That is my thought this morning as well.... its a push pull in opposite directions which means EURUSD goes sideways

EURUSD

Germany's Schaeubel says Troika will soon find out Greece is not upholding their agreements. No matter what happens in elections, Schaeubel is conveying the deal is dead anyway. Frankfurter newspaper...

EURUSD

S&P 500 futures at bottom of range threatening to break through to downside, but holding for now.... This is what gets me about all markets.... even the S&P... This Spanish Bank downgrade was known about a week ago... It wasn't announced, but this ...

EURUSD

Here's a better version -- Fitch cuts 18 Spanish banks long term IDR's fiollowing soveriegn downgrade This is normal after the soverieghn gets downgraded, but its just the fuel this market needed to break down through 2480

EURUSD

Fitch takes action on rating spanish banks... downgrades 18 or so banks.... can't type fast enough

EURUSD

What we need are people who actually live in Spain to tell us when the bank run starts

EURUSD

Large sized bids touted at 1.2470 area...

EURUSD

Its days like these that a set of trade rules that together form a mechanical system really shine. No emotion at all in the trading.... if its a trade according to the system you trade, and you already know where your exit will be... one way or the ...

EURUSD

Spanish bond yields now higher than at any time in 2011 very bearish

EURUSD

If the Euro's rate is near zero after a cut, and the dollar is near zero now -- We could see parity... That would sure sell a hell of a lot of Mercedes and BMWs to the Chinese

EURUSD

ECB's Makuch says he can imagine an ECB deposit rate -- He is the 2nd ECB-er to say so this week-- Is this a sign that pressure for an ECB rate cut is building?

EURUSD

Mission accomplished -- that will have shaken out the weak shorts

EURUSD

Seems to me that pile of stops sitting at 1.2525 are going to be too juicy not to be hunted and tripped in the coming two to three hours -- as US players add some volitility

EURUSD

52+ percent retail traders are long the EURUSD -- a sure sign shorts are favored

EURUSD

ekathamerini - Greeks are withdrawing 500 millions Euros a day from their deposits in banks... bank run underway in slow mo nervousness ahead of weekend elections

EURUSD

stocks looking ugly maybe thats a bit harsh..... lost its steam though

EURUSD

You either have a very long time horizon or you have been hitting the moonshine a little too hard

EURUSD

Thats not bad target -- still I'm standing aside on all longs --- I'm letting these up moves reset my system for a new short entry.... I don't always need to have a trade on.... if I miss a few pips so be it... The overall big picture theme in this ...

EURUSD

Large buy stops reported at 1.2525

EURUSD

ECB is also in the bond market checking rates....

EURUSD