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Hi Ivan - Yup picking an interim bottom is always a dangerous exercise. With NFP looming things could get interesting based on the ranges of the last few days. I'm long for the short term with stop at entry. I'll be surprised if there is strong USD buying before NFP. Good luck.

Welcome back Gringinho. This ride down has been a wild one - an interesting quote from Mizuho bank - "...wait until you see ‘the whites of their eyes’." I think we are getting close this point - I never got the opportunity to reshort although I closed down my long standing shorts and...

Yup Ivan - I see what you mean - this probably will have long term implications. I might just have to be more patient to find a new shorting opportunity. Lets see what transpires...

I'm South African. "Lekker" means great/awsome!

Hi Ivan - I'm not so sure the French vote will have large impact - either way I think it will be EUR positive - as you said elsewhere well priced in anyway. Next week should be a hunt for those short the EUR before NFP breaks Fri. If EUR does break 1.26 we should see 1.27-2730 where I...

Yeah this market has me a bit bafoozled - I'm still expecting my correction although if one looks back in history the EUR at times has strengthened quite dramatically without even a sniff of a decent correction. There is alot of factors at play at the moments - the French no vote - closeness...

This looks more like it... lets see where it runs to till exhaustion sets in - I'm guessing a fair distance- maybe 1.2690 today.

Yeah - looks like main course will only come after Fed dishes up the minutes :) Maybe the Fed will dish up a surpisingly hawkish tasting dish although I doubt it - thats expecting to much from the ever predictable Fed. Good luck.

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Yeah nothing like a fix of Jack every morning :) Signed up upon your recommendation and really enjoy his comments. EUR trying to bounce and I think this time it will succeed. Needs to break 1.26 then off to 1.27.

Yup agree - I'm still looking for some consolidation higher - Fri's action was a tad confusing. Maybe 1.2750-2800 or so this week. I know sounds a bit amitious given current scenario. I'm still looking to add to my shorts for 1.20 longer term - lets see what the week brings.

Yup its like swimming in shark infested waters currently...I still feel we will get a stab higher before lower - although the sharkies are making it difficult to get the timing right.

I'm expecting a test of 1.2730/50 although EURO seems to be struggling to muster support for this - so we might dive lower without much of a test. 2660 was cracked yesterday so should act as a bit of support now.

Yeah let see what happens - I'm sitting USDCHF short from 1.2259 for the short term bounce. Although I'm short EURUSD for the longer term... and looking to add.

This week should probably be one of some consolidation after last weeks heady drop - I'll be looking to sell rallies between 1.27 - 1.2750 for 1.25 (initially) TICs data this afternoon could be a market mover short term although I think the market has already shown its hand. Good Luck.

Wow - not to many bounces to sell. This is one way traffic.... I have to wait for a meaningful bounce before adding to my shorts this is like trying to hop on a runaway train

Yup I'm expecting a bounce to maybe up to 1.2780 (maybe even a short poke over 28) I'll be adding shorts all the way up at resistance levels for down to 1.25. Although I shouldn't be getting to cocky... I'll keep a beady eye on proceedings as you are.

Nice going - we are in for an interesting few days ahead.... Analysts seem to be raising the importance of the retail sales today although I'm doubting it's significance - although a positive number would give the EURO a kick while it's down. For me the trend line since 2002 has been...

Hold onto your shorts we're in for a rough ride!!

Well the congestion pattern does mean it can squirt in either direction - although the yen has appreciated because of the possiblity of the renminbi (did I spell that right?) revaluation which as far as I know has sofar just been speculation. This could cause a little squeeze up if nothing...