Can we finally break 1.3650??

EURUSD

Hey Pegasus, just wanted to say thanks for your posts, really appreciate reading your take on the market.

EURUSD

I will say, the Euro is showing considerable strength for the time being considering that the DOW is at session lows.

EURUSD

You would need another 300 points down on the Dow to get that IMHO, don't see that happening, I think the market will rally this afternoon, but you never know, maybe when everyone on Wall St. gets back from lunch they'll sell the market down more.

EURUSD

Considering the DOW is down almost 500 and the Euro has moved little during the N. American session, I'm thinking we're close to a near term bottom and will rally tomorrow.

EURUSD

The risk averse trade is on, world is going into a global recession and I don't think the Europeans want a strong Euro, they want a weak currency like everyone else to spur exports, we'll see, but I'm liking the Euro to at least 1.20. That said, ...

EURUSD

Huge bearish outside bar on the daily, more likely than not, euro is definitely going down further, could be a little retrace before though.

EURUSD

You're SL is my TP. lol

AUD/USD

The euro likes the Oracle earnings.

EURUSD

Surprised by the Euro strength considering the Dow sell-off, maybe the gap finally gets filled tonight. Not holding my breath though.

EURUSD

I think just lunch time break before the eur bulls attempts to attack 1.37 again, still think a lot of people want to reload shorts at 1.40ish.

EURUSD

I know its forex, so it can explode higher at any moment, but definitely a lot of supply in this area, considering the us stock market is rocketing and the euro can't stay above 1.37, definitely a lot of sellers.

EURUSD

Greek and Troika talks have resumed, Greek minister says that rumor that the Greek PM was planning a referendum to put before the people as to whether Greece should stay in the EU is comical and not true.

EURUSD

I agree, but damnit, sometime this week there will be a violent spike to close that gap, and then I'll be short. haha

EURUSD

1.36 looks like good support, wonder if a 1.36 to 1.37 range is beginning.

EURUSD

There is no way that no one saw this coming, so it can't be a shock to major players, and secondly, the weekly gap has to close, that's why I've totally missed out on all the shorting opportunities today because I'm not going short until the weekly ...

EURUSD

S&P puts out the news at the time when the market has the least amount of liquidity, pretty easy to take out stop losses, this PA is garbage, wouldn't be surprised to see a big rebound once the real markets wake up. Of course in the crazy world of ...

EURUSD

[quote=Galation;4965324] This isn't a runaway gap, it will close this week and it will cap the downside until its closed. JMHO

EURUSD

I look for the Europeans to close the weekly gap, then I'll be short again.

EURUSD

And people wonder why there is such a high failure rate with trading, going long now is purely gambling, you should only go long when the price action confirms that its time to establish long positions, right now is obviously not that time.

EURUSD