EUR

DaveO
Godfather Putin did not express interest to merge with Euro just to merge common currency.
Some of the godfather's closest oligarchs are indebted via Austria in EUR and ya know the godfather's friends need never pay.
Staying short in EURUSD sl 13330 in EURJPY sl 11173.
Nothing has changed for EUR

long eur 13220 sl 13170

eurusd, significant downside targets for me at 1.2950 (100% sym from 1.4281 high clustered with 78.6% ret of the move up from 1.2587 low). Beyond that the 127.2% ext at 1.2717. First we would need to take out the 1.3200 Friday low. We have the 200 DMA in the path at 1.3120 for initial potential support.

For upside targets I would want to see 1.3450 taken first. Right now the charts favour more downside until mr market decrees otherwise.

catnip, do not worry, the Fed has another brand new $550 bn to sell you.

and to add something more: This global financial crisis has morphed into a fu....ing 3rd world war. Every war has a price and China knows exactly the price. They'de rather damp their 2+ trn green bucks and put USA on their knees rather than spent similar amount to engage in a conventional war with no clear outcome. I bet that at some point the "sore loser" of this conflict will provoke an armed conflict in a desperate attempt to save the status quo but that it will be just this - a desperate attempt.
Of course this is not the end of the world. The end of the hegemoy of a super power is not the end of the world. The end of the hegemony of the Roman empire was not the end of the world, right?