I see potential shorting areas 1.3624, 1.3760 but I have my doubts on the strength of the bulls. Asian session doesn't promise much so I'll just laze around today. Liquidated all my position last night @ 1.3514, now flat.

EurAnalysis

Waiting for pinocchio bar to form. Currently 2 short positions, 1 underwater, average out = 0.

EurAnalysis

We have a runaway bear here, next stop 1.348?

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Be careful, there's lots of news today, you may get burn. I bailed too soon yesterday out of my short position, now I'm kicking myself over it. Oh well, too bad.

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Will watch out. Right now it looks to me the bears are doing just fine.

EurAnalysis

Have just got out my 2 positions as well @ 1.368, 80 pips bagged. I may enter again but will have to watch a bit as well, probably another short around 1.373 (fib retracement). My exposure was around 7% of account so I was sweating as well but gotta ...

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Hi PT, I see you put supply./demand @ 1.3380, any reasons? I've got mine @ 1.357 as I see some pretty long legged ladies there, am I right?

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Inverted H&S anyone? If I read this right, price will test 61.8 fibo level then retraces back to 23.6 level then finally shoots up to 1.41 (neckline level)? Of course, this is purely TA, not taking into account FA.

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Just a bit of update over here. Price gaps up, opened @ 1.3797, tested high @ 1.3799. I did expect it to test 1.38 but did not expect it to open this high after the weekend. Volume has been pathetic so far, < 50 trades per min. Spread @ 2 pips to 3 ...

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Nice, 1.38 here we come.

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The way I see it, the rejection is too tame and with price creeping backs up I'd say it will get broken in no time. I guess the big guys are taking time off today letting the retails drive price up. Should be interesting. I shorted @ 1.369. I'll ...

EurAnalysis

Edited, should be 1.375. Hell, with what's been happening for the last hour or so, I'd even venture to say 1.38. Cheers.

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Resistance broken, may even see 1.375 today.

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Did that news just now spook you out a bit? How much equity % is on the table anyway?

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Here we go. The NY boys managed to push it to 1.368 in no time. We'll see 1.7 sooner than I thought.

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Can you elaborate more on this point? So it's a battle of retail traders vs big banks? Retail traders move it in on direction and the big banks have to balance it?

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Not a whole lot happened while I was away. I still have my limits in place and will just watch today. Price didn't retrace to 1.369 as I thought, something iffy is going on.

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I noticed the same thing a few pages back. The web platform has these spikes on the moment they perform maintenance (10pm London time). They also display data on Sat and Sunday too which bothers me quite a bit because it causes gaps. EDIT: also ...

LMAX = revolution?!?

I've just put 3 Sell limits @ 1.367, 1.377, 1.372. Let's see how E/U plays out. Currently flat. Over and out.

EurAnalysis

In my opinion, print more money to solve the short term is worse because we'll pay the price later but I guess if the policy maker ain't around anymore then that's not exactly their problems. The thing is, if you introduce a radical fiscal policy ...

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