EUR/USD
Member Since Apr 14, 2014
230 posts
Oct 30, 2014 at 01:07
Eur/usd looks to stabilize near 1.2620, above the immediate support 1.2614. But it may not be all over for the pair. The EUR will remain under pressure, as the dollar will again be the main focus of the pair’s price action tomorrow.
Member Since Oct 11, 2013
775 posts
Oct 30, 2014 at 02:20
Amazing volatility on the EURUSD, now lets see if it can take out the 1.2600 level to the downside.
Member Since Apr 08, 2014
1141 posts
Oct 30, 2014 at 07:44
The pair traded sideways for much of yesterday session, as markets tentatively waited the release of the Fed rate decision after the close.
However, heading into the close of European session the markets positioned for a dovish Fed statement, with the USD weakening and the pair moving to fresh highs at 1.2770, but a hawkish statement coming out of the Fed sent this pair lower. The market should continue to go lower down to the 1.25 handle.
However, heading into the close of European session the markets positioned for a dovish Fed statement, with the USD weakening and the pair moving to fresh highs at 1.2770, but a hawkish statement coming out of the Fed sent this pair lower. The market should continue to go lower down to the 1.25 handle.
"I trade to make money not to be right."
Member Since Jan 31, 2014
83 posts
Oct 30, 2014 at 08:31
I am moving my tp down to 1.25200 from 1.25500
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since Jul 10, 2014
1117 posts
Oct 30, 2014 at 12:36
After the FOMC news yesterday EUR/USD dropped significantly without even reaching the resistance at 1.2830. It will likely continue to descent with target 1.2500, which is a pretty strong support level.
Member Since Oct 08, 2011
137 posts
Oct 30, 2014 at 13:17
The EUR/USD is currently in congestion with 12 bars on the daily chart. Today's bar (nr. 12) opened inside the MB, meaning, there is potential to close near 1.2630 or higher. If not, tomorrow's bar has potential to trade up toward the middle of the MB, which is near 1.2720.
According to the congestion rules, it takes at least 17 bars (if the congestion goes beyond 10 bars!) in order to attempt a trade, regardless of the time-frame. Best bars to trade are bar between 21 and 29, depending on the formation inside the trading range.
According to the congestion rules, it takes at least 17 bars (if the congestion goes beyond 10 bars!) in order to attempt a trade, regardless of the time-frame. Best bars to trade are bar between 21 and 29, depending on the formation inside the trading range.
"a little bit of knowledge is a dangerous thing"
Member Since Jun 08, 2014
454 posts
Oct 30, 2014 at 22:43
the EUR/USD is completely unstable with mixed signals and low volatility. I don't think I can trade on it with this condition.
Oct 30, 2014 at 23:25
The euro began the day lower in anticipation of the numbers of the preliminary German CPI for October.
Although the job market shows signs of improvement, the data of inflation reinforce the downward trend of the EUR/USD.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
Although the job market shows signs of improvement, the data of inflation reinforce the downward trend of the EUR/USD.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
Member Since Apr 08, 2014
1141 posts
Oct 31, 2014 at 07:38
QE3 was ended Wednesday, as expected, when the Fed announced it would be eliminating open market operations.
They did indicate that current (record-low) interest rates would remain in place for the foreseeable future, though most analysts expect a mid-2015 rate rise.
Strong GDP numbers and solid jobs numbers also give a positive outlook for the US economy, even as the world economy slows.
So expect EURUSD to reach 1.25 in a couple of days and given enough time it may eyeball the 1.20 handle.
They did indicate that current (record-low) interest rates would remain in place for the foreseeable future, though most analysts expect a mid-2015 rate rise.
Strong GDP numbers and solid jobs numbers also give a positive outlook for the US economy, even as the world economy slows.
So expect EURUSD to reach 1.25 in a couple of days and given enough time it may eyeball the 1.20 handle.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Oct 31, 2014 at 10:19
EUR/USD keeps falling and it will likely reach 1.2500. What happens next is up for debate, however. Will it form a double bottom and bounce back or will it break below the support at 1.2500 and head even lower? Personally, I still think that the long term target is 1.2200, perhaps even 1.2000, but I don't think anything can be said for certain before we see what happens around the 1.2500 level first.
Oct 31, 2014 at 12:21
EUR / USD was too little time below 1.2600.
The daily momentum indicators contend that again will try to break this barrier.
The RSI (14) has moved downward after finding resistance slightly below the 50 line, while the MACD, already inside negative territory, seems to be willing to cross below its signal line.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
The daily momentum indicators contend that again will try to break this barrier.
The RSI (14) has moved downward after finding resistance slightly below the 50 line, while the MACD, already inside negative territory, seems to be willing to cross below its signal line.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
Member Since Jun 08, 2014
454 posts
Oct 31, 2014 at 15:48
the EUR is completely destroyed now. price broke under 1.2500 this is the lowest price got for years
Member Since Apr 14, 2014
230 posts
Nov 01, 2014 at 03:38
Eur/Usd has broken down the 1.2900-1.2600 consolidation range yesterday and once 1.25 gate is open this pair would presumably resumed the bearish trends in the long run with the target of 1.22.
forex_trader_214153
Member Since Oct 29, 2014
2 posts
Nov 01, 2014 at 10:49
Euro will further fall why most traders long the euro usd
Member Since Oct 11, 2013
775 posts
Nov 02, 2014 at 21:14
possible bullish bounce on the EURUSD from the 1.2500 level. Lets see what it does.
Member Since Apr 08, 2014
1141 posts
Nov 03, 2014 at 07:29
The EURUSD pair fell during the course of the session on Friday, breaking the bottom of the hammer from the Thursday session. And even went below the 1.25 level at one point, but at the end of the day we ended up bouncing back above it.
If we can break down below the 1.25 level on a daily close, we would be very bearish and we would continue to sell this market.
If we can break down below the 1.25 level on a daily close, we would be very bearish and we would continue to sell this market.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Nov 03, 2014 at 15:12
EUR/USD continued its descent and even broke below the support at 1.2500, reaching a new low at 1.2440. Despite the current pullback I think we will see the bearish trend continuing, at least until it reaches 1.2200, perhaps even 1.2000.
Nov 03, 2014 at 15:33
The EURUSD rose slightly, despite a slight downward revision in industrial PMI in the Eurozone for October with a review of the initial estimate of 50.7 to 50.6, below expectations.
This review resulted in the manufacturing PMI in Germany have also been revised downwards.
Hopefully by now the numbers for US manufacturing PMI to anticipate the next moves.
R3 - 1.27312
R2 - 1.26740
R1 - 1.25993
Daily Pivot - 1.25421
S1 - 1.24674
S2 - 1.24102
S3 - 1.23355
https://bewayopa.wordpress.com/
This review resulted in the manufacturing PMI in Germany have also been revised downwards.
Hopefully by now the numbers for US manufacturing PMI to anticipate the next moves.
R3 - 1.27312
R2 - 1.26740
R1 - 1.25993
Daily Pivot - 1.25421
S1 - 1.24674
S2 - 1.24102
S3 - 1.23355
https://bewayopa.wordpress.com/
