Forex Signals – EURUSD Greek Debt Fiasco

Recap: A falling trend resistance developed on the 4h yesterday that was solid enough for us to put it on our S/R charts. That resistance broke at 3115 (PRO email was sent out at 01:08a UTC). We are currently long from that break.

Greece continues to inch closer to bankruptcy and/or leaving the Eurozone. Whether or not it will actually come to that is yet to be seen, but the lack of a deal has been enough to spook investors into a potential bearish reversal for the EU.

Trading Idea: Our targets for the resistance break long (first blue line) with targets at 1.32 for 85 pips. Our stop-loss is trailing beneath the rising trend support (second blue line) – if that support is broken we will close our long and get short with targets at 20/20/25/25 90 pips.

 


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  1. Avatar of PipHut Team
    PipHut Team
    February 15, 2012 at 07:10 Reply

    gm @all

  2. smile
    February 15, 2012 at 07:14 Reply

    GM Mark and all thanks for the signal

  3. Avatar of maher17
    maher17
    February 15, 2012 at 07:15 Reply

    G M fellows

  4. Avatar of Patrick
    Patrick
    February 15, 2012 at 07:29 Reply

    gm mark

  5. Avatar of sahara
    sahara
    February 15, 2012 at 07:35 Reply

    gm@all

  6. Avatar of sahara
    sahara
    February 15, 2012 at 07:45 Reply

    was not so bad yesterday hope will be the same for@ all today !http://imageshack.us/photo/my-images/337/notbadq.png/

    • Robert
      February 15, 2012 at 07:51 Reply

      saharaview: which direction do u favor today?

      I am bullish today with my long, i am targeting 1.3215, then 1.3240.

      • Avatar of sahara
        sahara
        February 15, 2012 at 08:09 Reply

        out for the momemt !!

        • Avatar of sahara
          sahara
          February 15, 2012 at 08:16 Reply

          but if we can reach your area it will be a nice price to short if possible to “broke” 30!!(or just kissed it!!

  7. Moss
    February 15, 2012 at 07:50 Reply

    Thanks Mark. I’ve really missed the early morning mails ! Cheers and GL one and all!

  8. Avatar of Kobe
    Kobe
    February 15, 2012 at 08:45 Reply

    goodmorning everyone,
    i added a lot to my short so one open short from 3202 and another from 3167 after support break. Lets see if we can go all the way to 3080 again or even lower! i like the idea of bearish reversal..
    first we have to break 3150 then below 3080 and then is 1.30 the big level to breach..

  9. Avatar of Kobe
    Kobe
    February 15, 2012 at 08:48 Reply

    in usdchf is a nice 4h hammer and we’re about to break that resistance @.9180 so up there and down eu!

  10. ikoeu
    February 15, 2012 at 08:49 Reply

    Hi Mark, I hv been following yr emails for 1 mth alr. Thks for them. Forex is a lonely biz and nice having u all along the way. ;)

    • Avatar of Kobe
      Kobe
      February 15, 2012 at 08:52 Reply

      thanks @ikoeu and welcome to the piphut community!

  11. Avatar of sahara
    sahara
    February 15, 2012 at 09:03 Reply

    aud show !!!

  12. Avatar of maher17
    maher17
    February 15, 2012 at 09:35 Reply

    UK unemployment has risen by 48,000 to 2.67 million in the three months to December, official figures have shown.

    The Office for National Statistics (ONS) also said the number of people claiming Jobseeker’s Allowance last month increased by 6,900 to 1.6 million.

    It also released data for average earnings.

    Average earnings increased by 2.0% in the year to December, unchanged from the previous month.

  13. Avatar of sahara
    sahara
    February 15, 2012 at 10:04 Reply

    3175 again!!

  14. Avatar of sahara
    sahara
    February 15, 2012 at 10:17 Reply

    will try a short if 3190 area not broken

  15. Avatar of sahara
    sahara
    February 15, 2012 at 10:33 Reply

    i add a second short gu

  16. Avatar of Kobe
    Kobe
    February 15, 2012 at 10:53 Reply

    ok lets crush that 1.315

  17. Avatar of Kobe
    Kobe
    February 15, 2012 at 10:54 Reply

    @robert i hope you took profit on your long so it can go south now..

    • Robert
      February 15, 2012 at 11:27 Reply

      kobe, i closed my position. now preparing my next setup.

  18. Robert
    February 15, 2012 at 11:35 Reply

    I can tell most of u guys are bearish, but the words from china about supporting eur not enough to make u guys change to bullish???

    The strong rally of stock markets may introduce risk taking in the coming sessions…. any comments?

    • Avatar of sahara
      sahara
      February 15, 2012 at 12:19 Reply

      @Robert i am looking in my “candels” and it s a lot!!

  19. Avatar of sahara
    sahara
    February 15, 2012 at 12:16 Reply

    hi again !!

  20. Avatar of sahara
    sahara
    February 15, 2012 at 12:22 Reply

    sme one gu ??

  21. Robert
    February 15, 2012 at 12:22 Reply

    can anyone confirm with me whether the price has just broke the support line, according to Mark’s chart ?

    • Avatar of sahara
      sahara
      February 15, 2012 at 12:25 Reply

      eu ?? @robert

      • Robert
        February 15, 2012 at 12:30 Reply

        saharaview: yes, eur/usd.

        According to Mark’s chart, the support (1.3150) by the support line (the right blue line) has just broke, right? But I will short only if the price go below 1.3140 (today’s pivot), any comments?

        Or, I should long from here, targeting 1.3200?

        • Avatar of sahara
          sahara
          February 15, 2012 at 12:40 Reply

          stay with bears team (my short open 3185 area

  22. Avatar of Jos
    Jos
    February 15, 2012 at 12:27 Reply

    Already did Robert, couple of hours ago

  23. Avatar of sahara
    sahara
    February 15, 2012 at 12:36 Reply

    area to short again gu

  24. Avatar of sahara
    sahara
    February 15, 2012 at 12:49 Reply

    @bruno ca va (ok ??

  25. Avatar of brunot45
    brunot45
    February 15, 2012 at 12:55 Reply

    it s ok for me i am with you

    • Avatar of sahara
      sahara
      February 15, 2012 at 12:56 Reply

      y receive my mail

  26. Avatar of maher17
    maher17
    February 15, 2012 at 12:58 Reply

    @ sahara GU_US Buy at 1.5693
    Take profit* at 1.5758

    • Avatar of sahara
      sahara
      February 15, 2012 at 12:59 Reply

      am bears friend!! and god save palestine and “beiit lahm’”

      • Avatar of maher17
        maher17
        February 15, 2012 at 13:03 Reply

        GOD save you it will kiss 105758 my friend before 15:28GM

        • Avatar of maher17
          maher17
          February 15, 2012 at 13:07 Reply

          i mean1.5758

          • Avatar of sahara
            sahara
            February 15, 2012 at 13:10

            56 friend!!

  27. Avatar of sahara
    sahara
    February 15, 2012 at 13:05 Reply

    salamtt i will “ousalli” for you but i am with camel sll 2 tp 5610

  28. smile
    February 15, 2012 at 13:12 Reply

    @saharaview where is you tp?

  29. Avatar of sahara
    sahara
    February 15, 2012 at 13:13 Reply

    in@smile ??

    • Avatar of sahara
      sahara
      February 15, 2012 at 13:14 Reply

      if for eu we have a line near 3080 but better to kiss 30

    • smile
      February 15, 2012 at 13:14 Reply

      EU?

      • Avatar of sahara
        sahara
        February 15, 2012 at 13:16 Reply

        leeeeeeeeeeeeeeeeeeeeeeetttttt it !! hahahah!! to kiss 30!!

  30. Avatar of sahara
    sahara
    February 15, 2012 at 13:16 Reply

    sl 3140 now!!

  31. Avatar of sahara
    sahara
    February 15, 2012 at 13:19 Reply

    it s in 6h it s a BIG school this piphut!!! http://imageshack.us/photo/my-images/6/27000197.png/

  32. Avatar of sahara
    sahara
    February 15, 2012 at 13:22 Reply

    @luxuma @johnny where are you grrrrrrrrrrrrrrrrrrr alone!!

  33. Avatar of Kobe
    Kobe
    February 15, 2012 at 13:22 Reply

    nice1 sahara, this was a nice drop indeed. but i want to see it under 1.30 but i have to sit on my hands and not taking profit right now.

  34. Avatar of sahara
    sahara
    February 15, 2012 at 13:24 Reply

    no problem @kobe with a leff three stars !!

  35. Avatar of sahara
    sahara
    February 15, 2012 at 13:24 Reply

    there is 100 pips in gu till 56

  36. Avatar of Kobe
    Kobe
    February 15, 2012 at 13:34 Reply

    i keep on repeating the mantra ‘let your profits run, cut your losses’

  37. Avatar of sahara
    sahara
    February 15, 2012 at 13:43 Reply

    below 3026 coming

  38. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 13:54 Reply

    @saharaview do U think gu will fall to 56 today?

    • Avatar of sahara
      sahara
      February 15, 2012 at 13:58 Reply

      my target

      • Avatar of kakuszi
        kakuszi
        February 15, 2012 at 14:02 Reply

        :) ok, I’ll bear with you on this one, haha!

  39. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 13:54 Reply

    I can’t decide whether to keep my short on it open or not…

  40. Venus
    February 15, 2012 at 13:55 Reply

    @saharaview what is the support for EU

  41. Avatar of maher17
    maher17
    February 15, 2012 at 13:56 Reply

    GBP/USD shaked by the latest Greek-deal rumour

  42. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 14:10 Reply

    @saharaview may I ask what’s your sl on gu?

    • Avatar of sahara
      sahara
      February 15, 2012 at 14:17 Reply

      a “small” R near 5735 but it depends !! me i am behind 5770

  43. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 14:19 Reply

    thanks!

  44. Avatar of sahara
    sahara
    February 15, 2012 at 14:31 Reply

    log in @ika

  45. Avatar of sahara
    sahara
    February 15, 2012 at 14:39 Reply

    a few Open Trades now in sahara wave:

    Ticket

    Open Time

    Type

    Size

    Item

    Price

    S / L

    T / P

    Price

    Commission

    Taxes

    Swap

    Profit

    2012.02.15 10:27

    sell

    eurusd

    1.31743

    1.33815

    1.29828

    1.30952

    0.00

    0.00

    0.00

    2012.02.15 10:31

    sell

    gbpusd

    1.56938

    1.57803

    1.56096

    1.57034

    0.00

    0.00

    0.00

    -

    2012.02.15 10:32

    sell

    gbpusd

    1.57024

    1.58507

    1.56036

    1.57034

    0.00

    0.00

    0.00

    2012.02.15 10:39

    sell

    gbpusd

    1.56977

    1.57990

    1.56098

    1.57034

    0.00

    0.00

    0.00

    2012.02.15 14:11

    sell

    eurusd

    1.31033

    0.00000

    1.30039

    1.30952

    0.00

    0.00

    0.00

    2012.02.15 14:23

    sell

    eurusd

    1.31039

    0.00000

    1.30316

    1.30952

    0.00

    0.00

    0.00

  46. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 14:58 Reply

    Eu is struggling. I wonder where it will be going from now on…

  47. Avatar of sahara
    sahara
    February 15, 2012 at 15:02 Reply

    below 30 friend!!

  48. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 15:14 Reply

    Well if it breaks 3070s, I think I might be in for another short, with tight sls. Even if it has potential to break below 30, I’m not in a mood for risks atm :)

    • Avatar of sahara
      sahara
      February 15, 2012 at 15:15 Reply

      below (a candle ) will be nice for us (bears team!!

  49. Avatar of sahara
    sahara
    February 15, 2012 at 15:21 Reply

    bears show!!

  50. Avatar of sahara
    sahara
    February 15, 2012 at 15:24 Reply

    CLOSED first !!! Commentaire laissé sur:
    Février 15 2012 à 10h17
    saharaview dit:
    va essayer un court si 3190 zone ne se décompose pas

    • Avatar of Kobe
      Kobe
      February 15, 2012 at 15:31 Reply

      good trading @saharaview! I still have my shorts open, we just made a new low here 1.3062 but we have had the big move today, so maybe sideways trading for the next hours, but if we can close the day under 1.31 we could see 1.3 broken this week.

      Comment left on:
      February 13, 2012 at 16:30
      kobe says:
      boring day..
      i keep on looking for that key @sahara. i think i will find it soon, but beware of the stairs behind that door, we could fall under 1.30 as soon that we realize that Greece is just one of the countries facing problems in europe..

  51. @luxmafx
    February 15, 2012 at 15:25 Reply

    Hello all, got a connection here at the airport can give a quick view, first I am so happy for all our bearish friends here they could get good profits and all others too, hope this will continue and we will see a break down of support of that channel down 3050, in fact in all TF we see this channel down between 3170 and 3050, in my view and for sure not in view of GREECE again, as long as 3050 hold then we will see another test to 3130 and 3170 and this may give another round till Friday, wish you all GL and hope to be able be here again, GL and TC

    • Avatar of sahara
      sahara
      February 15, 2012 at 15:27 Reply

      hi @lux was alone grrrrrrrrrrrrrrr

  52. Avatar of sahara
    sahara
    February 15, 2012 at 15:30 Reply

    we neeeeeeeeeeeeeeed !!http://imageshack.us/photo/my-images/689/candleo.png/

  53. Avatar of Kobe
    Kobe
    February 15, 2012 at 15:33 Reply

    hi @andi

  54. @luxmafx
    February 15, 2012 at 15:35 Reply

    @Saharaview, hello why alone??? I think you will get that closing this hour, do you have short order open??

  55. Avatar of sahara
    sahara
    February 15, 2012 at 15:37 Reply

    yes from this morning (first closeed yet waiting 3026 first!!

  56. @luxmafx
    February 15, 2012 at 15:37 Reply

    @Kobe, good to see you, and happy you got good profit from your short, but I saw you will let it open???

  57. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 15:40 Reply

    Hmm I’m feeling somewhat skeptical about gu reaching 56 today. Market seems to have cooled off a bit, after all what’s been going on with eu and gu and usd/chf too…but I’m gonna leave a little short open, let’s see…

  58. @luxmafx
    February 15, 2012 at 15:41 Reply

    @Saharaview, you are working on profit only when I am not here??? :-) but nice catch, I am happy really I closed that Long on Monday and trusted my friends here and also my fear I am not behind my desk and to much risks , but wish you all the best, P.s, take care of 3112 if we will reach there this hour but it seems more down, like closing 3040-50

  59. Avatar of sahara
    sahara
    February 15, 2012 at 15:45 Reply

    not at all friend !! you know forex some day you are in another not in !!

    • @luxmafx
      February 15, 2012 at 15:57 Reply

      I know my friend, and believe me I am more than happy when I see you have all the best trades, only wished I was able to be with you, but next time sure

  60. Avatar of sahara
    sahara
    February 15, 2012 at 15:50 Reply

    who said another low ??

  61. @luxmafx
    February 15, 2012 at 15:55 Reply

    3053 at least will be a good closing

  62. Avatar of sahara
    sahara
    February 15, 2012 at 15:56 Reply

    will be nice !! (

  63. Avatar of Kobe
    Kobe
    February 15, 2012 at 15:58 Reply

    @luxma yes i want to leave it open till under 1.30 and i have a target now @2650! But i may take profit here and go back in later in better price, always hesitating, but for now i don’t see any bull power, so it will be drawn to the big 1.3 i think.

  64. @luxmafx
    February 15, 2012 at 16:01 Reply

    @Kobe, wise decision my friend, actually I would suggest before to close it but I know that you were correct on that short taken before, but we have also to see that a channel down is a bullish pattern and a reversal type, the last target 3053 if any closing under than correct 3000 but if not then I seea good reason for bulls coming back after 3112, however wish you GL

  65. Avatar of Clem
    Clem
    February 15, 2012 at 16:05 Reply

    Wishing a successful trip@Luxma. Your absence is being felt here:)

    • @luxmafx
      February 15, 2012 at 16:07 Reply

      @Clem, nice to see you my friend and thank you for your nice words, I will be with you still 30 mn and then up to the air, take care and wish you all the best

  66. Avatar of sahara
    sahara
    February 15, 2012 at 16:08 Reply

    @luxa did you see my plane in aeroport !! (am not in:!!)http://imageshack.us/photo/my-images/824/planeb.png/

  67. Avatar of sahara
    sahara
    February 15, 2012 at 16:11 Reply

    last ss in hourly gives more than 25 pips!

  68. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 16:11 Reply

    come on market, give some bears a go in gu! :D

  69. @luxmafx
    February 15, 2012 at 16:12 Reply

    ah, yes my friend, it is in TAXI position and waiting you for take off from 0769 to 0828 but there is 2 damage parts to repair 0710, 0612 , I think it will try to fix it then up up again in 2 days??? nice image from your plane :-)

  70. Avatar of sahara
    sahara
    February 15, 2012 at 16:20 Reply

    will try 20 pips now gu (short!!=)

  71. @luxmafx
    February 15, 2012 at 16:20 Reply

    ok guys I have to go now, hope to be able to see you all tomorrow, at the moment 3074 very important point, next 3085, 3106, and 3117 if we will have any closing over 3112 for next hour then I am not going to risk for short trades, but going long need a closing over 3130 , short side a closing as said before and sahara confirmed too 3053, wish you all the best and Good luck, was nice again with you all

    • Avatar of sahara
      sahara
      February 15, 2012 at 16:24 Reply

      see you and have a nice and safe travel!!

  72. Avatar of sahara
  73. Avatar of Frank Moulton
    Frank Moulton
    February 15, 2012 at 17:00 Reply

    New bullish triple on the 15m (only 15m old at the time of this post…)

    Since 3050 held, good spot for a long…?

  74. Avatar of Frank Moulton
    Frank Moulton
    February 15, 2012 at 17:23 Reply

    BTW hello! I’m a new piphut subscriber; joined up a week ago and giving it a whirl… we’ll see how it goes but I’ve lurked on this site for over a year now under a different name…

  75. Avatar of sahara
    sahara
    February 15, 2012 at 17:48 Reply

    have a good night @all !!

  76. Avatar of brunot45
    brunot45
    February 15, 2012 at 17:52 Reply

    Have a good night Sahara

  77. Avatar of kakuszi
    kakuszi
    February 15, 2012 at 19:20 Reply

    Wow, can’t believe it starts to move now :) And in the good direction!

  78. @luxmafx
    February 16, 2012 at 06:27 Reply

    Good Morning all, very fast view before I go for my meeting here, after a closing under 3053 now they are behind a closing under 1.3000 which cause us a next drop to 2953 and next level and strong support 2863,

    Daily reversal Low point: 3024, break out Low: 2983
    Daily Reversal High: 3104 and break out High: 3145

    Today Trend lines daily: 1.2944 and 1.3144 a closing hourly or better to say 4 hours over 3035 will bring some power to the pair but if it will be enough to break the falling support @3144 ???

    1.2805 1.2952 1.3008

    1.3099 (Daily Pivot)

    1.3155 1.3246 1.3392

  79. Harry
    February 16, 2012 at 07:48 Reply

    Hi all
    Well euro extremely bearish – will hope for a retracement to 3050 for re-entry short

  80. Avatar of sahara
    sahara
    February 16, 2012 at 07:50 Reply

    gm@all have a nice day

  81. Avatar of sahara
    sahara
    February 16, 2012 at 07:54 Reply

    thanks “bears team” for yesterday !! was not bad again !

  82. Avatar of brunot45
    brunot45
    February 16, 2012 at 07:57 Reply

    GM all, yes very good day with bears team…

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