AUTOREFRESH 
EUR/USD very marginally easier during Asian trade
By Gerry Davies || June 22, 2010 at 05:14 GMT
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Weak Asian stocks have weighed on EUR/USD, but only marginally so. EUR/USD down at 1.2305 from North American close Monday up around 1.2320.
Not a whole lot of euro zone economic data today:
08:00 GMT: German Ifo for June: business climate expected 101.2 from 101.5; current assessment expected 99.8 from 99.4; expectations 102.7 from 103.7
08:00 GMT: Euro zone c/a for April
14:00 GMT: Euro zone consumer confidence index for June expected -19 from -18
European stocks expected to open lower this morning.
Talk of stops through 1.2260 and 1.2240. Decent bids 1.2150/60. On topside sell orders 1.2360/70, stops just above.
Gerry, please train your laser-like attention upon the current state of USD/JPY affairs. Why? Well, as of 5:45 pm, Beijing time, potential “evil things” (that is, if you are long, at present) are beginning to happen to this pair, including (on any 15-minute chart) the falling out of a 30-hour, perfectly balanced, triangle (and not getting back in the same very quickly). Could it be that the USD/JPY is headed for June 20th’s low of 90.195? Egads! If it drops from its current position (i. e., USD/JPY 90.603), that’s a potential 40.8% (short) profit, right?
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