That was quite a strong bounce from sub 2850 -- too strong for Spec buying to account for.... will keep an eye on order flow -- suspect official (BIS, ACB, or ME) buying down there, which should have resulted in further weakness... not a quick ...

Euro/Dollar

Spanish Ten Year yields wider by 5 1/2% today so far, now trading with a 445 basis point spread over the bund. This is the widest we have seen since Draghi's OMT announcement. Above 500 basis point spread was the norm during the height of the ...

Euro/Dollar

Check on the tripping the stops sub 2850 ... this is the lowest EURUSD has been since German court ruling on ESM.... More stops below 2840 need to be tripped to open the way to the 200 Day moving average... also the 21 DMA lies just a few pips below ...

Euro/Dollar

Why are there bids 1.2865/55? — The players bidding 1.2865/55 are following the Elliot count I favored yesterday posted below.... and looking a bit stretched now that we have traded all the way down to 1.2855ish. Elliot can be tricky during ...

Euro/Dollar

We have now traded as low as 2856... which gives back 100% of all the FOMC QE3 announcement gains, and catches EURUSD up with every other market I follow.... Bids 2860/55 have stopped decline for now. Stops will have to be tripped below 2850 and ...

Euro/Dollar

Just got a fill on a small short from 2875 -- there are some bids at 2865 that have caught the fallling knife for now, but stops exist to be tripped below 2860/55 and when hit will be swoosh down... Stop above 1.2900

Euro/Dollar

I considered re-entering my trades from Tuesday (Longs Layered from 2860 down to spike low of FOMC announcement), but have rejected the idea... we're in a new day, with some new info... and we have one run at and fail of 3070, which I was thinking ...

Euro/Dollar

I just cut these... most at BE, and ate a 11 pip loss on the 2915 entry... The fundies are changing beneath our feet, The Germans are trying to backpedal on agreements made in June, Spain looks to not request a bailout unless it absolutely must, etc ...

Euro/Dollar

Nikkei opens up below where it stood pre-FOMC QE3 announcment -- it joins the club -- how long till EURUSD?

Euro/Dollar

Watch the bond yield spreads -- This developing change may be the spark to sell off to the 200 DMA, or even 2750 -- When the bond markets get spooked, the post OMT bond yields rising and spreads widening will be the first sign that the we are ...

Euro/Dollar

Market after market, asset class after asset class has give up all of its QE3 announcement gains.... EURUSD would need to get down to 2855 to catch up with the other market's declines, where I was hoping to catch a fill most of Tuesday. After the ...

Euro/Dollar

We trade off the failure of 2970 down into the support zone below the 38.2% retrace of the September move near 2915. I have entered at 2915 with a small order, and have a few more layered in between 2915 and 2900 with a stop below the demand zone ...

Euro/Dollar

Well we got our needed fundy/news flow to tip the us off as to which count is better.... I had bet on one more push lower and to fill up longs around 2860, but we ran into a boatload of buying sub 2900 just seemed to have no bottom... With the ESM ...

Euro/Dollar

That break out system has long term positive expectation... I've been trading it live for some time now. I'll take any short it indicates... if I looked ahead of every entry I can always find areas of upcoming support/resistance. Every 25 pips or so ...

Euro/Dollar

Stopped out BE.... hope I didn't give up too early on that one, but there are a lot of buyers sub 2900 and it had plenty of momentum going in and plenty of time to find its way lower.... at some point it's no longer worth the risk of going ...

Euro/Dollar

Stop moved to BE on the BreakOut trade... booked profity in the short from 1.2948 at 1.2898 +50... Still looking lower..... Buys layered in from 2860 - 55

Euro/Dollar

I caught a fill last night at 2948 shorting from there in one account. The break back below the 1.2915ish 38.2% retrace of the September gains is encouraging and the 200 DMA currently around 2825 is eyed by many traders as coming into focus... I am ...

Euro/Dollar

Continuous failure of 2915ish... the 38.2 retrace of the September move higher underscores that the downtrend mostly contained within the downtrend channel on the hourly is still operative. 2900 held strong today, but all attempts higher failed at ...

Euro/Dollar

Would also be interested in fading 2950 -- European close in 25 minutes I am done for the day so will look for good place to fade a rally tomorrow, looking to buy into support lower 2865/55ish... depends on where the downtrend channel on the hourly ...

Euro/Dollar

Profits booked + 25 pips.... will look to reload lower.... probably 2865/55

Euro/Dollar