... and almost completed wave 5 of bear flag on German DAX30 .

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Trend line Resistance on E/U & E/J. Trend line and almost S1 Support on U/J

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Good morning mk, This should be a very interesting day. It seems to me that the market is ignoring the fundamentals in Europe and instead listening to the politicians with their empty words. Maybe the politicians told the big banks (who do most of ...

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Hi Swede, One of the ways (there are others) to identify a retrace is with Fib lines. Typically a retrace will only do 61.8% of a move. However, it can do 100% also. 100% is considered double top (or double bottom depending on the direction of ...

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Moody's does it again — Moody's takes rating actions on Portuguese banks; outlook negative .

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Gofer, That's also a coin toss. However, considering that usually on an NFP day, the market stays in a tight range until the release, and considering we have hit major resistance at 1.3420/40 area and are also sitting at the top of the rising ...

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Blobik, Make sure you read the full article. The link is at the bottom of my previous post. As for scaling in, I would highly recommend. This is the reaction I feel the EUR/USD will see in the four possible scenarios: 1. NFP at or a bit better than ...

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NFP - What to expect — This is what I was explaining to CommercialB earlier but this article does a much better job of explaining it. Here is the excerpt and I have supplied a link to the source article at the bottom of this post: What to ...

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That's too funny

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Channel Resistance — We have now reached the top of the rising channel RCH-1 coinciding with Falling Trend line (FTL-1) .

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That's probably because they're not sure how to read the latest financial numbers and frankly I don't blame them. It's a big mess out there. Loads of talk and no walk.

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BRICs to the rescue -NOT! A very good read if you have some time. .

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100% in agreement.

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The horse may learn to talk — The following story reminds me of the situation Europe is in. Trying to do the impossible by kicking the can down the road. Enjoy There’s a famous story involving the Persian philosopher and fool-figure, Mullah ...

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That's because they are buying government bonds up to €40 Billion. Hardly a QE move but yes technically it is. However, this €40 Billion will eventually be paid for by the EFSF so it will not be directly sitting on the ECB's balance sheet and will ...

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Thanks for your comments CommercialB and welcome to EurAnalysis. Glad to have you here and looking forward to your contributions. If you haven't already done so, please read page 1. Thanks in advance Yes, typically a better than expected NFP will ...

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No it's true. They danced around it... For now

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They are not re-capitalizing, they are re-financing. Big difference. The ECB will not re-capitalize, I am not sure they are even allowed to do that. The re-capitalization will be done by the bank's home country governments, most likely in the form ...

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ECB decision news — Trichet: Introductory statement to the press conference ECB does the QE dance .

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