EUR/USD
Mitglied seit Oct 11, 2013
775 Posts
Jul 04, 2014 at 01:41
The 1.3600 level has proven to be a strong support for the EURUSD. Lets be patient and wait for confirmation of a breakout or a bounce from that level.
Mitglied seit Apr 08, 2014
1141 Posts
Jul 04, 2014 at 08:58
EURUSD fell during the course of yesterday, as the ECB left the door open for QE and said it is “watching”. This weighed on the euro. Before American traders celebrate the 4th of July, pressure mounts on the common currency.
Also the jobs number out of the United States came out better than originally anticipated, U.S. employer’s added 288,000 jobs in June and the unemployment rate fell to 6.1 % from 6.3 %. US dollar moved higher against most currencies.
Also the jobs number out of the United States came out better than originally anticipated, U.S. employer’s added 288,000 jobs in June and the unemployment rate fell to 6.1 % from 6.3 %. US dollar moved higher against most currencies.
"I trade to make money not to be right."
Mitglied seit May 13, 2014
1 Posts
Jul 04, 2014 at 09:04
Sorry if this is the wrong thread but WHY IS GOLD RISING WHEN THE DOLLAR IS GOING UP?
Can anyone give some thoughts?
Can anyone give some thoughts?
Mitglied seit Jun 03, 2010
696 Posts
Jul 04, 2014 at 09:29
Road open to 1.3550
Anhänge:
PAMM MANAGER // Professional Fund Manager
Mitglied seit Apr 14, 2014
230 Posts
Jul 04, 2014 at 12:43
csc2009 posted:
Yes indeed, looks like both the ECB and the Fed working together to keep eur/usd weak.
You are right, the Euro remains under strong pressure and trading below 1.36 support today, target might drop to next round number 1.3500.
Jul 04, 2014 at 14:04
I am not sure why anyone bought after that spike. Simply look at the patters of eu on the h4 adding ma lines smooth 34 (red) and 10 (green) look at the behavior of the retraces. The market simply trades patters, we simply try to get in on top and bottoms to get the best price, when that isn't really the best trade to take. Those are the mistake I have made in my trading hobby.
Mitglied seit Jun 08, 2014
454 Posts
Jul 04, 2014 at 22:47
it was very slow day with the absence of the us market have a great weekend all
forex_trader_194159
Mitglied seit Jun 09, 2014
38 Posts
Jul 05, 2014 at 11:05
Fed can not be dovish on eur while is dovish on yen. Draghi is dovish on eur.
Have a great weekend!
Have a great weekend!
Mitglied seit Oct 11, 2013
775 Posts
Jul 07, 2014 at 04:53
lets see how the EURUSD keeps behaving for this week, because it is at key levels which could make it go back upside or keep dropping.
Mitglied seit Apr 08, 2014
1141 Posts
Jul 07, 2014 at 08:56
EURUSD pair fell during the session on Friday, but unrequired to say since the U.S. we’re celebrating Independence Day, liquidity was extremely low.
EURUSD starting to bounce around the 1.36 level, so it’s possible to get a bounce from here, but at the end of the day, the market are still pretty tight, therefore aren’t necessarily interested in trading the pair the moment.
EURUSD starting to bounce around the 1.36 level, so it’s possible to get a bounce from here, but at the end of the day, the market are still pretty tight, therefore aren’t necessarily interested in trading the pair the moment.
"I trade to make money not to be right."
Mitglied seit Oct 08, 2011
137 Posts
Jul 07, 2014 at 13:55
Monthly chart: in congestion - currently on the 10th bar. Therefore, the high of May is still a legitimate hook-entry, but only for the month of July.
Weekly chart: in consolidation with currently 6 bars. It needs a lower high and a lower low as compared to last week's bar. The lower low has been accomplished so the high of this week needs to stay below the high of last week. Then the high of last week is a legitimate buy entry.
Daily chart: There are 4 finished bars in the same (down) trend. The high of the first reversal bar will be a minor (buy) entry signal.
Weekly chart: in consolidation with currently 6 bars. It needs a lower high and a lower low as compared to last week's bar. The lower low has been accomplished so the high of this week needs to stay below the high of last week. Then the high of last week is a legitimate buy entry.
Daily chart: There are 4 finished bars in the same (down) trend. The high of the first reversal bar will be a minor (buy) entry signal.
"a little bit of knowledge is a dangerous thing"
