EUR

Euro hit 3650 and eur/gbp 8930. Target met. Whatever the main trend and future development. We can still steal some on our own way. Will try some buying on euro and usd/jpy here but not Gbp as I hope it will go below 1.52. No big deal. Just sacrifice some profit if wrong.

Long at 1.3710

@said -- I will post on your natural gas question in the Oil section to try to keep things better organized.

@said: Pretty big topic, but from my perspective we are in the middle of a massive shift in the balance of power, where both the Euro and Dollar in the next few years will likely face major difficulties, or even sooner. The US has just about bankrupted itself with endless wars and charity to the banksters, and the EU was built on a shaky foundation. Both have major structural problems in too many area to mention. The dollar is the least ugly of major currencies--for now! You mentioned 5 years. I personally am holding some physical gold and silver in light of the massive QE around the globe, which will eventually create inflation, but only when the velocity of money increases. Could be deflation first. Five years is a long time in this market, but I like the PMs at the end of that period as an investment and an insurance policy against the printing presses.

As far as nations, I believe Brazil is gaining much momentum as a power while the developed economies stumble and fumble, India as well. Russia has done little to change its long term prospects. China and the US are just about certain to clash in a major way.

We are about to enter more volatile and dangerous times. As traders we should be able to make a alot of money from these energies--taking advantage of the chaos instead of being its victim. But only if we can flow with the trends and set our biases aside quickly!

next time eurusd will come testing the resistance will be hte good one.