Eurousd -upward biased.

Expect Euro to move up as it is oversold and macd shows upward biased.

forex-Eurousd

As expected, it rebounded and more upwards. More upside expected before moving further down.

Forex-Eurousd -oversold

went down as expected and resting on the trendline which is acting as a support line ( as per weekly chart). I expect it to rebound upward as it is in oversold position. But overall, the trend is still downward biased.

Forex-Eurousd -lacks upward force

Since Euro is unable to even touch the trendline which acts as resistance, I would expect it to move further down.

Forex-Eurousd - Resistance at the trendline.

As expected, it rebounded from the trendline. Expect resistance from the trendline as marked with the arrow. So take profit upon hitting that trendline.

Eurousd supported by trendline.

Euro broke through the trendline and now sitting on another weekly trendline. Expect a rebound from this trendline.

Forex-Eurousd - sitting on trendline

Euro sitting on trendline and at the base of the horizontal channel. For those going for sideway trading might be ok to buy with stop loss to cut when break trendline after certain points, but for those who are risk adverse, just while for it to break the trendline.

Eurousd - Still sideway

Market still going sideway. So still stay out and wait.

Forex-USDyen

Expect on the short term as per daily chart to rebound upward but the longer trend is still down as can be seen from monthly chart.

Forex-Eurousd

Market moving sideway and no clear indication of its movement. Stay out and wait.

Time to short Euro -Divergence

Time to short Euro as there is divergence in the MACD.

Eurousd-Short Call

Expect Euro to drop further as it failed to make higher high. Short on high.

Eurousd-picture speaks for itself

Eurousd -Profit from downward channel

Profit from upswing by playing the downward channel.

Eurousd -Dare to play the downward channel?

Can consider playing the upswing from the downward channel.

Eurousd-Parabola completed

Formation completed.

Eurousd -parabola formation almost completed

Parabola almost completed.

Euro/usd -Parabola in the making

Forming parabola. Expect more downside.

Moody's Downgrades Greek Sovereign Debt by 3 Notches

Moody's cut Greece's credit rating by three notches and kept it on review for further downgrades on Monday, citing significant risks to its fiscal restructuring program and the chance of a voluntary debt restructuring.

AP

Moody's [MCO 31.73 -0.24 (-0.75%) ] now has the lowest rating forGreece of all the major credit agencies and is the first to classify Greek government debt as 'highly speculative'.

"The fiscal consolidation measures and structural reforms that are needed to stabilize the country's debt metrics remain very ambitious and are subject to significant implementation risks," Moody's said in a statement.

It added that it saw risks that conditions attached to continuing financial aid after 2013 will reflect solvency criteria that the country may not satisfy, and result in a restructuring of existing debt.

The spread on 10-year Greek debt against benchmark Bunds widened by 8 basis points to 9.13 percent following the Moody's downgrade, while the euro[EUR=X 1.4013 0.0018 (+0.13%) ] fell about 30 pips against the dollar.

The Greek finance ministry said Moody's downgrade of Greece's credit rating was completely unjustified and showed rating agencies must be regulated more tightly.

"The rating downgrade announced by Moody's today is completely unjustified as it does not reflect an objective and balanced assessment of the conditions Greece is presently facing," the ministry said in a statement. Read more

Eurousd -Only making a lower high?

Breaking the trendline is crucial if the bull wants to establish its strength. Failing which we might be seeing a significant fall as it only confirms that it is making a lower high.