EUR/USD back below 1.2180

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It looks like our morning run to 1.2216 is over with EUR/USD now back below 1.2180. There does not appear to be anything┬ábehind the move…..just position squaring before the big BINGO, I mean NFP number.



Peter Anderson


  1. rumor of french bank (socgen) in trouble…

  2. the HUF is depreciating after bad comments from vice prime minister….
    that is risk negative

  3. i see a triangle forming, its going to coil / range until the nfp lotto :)

  4. These rumours happen every day, but it is never clear what “in trouble” means… the EU is guaranteed to bailout every bank “in trouble” until it runs out of cash. And unfortunately Germany + France aren’t going to run out of cash any time soon.

    The EUR end-game is still months if not years away?

  5. Equities have suddenly turned south…just squaring before nfp or is there something else going on? Socgen rumour having an impact?

  6. I see kangaroos all over the road bouncing like dead cats…

  7. Looks like EURUSD is preparing to nosedive…..

  8. Socgen officials: “no comments… “

  9. EURCHF: Oooo muma! Monster move ..

  10. another hectic day for EUR/CHF

  11. 1.3880 low on EBS thus far (EUR/CHF)

  12. No SNB defense of 1.40 …. missed it :(

  13. Hey Blackie. Tank down in eurusd to break 1.20?

  14. Hey fms – Last summer, China defended their DNT options with absolute gusto. Something tells me they will do this once again … they were merciless!

  15. EURUSD: Projected move = .12097

  16. IIRC there was some talk of replacement in panda reserves of eur with cad and other ccs, would this have been a short lived dnt in anticipation of swissy not ceasing to move, am i making any sense at all…

  17. And there goes that little idea ;)

  18. as we speak, sir , as we speak

  19. EURUSD: .2042 is the next projected move if it continues to fall

  20. Hey Blackday, how do you arrive at the 1.2042 projected move for EURUSD? Thanks for the enlightenment!

  21. A measure taken from the previous high and low and projected from the last swing high on a break of the low.

  22. Looks like we will need the next 5 estimates, friend.

  23. ;) I’ll dig up the post if I can as it’s on here somewhere …

  24. Blackday, I guess you mean on the hourly charts?

  25. Daily chart points to 1.1719 or thereabouts.

  26. Yes, the hourly chart.


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