EUR/USD

Well, yesterday's drop in the EUR/USD chart was very dramatic to watch. I had my suspicions but I didn't expect it'd fall this much. I think it's headed for 1.2700 now but we might see some correction on the way.

alysharf posted:
now it break 1.3118 next step is 1.3055, wait and see

it break 1.3055 to next step 1.2990 and at same session it continue to 1.2918 as end step of down move to start correction from that level

The Dollar experienced a mixed trading against the G10 peers during the morning of Friday here in Europe.
 Was positive against the SEK and NOK, negative against AUD, CHF, EUR and JPY, and virtually unchanged against the CAD, NZD and the GBP.
https://bewayopa.wordpress.com/

NFP day, but the poor NFP report did not seem to affect eur/usd much, dollar is still looking strong against the euro.

ECB is not acting is reacting and Mr Draghi is not finding solutions.

alysharf posted:

alysharf posted:
now it break 1.3118 next step is 1.3055, wait and see

it break 1.3055 to next step 1.2990 and at same session it continue to 1.2918 as end step of down move to start correction from that level

correction will not be big , only few pips for restore power and start down move again , most important point is 1.2832 level which if broken it will mean we are going down directly to 1.2340 level to start correction and also , the final target will be 1.1640 as major support level will be in act and no one can stop that . soon it will appear,what eurusd will do

The coming weeks will be interesting when the bond buying begins

what will happen Euro/usd....
i think heading to 1.2900

A few weeks ago, some trader on Bloomberg called for 1.25.

Where ever it goes doesn't really matter much for a short term trader. Even if it goes to 1.25 there will be plenty of scopes to buy or trade counter trade and make money. In fact counter trade money is made more quickly if one knows how to do it.

Cheers

EURUSD initially tried to rally during Friday session, but found resistance at 1.30 level and ended up forming an inside day, which suggests that the market is consolidating and getting ready for another push downward. So selling this market is the only thing that can be done.

100% agree with you Mr. O'neill and only sell. Thank you.

EUR/USD appears to be sleeping at the moment, but I think we should see some temporary pullback later today or sometime tomorrow. That said, I think that once that's done it will head for 1.2700 which is a resistance level visible on the monthly filter chart. The question is whether it will fall even lower. Time will tell, I suppose.

honeill posted:
EURUSD initially tried to rally during Friday session, but found resistance at 1.30 level and ended up forming an inside day, which suggests that the market is consolidating and getting ready for another push downward. So selling this market is the only thing that can be done.

I agree there should be no reason to go long at the moment, and we have a couple of news releases this week from Unemployment claims to Retails sales which may send this already under pressure pair to 1.2800.

I hope so

I think to 1.26-1.22

Well as we can see the resistance is broken, will it stay broken? Let's see.

The dollar was almost unchanged or slightly higher compared to their counterparts in the G10, in the absence of relevant economic events. The dollar gained ground against the GBP, NOK and AUD.
The British pound came under great pressure because of the supporters of Scottish independence have taken the lead in the polls.

the best thing now is to go short on the price. no need for a big risk