EUR/USD

stevewalker posted:
this thread is about EUR/USD

please feel free to post your forecast/comments/thoughts about that pair.

walker

now EU is down trend i sell at price 1.13144 SL at price 1.3134
TP is no limit

It is downtrend but I wait for pull back before short. Price now below 1.1300. I set Sell limit at 1.1300 Tp at 1.1250 Tp open as well. This could fall far

The U.S. news will be today later: Consumer Price Index, Building Permits, Crude Oil Inventories.
But technically, I see a continuation of the upward movement as the correction after the fall of EUR/USD.

Upward movement? I think that the correction had already happened and price will fall no matter what the CPI data is . Start of a longer trend down for euro me thinks

I think upward movement will follow later today. Might be a retest of the 1.1260 support first but I will be going long once the move down stalls

i think it to its a market makers move to wipe out the buy stoplosses long
en to trap the seller in short

i think 1.1225 is now a possibility

Next support is 1.1210 on my charts. If price breaks todays low then we will fall down to 1.1210 and maybe 1.1200

EUR/USD amplitude narrowing indicates the further momentum. The price is around 1.1294 support. If the level of 1.12940 is broken, then a further impulse will be directed down to 1.12137 support and below, to 1.11150. The level of 1.13904 will be a resistance in the case of bullish.

The closest is the 20 DMA at 1.1365. The Momentum indicator heads lower in negative levels and at its lowest for this year, while the RSI lacks directional strength, consolidating around 40.

The EUR/USD level of 1.1294 was broken and the currency pair is going to reach 1.1339 resistance. This point will be an important level for EUR/USD and it may back to 1.1294 support.

I am not sure it will reach all the way back to 1.1339. Price seems to stall now. I am going short if there is a hammer on M15 forming. Target will be the 1.1294

According to the upward trend, the further movement on EUR/USD will be rising. But I see the opportunity to test a 1.12940 support level if 1.13329 will be breached.

I do not understand what you mean. 1.1294 is below 1.13329. What would a break of 1.13329 mean that price will fall to 1.12940

I am bullish on EURUSD open position on 1.1337 with trailing stop of 60pips.

EURUSD will have a chance to fall if the upward trend will be broken. The support level on the low of 1.1276. In the case of growing and trend continuation, the resistance will be 1.1369.

Good luck with that. Eurusd looks like it is pulling back from a down turn to me. I expect price will fall sooner or later. Not much upside in my view. Why do you think price will rise?

Nothing to trade on eurusd today or yesterday or day before that. better off shut down and go outside

Perfect range trading conditions. Sell at 1.1355 and Buy at 1.1330 . Easy pips making machine. Range trading is way better than trend trading because markets range 80% of the time