It started "burning", time to observe the daily close.

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Now it's probably going to try and "burn" the daily candle a bit, though I'm not going to play it short. I'll wait for a re-entry long lower, depending on the daily close today.

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Now is a really good time to cash, at least partially. Resistance is only 10 pips away.

EURUSD

YES! good to wake up to such great news D Not to brag but nailed that one real good That was at 2990

EURUSD

It's a risky one, but the potential losses should the scenario not happen are very limited, 30-ish pips.

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Going long looks like a good plan, stop just at about 2960, target 1 - 1.31, target 2 - 1.3440. Good risk reward.

EURUSD

Watch out for 1.3040-3020. strong support.

EURUSD

Very interesting first observation, they imply for many of the countries that the export growth is set to slow down by about half. While they don't give any specific reason, it is also interesting to note they believe consumption will rebound ...

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url

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Yes, seems like what is happening. I believe it isn't even so much a plan, as in a conspiracy, as maybe just a collective process in the market. Economic disbalances try to be corrected by the market by trading the exchange rate, but they can't fix ...

EURUSD

The big question is if the purpose of the Irish saga is to just counter US QE, or even gain on it. Also a variable is just how strong is the underlying impact of Bernanke's new wave of printing, as it's probably very well calculated. Depending on ...

EURUSD

Good luck to all trading, I promise I'll be back after a while. You know there are no former junkies, poker players and .... traders

EURUSD

I'd be betting 1.18 if I were trading now, but I think you're generally very right about the direction. The idea I think is to be formed a double bottom with the Greek lows.

EURUSD

Only posting here briefly, been away on other business as of late. But i'm going to comment a bit on the euro crisis. Some say the euro is fundamentally flawed. Others say the euro is about to break up. Some say the germans will get angry for having ...

EURUSD

All major resistances broken, any retraces should happen only on shorter time frames. Long term keeping on track.

EURUSD

The beauty of it all, all major resistances respected well:

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Hmm seems some people here that though the ECB would use media and propaganda to keep the euro in check were right. Just when monsieur Juncker was saying he doesn't like euro above 1.40, this piece of news is released just so conveniently: url

EURUSD

More probably they have almost priced in QE2 already. Also there's increasing disagreement in the FED about QE, maybe that's also a factor. Gold seems quite excited though, almost shrugging off that ugly topping candle from yesterday.

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the quote is from bloomberg, the commentary is mine

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"Goldman Sachs this week cut its growth forecast for the euro area next year to 1.8 percent as it predicted the euro will rise to $1.55 over the next 12 months, compared with its previous forecast of $1.38." There's no greater wankers than Goldman ...

EURUSD