yesterdays fall from 1.13295 is extremely bad for bulls.... buy stop 1.139 and tp 1.15... and below 1.13.. sell for 1.08 tp
It is good to play eurogbp on sell side..
It is good to play eurogbp on sell side..
csc2009 posted:arigoldman posted:
Price is consolidating, expect a break out soon.
Market is waiting for FOMC statement, Eur/Usd sideline trading around 1.1260 level.
euro today below 1.131 and 1.1330 will visit 1.116... break of 1.133 will crack consolidation upside... below 1.13... only sell!!!
Jun 18 2015 at 06:40
I would say after quick stop hunting happening now it should get up !
Jun 18 2015 at 06:54
I am selling it right now.. of course with caution.. so many buyers i think. Good luck both of us.
Jun 18 2015 at 08:41
EURUSD on yesterday session initially fell but found enough buying pressure at 1.1204 previous day low to reverse and close in the green near the high of the day.
The currency is rising due to the depreciation of the US dollar after the Fed Chair Yellen stated that inflation has a good probability of remaining low for a long time and reiterated that rate hikes will be gradual. Economists now see as most probable US rate hike later this year or in the beginning of 2016.
In the short-term we may see a rise up to 1.1460 being the high of February and retested in May.
The currency is rising due to the depreciation of the US dollar after the Fed Chair Yellen stated that inflation has a good probability of remaining low for a long time and reiterated that rate hikes will be gradual. Economists now see as most probable US rate hike later this year or in the beginning of 2016.
In the short-term we may see a rise up to 1.1460 being the high of February and retested in May.
"I trade to make money not to be right."
euro can again fall below 1.13... just to be cautious.. i have my buy stop 1.139 with sl. 1.135 and tp 1.15
The US Federal Reserve has kept unchanged the key interest rate and has lowered economic growth for 2015
Jun 18 2015 at 14:02
EUR/USD finally broke above the resistance at 1.1380 after the FOMC rate decision announcement but the pair is still struggling to break above 1.1450. However I think that it is very likely to break above that level and continue climbing toward target 1.1580.
Today is held in Luxembourg, the meeting of ministers of the eurozone finance, with Greece once again become the center of attention.
Jun 18 2015 at 19:13
we will have more rise on the EUR/USD as long as the price is over 1.133.price is supported by a risen RSI trend line
Jun 18 2015 at 20:50
Hi guys I have one question if I can,
what is your stochastic setting, which ones you guys think is better to use on a 1 day time chart?
Thanks a lot to all
what is your stochastic setting, which ones you guys think is better to use on a 1 day time chart?
Thanks a lot to all
Jun 18 2015 at 21:10
yes it is better,along with 4h 1hre chart,you get the perfect picture,much largely used that way, excellent question😄
EUR/USD attempted to push higher yesterday, topped at 1.1436 but closed lower at 1.1366. Trading signals remain low for now, but the area 1.1380 - 1.1465 remains a good place for short positions with targets in the area of 1.1180 - 1.1050 with tight stop loss above 1.1465. The nearest support is at 1.1350. A clear break below it could take price to neutral zone testing 1.1280 / 50. Bullish pattern can be activated in a clear break above 1.1465.
Jun 19 2015 at 08:25
Yesterday the EURUSD initially rallied but found enough selling pressure around the 1.1436 and gave most of its gains back but managed to close in the green near the open of the day, creating a shooting star pattern. This pattern suggests that a pullback may be set in motion, now the question is how far it will go. The first level to watch is 1.1286 the 10-day moving average and the other is a daily support at 1.1236.
"I trade to make money not to be right."
Jun 19 2015 at 10:46
At least the resistance has finally been breached.
Positivity
Jun 19 2015 at 13:19
Better to use as much of time frames as possible to avoid false signals
According to a Greek official, Greece has not made a decision on whether to send a new set of proposals to creditors. It will be interesting on Monday when the Eurogroup will meet again.
Jun 19 2015 at 19:56
EUR/USD is facing new support and resistance levels. 1.1390 and 1.1280 I am not going to open any position until Monday in case something will happen in the EU meeting.
The finance minister said he was exposed to the Eurogroup a proposal 'full' and 'very reasonable' that includes, for example, 'a broad privatization plan to ten years,' the 'liberalization of markets for goods and services' and 'new reform program designed in conjunction with the OECD. '
