Good luck. I am staying short until I spot a reversal signal.

EURUSD

Is that based on any technicals or a gut feeling?

EURUSD

Much appreciated thanks and green ones to you too. PS Am listening to Alistair Darling drone on with his boring budget. He's no darling of mine. In fact, I may have a lunch break and a stiff drink!

EURUSD

Yes but the time charts do matter. In that case I was referring to the daily chart - have a look at it and you will see what I mean. It also works more often than not on any time frame. Take today on the 5 minute chart, 1st support it broke through ...

EURUSD

Thanks TC. Me too. I just wish we know when it will be! But if the Euro is in very serious trouble it may not come back to the resistance. As I said on one of my previous posts, Goldman Sachs will probably put a buy on it to drive it up so that they ...

EURUSD

Ha ha ha!

EURUSD

If you look at the daily chart you will see that circa 1.3440 proved to be support 4 times which it broke through today. This should now become resistance. It would be very usual for the pa to retrace back to it one day in order to test that it is ...

EURUSD

That makes perfect sense. Many thanks. I would just like to know when the retrace may be but no one will know! Hopefully not today.

EURUSD

It looks like a good call. Well done and good luck.

EURUSD

You are much braver than me. I would not buy the Euro TODAY against any currency, even GBP (but if I did, that would be the best one!). Good luck.

EURUSD

It retraced to 3400, infact 3406 at 9am when the German economic data was released but was rejected extremely quickly. Does that count?

EURUSD

I think this pair seems to have its own Agenda at the moment, regardless of economic news. It is the bigger news like the Portugal downgrade that are moving it. Until a few months ago there were rumours of the Euro taking over from the USD as the ...

EURUSD

It should retrace to 1.3365 soon other than that I am expecting it to drop more over the coming days

EURUSD

Me too. Aint is beuatiful?

EURUSD

Very easy to make mistakes. I started shorting this too early, at 1.36 only to see it rise to 1.38 with everyone talking about it going to 1.4/1.42. Luckily I held on to my convictions and closed half my position at 1.3725 for a loss but sold again ...

EURUSD

The big support was at 1.3406 but that should now proove to be resistance and it was tested to the pip exactly on release of the 9am news. It would not be impossible for it to be tested again as it was such strong support but 1.3391 is more likely ...

EURUSD

We may have a quiet period for a while

EURUSD

I have mid S3 at 1.3391 and resistance at 1.3406 as likely retracements and possibly S2 at 1.3419 but unlikely to get that high. Anyway, we will see....

EURUSD

Really? Why?

EURUSD

Can we get under 1.34 this time?

EURUSD