Will EURUSD gap down when it opens tonight?

[ChocolateDigestive]

with Greek coalition talks in deadlock, Merkel getting a ropey regional poll result and the Belgian central banker coming out and saying Greece may leave Euro what do people think?

It gapped down after last weekend.

My money is on it gapping down with an opening price of below the 1.29 handle. Last week we saw it retrace but it didnt manage to close the gap and went south again.

This could be a vey interesting week for the euro pairs.

I smell opportunity.

ChocD

 

[BeginnerJoe]

Well, it is gapping up according to my oanda feed. So your scientific analysis needs an artistic infusion .

 

[Ross Spur]

I reckon it's on its way to 1.2, but I'm far too chicken to leave a trade open over the weekend, because I've been thinking the same for months.

 

[BeginnerJoe]

It stands at 1.29218. If I were to gamble, I'd bet for it to go higher.

 

[ChocolateDigestive]

Time will tell

 

[counter_violent]

It stands at 1.29218. If I were to gamble, I'd bet for it to go higher.

Where is GBP USD at ?

 

[BeginnerJoe]

where is gbp usd at ?

1.60685

 

[BeginnerJoe]

The first big red bar at the bottom is the opening. I reckon EUR/USD reached the bottom here:

 

[ChocolateDigestive]

Small gap down on my feed init

 

[Arbu]

I think it will gap down for most of the reasons the OP states. But I think that if Greece leaves the euro it ought to go up - the stronger countries will remain.

 

[BeginnerJoe]

Small gap down on my feed init

It's gone back to where it opened down. So how do we profit from this ?

 

[ChocolateDigestive]

It's gone back to where it opened down. So how do we profit from this ?

We wait patiently until the market tips it's hand then we strike

 

[SybilCut]

I am disappoint

 

[Arbu]

Small gap down. Was looking for more. I'm getting less comfortable shorting this.

 

[BeginnerJoe]

Well, am short.

 

[ChocolateDigestive]

Well, am short.

And you hold it BJ at +50 get your stop to +20 and hold it down to 1.21. Pyramid on the way down if you got the balls.:clap:

 

[BeginnerJoe]

And you hold it BJ at +50 get your stop to +20 and hold it down to 1.21. Pyramid on the way down if you got the balls.:clap:

Am beginner. Why would you need balls ? Stop is all you need, no ? What I am afraid is it will shoot up to knock out the shorts before going down.

 

[ChocolateDigestive]

Am beginner. Why would you need balls ? Stop is all you need, no ? What I am afraid is it will shoot up to knock out the shorts before going down.

You have got a great entry Joe don't get shaken out.

 

[BeginnerJoe]

You have got a great entry Joe don't get shaken out.

Well if you like it that much you can enter now better than I did.

 

[ChocolateDigestive]

Well if you like it that much you can enter now better than I did.

I got in at 1.2897 BJ, the bucketshop crooks didn't open until 22.10 GMT otherwise I would have got in earlier