EUR/USD

 Ok do you see the blue box? Once the bid closes above 1.10312 EU is a breakout buy to the upside. Until then the best order to have open right this moment is a sell.

Look what has happened since my recommendation...

comeinvest posted:
IMO, the coming NFP might be the key reversal for EU. we shall see after the release :)

Maybe so - its also pivotal for the USD - if we get another good month of readings and positive wage growth that will push forward rate hike expectations for the fed and the EUR will flop even further.... Draghi while upbeat in yesterdays ECB release made it pretty clear that while the outlook isnt as BAD its still bad and they wont even get to inflation targets by 2017 - i think we are a way off the turning point and even if we do have some upside moves, the USD is way stronger and will muscle it back down in the longer term...

https://forexmentor.adobeconnect.com/p30vv61rd2p/

Well the EURUSD dropped as per expectations - heres the analysis that I did at 8:30 this morning - 100 pips on the EURUSD sell!

One word: FUNDAMENTALS! Forget R1 / S1 and all that rubbish and just make sure you know whats going on fundmentally and its much easiar - anyway hopefully that helps.

Ps theres absolutely no marketing at all in the link - its pure analysis that was done about 5 hours before the NFP which included a trade set up - I hope that people can learn from the style of the analysis and how simple it is to just follow the fundamentals.

EUR / USD continued to fall after Draghi comments.
The ECB is willing to buy bonds to negative returns below the ECB deposit rate.
EUR / USD is around the psychological support line of 1.1000.
Daily technical oscillators detect an increasing downward speed and pave the way for a EUR / USD weaker. The RSI to 14 days entered its oversold territory and is pointing down, while the MACD, already negative, fell below its signal line and is also pointing down.

BenNathanFTA posted:

comeinvest posted:
IMO, the coming NFP might be the key reversal for EU. we shall see after the release :)

Maybe so - its also pivotal for the USD - if we get another good month of readings and positive wage growth that will push forward rate hike expectations for the fed and the EUR will flop even further.... Draghi while upbeat in yesterdays ECB release made it pretty clear that while the outlook isnt as BAD its still bad and they wont even get to inflation targets by 2017 - i think we are a way off the turning point and even if we do have some upside moves, the USD is way stronger and will muscle it back down in the longer term...

Sometimes i do believe the technical will drive the fundamental to certain extend and today would be a very good example.

EUR/USD broke below 1.09 after the US Non-Farm payrolls with ease. I think the pair will reach parity in the foreseeable future, the question is will it drop even lower? And just how much lower can it fall before we see a reversal?

Cholipop posted:

FERMONZOR posted:

bewayopa posted:
EUR / USD is proving lower minimum and maximum below both moving averages 50 and 200 days. A clear close below the 1.1000 could signal bearish extensions wider with original purpose in 1.0915, minimum of 5 September 2003.
President of the Chicago Fed, Charles Evans, argued that interest rates should only be increased in 2016, to the extent that inflation is still quite away from the 2% desired by the central bank (the last reading was -0.10%). This view runs counter to the prevailing perception in the market that believes that the Fed will raise interest rates sometime in the second half of 2015.
https://bewayopa.wordpress.com/

Dude, i suggest to make things simple, i mean back to basics... EURUSD will go to 1.07´s and even lower... u are talking around too many things, the one and only reason EURUSD is going down is Draghi QE.....

 oK so you think EU will go down to 1.07 correct? Ok so what would be the stop loss for your bias to the downside? 300 pips? 500 pips?

If you need managed account, let me know 😉, maybe 1,000 pips for the SL or 3,000 pips , why not?

Cholipop posted:

FERMONZOR posted:

victoriajensen posted:
 EUR/USD broke below the support at 1.1150 even before the ECB rate decision came out. The bearish trend is as strong as ever and it looks like the pair is headed for target 1.09, but is likely just another step on its way to parity.

Darling, I told u like 3 times now that EURUSD will go to 1.07´s,... even when you were calling an upside... Take Care

 You are guessing.

No, no, no guessing dude..... i respect the guys that treat forex as a gambling game, but i am not good at gambling at all.... some people say that i am a forex trader....

CrazyTrader posted:

Cholipop posted:

FERMONZOR posted:

victoriajensen posted:
 EUR/USD broke below the support at 1.1150 even before the ECB rate decision came out. The bearish trend is as strong as ever and it looks like the pair is headed for target 1.09, but is likely just another step on its way to parity.

Darling, I told u like 3 times now that EURUSD will go to 1.07´s,... even when you were calling an upside... Take Care

 You are guessing.

no noob... he knows how to read chart

Tks my friend!

I have absolutely no idea how low or how long the EUR/USD will go.

What a quick fall for the EUR/USD today, Also strong sell the whole week almost 200 pip not bad :)

if the EUR/USD price continue to fall at this rate we might see 1.0000 sooner than we expect.

sherifFares posted:
if the EUR/USD price continue to fall at this rate we might see 1.0000 sooner than we expect.

I too think EUR/USD will reach parity some time soon, but the next short-term target is likely 1.0720.

Have a great weekend everyone

The week started with a slight gap down opening. The weekly CFTC data is a caution for the fresh EUR bears....see below. There is a divergence appearing between the speculator net position and the EUR direction. I think its prudent to go for fresh shorting the pair once the net short position of the speculators increses from the current level.

'CFTC data suggest that speculative and CTA-type investors continued to pare back their overall exposure to the long USD trade in the week through March 3rd—even as the USD extended its overall decline. In aggregate, the IMM’s net long USD position against the major currencies dropped to USD42.4bn, the lowest bet on the USD since the Christmas week and down from the peak bull position of USD49.0bn seen in mid-January.'

'Speculative accounts trimmed net short EUR exposure for a fifth week, reducing their positions to –172.4k contracts (-177.7k last and down from a recent high point of –196.3k at the start of February). If specs are covering EUR shorts, the clear downward pressure on the EUR may be related to portfolio shifts rather than leveraged, directional positioning. With the ECB poised to start QE next week and the EUR itself falling to new cycle lows this week, spec short activity may (should) pick up.'

Good luck.

It looks like the eur/usd maintains its prevailing long term bearish bias.

EURUSD plunged fast and hard on Friday’s session with a wide range day of 195 pips and closed near the low of the day. The pair is still in a bearish phase and trading well below the 10-day moving average. The stochastic in showing an oversold market but even with the pair well into oversold territory, we should not fight the strong downward trend.

EUR/USD as of right now with a gap DOWN 1.0828