Averaging only works whenever there is a clear indication of a trend, let's face it after last 2 days what's bullish? Or do you think "they" are just shaking out weaker longs? Where would you abandon this trade?

EURUSD

March 19 (Bloomberg) -- The Federal Reserve may increase the discount rate, charged on direct loans to banks, before the next meeting of the Federal Open Market Committee on April 28, economists said. “It’s going to happen at some point,” said ...

EURUSD

@ Sky & Malcolmb EUR took 19 days to climb +373 pips EUR took 2 days to lose -231 pips Let's have a consensus on whether this is still a bear or a bull?

EURUSD

And the EUR started trading in?

EURUSD

"...Germany did this but failed and bankrupted their country after World War I. But the Germans wanted to bankrupt their currency. They didn't want to pay off their war debts and the smart money wanted to turn the middle class against the occupation ...

EURUSD

March opened at this level (depending on data provider 1.3610-20 zone

EURUSD

Like a beautiful canvas a long term chart has to be appreciated from a distance. Even with a fundamentally blank mind I observe uptrend topping at 1.6, followed by a failure swing at 1.51 & a lower multi-year trend line now acting as a magnet. The ...

EURUSD

If they up the discount rate once again, then fundamentally speaking EUR holders will have to carry on rebalancing their currency portfolio & in a bear phase that can only mean 1 thing - big sell off.

EURUSD

Wishful thinking is OK when you don't stand to lose thousands, only real weekly trend provides sufficient amount of strength to keep on rolling without having to worry about stops being hit & where to place them, whilst keeping an eye on business ...

EURUSD

Patience is a virtue. So far it's beaten last pullback by 3 days (depending on the count criteria) Next time we hit 1.3430-40 zone it will drop like a stone, this failure below 1.4 will be intermediate top for months to come. So you might as well ...

EURUSD

Rounded bottoms are not worthy of anybody's attention in a down trend. Only novice traders believe that a rounded bottom is a reversal, statistically it has no merit.

EURUSD

Wouldn't want to be a EUR bull with this weekly close below 1.3610

EURUSD

You got 2 reserve currencies, the rest is just a logical conclusion why Euro is at an immediate disadvantage. I recommend reading some good articles that decipher financial jargon fir us mortals.

EURUSD

. The UK must roll over debt worth 5 per cent of output this year. Spain, at 12 per cent, and Greece, at 13 per cent, are in the middle of the range. But Belgium, Italy and Ireland, at about 20 per cent apiece, may be vulnerable. In extremis, this ...

EURUSD

higher discount rate implies big sell off in Euro

EURUSD

Prices oscillate, trends persist. I choose the latter

EURUSD

So the logic is because they are in debt upto their eye balls USD has to decline, therefore EUR has to rise. But what will make investors switch to EUR at the moment? Please share, as there has to be something in favour to abandon USD. Why are you ...

EURUSD

You know, that's exactly what I was going to ask you

EURUSD

Some of you guys have to understand psychology behind real vs artificial price action. When price of a product has declined so it has become basically cheap there is no negotiation, buyers come in & their overwhelming buying frenzy erupts into a big ...

EURUSD

Lines are approximate areas, there has to be a clean break, like witnessed in SPX of 666 lows, that's how bottoms are made & choo-choo non stop, this Euro price action is pathetic.

EURUSD