Her biggest problem is any major change to EFSF, Greek deal, etc, has to be approved by the Bundestag, following the Constitutional Court decision last month. Her own coalition is falling apart. I´m sure she is not looking forward to the Bundestag ...

EurAnalysis

1.3680 support and 200 SMA support almost cracked. The neckline only 30 pips away.

EurAnalysis

You cannot have a currency without a single Fiscal and Political voice behind it. The Euro was doomed from the beggining. Europeans are not willing to let go of their Nationalist ideas and feelings. Heck, in Spain alone we have several regions ...

EurAnalysis

OK. The coral is broken. 1 down, 3 to go. We are right now pounding on the 1.3680 support level which coincides with the 200 SMA support (Blue Line). After that it is the neckline (pink line). The Slow Trix and Fast Trix are both red (The two lines ...

EurAnalysis

Man, you and I really think alike...

EurAnalysis

That´s a ggod point Aaron. When I first started trading umpteen years ago, I tried to replicate what I read in books. Some things worked and some didn´t, but the main problem is it wasn´t me. It was someone else trading in my skin. It took me years ...

EurAnalysis

There is much more than money on the line. A failure of the Euro project means world depression in my view. Worse for some than for others, but bad for everyone.

EurAnalysis

Doesn´t look good for you buddy. Good luck. No!! That would be bad luck for me and PT and a bunch of others...

EurAnalysis

If it breaks here, next stop is 1185, which will put the Euro at the neckline.

EurAnalysis

The S&P is hitting hard at the Coral also. If it breaks it it will drag Euro with it.

EurAnalysis

Sorry. Second at 15:15 CET. Third one hour later.

EurAnalysis

No. It was the third try. The second was at 13:45 CET. This third try was exactly one hour later. You can see it on the 5 min chart.

EurAnalysis

I have a feeling your feeling is correct.

EurAnalysis

In case you don´t know what the Coral is, it is a triple exponential 60 period moving average which is part of the THV4 system. The reason it is called Coral is because it is multicolor, Green, Red and Yellow like the snake. You can see it on the ...

EurAnalysis

As expected, it is starting to break down on the third try. The coral is broken. Noe we need to break the 200 SMA at 1.3653 together with the 1.3680 support level. Then we head for the neckline.

EurAnalysis

Second attack on the multiple support area around 1.3660 to 1.3720. I don´t expect it to break down yet, Maybe on the third try. Once it breaks, look out below because the neckline will have broken and you have a lot of sell stops and stop losses ...

EurAnalysis

Very well stated friend. It´s a bit like trapeze without the net. You are going to make very sure you get it right. Still, stop loss or not, you cannot expose the bulk of your capital to a margin call. A major world disaster can take you out in a ...

EurAnalysis

First of all, I NEVER trade against the trend. How do I determine trend. By simply looking at the color of the current Heikin Ashi D1 bar. If it is Red, I only trade short. If Green, only long. Secondly, the account that holds the position is your ...

EurAnalysis

I like your system. Let me detail mine for those who may be interested in trying it. I learned it 20 years ago from a great stock trader friend of mine. He called it the Box System. Let´s suppose for round numbers sake that you have allotted 100,000 ...

EurAnalysis

Not basing my decision on the Yen. Strictly based on the Euro technicals and S&P.

EurAnalysis