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I agree. I think there may be a big pop out of the 28 level also. Key area for more reasons than just being an even number. Here's what I see in general.... 1.2837 area - If we build value around here and close back above at the end of the day. It may be time to close up shop...

Personally, I think all good traders have a great deal of respect for fundamental analysis. The problem lies in the timing and most importantly the size of the stack of money needed to trade based on fundamental analysis. Do not be so quick to judge everyone here just because they trade...

Well now this is different, the EZ is approaching potential growth. What the hell is that? Trichet is in a self-imposed "quiet time" ahead of the monthly policy meeting on Thursday and says he will give no hints on policy at today"s event. He does say that Eurozone productivity is...

Almost forgot another prediction..... "US BEATS BRAZIL IN WORLD CUP FINAL"

When I try to clear my head, this stands out. Like today, the ISM was ONLY 60. Has everyone forgotten that this is a good level? Europe has to perform. I am not convinced.

[13:06 EUR/USD: Talk of Only 25 bp Hike Thursday Weighs] Boston, June 5. After getting revved up this morning over weekend reports that the ECB may hike 50 bp on Thursday a report from a New York consulting shop suggesting only a 25 bp hike is helping knock EUR/USD lower. Dealers see...

Ivan, You are good with fundamentals. Obviously the USD has a lot of issues that need correcting. What in your opionion is the key fundamental that would cause a shift in emotion in the market? What will be the next big focus? DRT

Fellow Traders - This may be historical. Have you considered this view. Are your blinders on or are you "listening" to the market. Bloomberg is talking current account this morning. I figure this one will get you guys going. DRT:p

Last month saw the highest volume in history for the Euro FX contract. Looks like highest by over 1.4M contracts. What I find interesting and possibly a message is that if you look at the candle for the month of May you will see it closed near the middle of the range. This indicates to me that...

Good summary Mahras2. I keep my own graphs on the COT. I was not aware of the $USD index data. I have added it to my tracking. Thank you.

Another View Down River In an effort to get some life back here, I would like to offer the following view. One that will never be printed at Bloomberg or Reuters, etc. Mainly because I can't even really define an economic term, let alone forecast one. I am more of a "scenario" trader or a...

This one represents the creation of the Euro and its path through time. Will we make history and go from the median channel line all the way to 2X deviation at the top with no pullback at all? Or will we go back and test the median line to be sure that Fed and the ECB is going to do what...

Anther Dollar one that indcates change. The Dollar Templar. I got a million of em I tell, a million.

I am starting to get goosebumps. I typed the message above before I saw your post. We both used the same word. "Rubbish". I have not used that word since college. We had a guy on our soccer (futbol) team who used it all the time.

Found this one too. Is it a bunch of rubbish? Who is this Dan Brown guy anyway? Is he a trader? Signed Mary M.

I find it interesting that I never look at these indicators/studies to base position entries on.......The only time I really dive into them is after I am in a position and feel uneasy and attempt to justify through what the herd looks at. After all how can you be short the EURUSD right now...

If everyone just drove between these lines we would all be rich...make that wealthy. Sounds better. More appropriate for us currency traders. Somebody figure out if this is one of those Gartley Butterfly things.

Dialing for Dollars. Inflection Point ?

Interesting Fibo Thingamabob

Real Deal or False Break?