We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Breaking news

ECB leaves monetary policy unchanged

Guest Commentary: MarketVisionTV - Does This Greek Euro Tragedy Need a Soft or Hard Top

Guest Commentary: MarketVisionTV - Does This Greek Euro Tragedy Need a Soft or Hard Top

2012-02-13 16:15:00
Ed Matts, www.MarketVisionTV.com,
Share:
Guest_Commentary_MarketVisionTV_Does_This_Greek_Euro_Tragedy_Need_a_Soft_or_Hard_Top_body_EUR1302.png, Guest Commentary: MarketVisionTV - Does This Greek Euro Tragedy Need a Soft or Hard Top

The Euro is at a critical s/t juncture as we believe is in the latter stages of the recovery from 1.2625 and therefore begs the question soft or hard top. Now the failure at the new high of 1.3320 the conservative target is enough but given Friday's failure to maintain the reversal shifts the emphasis to losing 1.3155 to confirm the reversal to 1.3025 and 1.2930.

Until then the market clearly remains within pivotal consolidation and therefore still consistent with that October 27th price action that not only broke the equivalent of the 1.3320 high but provided an aggressive 'hard top' blowout to the equivalent of 1.3580 within 24 hours of that break. Since the C=A from 1.3625, I personally have lowered the stop on my short to 1.3330 but we will look to square again in there is no follow through on the downside in favour of that aggressive spike first.

Further videos and commentaries are available from www.marketvisiontv.com or @EdMatts on Twitter

By Ed Matts, MarketVisionTV.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.