Szabi to answer you, may be I didn’t express myself very clearly: yesterday, and overall the EURUSD is now a short opportunity imho and any rally must be sold. Since 1.289/1.2915 is an area of very important resistance, and since the sentiment was not yet very bearish yesterday, I did not expect it to break immediately from first test. I don’t expect it to break today either since we did not test it yesterday, that is why it is a buy opportunity in my view for some 20-50 pips rebound. However, I am pretty sure we will break this barrier in the short term (a matter of days) and revisit the low 1.2815, and possibly go even lower. As I said, time has run out for Mr Rajoy.
Good luck.

Regarding EURUSD, my recommendation is to short the pair at or above its current levels with targets 1.290 and below.

The “Rajoy sell-off” seems to have started. Big buyers of EURUSD are out of the way now, waiting for the official spanish bailout request. Due to their absence, we fell yesterday below 1.30 again. The market now wants an official request and will continue to short EURUSD and spanish bonds until this happens. This bearishness will continue now and start to be more accute with some possible bounces based on the economic releases and technical support. The market is ready to break below 1.28 if no action is taken by Mr Rajoy. Therefore we should sell EURUSD until the request comes. Today, we will probably go test the very important trend line support that comes around 1.2890/1.29. So double opportunity: short now, and buy there.

I don’t believe that 1.2915/1.2890 will hold, we are set to go lower. Once we break this trend line resistance, 1.24x will be even a possibility…

> Szabi, now why I think of euro growth.
1. On graphics month, the price entered into the triangle punched in May. I think that buyers of euro won’t miss an initiative and month will close in it. Certainly, it will be visible at the end of the month.
2. My opinion that now sellers of euro more than buyers. At least I hear it from daily communication, I always try to trade against the general thinking, against crowd, so to speak.
3. I think that behind the levels specified by me there are stops and them there much. The market goes usually there where money lies.
4. Fundamentally I see that crisis in EZ ceases, fears become less.
5. I look cross-countries of euro and there I observe the turn moments. I think that the capitals come back to euro, as an example from AUD.
Is and still some points, but the big book then will turn out, you read Lev Tolstoy “War and peace”? Very big book 🙂
Successes to you in trade!

> I welcome Szabi!
Medium-term trade for me can borrow as some days, and some weeks, everything depends on dynamics of movement, in different tools of the market of loudspeaker different. There is no exact time when I will fix the transaction, there is only a purpose and daily monitoring of the market. It is so more convenient to me to trade, because I don’t look for an entrance in the market every day, I only supervise open positions. Such strategy of trade has the features:
1. By means of the technical analysis and the fundamental analysis I find the tool where will be trade is made.
2. The volume of funds for this tool (as a rule it is 1 standard prize, happen exceptions sometimes) is allocated
3. When the decision is made, orders are exposed, I never enter at the market price (only the postponed warrants), never I enter in all volume, that is, 1 prize shares on three parts (on the average 3 entrances)
4. The decision on a stop is accepted at once, but stop loss is put on 200 points and, it is far (happens certainly less, everything depends on tool volatility)
5. When a position in the market, every day I will see off her that it means: I move Trailing Stop, I can reduce volume or add volume and so on.
So my strategy of trade looks.