I should have been more precise with that. I was looking at the 4hr chart starting with the 1.29x high open on Sunday night to the 1.2662 swing low. It went a little past it but quickly retraced. I'm using stoch's and MACD. url

EURUSD

Bearish divergence on the 1h. Hitting the 61.8% fib and bouncing off is a good sign that it ran out of steam. I'd be on the short bus as well.

EURUSD

Obama speaks in 5hrs. This could influence things. Bernanke seemed to spawn the Dow today with suggestions that the recession could be over by the end of this year.... Whether that's true or not is still up for debate.

EURUSD

Just blew through 1.2842 resistance. She's coming up on the 4h 61.8% fib. If she gets through that then she's looking at more resistance at 1.2892. I can see it hitting 1.29 by asian session and depending on how PA is around then it could double top ...

EURUSD

What's the general outlook on touching the new highs and lows of this/last week? We are coming up on 1.26 rather quickly off our high of 1.29. Anyone else thinking about a 400 pip range week or all down from here? The divergences were saying for a ...

EURUSD

May or may not be of use S.5 = 1.2696 S 1 = 1.2634 S 1.5 = 1.2534 Seems as if it's losing steam though. Slight bullish HD forming on the 15min and could be a start of one on the 1H charts. 30min macd looking oversold also. Staying out for the moment. ...

EURUSD

HD on 15min and 30 min starting with fridays shinanigans. At 61.8% fib on 1H and a support level I'd have to say we're going up for the time being.

EURUSD

How correct are those after hour quotes? About two weeks ago there was talks about a couple hundred pip gap down and it actually gapped up. I can't see a mass of people longing this thing after a move like we had today and a trickle down as the ...

EURUSD

So this would considered a closure of gap? I was amazingly wrong in my prior post. Got to love the big boys. Praying for a sell off.

EURUSD

I wouldn't jump on Peter's bangwaggon yet. More info: url

EURUSD

There's nothing that says a gap has to be filled within the week. They might have filled the past 7 years but one also has to realize the times are a little different now. I think there's just too much fundamentally happening to push it up ~300 pips ...

EURUSD

Just looking at the hidden divergences it could go either way IMHO. Staying out for the time being. I don't see the bull on the 4h divergences though. Just a general trading question -- how long does one wait to draw the divergence lines? Sometimes ...

EURUSD

Talk about a battle of bulls and bears. My personal outlook is she'll hit 1.2700-1.2725 and be hit lower.

EURUSD

What's your SL and TP?

EURUSD

Hmm, I didn't like how quick it's selling off. I closed the position at BE and I'm waiting for the bottom.

EURUSD

I'm sorry I don't follow. I take it you are going to wait for it to get there?

EURUSD

I'm waiting for a long at 1.2725 shall it ever come around.... Tomorrow we should see a rather healthy rally. I got in last night at 1.2748 and ran her up to 1.28xx and called her a day. It was an incredibly boring day that's for sure.

EURUSD

So what's the general consensus/forecast as to how Trichet's speech is going to go tomorrow? You guys thinking another buy the rumor? I'm long at 1.2748 tp: 1.2825 . The way I'm thinking is that the euro session, the speech, and the risk/reward is ...

EURUSD

I'm with you brother. Just being extremely patient at the moment.

EURUSD

It was a 50% retrace on a down day. I don't think anyone could have called a +100pip bounce back

EURUSD