EUR/USD

Eur/usd might head higher if NFP tomorrow is weak, but overall it would still be bearish trend.

sherifFares posted:

victoriajensen posted:
The ECB rate decision certainly had an effect but it was not the effect I was hoping for. Still, despite the movement to the upside I don't believe that the bearish trend is over yet. I still think that the EUR/USD pair will reach target 1.22 sooner or later.

there are no indicators say that the bearish trend has ended. the ECB conference was rather weak It will not help on the long run. tomorrow's american Non-farm payroll will easily crush the Euro.

I agree, today we traded as low as 1.228, let's see what NFP tomorrow would offer us.

Will the EURUSD pullback? The pair may lose some momentum before the NFP data comes out, so it would be better to stay on the sidelines.

The short trade from 1.2506 to 1.2357 made some nice pips. The long from 1.2357 again was bit shaky so closed the trade with break even. Now again short from 1.2370 and will wait to go short again from 1.2418. Hopefully today's NFP will create some nice volatility to fill me in.

EURUSD tried to rally during most of the day yesterday, but struggled to stay above the 10-day moving average and the pair gave up about half of the gains considering that the non-farm payroll numbers are release today. Most traders will be willing to get out of the market at the end of the day, as the volatility should pick up this morning. So rallies all the way up to the 1.2577 level will offer selling opportunities.

I still see the 4 year funnel holding up but it breaks to the downside the question will be like limbo with "how long can it go".

You think it's good time to put a SELL trade at around 1.283??

I meant 1.2383*

SHORT only SHORT

The non-farm payroll today ruined Draghi's efforts from yesterday and the euro is once again in freefall. The EUR/USD bearish trend continues and the pair will likely reach 1.2200 sometime soon.

as I said yesterday the non-farm payroll is going to crush the euro. nothing now in front of the pair to test 1.2200.

sherifFares posted:
as I said yesterday the non-farm payroll is going to crush the euro. nothing now in front of the pair to test 1.2200.

You are right in this point, peaceful weekend to all.

EUR / USD rose on Thursday after the ECB President Mr. Draghi have said that the Bank will wait until the next quarter to assess the possible need for additional stimulus measures.
However, the increase in the stopped 1.2455. With the rate below the falling trend line, the short-term picture remains negative and we can only expect to see a downward trend for the EUR / USD.
R3 - 1.24840
R2 - 1.24384
R1 - 1.23619
Daily Std. Pivot - 1.23163
S1 - 1.22398
S2 - 1.21942
S3 - 1.21177
https://bewayopa.wordpress.com/

It seems we have the technicals and fundamentals on our side (the bearish side), 1.22 might be hit before the year end.

pramodwick posted:

andryou80 posted:

pramodwick posted:
today whatz the taregt euro/usd ??

1.2

made new swing low..i hope today pass 1.2350 and heading to 1.2400.
then trend reversal and bearish trend conitinue

now continue trend...

The EURUSD could keep dropping next week. The fundamentals keep supporting a higher Dollar.

NOW THE NEW DATA IN EURUSD MAKE NO MORE COMMENTS , UP MOVE ABOVE 1.247 FOR ONE DAY THEN GET DOWN .
UP MOVE IS VITAL TO CONTINUE AS EURO MAKE SO MUCH DOWN WITHOUT ANY CORRECTION AND THE POWER OF DOWN BECOME LESS AS THE WAVES BECOME MORE AT 4 HOUR CHART TECHNICALLY.
FOR LONG RUN EURO IS GOING DOWN , BUT SHORT UP FOR WEEK OR LESS THE CONTINUE

I'm just wondering if there is another correction movement back to 1.25 before hitting 1.22?

alexforex007 posted:
The EURUSD could keep dropping next week. The fundamentals keep supporting a higher Dollar.

Agreed, the dollar looks stronger for next few months, but I don't see it sustaining in the next 12 months to be perfectly honest. All fundamentals are against a stronger dollar. It's having it's moment in the sun, it's basking, before (what I believe) a true melt-down.