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Techies don't like you EURUSD
- EU TALKS WITH BANKS ON GREEK BOND LOSSES SAID TO BE DEADLOCKED
- EU TALKS 'PAUSED' ON A DISPUTE ON INSURING RISKS OF NEW BONDS
As talks in the EU summit continue and we're seeing statements like the ones above coming from news sources, I thought it might be interesting to align this fundamental information with a simplified technical view. Ultimately on longer term horizons it is key market fundamentals that drive the movement of a underlying asset, however when you have the fundamental view apparently lining up with the technical view it makes for interesting reading.
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I think that this would be a great thing if it succeed to happen. Asigurari auto
This techie doesn't like the Euro, but is having a hard time following your technical case. Here's another view, focusing on the fan lines and channels:
http://pebblewriter.blogspot.com/2011/10/charts-im-watching-october-26-2...
And if you scroll that chart out, you see that this author is completely wrong. You guys need to get off the anti Euro Hooch. It has been strengthening for the last two years of this Greece crisis because it is creating a demand for Euro liquidity. You want the brass ring of a Euro endgame that is not going to happen. The USD is what is being printed. Why does anyone think a liquidity crisis in Europe is going to have a different effect than the liquidity crisis in the USA?
interesting. Matt Huston Ex2
Folks wanting readily inflatable yen when they could be buying gold/silver? I feel like Im taking crazy pills.
If the Fed wasn't "twisting" in another 400 billion then this analysis would be true.
agree. junk car for cash