EUR/USD

The EUR/USD is consolidating after the big drop last week. The question is how long will this consolidation last. Personally, I do think it's high time for correction but at the moment there is no signal that correction is about to begin.

I agree with you victoriajensen, but now one knows when the correction will come.

there is far too much bad news still to come from Europe, I would say 1.13 / 1.12 is on the cards. only then will i be a bit hesitant to short the pair further. Daily FX mentions a very aggressive correction when it does eventually happen. i am currently trading the pair on a daily basis, hesitant to keep it overnight and weekends.

EURUSD rose on yesterday session but with a narrow range creating an inside day. The pair is trying to build up enough of a bullish momentum to head back to the 1.18 level. Be aware, this week is “do or die” for EURUSD due to the ECB monetary policy statement on Thursday and the Greek elections on Sunday.

EUR / USD recovered yesterday but touched the resistance and retreated a bit.
The short-term trend remains downward.
The daily oscillators indicate the speed of momentum 'bearish' and open the way to future falls.
The 14-day RSI is oversold and pointing down.
The daily MACD is below the signal line and pointing down.
Shows minimum and maximum lower and below the two moving averages of 50 and 200 days.
R3 - 1.17355
R2 - 1.16871
R1 - 1.16466
Daily Std. Pivot - 1.15982
S1 - 1.15577
S2 - 1.15093
S3 - 1.14688
https://bewayopa.wordpress.com/

EURUSD is very good for Scalping in last months.

We made 50 WINS in a Row with EURUSD.

https://www.myfxbook.com/members/FXScalpinoRobot/forex-scalpino-robot/1054635

EUR/USD formed several dojis in the 4 hour filter chart under the resistance level at 1.1610 and slowly began dropping but it hasn't broken below the support at 1.1540. Frankly, I don't think we can expect big movements before ECB monetary policy statement on Thursday.

I don't think anything will happen much until Thursday.

We are too close to Thursday Sherif, and we will see what will ECB gonna do.

Very tight range today, not even any reaction to ZEW data, I guess we do have to wait for Thursday.

csc2009 posted:
Very tight range today, not even any reaction to ZEW data, I guess we do have to wait for Thursday.

I guess so, no one wants to take any risk now.

EURUSD fell during the course of yesterday session, but did not move very far from Mondays low at 1.1551. The pair is in a sideways action waiting for the “do or die” events the 1st one tomorrow with the ECB monetary policy and the other one on Sunday the Greek elections. So be aware of explosive volatility in the next few days.

EUR/USD
either one of the highs of the last 3 days is a legitimate buy-stop entry price, due to a major formation that is forming.

Use the high-price of either one of the last 3 days and add 1 pip (ask price)

Trade to near 1.1750

honeill posted:
EURUSD fell during the course of yesterday session, but did not move very far from Mondays low at 1.1551. The pair is in a sideways action waiting for the “do or die” events the 1st one tomorrow with the ECB monetary policy and the other one on Sunday the Greek elections. So be aware of explosive volatility in the next few days.

''do or die'' very accurate for the current situation.

peeterwoolf posted:

honeill posted:
EURUSD fell during the course of yesterday session, but did not move very far from Mondays low at 1.1551. The pair is in a sideways action waiting for the “do or die” events the 1st one tomorrow with the ECB monetary policy and the other one on Sunday the Greek elections. So be aware of explosive volatility in the next few days.

''do or die'' very accurate for the current situation.

Yeah, i agree with that, but we will see what tomorrow brings to us.

Another slow day for the EUR/USD pair. I am sure that after tomorrow's ECB rate decision and Mario Draghi's press-conference the market would be anything but slow. And then there're the Greek elections on Sunday. This is like the calm before the storm.

EUR / USD was stable during yesterday closing slightly downwards.
The short-term bias remains negative, but given the positive divergence between the RSI and the price action, we can see some reactions.
On the daily chart, the price structure is with downward trend and forming minimum and maximum lower and below both moving averages 50 and 200 days.
R3 - 1.16691
R2 - 1.16416
R1 - 1.15948
Daily Std. Pivot - 1.15673
S1 - 1.15205
S2 - 1.14930
S3 - 1.14462
https://bewayopa.wordpress.com/

tomorrow is the big day I guess it's normal for today the market to be dead

QE is coming for Eurozone and so down we go.

1.14 looking in the near horizon.