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EUR/USD
Mitglied seit Jun 08, 2014
454 Posts
Mitglied seit Nov 12, 2010
174 Posts
Mitglied seit Apr 14, 2014
230 Posts
Mitglied seit Apr 08, 2014
1141 Posts
May 08, 2015 at 08:37
Mitglied seit Apr 08, 2014
1141 Posts
EURUSD on yesterday session had a typical profit taking day ahead of the US non-farm payrolls and unemployment rate. The pair initially rose making new high but found enough selling pressure to reverse and close in the red near the low of the day. Key levels to watch today are the support at 1.1097 and the resistance at 1.1460.
"I trade to make money not to be right."
May 08, 2015 at 08:40
Mitglied seit May 01, 2015
675 Posts
EUR / USD had a bullish momentum yesterday, topped at 1.1369. Trading signals remain up in the near future to test 1.1450 - 1.1525. Immediate support is 1.1288. A clear break below that area could lead price to neutral zone testing 1.1200 but basically I remain in the camp of the bulls and any downward pressure should now be considered as a good opportunity for long positions.
May 08, 2015 at 16:12
Mitglied seit Jun 07, 2011
372 Posts
EUR/ USD fell on Thursday after not reaching 1.1375.
There is also the possibility of a higher minimum and the short-term picture remains cautiously positive.
The RSI fell below the 50 line and points down and MACD fell below its signal line.
A break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.
There is also the possibility of a higher minimum and the short-term picture remains cautiously positive.
The RSI fell below the 50 line and points down and MACD fell below its signal line.
A break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.
Mitglied seit Jul 10, 2014
1117 Posts
May 08, 2015 at 17:30
Mitglied seit Jul 10, 2014
1117 Posts
I admit I was expecting EUR/USD to react more strongly to the US Non-farm payrolls. The pair is back below the 1.1230 level and will likely continue dropping until it reaches the support at 1.1190, but I doubt we can expect any big changes before next week.
Mitglied seit Jun 08, 2014
454 Posts
May 09, 2015 at 11:30
Mitglied seit May 01, 2015
675 Posts
With the euro, improving to 10-week high, the correction that we see the pair is now well established. This does not change the overall picture, which is a lower euro (and can be changed later in the year), but after break of 1.1050, turning around the German government bonds and the momentum that we see, EUR / USD may lose some recent gains. USA published some weak data, but is expected to recover in Q2.
forex_trader_236107
Mitglied seit Mar 10, 2015
116 Posts
May 09, 2015 at 13:55
Mitglied seit Mar 10, 2015
116 Posts
FXWES posted:
With the euro, improving to 10-week high, the correction that we see the pair is now well established. This does not change the overall picture, which is a lower euro (and can be changed later in the year), but after break of 1.1050, turning around the German government bonds and the momentum that we see, EUR / USD may lose some recent gains. USA published some weak data, but is expected to recover in Q2.
So the people who didn't hedge against the 'correction' are now sitting with 500-600 pip floating loss, which goes to what I have always stated about not investing or swing trading. Why would anyone in their right mind want to go in red 500-600 pips to end up making the same amount. Consider the amount of time you would lose just to hit your target (Assuming that EU even drops back down) compared to just trading the runs from pivots to pivots daily.
Mitglied seit Apr 14, 2014
230 Posts
May 10, 2015 at 22:46
Mitglied seit Apr 14, 2014
230 Posts
csc2009 posted:
Low volume, high volatility, high manipulation. We had 100 pips up and down everyday for the past few weeks, are we expecting the same next week? Eurogroup meeting is back on Monday, let's see.
It's not moving anywhere, usual Asian session ahead.
Mitglied seit Apr 08, 2014
1141 Posts
May 11, 2015 at 08:37
Mitglied seit Apr 08, 2014
1141 Posts
EURUSD fell on Friday session after a better than expected US non-farm payrolls and unemployment rate. The currency initially rose but found enough selling pressure to give all its gains and close in the red near the low of the day, on a narrow range day. We may see a pullback toward the daily support at 1.1097 before another move upward.
"I trade to make money not to be right."
Mitglied seit Jun 08, 2014
454 Posts
Mitglied seit Jul 10, 2014
1117 Posts
May 11, 2015 at 18:05
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD formed a doji candlestick right on the resistance at 1.1180 on the weekly filter chart. I wonder whether this might be the end of the rally or does it indicate only a temporary move to the downside.
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