EUR

I still have the 2880 in view, AL...with some good blah..

no entry..not to be...dis dread going fishin...offshore....

gl gt.

AL..excellent presentation/information....(would lighten color of suit tho, it's summer, nice tie)

with tunnel at 2508 1 hr break of 2530 seeking 2700, 2880 with stops being 2470 fibo below mid t.

jus to get an early shot current 2498....entry coming

...can't bring myself to long this pair. would like to see a relatively quick (ie inside a month) pop to 1.3000 though to add to shorts...monthly perspective, looking for 1.12-13 before we could see a protracted run back to 1.20-1.25ish area...technically/chartastrologically speaking...

fundamentally, imho 'don't think there will be a 'fiscal/political union' in Europe. The hurdle to overcome to reach this is enormous...one basic eg...How would the Yanks' like it if the Brits' decided the US Federal Budget, the Mooseheads decided how the Sauerkraut's spent their money, Japan decided how China spent etc etc...very simplistic examples but the underlying point is the same, you need the nations to 'buy in' to essentially relinquishing their sovereignty's. 'Seems Chancellor Merkel is stuck between a 'rock and a hard place', on the one hand she wants what some of her predecessors (Hitler, Kohl) wanted, a unifed Europe (though on 'slightly' different terms and motives), however she knows full well that Germany would most likely be left holding the bag when the fiscally inept member 'states' come asking '...more sir/Plus sir/Mas sir/Mais sir/Piu sir?...'. The friction generated from this dynamic alone would cause extreme headaches and expense not just for the EZ but for the rest of the world also. Yes, the plan for a European Federation is relatively easy to draw up on paper along with a few phonecalls and emails between 4 old guys but, can they get (centuries old) cultural differences put aside and gain a majority acceptance' of their "plan" from the everday working people, young & old, that pay taxes and make up the countries that are in an imaginary area called the Euro Zone?? Dubious at best....so, 'long story short', expecting eur/usd to continue its downside plunge for the near future...

http://www.spiegel.de/international/europe/europe-looks-at-plans-for-poltical-union-and-budgetary-oversight-a-838142.html