Just curious, any reason AU just dropped nearly 60pips in the last 45minutes? Kinda weird this time of day. I'm still waiting to see the .9000 level taken out and how price reacts around there

AUD/USD: Trading the Australian Building Approvals

glad I took profit near the 130.80 double top...this drop is nasty!

Greece may not get next EU8.1b as planned, Merkel tells SZ

Agreed...I have to go up to my weekly chart before I can see any support...and that's not until about 0.8800 from what I see.

RBA Stevens: Economic Conditions and Prospects

So do we hit 0.9000 and below today or tomorrow?

RBA’s Stevens Sees Major Challenges in Mining Boom Wane

It's still early, but looks like another day of USD strength setting up. Makes sense to pump it up leading up to NFP and then dump it(unless ECB has something to say tomorrow that changes things). Trade Smart out there!

Fed's word is its bond, now lost in translation

ECB/Draghi on Thurs, US NFP on Friday....that should create some fireworks. Will 1.3000 support now turn into resistance? We shall see.

EUR/USD Technicals – 1.30 breached, downside galore

Ask and you shall receive...

Greece may not get next EU8.1b as planned, Merkel tells SZ

EJ might be the best pair to trade...if UJ goes up, EJ goes up. If EU goes up, EJ goes up. Win Win for EJ either way. Now just have to wait for some type of retrace to get in long again.

Greece may not get next EU8.1b as planned, Merkel tells SZ

Interesting drop today...yet price stays above 1.3000. Next week hopefully will provide us with a more clear direction. Enjoy the weekend!

Europe bank rescue plan would hit investors

Anything can happen. I'm not say e/u "can't" go down, it might...but I need to see it close below 1.3000 before I believe we continue the downtrend. Right now I see oversold conditions and price action that says we've formed a temporary(or ...

Europe bank rescue plan would hit investors

1.29839 and 1.3056 mean something too.

Europe bank rescue plan would hit investors

Depends on what the market makers want to do.

Fed's Lockhart says markets misheard Bernanke

Don't forget all those who went short on yesterday's break below 1.3000...they are now trapped.

Fed's Lockhart says markets misheard Bernanke

That's a possibility. But with the push below 1.3000 yesterday and move back up by end of day...then today's retest of 1.3000 and failure to close, you now have 2 days price couldn't stay below. I like what I see on the charts to be a "buy the dips" ...

Europe bank rescue plan would hit investors

You'll see...the Bernanke drop is over and e/u is heading back up. Today is the start of the reversal from that 400pip drop as long as price closes up near the highs today. 1.3000 is the line in the sand, a close below that and we continue down.

Europe bank rescue plan would hit investors

I don't think any of the CBs know what they are really doing...but in their mind, they believe it's the right thing to do.

Europe bank rescue plan would hit investors

Excellent...now we have a line drawn in the sand on EU...1.3000 If the daily candle closes bullish today, start buying on the dips because the recent downtrend from Bernanke's speech a couple weeks ago is at it's turning point and it's retracement ...

Fed's Lockhart says markets misheard Bernanke

Well there you go, Price Action is King again. 40pip rally from 1.3000. Thank you.

Dudley Speaks: "Taper May Be Appropriate Later In 2013"

It might hit the investors...but not the E/U...nice 40pip rally from 1.3000 today

Europe bank rescue plan would hit investors

lol...true

Dudley Speaks: "Taper May Be Appropriate Later In 2013"