Is the EUR currency at the top? And How to Play it?

May hold here 1.5805.

Who or what is a Trichet?

No need to leave IB...I can trade as small as $2.50 a pip, anything less is paper trading.
 
EUR is reacting againt the yanks on 5 minute charting. I will sell the rally if and when it fails.

Trichet is the frenchman heading the central bank of EURO union.

PS: "Tricher" (the verb) pronounced the same at the name of the guy sounds like if you were to call someone a cheater! Would have confidence in a guy whose name is Cheat. :D
 
I could see some potential support and a possible reaction of EUR/JPY in the area of 156. If the bulls lose the battle of the low of yesterday, then the pair will be handed to the bears.
 
taking a break from trading. Here is where EUR/USd stands. I think that we are now at a point where the buyers of 30 minutes charts have to be tested. I would love to see a test back in the area of 1.5840 and even 1.5860. It would allow me to short at a great place if the up move fails. Now I went flat. If the move goes down without me, so be it. I will join it when I am back to trading.
 
Quote from riskfreetrading:

Spin: check what happened on 15 minutes chart on Oanda. As soon as the low of precious 15minutes got taken, it sank 20 pips.

The first challenge is now at 1.5817 where the bulls on 15 minutes may be hiding. The second challenge is at 1.5810 low of earlier this evening. The third is 1.5805 where the 30 minute followers maybe waiting to buy. If a retreat takes place, on 30 minutes, a test of the high would take place. If not, the next station is 1.5740.
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As for the description above, EUR/USD fell to the support of 1.5740.

I just shorted EUR/JPY in area of 1.5750
 
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