Yes yes yes!

[YES]

Hi! First time poster but long time reader. Go easy on me! I'm a new poster but I'm a very seasoned trader. I'm getting sick and tired of this Eurozone contagion. One minute everything is dire, the next minute everybody seems to completely forget about the mess, yet in reality nothing has changed; just a mere focus!

With the SNB intervention and buying up of Euros, we have a strong player who will be underpinning the value of the Euro, therefore chances are we'll be ranging for a while from here.

[capsmart]

Hello YES
And welcome to the forum and to the forex reality.
There is no reason to try to find a reason for the moves.
See you around

[YES]

Hello YES
And welcome to the forum and to the forex reality.
There is no reason to try to find a reason for the moves.
See you around

Thanks, I've been trading for many a year so I know every corner of the ring! =)

[YES]

Yep; I definitely think this Euro looks heavy, especially against a dollar which is gathering a bit of momentum. Dollar seems to be getting stronger across the board; and I think a test of 1.38 area is what traders want; to see how it reacts at that area.

[YES]

After the EUR/USD gapped down about 100 pips it's really struggled to take back ground; currently in the 1.35's. I think there will be a bounce from here and price will rise to 1.3838 where the previous support was, and from there, price will continue in its downwards trend.

The recent drop this morning is from the China Italy deal falling apart.

What do you think of that analysis, do you think it's sound?

[YES]

Infact....You look at the stochastics, on most figures, on the daily chart it is oversold, which historically has seen at least some kind of correction.

[YES]

The EUR/USD looks severely oversold. I think there'll be some kind of correction before another down- leg.

[YES]

Looks like price is heading down towards the 1.3160 level again, with a likely breakthough.

[YES]

Price has now broken through down the 1.3160 level. I am expecting price to retrace back up towards the 1.3160 level to retest this, with a rejection and a subsequent test of 1.30

[YES]

EUR/USD is heading down towards the 1.31 level. It looks very bearish at the moment but the stochastics are telling us it is very oversold. Expect bearish price action but be aware that there could be a fast and sudden retracement, especially off the 1.30 level.