EUR

I dare to remind you of my forecast based on Dr.Ben's mathematics ( he is very fond of Banyan probability functions ) the US will not raise the debt ceiling and we are witnessing a nice theater play going on in Washington?
Some simpletons think US default will destroy the USD. That are simpletons.

our champion starts a new long in E/$ only for it to proceed to drop again...The market timing award is his for sure this year!!

http://www.spiegel.de/international/europe/0,1518,773595,00.html

Euro decline from last week highs at 1.4575 has extended on Monday amid rising concerns about Eurozone debt, which has pushed the pair below the bottom of the triangle formation, at 1.4155, to reach fresh 6-week lows at 1.4025 ahead of the US session opening.

On the downside, immediate support lies at 1.4015 (May 25 low), and below here, 1.3969 (May 25 low) and 1.3860(65 (Mar 15/16 lows). On the upside, resistance levels lie at 1.4160 (broken trendline support), and above here, 1.4200/20 (Jul 7/8 lows), and 1.4270 (intra-day level).

A daily close below 1.4000 could unlock an impulsive wave through 1.3903/04 towards 1.3670, says Ron William, technical analyst at MIG Bank: "Our risk-free short position favours a sustained daily close beneath 1.4148 (38.2% Fib-Jan 2011 uptrend) and 1.4000 (psychological) to unlock an accelerated impulsive (wave 3) through 1.3903/04 (50% Fib/200-day MA), thereafter squeezing long-term upside trend-followers back into 1.3670 (61.8% Fib-Jan 2011 uptrend).".

ya subz i was looking @4hr..i get 13970s=127.2 but when it hit 14030 my cci was starting to cross over for a buy signal..but its melting down so will try to limit any more downside and wait for 127.2..do you play gold?thanks gl/gt:)