EUR/USD

Few hours to go, good luck to whoever still in the market.

EURUSD tried to rally during yesterday session but found enough selling pressure on the 10-day moving at 1.1680 to turn things back down to the open price. The pair closed near the open of the day creating an inverted hammer pattern. Stochastic is showing a slight bullish momentum and volume is falling as investors wait for the ECB monetary policy statement.
Be prepared for the worst but hope for the best!

honeill posted:
EURUSD tried to rally during yesterday session but found enough selling pressure on the 10-day moving at 1.1680 to turn things back down to the open price. The pair closed near the open of the day creating an inverted hammer pattern. Stochastic is showing a slight bullish momentum and volume is falling as investors wait for the ECB monetary policy statement.
Be prepared for the worst but hope for the best!

We should all be prepared, today is just the beginning, we still have Monday to come.

EUR/USD initial reaction was muted, but now hitting fresh 11 year lows.

The technical framework of the EURUSD remains negative, but largely short-term direction will depend on the direction the pair take after today's meeting of the ECB and its decision on the quantitative easing program (QE).
A wider context, the price structure suggests a downward long-term trend.
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
S2 - 1.14709
S3 - 1.14010
https://bewayopa.wordpress.com/

ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.

and we still have Greece elections on Sunday we will see more drop on the euro

victoriajensen posted:
ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.

Thank you victoria, i agree with your analysis.

bewayopa posted:
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
https://bewayopa.wordpress.com/

Hi, I was following your analysis | What is the possibility of USD being weak and EURUSD trend go up in next 10 days ?
I am looking forward to R3 - 1.18174 as the trading level |

Thanks, Regards Prachait

So possible correction in motion, but I am betting on it going to 1.12 or lower. It hasn't been able to break 1.13100 yet but it also hasn't broken 1.1375. Breaking past either one of those points could be signs of further movement in their respective directions. Long term, EURUSD should be heading further south to 1.10 and lower.

Currently have a TP of 1.10800 and a Trailing Stop of 40 pips following this down, we shall see which hits first.

I may close out some positions on the way down as well as my trade is larger than normal currently.

I hold two EURUSD short positions and plan to keep them for the next couple of month. Anybody else hold EURUSD short positions?

EURUSD fell like an asteroid during yesterday session making fresh lows at 1.1315 and close near the low of the day creating an impulsive candle. The pair is in a well-established bearish phase and has fell 6.15% since the start of the year. Stochastic in showing an oversold market but even with the pair well into oversold territory, we should not fight the strong downward trend.

Next target is 1.1270

QE beginning in March until late 2016.

Euro parity by June. Then sideways until Recovery

Recovery in May 2016 as QE eased off.

These are my thoughts

What do you think ?

EUR/USD is in a state of freefall and dropped over 500 pips for a single day, breaking below the 1.1200 level. Next target is likely 1.1000, but I think that it will eventually reach parity.

The free fall continues, it has already broke 1.12, there is no bottom in sight.

According to analysts at Societe Generale, EUR/USD would head towards 1.08 levels if it breaks below 1.12.

motaz82 posted:
I already started to sell @ 1.1625; TP1: 1.1350, TP2: 1.11xx

Got the target as planned

Question: EURUSD, How far the pair can go down ?
It went done to 1.11xx now |

1.08xx ? 😐

Looking for view points | as it happens to be a currency war between EUR and USD |
Thanks