Simple. If you went short, you'd have to put your stops above the current price range. If you did that, we wouldn't be able to take them out on the way down. That's why we'd appreciate your going long.

EURUSD

Have you seen what E/U's been doing here in the last half hour... Fellow traders, we implore you: GO LONG, GO LONG! (Oh, and stops at 3288 please)

EURUSD

Ahem... or Amen.

EURUSD

If we DID have a consensus that the EUR is toast (we definitely don't) E/U would probably have dived a ways and then stopped COLD.

EURUSD

Well, there you have it with consensus: I tend to go in direction of say Diana Rigg (as she used to be!). Angelina... not so much.

EURUSD

Don't you think that the lone trader out there (must be many) finds all the back and forth on newswires a bit confusing? I'm not saying that isn't a good environment for unbelievably extended "ratcheting" stop runs, but unless everyone were reading ...

EURUSD

Ahhh...! Keep those E/U longs commin' people. It would nice if you put the next batch of stops around 3288; and again, the bank thanks you SO much!

EURUSD

Do you mean you're not all that photo-PHILIC? If you're not all that photogenic, I'm sorry to hear that.

EURUSD

Only when MM central thinks it can take believers in correlation for a ride! Consider what it costs to shove the S&P one way or the other compared to E/U ... ah the possibilities for mischief! Ditto for the less liquid ccy pairs.

EURUSD

DON'T FORGET!!! — Equity futures spiking up, suggesting that E/U will go up (HA!) too. Do your local MM a favor: go LONG EU! (May I suggest leaving a stop around the 1.33 area to be run... that would be nice!) Help recapitalize your ...

EURUSD

LONGS WANTED!!! — Equity futures spiking up, suggesting that E/U will go up (HA!) too. Do your local MM a favor: go LONG EU! (May I suggest leaving a stop around the 1.33 area to be run... that would be nice!)

EURUSD

Been getting IV drip of gratuitous negative news in last 15 minutes... someone on the EC must have shorted E/U. They probably did it a little after 6 EST and now they're getting impatient.

EURUSD

Well, live the fantasy for a moment: 1) Italy's new technocratic Yale-educated PM really is reform-minded, doesn't have to answer to constituencies since he was appointed (not elected), and sets out to change his country's attitude toward work and ...

EURUSD

It would give Italy 12 - 18 months of breathing room, and the primo panic over the past week was the fear that Germany would refuse to roll over for them.

EURUSD

Well it was EUR 400-600 Bln, but it was a "report" citing "sources". Then again, it could turn out to be true. In which case E/U might retrace its entire fall from the past week before Monday!

EURUSD

E/U's been pivoting 1.3511 for the last 2.5 hrs. I'm no wave expert... do you attribute any direct significance to that level (also on + off again support since last Tues)? Or not...

EURUSD

If the late NY players were were up to it, I'd guess the next pause would be at 3556 (last Wednesday's high) with a conspicuous pullback. That would be their last chance before shooting for the sky to make another load of suckers see the mirage of a ...

EURUSD

Considering the aggregate size of buy stop orders that have probably built up since last Wednesday, that must be one humongous option - to make the big guys defer. Good tip!

EURUSD

Yeah, funny old day: all risk assets like AUD, NZD, CAD, GBP, Crude, S&P continue to fall while EUR/USD wallows. It's almost like someone wants you to believe E/U will follow. It seems to be saying "short me", "oh please short me" ...SO THAT I CAN ...

EURUSD

If you know what works, you know what works. That's something.

EURUSD