If it can break downside of 1.12350 definitively again, that could be a major BULL TRAP being signaled. Right? Key now is to see if 1.1245 on LONG SUPPORT holds...

EURUSD

Think 1.1250 should be where we get to here soon. 1.1245 is the level that could hold as LONG support. If you set this as a stop, I'd suspect you get stopped with a chance still of it going higher. I'd try to LONG around 1.1250 and stop at ...

EURUSD

Or... or could it be that the long term trend has switched to DOWN and the Kocherlakota news was actually faked for the big players to be able to short at a higher level and work to acquire positions? Just blew minds there with this one...! Haha ...

EURUSD

Now the question looks to be will it base LONG support now off of 1.1245 like I suspect it might. As a bear by my long term signal, I hope I'm wrong. haha.

EURUSD

Daily BAR technically opened down.. and we are nearing back where it opened. Will be interesting to see if it reverses up. My thoughts are down from here soon since it is showing some resistance at the daily open. But given the recent past... haha.

EURUSD

Yeesh, got a price pop up here now. Crazy time. Haha. Needs to stay below 1.132 to be still compelling "LONG TERM SHORT" in my book...

EURUSD

"Crazy" part is, the ECB or someone from it started to say/hint at about 2 days ago over the newswires/newsfeeds that they would not be raising rates and they would be still keeping "easy" policy for now. Now watch they say the opposite tomorrow... ...

EURUSD

Check these out (the attachments) - the bottom chart is USDCNY with 5/9 highlighted on a YEAR timeframe. I basically suspect that: *there was evidence of US cooperation to strengthen the CNY compared to the USD (weaken USD while they did this). ...

EURUSD

Interesting... did you see that ChallengeGray number before? They initially announced a HUGE layoff number (bear USD, bull EURUSD) then later came back and revised it... "[Ford] reduced the company's layoff announcement from 20,000 to 1,400." ! The ...

EURUSD

USD should gain a lot of strength (rates go back up bonds sell off) once the THURS UK elections are "cleared up"... I think a lot of the US rate decreases/bond buying recently have been due to that. Well, that and China was working with the FED to ...

EURUSD

Needs to hold 1.126 for the LONG TERM SHORT to apply still... My guess is people risking off ahead of THURSDAY meeting/news/election - people taking some profit on this huge LONG move up. As a SHORT, I'm basically hoping for as much distance between ...

EURUSD

Ah man, looks like I am a sick bear! Haha... I looked at the chart and saw it was going down and got pissed even though I'm net short. Haha! Guess it has been too long!

EURUSD

Wait, is this sarcasm or a serious post? Haha

EURUSD

The air is getting thin up on Euro mountain, that is for sure! Looks like 1.132 needs to hold for SHORTS after Thursday news and the day in general. Will be interesting for sure to see if there is a classic "blow off top"... Or if we go even higher. ...

EURUSD

I agree with the rooftops guy sadly... we have seen this a million times at this point. haha

EURUSD

Yeah, weak retail info out of EZ so that should cause some bull action. *SARC* Just a jaded bear here I guess...

EURUSD

My metrics have it as a sell as long as holds below 1.13025... ugh. Same old here for any bears.

EURUSD

So.... blowoff top on THURSDAY right? Haha! It has been very painful so far for any bears for sure.

EURUSD

1.12350 needs to be "definitively" broken for the SHORTS. Strong LONG support right now... My guess for today is profit taking of people who want to take risk off before THURSDAY - so it resets to about 1.12 before THURSDAY'S "main event." But with ...

EURUSD