EUR/USD

alysharf posted:
now what is new, eurusd make trap for trader to make them go long, and in that way , it is golden player
now only we have 1.2713 as support , then 1.2650 , 1.2533 ,1.2340 and then 1.2240 but i feel it is now near as 1.2650 make it double bottom for 1.2660 at 13/11/2012 , then it will jump up for long step but quick one. which is hard to occur
so i suggest either sideways move or little correction

i was wrong about that i forgot one more point 1.2420 make it more likely to occur

EURUSD fell during the course of the day on the last Friday session, breaking the bottom of the hammer created last week. This is a very negative sign and therefore the market should continue to go much lower. The next target is probably the 1.25 level but the longer-term charts suggest that we could go even lower.

Interesting Analysis, And i thing the short sell gonna be the best choice for today , thank you.

We have big week ahead of us, ECB Thursday and NFP Friday. Bearish trend continues, we may see 1.26 1st this week.

EUR/USD formed an inverted hammer candlestick in the four hour filter chart and headed up. Considering that there's also very strong support in the 1.2660-1.2700 zone, I think some correction is beginning with target 1.2730, perhaps even 1.2800.

I agree and if the price does not manage to go higher than 1.2730, I think we are looking for another short with bearish trend.

still the bearish trend is valid as long as the price trade under the resistance 1.2750

The dollar continues to climb free.
The DXY index rises 11 consecutive weeks, the first time there since 1971, the year in which the exchange rates fluctuated.
The DXY index rose 1.35% last week, the third highest rise in a series of 11 weeks, which shows no signs of slowing down any.
The USD rose against all currencies.

EURUSD tried to rally during the course of the day on yesterday session, but failed near the 1.27 level. This level ended up pushing market back down and forming a doji, which of course represents indecision in the market. The EURUSD is likely to take a pause, but a break below yesterday low could push the pair towards the 1.25 level given enough time.

dear fellows , there is till now downtrend not reach its targets , and clear vision is down move

alysharf posted:
dear fellows , there is till now downtrend not reach its targets , and clear vision is down move

 What are you talking about?

honeill posted:
EURUSD tried to rally during the course of the day on yesterday session, but failed near the 1.27 level. This level ended up pushing market back down and forming a doji, which of course represents indecision in the market. The EURUSD is likely to take a pause, but a break below yesterday low could push the pair towards the 1.25 level given enough time.

 So much for taking a pause. This is why people should just learn how to trade price action and stop guessing!

So what you suggest people for today ? short sell cause it is now in 1.2580 ?

All things considered, I think we can conclude that the bearish EUR/USD trend isn't exhausted yet. It fell 90 pips for the past four hours alone and broke below 1.2600. Personally, I think the next target is 1.2500, although it might go even lower.

I don´t trade based on support or resistance. I wait for accumulation, and then take my trades based on that. That is by far the best way to trade instead of trying to pick bottoms or tops. When you guess wrong your account suffer massive losses, and then you revenge trade after that.

Abdul2012 posted:
So what you suggest people for today ? short sell cause it is now in 1.2580 ?

sell at the current lowest point (minus 1 pip)
hold on to the trade to 1.2517 (or near there)

Oh, i went short at 1.26440. What's so special about 1.2580?

I think the target was around 1.2580 for now price is back at 113% fibo level i'll wait breaking it and go again short sell

sherifFares posted:
I think the target was around 1.2580 for now price is back at 113% fibo level i'll wait breaking it and go again short sell

Sounds good to me.