EUR

4 hr hasn't looked back....scalp 4 hr with 1 hr...

shaggy...mi jam bud http://www.youtube.com/watch?v=XWJrPzAUzAs&ob=av2e

wah wah...luvin da life....

As I wrote earlier - now IMT has it ,too - the negotiations hinge on the ECB as ECB is the biggest holder of Greece bonds. As buying or accepting as collateral of Gr bonds by ECB is
"illegal" in terms ECB founding treaties, the ECB cannot accept a haircut. If the ECB cannot,
the private investors are somewhat unwilling to accept haircut.
If the ECB accepts it is a political affair and can be interpreted as such that the whole foundation of Euro is shaky. And a wave of protest from the people is guaranteed.

Euro facing strong resistance @3180/3200 level... could see possible retrace from current level... break of 3095 would see pullback to 3000 support level..... only break of 2930 would signal current wave from 2623 has ended and may see pullback to 2800 area or next leg lower....

If Euro breaks above 3200 and settles above that level.... we may see continuation higher to 3400/3450 level initially.... then 3650/3750 area....

gl/gt

subway90 was right-on with his levels..see if 3200 caps....

good identifiable level at 3200 (maybe 3186) to fashion a good r/r above and below..

oops.. stopped on the breakout.. faders luck:-(