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victoriajensen
Feb 18 2015 at 20:34
1117 posts
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.

MOMAFOREX (FERMONZOR)
Feb 18 2015 at 20:54
135 posts
victoriajensen posted:
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.



Until Greece situation get clear my dear...

THIS IS A MARATHON, NOT A SPRINT.
PERPETUUMMOBILE (PERPETUUMMOBILE)
Feb 18 2015 at 21:03
136 posts
victoriajensen posted:
Not even FED releasing the FOMC minutes could provoke enough volatility to cause EUR/USD range break out. For how much longer will range continue, I wonder.


A trading range often starts and ends with a doji bar.
A doji bar has similar open and close prices.
The price difference cannot be more than 3 pips.

Today's bar is Nr. 17 in congestion. If today's bar turns into a doji, it may be an indication that the congestion is over and prices may start trending again as I have posted a couple of days ago.

The major buy-stop formation on the weekly chart is still in place.

"a little bit of knowledge is a dangerous thing"
Arup Nag (takechance)
Feb 18 2015 at 22:09
271 posts
Relative strengths of major currency pairs based on Instituitional and reltail positions held......

EUR: Bearish by 0.77% (almost neutral)

GBP: Bullish by 20.68%

AUD: Bearish by 26.27%

USD: Bearish by 10.2%

Strong bullish outlook for GBP/AUD pair. 50% retracement zone can be good place to go long on this pair.


bewayopa
Feb 18 2015 at 22:55
372 posts
EUR / USD rebounded on Tuesday, came up to the level of the first resistance 1.1430 (R1), and retracted slightly.
While the pair are trading laterally between 1.1299 (S2) and 1.1463 (R2), the short term trend remains neutral.
The larger trend is still downward.
R3 - 1.15120
R2 - 1.14637
R1 - 1.14300
Daily Std. Pivot - 1.13817
S1 - 1.13480
S2 - 1.12997
S3 - 1.12660


csc2009
Feb 19 2015 at 02:09
834 posts
Eur/usd is back to 1.140 neighbourhood after the release of the FOMC minutes, it seems this pair is back to the range, a breakout of 1.1450 would open the gate to the upside.

peeterwoolf
Feb 19 2015 at 02:50
230 posts
We are still waiting for some big news from Greece, while the Euro is back to range against the dollar. So far we have received nothing but lack of progress, however report says Greece will formally ask for an extension to their bailout today, let's see.

Hugo ONeill (honeill)
Feb 19 2015 at 09:56
1141 posts
EURUSD initially fell during yesterday session, but found enough buying pressure at the 10-day moving average to turn things back around and close near the high of the day. The pair continues to consolidate in a very choppy environment waiting for Athens to agree in a bailout deal.

"I trade to make money not to be right."
victoriajensen
Feb 19 2015 at 17:15
1117 posts
The EUR/USD range continues but there is a doji candlestick in the daily filter chart, so I think we might see the pair drop to target 1.1250. That said, I doubt the bearish trend will continue without a correction and a significant move to the upside.

bewayopa
Feb 19 2015 at 19:18
372 posts
The EUR / USD rebounded slightly yesterday after the FOMC decisions.
The Committee intends to keep interest rates near zero for longer.
Market expectations were of an anticipated increase due to improvement in the labor market.
The pair continues to trade laterally, with a neutral short-term trend.
R3 - 1.15120
R2 - 1.14637
R1 - 1.14300
Daily Std. Pivot - 1.13817
S1 - 1.13480
S2 - 1.12997
S3 - 1.12660

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