If we get a daily close below 1.3350, we will see 1.2910. the only variable is when. Probably next week.

EurAnalysis

we need to see a daily close below 1.3350 .

EurAnalysis

I'm carrying 3 euro shorts over the weekend. I did it last weekend and the weekend before that. If we get any gaps on the euro, it's to the downside. The euro is very ill. Fitch just downgraded Italy and Spain and now we're risk-off again. .

14 Year Old Forex Trader's Lessons

my analysis chart — I still need to see a break and hold below the sell zone to be sure we have a sell-off. But it's a good start. I'm in anyway so worst case I break even today but I am 90% committed to these shorts right now. .

EurAnalysis

Actually Aaron I am disappointed. I expected the reversal to end at 1.3360

EurAnalysis

Fitch has downgraded credit ratings of both Italy and Spain. I am now expecting a default of Greece. Some say it will be orderly. I seriously doubt it I am in with 3 short positions and I am keeping them Periscope down Prepare to dive .

EurAnalysis

And down we go — Here is my live chart. Now I have 3 shorts again. The original at 1.3773 and two new ones (1.3513 and 1.3460) Someone on CNBC said "The euro is dead... bury it" Well not quite but it is certainly very ill. .

EurAnalysis

Wow. How come you manage to get in at the same price as me? Are you spying on me??? LOL Have a great weekend Gofer .

EurAnalysis

I am in at 1.3513 and I will be holding it. Fundamentals are very well behind me on this so I don't really care what the indicators tell me. If I am wrong about this trade and we go higher from here, I will short again at the higher price. ADD: I ...

EurAnalysis

NEWS — Merkel-Sarkozy Split on Greek Default Issues Surprise surprise .

EurAnalysis

If you're talking about the shorts that have already been squeezed, I fully agree. However, I cannot see this thing breaking and holding above 1.3520 today. I see no volume at all or any momentum. I don't see fundamental support for such a move ...

EurAnalysis

The only wound I believe you will be licking is the one on your knee after doing the happy dance too close to your desk and banging it on the drawer handle.

EurAnalysis

NEWS — EUR/USD Finds Resistance at Last Week’s Central Pivot: 1.3520 Greek Default May Be Looming .

EurAnalysis

Still no momentum on equities DAX30 not breaking top of wave 5 limits SP500 stalling Euro holding below 1.3520 All looks good so far. Still waiting for a short. If it drops below 1.3460 I might jump in. .

EurAnalysis

stay tight with longs on the euro. This upward correction is exhausting. If it rallies up from here it cannot go far. 1.3550/60 maybe

EurAnalysis

1.3520 is supposed to be strong resistance. If it breaks and holds above there, then we might have a rally starting. .

EurAnalysis

If this wasn't such a clean thread, I'd tell you what else he prefers to the Drachma.

EurAnalysis

That's because he is Greek and he prefers it to the Drachma. Can you really blame him? .

EurAnalysis

I see a clearly aggressive price rejection at 1.3516 The SP500 and DAX30 have zero momentum so far It's Friday and I see the day ending with a sell-off Still hard to call my entry point but I am waiting for it. ADD: Did I mention nobody likes the ...

EurAnalysis