Quote of the day:“Nothing is as simple as we hope it will be.” - Jim Horning EURUSD – 1.4429 @06:46 GMT Good morning. The euro recovered from 1.4330 where support was found but current recovery looks corrective and the pair may continue to fall on Greek worries. Intraday resistance is being tested at 1.4430/50 at time Read More
- Continue reading: EURUSD Recovering Some Ground, Remains Vulnerable on Greece Worries
Quote of the day: “There can be as much value in the blink of an eye as in months of rational analysis.” - Malcolm Gladwell EURUSD – 1.4350 @06:45 GMT Good morning. Support at 1.4330 formed by the half retrace value of 1.3970 to 1.4695 is being tested at time of writing as the euro’s decline Read More
- Continue reading: EURUSD Finding Interim Support at 1.4330
Quote of the day: “Another flaw in the human character is that everybody wants to build and nobody wants to do maintenance” - Kurt Vonnegut EURUSD – 1.4482 @06:40 GMT Good morning. The euro is trading lower across the board as downside pressure is amplifying despite yesterday’s ECB signal that it will raise interest rates next Read More
Quote of the day: “Fight for your opinions, but do not believe that they contain the whole truth, or the only truth.” - Charles A. Dana EURUSD – 1.4610 @06:50 GMT Good morning. The euro is trading lower, pulling back from $1.4690 on Greek bailout uncertainty. Support at 1.4550/60 is intact and the pair holds into the Read More
Quote of the day: “When ideas fail, words come in very handy” - Johann Wolfgang von Goethe EURUSD – 1.4675 @06:38 GMT Good morning. EURUUSD is little changed after yesterday’s Bernanke Speech and upside remains under pressure in a non-volatile trading range, averaging 130-pip/day over the couple of days. Notable resistance is seen at 1.4750 followed Read More
- Continue reading: EURUSD Flirting With $1.47 After Bernanke Speech
Quote of the day: “We know what a person thinks not when he tells us what he thinks, but by his actions.” - Isaac Bashevis Singer EURUSD – 1.4631 @06:40 GMT Good morning. EURUSD is little changed since yesterday and holds below 1.4650 interim resistance after testing intraday support at 1.4550. The slow decline to 1st Read More
- Continue reading: EURUSD Holding Gains Ahead of Bernanke Speech
Quote of the day: “Do something every day that you don’t want to do; this is the golden rule for acquiring the habit of doing your duty without pain.” – Mark Twain EURUSD – 1.4649 @07:11 GMT Good morning. My summer holiday is over, so I’m getting back to the usual routine. The 2-week holiday Read More
- Continue reading: EURUSD: Recovery Continues, Previous Top-Side in Focus
Today’s links: Endless Quantitative Easing (Safehaven) Greek, Irish Risks Transferred to ECB (Big Picture) Prostitutes as Perks: Sex Incentives ‘No Exception’ in German Business World (Spiegel) Here’s The Currency That’s Better Than Gold In An Extreme Crisis (Business Insider) Buy the EURO High sell Higher (Oanda) Euro squeeze to yield to Euro wheeze? (Trading Floor) There’s Read More
Quote of the day: “I find nothing more depressing than optimism.” - Paul Fussell EURUSD – 1.4250 @08:00 GMT Good morning. It seems that signs of slowing US growth are reflected more in EURUSD than the Greek debt concerns, as the euro continues to climb towards 1.44 where notable resistance resides. The daily studies are still Read More
- Continue reading: EURUSD Continues To Climb, Next Resistance at 1.44
Quote of the day: “Nobody got anywhere in the world by simply being content.” - Louis L’Amour EURUSD – 1.4177 @07:59 GMT Good morning. The euro is currently recovering some ground, testing resistance at 1.4200 formed by 61.8% retrace value of 1.4354-1.3970 of on reports that China may increase purchases of European bonds. The daily chart Read More
- Continue reading: EURUSD Recovering, Testing Fib Resistance
Quote of the day:“Regret for wasted time is more wasted time.” - Mason Cooley EURUSD – 1.4030 @06:54 GMT Good morning. Resistance at 1.4130 has held and remained intact after yesterday’s test, so my plan to sell there was good. I just closed half position at 1.4030 for 1 big figure and will hold the other Read More
- Continue reading: EURUSD Resuming Decline on Greek Debt Concern
Quote of the day: “A strong positive mental attitude will create more miracles than any wonder drug.” - Patricia Neal EURUSD – 1.4071 @07:13 GMT Good morning. The euro is recovering some ground after yesterday’s drop to 1.3970 but remains weak on both daily and 4-hrs charts due to debt concerns. Intraday resistance starts at 1.4100/30 Read More
- Continue reading: EURUSD Holding Above 1.400, but Rallies Short-Lived
Quote of the day: “It is a very sad thing that nowadays there is so little useless information.” – Oscar Wilde EURUSD – 1.4005 @07:38 GMT Good morning. The modest recovery to 1.43 is over and the euro is retesting support zone into the 1.400-1.4050 region. Judging by how the daily chart looks like, a Read More
- Continue reading: EURUSD Resuming Sell-Off, 1.40 Under Pressure
Quote of the day: “Seize the moment of excited curiosity on any subject to solve your doubts; for if you let it pass, the desire may never return, and you may remain in ignorance.” - William Wirt EURUSD – 1.4314 @06:48 GMT Good morning. Euro’s recovery continues but doesn’t impress so far. On the hourly chart Read More
Quote of the day: “A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration.” - Kurt Lewin EURUSD – 1.4275 @06:50 GMT Good morning. the euro continues to climb higher at a slow pace as yesterday’s range was lower Read More
- Continue reading: EURUSD Getting Closer to Key Resistance Region
Quote of the day:“If the facts don’t fit the theory, change the facts” – Albert Einstein EURUSD – 1.4250 @06:40 GMT Good morning. 1.4230/50 is currently providing minor intraday support after yesterday’s recovery initiated at 1.4130. Current upside pullback is still weak compared to last down leg from 1.4935 to 1.4050, so there’s still more Read More
Quote of the day:“To know the road ahead, ask those coming back.” – Chinese Proverb EURUSD – 1.4179 @06:48 GMT Good morning. The euro is taking a breath after the large decline but current recovery is still modest. There’s more room to the upside until the euro will test key resistance, eventually. Meanwhile, interim resistance Read More
- Continue reading: EURUSD Recovering; Still Far Below Key Resistance Levels
Today’s reading list: Goldman On Why It Is Still Constructive On The EURUSD, And Thus The Market (Zero Hedge) Zimbabwe Says Days Of The US Dollar Are Numbered, Pushes For Gold-Backed Local Currency (Zero Hedge) PIMCO’s Largest “Equity” Holding – Gold (Zero Hedge) For Gold Investors, a Sudden Reminder of Its Volatility (NY Times) 3 Read More
Quote of the day:“A paranoid is someone who knows a little of what’s going on.” - William S. Burroughs EURUSD – 1.4111 @06:50 GMT Good morning. Downside remains under pressure as recent upside pullbacks were short-lived. European finance ministers are meeting today and tomorrow and current fears that Greece will be forced to restructure its debt Read More
- Continue reading: EURUSD Continues to Weaken on Greek Debt Worries
Quote of the day: “Always bear in mind that your own resolution to succeed is more important than any one thing” - Abraham Lincoln EURUSD – 1.4256 @06:45 GMT Good morning. I suggest you start the day with an article that should be a lot more helpful than the usual daily tons of Elliot Waves, fancy Read More
- Continue reading: EURUSD Recovering Ahead of Trichet Speech
Quote of the day: “Never look back unless you are planning to go that way.” — Henry David Thoreau EURUSD – 1.4219 @07:30 GMT Good morning. The sell-off continues and April’s lower side is under pressure as the EUR fell 250 points yesterday and doesn’t show any sign of vigor at this point. New intraday resistance Read More
- Continue reading: EURUSD Weakness Intensifies, April’s Support Under Pressure
Here’s a brilliant picture I’ve found – the result of Microsoft-Skype deal: skynet And some links for today: Pictures From A Violent (And Media Blacked Out) Greek Exhibition (zero hedge) Steve Forbes: “The US Will Likely Have A Gold Standard Within The Next Five Years” (zero hedge) Galleon hedge fund billionaire Raj Rajaratnam found guilty Read More
Quote of the day:“Simplicity is the peak of civilization.” - Jessie Sampter EURUSD – 1.4394 @07:16 GMT Good morning. The euro recovered some ground following AUD and metals, but remains under pressure – current recovery being modest so far and there’s enough room to the upside until notable resistance may be tested, at 1.4550 and 1.4650. Read More
- Continue reading: EURUSD Recovering Some Ground, Following AUD and Metals
Today’s links: On The Dislocation Between The EUR And PIIGS Insolvency Risk (Zero Hedge) The Best Brokers for Forex Traders (Smart Money) Roubini’s guide to a Greek debt restructuring (FT Alphaville) Spain Is Hoping This Presentation Will Help It Regain The Confidence Of The World (Business Insider) We smell smoke (Macro Man) Shanky’s Daily Stuff (Shanky’s Tech Blog) Read More
Quote of the day:“A timid person is frightened before a danger, a coward during the time, and a courageous person afterward.” - Jean Paul Richter EURUSD – 1.4299 @06:47 GMT Good morning. April’s lows are in focus as the euro continues to fall and no signs of a recovery can be seen yet. Even if it Read More
Quote of the day: “In America, there’s a failure to appreciate Europe’s leading role in the world.” - Barack Obama EURUSD – 1.4417 @07:12 GMT Good morning and Happy Europe Day! In case you’ve missed the last posts from other categories, you may want to check them now: Interview With Steve From NoBrainerTrades.com and How to Better Use Read More
- Continue reading: EURUSD Recovering Some Ground, Remains Vulnerable
Today’s links: Goldman’s Explanation On The EURUSD Plunge: “Ooooops!” (Zero Hedge) Goldman’s NFP Take (Zero Hedge) Flash Crash – The Call Redux – A Fictional Look at the May 6, 2010 Market Crash ((Zero Hedge) The Inevitability of a Greek Default (NT Times) Euro Whacked by Reports that Greece May Leave the Eurozone? (Naked Capitalism) Read More
Quote of the day: “If everything seems under control, you’re not going fast enough” - Mario Andrett EURUSD – 1.4565 @07:05 GMT Good morning. A bit latter today, in one hour or so, I am going to publish a great interview with a trader I admire and I suggest you don’t miss it. Ok, back to Read More
- Continue reading: EURUSD Vulnerable After The Sell-Off, Ahead Of Non-Farm Payrolls
Quote of the day:“When a stupid man is doing something he is ashamed of, he always declares that it is his duty.” - George Bernard Shaw EURUSD – 1.4878 @07:06 GMT Good morning. Yesterday’s breakout was fake but the euro is holding gains not far below 1.49 before the ECB Rate Decision and Press Conference due Read More
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