EUR

for yen....

the trend is still very much intact... still bearish... only close above 84 level could see further rally up to 86.50/87 level.... and possibly higher to 89 level....if not... i see a test of 76/77 level... b4 any major rally could take place...

gl/gt

CG, equally I would expect Merkel to hold firm on her demands as Ireland have incredibly "unfair" corporate tax advantage which is bound to be seen as a luxury they can ill afford. Beggars cannot be choosers !

I rather hope the the whole rescue deal will be reversed and to hell with the banks. Iceland GDP is already growing after their people refused to shoulder a 3 decade burden. Why should the ordinary irish working man and women pay for the sins of the banks !

There is no way that the new Irish Premier will give way on corporate tax,
not without a huge fight, as this was a central pledge in his election, to
never accede to Mercals demands

Chloe, you got your answer from subs. I think he must work DiNapoli levels from multiple timeframes ?

The level he posted yesterday at c.3760 was also important 100% sym and look how the mkt has reacted from within 10 pips of the level. An ABC 100% level can be end of correction so watch sub's levels to confirm or invalidate. Jury is out for trend change until we see some upper fib levels tested.

Japan earthquake a good example of how fundamentals can change on a dime. Will sure have effects upon jpy and Nikkei in days and weeks ahead.

@daveo..is it poss to get ur thoughts on eur$$..not sure if eur wants to move higher or if gettn ready to move lower??ur tech experience is greatly appreciated..thanks gl:)