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EUR/USD
Miembro desde Oct 11, 2013
posts 775
Miembro desde Apr 08, 2014
posts 1141
Jul 04, 2014 at 08:58
Miembro desde Apr 08, 2014
posts 1141
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."
Miembro desde May 13, 2014
posts 1
Miembro desde Apr 14, 2014
posts 230
Jul 04, 2014 at 12:43
Miembro desde Apr 14, 2014
posts 230
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
Miembro desde Dec 04, 2012
posts 241
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.
Miembro desde Jun 08, 2014
posts 454
Miembro desde Oct 11, 2013
posts 775
Miembro desde Apr 08, 2014
posts 1141
Jul 07, 2014 at 08:56
Miembro desde Apr 08, 2014
posts 1141
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."
Miembro desde Oct 08, 2011
posts 137
Jul 07, 2014 at 13:55
Miembro desde Oct 08, 2011
posts 137
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.
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