EUR

u canstick ur anal lses in you know where

Ashraf's analysis in USD thread is imo best can do at the moment. It is indeed a major factor
that PBOC sounded more dovish than expected , while imo Moody's did not say anything about a close downgrade of US debt. The currency strengths have changed exactly at FOMC statement
EUR down USD up , cross. AUD CAD unchanged JPY down. I don't think there will be big changes
triggered from US side but from Ezone cannot be excluded. Nothing changed in terms of CDS on bonds, only Gbunds CDS went higher. It is now, for the first time ever, cheaper to insure corporate bonds than German bunds and ( very bad) municipal bonds against default in Germany. I don't consider that long term positive for EUR and that could be the reason for EURCHF all time low.

Look at the strong support line extending from the bottom

Subway, I'm flat awaiting next op.

Shane, I think you play a good strategy. I most often play 3 units and tp at what I consider to be logical levels. Taking some off quickly as a hedge against trade going bad looks after your psychological bank.

@ignore yup u are right i wasnt feeling confidant about the euro direction however contrary to this i was pretty sure that it wont hit 1.3460 yesterday so i went short, the fact is that no one out of us can predict the markets so i stopped doing that now i just see what the market is doing and go along in the flow , my 2nd target is 1.3180 for now . lets see but i am pretty sure that my break even will be taken out and actually it requires a lot of discipline to see ur breakeven to be taken out and the prices fall after that like a water fall. It tries to seduce me though but i am happy with peanuts on regular basis and a whole cake once in a blue moon.