totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !

tik tok tik tok tik tok ! this volcano ( eur$) is about to erupt..

Anyone had a look at the Nikkei weekly chart? One ugly rally this one with weak support. BoJ yen selling is the support for now, trade volume is weak. This thing will come down very badly when bears take over looking at MACD, stochs, ATR & bollinger bands. That should boost yen longs for some time. I'll stand aside from yen shorts for now and wait for these conditions to resolve for a clear direction. Though yen longs are likely to get stronger soon if last week's highs are not exceeded.

I'm still amused by Greece's SD - selective default hopium euphoria. A default is a default is a default. Someone cannot be half pregnant! Yawa! Bizarro world of ponzinomics. Now that ECB has subordinated all Greece bondholders, that should make for a good ugly fight when the other PIIGS emulate Sparta. 2012 will definitely be very interesting in euroland. The anger towards banksters will not be funny as labour/civil unrest goes off the charts. Caution as you take your trades.

Euro will go down during london session.
Euro ,nzd , aud all look bullish.

1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !