Trichet said it himself he has "no bias" - now the fx market currently has no bias!

EURUSD

There you have it ladies & gent. Just when people think an uptrend was forming, this sucker drops down fast within minutes.

EURUSD

Oil is now $110

EURUSD

You mean this channel right?

EURUSD

Same thing as yesterday. When the small channel that was forming on what seems to be an uptrend. Turns out to be a bearish flag, the bears broke through it much faster than it went up. Very tricky!

EURUSD

Who's arguing? I thought it was pretty quiet in here.

EURUSD

Sell from 461 and made 71 pips...

EURUSD

agree

EURUSD

I'd love to think that this is a reversal but what if all of the sudden "bam" it comes right back snatching your pips just like yesterday. But if u look at it differently this might be a chance to get a good price by selling from the top.

EURUSD

Interesting indeed. I've been looking at the exact same trendline for the next move.

EURUSD

I seem to be losing faith in the euro bulls, especially with the oil situation that's continuing to drop. Everytime there seems to be a retrace it goes lower. It's not safe to enter now so I'm just gonna watch for the rest of the day. Good Luck to ...

EURUSD

It is just me thinking that this Gustav don't have an effect on oil or not yet? Oil seems like it doesn't want to go up. Jurrasic is right - this is some BS ranging.

EURUSD

Anyways I was long since 633, just had to find some comfort. "Hoping" the German retail news speculation can push this up a bit if not a lot. Good Luck

EURUSD

I wish I can afford a 60 pip stoploss like yours. I guess your expecting this to move up more than 60 pips right?

EURUSD

I'm sure we can all relate to this vdo one time or another.

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Just my view of what "might" happen later on....

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Closed my first long entry at 725 when I thought the trend was changing. Turns out it didn't break the bulls LTL. So I re-enter at 720 now targeting 782. Hope it gets there this time.

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Maybe that could be it for the downfall with a strong resistance at 25 or just another bounce waiting to penetrate. Also Oil is still up - who knows.

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I was long at 708 now taken out. Re-enter long at 86, if this don't do it I'm taken a break...

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DAMN, Love it when I'm right and hate it when I'm wrong... - Happy Trading everyone

EURUSD