EurAnalysis

Sorry. Second at 15:15 CET. Third one hour later.

EurAnalysis

No. It was the third try. The second was at 13:45 CET. This third try was exactly one hour later. You can see it on the 5 min chart.

EurAnalysis

I have a feeling your feeling is correct.

EurAnalysis

In case you don´t know what the Coral is, it is a triple exponential 60 period moving average which is part of the THV4 system. The reason it is called Coral is because it is multicolor, Green, Red and Yellow like the snake. You can see it on the ...

EurAnalysis

As expected, it is starting to break down on the third try. The coral is broken. Noe we need to break the 200 SMA at 1.3653 together with the 1.3680 support level. Then we head for the neckline.

EurAnalysis