Also rumors swirling now that a large hedge fund has been on the bid below 1.2500

EURUSD

Rumors that Swiss National Bank is active in the market -- Means Swiss National bank is supporting the EURO to defend its price barrier -- would explain some of the big deep pocket buying everytime we dip below 1.2500

EURUSD

stocks up bunds down.... this move is across asset classes

EURUSD

Not seeing anything on the wires yet..... must be some deep pocket pocket buyers with large orders

EURUSD

Yes such reports are explaining price movement... when its middle eastern names its oil related settlement activity.... just people asking and others explaining big order sizes in the futures market

EURUSD

Rumors of Middle Eastern names on the bid in EU

EURUSD

I have beautiful technical buy signals forming in my day trading charts ( 50 pip profit targets ) but I am not taking any of them.... The overall environment is way to bearish.... we are coming off some well supported levels... but it is just too ...

EURUSD

Bond spreads continue to widen as this CDS news filters over the wires.... Spanish BUnd spread breaks critical 500 basis points

EURUSD

German Finance MInister says there will be TRoika to ensure Spanish bailout terms adhered --- Greece hated this when dome to them he does go on to say that it will be limited to banking sector.... Spanish public will not like

EURUSD

CDS (Credit Default Swaps ) would be triggered if Spain bailout comes from ESM funding.... reports IFR Markets Bearish for EUR

EURUSD

Light data schedule for the rest of the European session.... we need the US traders to reject the talk of a deal and price the fact that there is no signed deal... Some hawkish news interviews from German officials would be nice for us bears... Or ...

EURUSD

Brent Light Sweet Crude is poised to break the key 100 level to the downside -- this could bring out some further selling across asset classes.

EURUSD

Spanish and Italian vs Bund spreads widen to their highest level of the day

EURUSD

I suppose like a lot of things it depends on the time frame your trading...

EURUSD

There's too much risk on sentiment today for the Euro to fall much right now, but there isn't any enthusiasm t buy it either.... I think its signifigant that 1.2625 failed its re-test.

EURUSD

We have Greek elections next weekend.... which will probably be very bearish... And, this is a corrective move higher inside downtrend....

EURUSD

I will be shocked... barring any surprise news like Merkel agrees to Eurobonds... to see us trade above 1.2725 this week....

EURUSD

Greek Elections this weekend.... The higher it rises the more room it has to fall next week

EURUSD

Here's the re-test I posted earlier... if you are bearish its a good place to short on a swing trade basis 1.2620 - 25

EURUSD

Rumors that European Central Bank and large corporate names are buying EURUSD around the 1.2600 figure..

EURUSD