Another thing that comes to mind is 'extended gains'.

EURUSD

I would use the word euphoric craziness. If you think about it all - what has been solved? It's just short covering, no real bull yet, again IMO.

EURUSD

I can only put it down to short covering by laying it out on spot market buy orders, gap is far too wide for these news.

EURUSD

170 pip gap so far, unreal.

EURUSD

The point is when you sell weakening price action in a down trend more often than not you would have back up from many trading entities, when you sell strengthening price action in a down trend more often than not you would not have back up from ...

EURUSD

No idea at present, I do see it climbing towards 1.3818 & only there starting to weaken considerably to make another run at the lows. Right now it's between weekly Support 1.3266 & weekly Resistance 1.3818. Shorting here is not low-risk IMO.

EURUSD

IMO it is always better to leave bounces well alone in a down trend & wait for price action to weaken. If you sell into strength, then what would that achieve from a logical perspective? Not much, unless you get lucky. That's why I always propagate ...

EURUSD

It is too big of a gap not to be closed.

EURUSD

That's what I see happening, providing USD doesn't go into a big sell off. url

EURUSD

Mal, we shall see, if you are long - good luck, what else can I say? As I have already said 1.3818 is a weekly resistance level & weekly resistance levels are not so easy to bypass.

EURUSD

Who was "playing" with their currency?! That's a typical political garbage to feed the sheeple with. And who cooked the books prior to joining the EUR, the devil?

EURUSD

1.3818 is weekly resistance, which ought to be strong in a down trend, kissing is allowed, but no hubba hubba. Price can quite easily take out daily resistance levels below 1.3818, I believe there are 4 daily resistance levels, but whether 1.3818 ...

EURUSD

1.45 is just not likely at all, it's above 50% of this whole move (1.418), do you really believe that a down trend will finish just like that without any further selling? The only way that may happen is if USD gets trashed on a big scale & who here ...

EURUSD

Providing we stay above 1.35 this is what I expect to happen, kiss the averages at "death cross" apex & down. Basically I false breakout of 1.38

EURUSD

USD index Monthly

EURUSD

url same old in a way, decision reached unanimously to help Greece, no details

EURUSD

Bankrupcy is the ultimate exit of a failing system. Promises to not let Greece fail are just promises to help bring some optimism back, but problems won't disappear with optimism, Greece will most likely get into more debt. It's like government bank ...

EURUSD

Trends are a lot stronger on longer term charts than intraday ones, levels hold better, no need to be by computer all the time I use an iPhone for all trading now, slippage is less of an issue, but mostly it's about trend strength and being able to ...

EURUSD

If Dow really ranks, then USD will rise dramatically. Have you heard that when confidence in stocks is lost cash is king? So if stocks start selling off USD ought to rise, that's not to say USD will go into long term up trend though. USD needs ...

EURUSD

Here is another way to see a daily chart, for instance taking Lastcoke's early alarm signal of a HH, it is not there at the moment. Indicators are calling for a countertend move, but no HH for now. Real trends have to have breakouts, fake ones ...

EURUSD