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victoriajensen
Oct 03 2014 at 15:57
1117 posts
The non-farm payrolls certainly had an effect and EUR/USD fell another 70 pips today. The bearish trend shows no signs of exhaustion and if you look at the monthly filter chart the previous lows are at 1.2030 and 1.1870 so I wouldn't be surprised if it's headed for those targets, though I don't think it will happen any time soon.

alysharf
Oct 03 2014 at 17:08
29 posts
dear fellows
eurusd will rise next week about 200 pip then end the week by doji , but still mean it will be get down
it is end by 1.1761

sherifFares
Oct 03 2014 at 18:54
454 posts
good that I always close my open positions before friday :) , the EUR/USD fell dramatically it's a shame that i always stay out of the market in that day

csc2009
Oct 05 2014 at 20:08
834 posts
alysharf posted:
dear fellows
eurusd will rise next week about 200 pip then end the week by doji , but still mean it will be get down
it is end by 1.1761


I shall keep eyes on it.

alexforex007
Oct 06 2014 at 01:34
774 posts
With the FED possibly raising its interest rates sooner than expected and the ECB implemente QE, the EURUSD may keep dropping.

Cholipop
Oct 06 2014 at 06:40
406 posts
alysharf posted:
dear fellows
eurusd will rise next week about 200 pip then end the week by doji , but still mean it will be get down
it is end by 1.1761


  What in the world would suggest that? Let me guess.... Because you believe eur-usd is oversold! Please... We have heard that for the last 12 weeks ( the amount of times in a row that usd has betten eur). When will you guys throw the guessing out the window and begin to focus on price action?

Hugo ONeill (honeill)
Oct 06 2014 at 08:35
1141 posts
EURUSD pair fell hard during the course of Friday session, crashing into the 1.25 level after better than expected nonfarm payrolls. The 1.25 is a large, round and psychologically significant number. That is a major support barrier, and as a result a bounce from here would be a huge surprise. However, a close below the 1.25 level, the pair will then make its move down to the 1.2430 this week.

"I trade to make money not to be right."
PERPETUUMMOBILE (PERPETUUMMOBILE)
Oct 06 2014 at 12:21
136 posts
Cholipop posted:
alysharf posted:
dear fellows
eurusd will rise next week about 200 pip then end the week by doji , but still mean it will be get down
it is end by 1.1761


  What in the world would suggest that? Let me guess.... Because you believe eur-usd is oversold! Please... We have heard that for the last 12 weeks ( the amount of times in a row that usd has betten eur). When will you guys throw the guessing out the window and begin to focus on price action?


WHEN YOU HAVE A BREAK-AWAY GAP ON THE WEEKLY CHART (@ 1.3240), MEASURE FROM THE VERY TOP (1.3993) TO THE GAP @ 1.3240, WHICH IS APPROX. 750 PIPS. THEN SUBTRACT THESE 750 PIPS FROM THE GAP PRICE , WHICH TAKES YOU TO APPROX. 1.2490. THIS IS USUALLY THE PRICE RANGE, WHERE THE RETRACEMENT STARTS. I HAVE TALKED ABOUT GAPS ON WEEKLY CHARTS IN A PREVIOUS POSTING.
GAPS ON THE WEEKLY CHART OFTEN STAY OPEN FOR MANY WEEKS, MONTHS OR EVEN YEARS (SEE EUR/USD GAPS @ 1.0528 & 0.9802 FROM 2003)
NOT SAYING THAT THE CURRENT GAP AT 1.3240 WILL CLOSE - BUT THERE IS A GOOD CHANCE THAT SOME RETRACEMENT WILL OCCUR. POSSIBLY 50% OF IT. ON MY WEEKLY CHART I SEE A CHANCE FOR THE RETRACEMENT TO GO TO NEAR 1.2880

ANY LARGE GAP USUALLY HAPPENS AT ABOUT 50% OF THE ENTIRE DROP, BEFORE A RESTRACEMENT SHOULD BE CONSIDERED. THAT GOES FOR ANY CHART TIME-FRAME

"a little bit of knowledge is a dangerous thing"
victoriajensen
Oct 06 2014 at 12:43
1117 posts
After the big drop on Friday EUR/USD seems to be in for some pullback now - there's a doji candlestick in both the daily and the 4 hour filter charts and the prince has started climbing. I think the target is around 1.2590. That said, the trend is still bearish and once the pullback is over it will likely continue its descent with long-term target being at least 1.2000.

bewayopa
Oct 06 2014 at 13:12
372 posts
The dollar rose to a high of four years against other major currencies in September.
The dollar index is on track to reach one of its biggest monthly gain since February 2013 amid expectations that the Federal Reserve is close to increasing interest rates way.

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