What Mr.Bernarke said - no change in FOMC policy until late 2014, and defibrilated the dead EUR's heart, then it came to life and said oh where am i somewhere below 1.30 -let's get to work now - and this morning we are again above 1.31 approaching the downside Ichimoku border of the negative cloud @ 1.3170, we have strong resistances @ 1.32 and 1.3260, then 1.3360 and if that is broken we may go back to 1.36 or even 1.3740, what a man Bernarke is!!!!
Of course this won't happen at…Continue
We have some consolidation @ 1.3020 where i've suggested SHORT entry point, in fact we have some 7-8 days of continuous rising of the EUR with just a small correction at the end of last week. EUR will become definitely bearish if we have a daily close below 1.2840, and we are still fat away from there, so maybe there is a little more room for some upside. Possible rising to 1.31 and even to 1.3160 - it depends much on agreements in Greece - and for now no agreements. Below 1.2950 we shall go…Continue
The auctions of France and Spaih have supported well the EUR rising and now we are trading @ 1.2960. However downside will begin soon as another downgrade of S&P expected, this time for Italy, Spain and Portugal. After the several unsuccessful tries to break the 1.26, we have a correction move which may extend even to 1.3120 if we are able to close the week above 1.30 (i doubt about that) Now in the moment it's difficult to tell you where to enter - but enter SHORT @ 1.31 (if reached) or…Continue
After yesterday's jump to 1.2808 EUR has made some 50 pips pullback. This morning upside movement continues as the talks in Greece will be renewed today, so maybe there is a little bit optimism on the markets. First resistance is 1.2820-30,second is 1.2910, Try these to enter SHORT with 40 pips stop. First target 1.2680, second 1.2620. After the EUR rising i think a quick drop will follow because there will be auction in Portugal today and in Greece maybe there will be agreement on…Continue
Today the "Troika" starts work in Greece as the country is threatened again. Situation in Hungary is pretty dangerous too - seems that Eurozone is going to beak apart and it looks to me like a building after a huge earthquake. It's very dangerous to stay inside. All this pressures EUR and after some 150-200 pips recovery EUR is going to take to the south once again. But the level 1.2640-60 has proved a very strong support and investors are unlikely to go below for now. Because of that i…Continue
EUR has reversed Monday's gain and is trying to break the 1.29 support, next support is @ 1.2850 and then 1.28 where is the 261.8% fibo from 1.4680. For now this level serves as strong support and breaking it will be hard. There will be no break before 15 of Jan, because some important decisions for Greece will be taken since 15 of Jan. until then we shall hover around 1.2850-1.2950 . Range trade is expected, only on a daily close above 1.3070 we may see 1.32, but for now i don't see that to…Continue