EUR/USD

Negotiations between Greek officials and creditor institutions are showing some progress, let's see what is this going to lead us with eur/usd.

Signs of Redistribution

EURUSD fell on yesterday session with a narrow range day of 80 pips, creating an inside day and closed near the low of the day. The pair is still in a bearish phase and closed below the 10-day moving average. The stochastic is showing bearish momentum.
Expecting downward move to a Fibonacci level at 1.0680 on a break below previous day low at 1.0809 (scenario 1).

Hi there guys, this is my first post, glad to join this forum discussion!
I’m trading mostly eur/usd using Elliot wave analysis and was wondering if there are other traders around here in this group that use Elliot waves as well?
It would be nice to exchange ideas and comments!

Following the increasing uncertainties around Greece and the debt talks, Eur/usd slips to below 1.0710, the decline seems to have found some support around 1.0720 so far.

EUR / USD traded lower on Monday and fell below the short term rising trend line.
This morning began trading slightly above the 1.0800 support barrier, but fell reversing the short-term trend to downward.
https://bewayopa.wordpress.com/

EUR/USD broke below the support at 1.0820 and it's likely headed for the previous low at 1.0460. That said, nothing is certain considering that the US Non-farm Payrolls are on Friday.

EUR/USD fell yesterday dramatically with a drop of more than 100 pip since the break of the support line 1.0820 , Price keep pushing down aiming for the next support level 1.069.

The EUR/USD drop today 133 pip and broke below the support level 1.0820 and recently near to 1.0747, seem the bearish trend back again.

takechance posted:
If the price doesn't close below 1.0818 at the end of today then shorts would be covered and an upmove is probably on the cards. If it breaks 1.0818 then I would wait for another shorting opportunity upon pullback to this level.

Good level to initiate fresh short positions is 1.0820

takechance posted:

takechance posted:
If the price doesn't close below 1.0818 at the end of today then shorts would be covered and an upmove is probably on the cards. If it breaks 1.0818 then I would wait for another shorting opportunity upon pullback to this level.

Good level to initiate fresh short positions is 1.0820

Tks God I am Agree this time with you my fellow follower!

Abdul2012 posted:
The EUR/USD drop today 133 pip and broke below the support level 1.0820 and recently near to 1.0747, seem the bearish trend back again.

Bearish trends have never stopped, now it just picked up and continue.

csc2009 posted:

Abdul2012 posted:
The EUR/USD drop today 133 pip and broke below the support level 1.0820 and recently near to 1.0747, seem the bearish trend back again.

Bearish trends have never stopped, now it just picked up and continue.

 The bearish trend never stopped? You may want to look back at your chart. Higher TF only shows you what the market has done. Lower tf shows you what the market is currently doing. Ask the people who are stilling short EU at 1.05 1.06 and 1.07 how comfortable they are in holding such a position.

EURUSD fell for the second straight day and is gazing the 1.0680 level on the last day of the quarter, as Greece list of reforms is far from ideal and once again it just drags out the negotiations, bringing us closer to the point at which Greece’s defaults on its debts, which could come as early as 9 April when a repayment of €450 million is owed to the IMF.

CrazyTrader posted:

FERMONZOR posted:

CrazyTrader posted:
Who wants 500 pips?
This isn't a joke...

Shoot!!!

Maybe on GBPNZD... we have a bullish engulfing while last decline was about 1600 pips.... 500 pips retracement sounds likely possible.

500 pips done! 1.95 area to 2.00 area

If this pattern is valid... then EURSUD will go up.

An important decision will determine the future price of EURUSD.
The ECB decides on the maintenance of a special helpline to Greek banks.
During the month of March, the Greek banks have lost about 3200 M. € deposits, increasing its dependence on liquidity provided by the ECB, currently in 71000 M.USD.

The EUR/USD is still testing the support at 1.0700. I think it's very likely for the pair to break below it and continue on its way down, but as it always happens almost all volatility on the market disappears in the days before NFP. It's like the calm before the storm and considering that the market will be closed on Friday we won't even see the storm.

victoriajensen posted:
The EUR/USD is still testing the support at 1.0700. I think it's very likely for the pair to break below it and continue on its way down, but as it always happens almost all volatility on the market disappears in the days before NFP. It's like the calm before the storm and considering that the market will be closed on Friday we won't even see the storm.

We might not see any strong movement on the market until Friday.