Edit Your Comment
EUR/USD
Member Since Apr 14, 2014
230 posts
Member Since Oct 11, 2013
775 posts
Member Since Jun 08, 2014
454 posts
Member Since Jun 08, 2014
454 posts
Member Since Apr 14, 2014
230 posts
Member Since Oct 11, 2013
775 posts
Member Since Apr 08, 2014
1141 posts
Jul 09, 2014 at 09:07
Member Since Apr 08, 2014
1141 posts
EURUSD should stay in a range today until late this evening as investor’s await clear signs from the U.S. Federal Reserve (FOMC June minutes) that it is on track to raise U.S. interest rates next year.
"I trade to make money not to be right."
Member Since Jun 03, 2010
696 posts
Jul 09, 2014 at 09:39
Member Since Jun 03, 2010
696 posts
ECB's Coene just said the euro wasn't too strong, and this was the catalyst to push the single currency higher, but how far? Absence of economic data has no significance for the pair, as it stays in the narrow range even when there are weak German readings, and broad sell-off of the USD. It looks like the pair chooses stability against volatility, and judging by the yesterday’s Brazil game stability is better. The only factor that may take the euro out of recent cage is FOMC minutes scheduled for release tonight. But we need to see really aggressive stance for the pair to move below 1.36 and slide to 1.3574 support.
PAMM MANAGER // Professional Fund Manager
Member Since Oct 08, 2011
137 posts
Jul 09, 2014 at 17:48
Member Since Oct 08, 2011
137 posts
Daily chart: There are 4 finished bars in the same (down) trend. The high of the first reversal bar will be a minor (buy) entry signal.
I posted this 3 days ago... it was a simple entry.
The first reversal bar was Monday. buy 1 pip above the high of Monday.
With minor/intermediate/major entry signals there is no guessing as to where prices will go. You just trade what you see and NOT what you think.
I posted this 3 days ago... it was a simple entry.
The first reversal bar was Monday. buy 1 pip above the high of Monday.
With minor/intermediate/major entry signals there is no guessing as to where prices will go. You just trade what you see and NOT what you think.
"a little bit of knowledge is a dangerous thing"
Member Since Jun 08, 2014
454 posts
Member Since Jun 03, 2010
696 posts
Member Since Dec 14, 2013
12 posts
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.