EUR/USD

It was a pretty profitable Week!
The forum is of great help.
Which you all a nice weekend.

EURUSD pair is back deeply inside of long term ballance zone -below supply and is gravitating with likely test of POC - most active historic price level. Ultimate target will remain as bottom of the Box - the Green line = Institutional Demand level.

It is amazing the big drop in the EURUSD, let's see if there is continuation for next week. I am really glad the forum has been of great help to all of us. cheers.

The question is, what's on the agenda for the Dollar this week. Thursday will/should be quite telling. Is it worth risking going short until then though, that's the Shakespearean question...

INOUGibraltar posted:
EURUSD pair is back deeply inside of long term ballance zone -below supply and is gravitating with likely test of POC - most active historic price level. Ultimate target will remain as bottom of the Box - the Green line = Institutional Demand level.

I agree.

Until the 5th Jun EURUSD will push down with momentum. Short is the way!!!

What to do now, EURUSD? Is it EURUSD ready for bounce?

Nr, 1 Red arrow shows where next long term Supply for banks and institutional size investments like. It is at 1.3820 (read previousl postings about this level 1.3820)

Nr. 2 Green arrow display projected institutional level demand from 1.3680. Because of TAS Box historic level 1.3680, we are exiting shorts and entering neutral/bearish mode. Aggressive short term scalping longs might be tried after 4h bar will close at or above 1.3680.

Ideal scenario would be price finding buyers as TAS Box'es are projecting at or around 1.3700-1.3680, bouncing all the up to 1.3820 our famous level.

Plan B if 1.3680 is not holding as level of demand (always have Plan B), then according TAS Box next long term support is 1.3578 as Feb 4th, 2014 historic level, Arrow Nr. 3. shows the level.
Nr. 4 zig zag indicates FAST Marktet zone, which will be 'filled' if 1.3680 is will not hold as support. There is very high probability that 1.3578 will be reached quickly if 1.3680 support will fail.

Conclusion: low risk long trades can take place from 1.3680 zone with targets Cyan (middle line in the box) 1.3735. Those are short term scalping conditions.

honeill posted:
Until the 5th Jun EURUSD will push down with momentum. Short is the way!!!

You are right, the movement to the downside is probably continue.

Yes, it's not going to be surprised to see this pair keep falling until the next ECB policy decision on June 5 and US non-farm payrolls on June 6.

TAS Pro Box on daily chart projection resulted in one long and one short winning trades. Yesterday we bought 1.3704 with exit reverse 1.3722. These two price levels TAS Pro Boxes displayed on April 4th 2014, the historic box Demand (Green) and Point of Control (POC), (Red).
We keep trading this range, until one side will break.
If, and when it break, refer to chart above for targets and direction.

Nice strategy! Good to know.

Nice chart, like the analysis. I don't think eurusd ready to just bounce back yet.

honeill posted:
Until the 5th Jun EURUSD will push down with momentum. Short is the way!!!

Very Good analysis.

i did bounced !!! i we traded long side EURUSD, from 1.3668, for short term move, with target upper range of the 'Box'-Red line 1.3728, on 4h chart, i exited earlier, POC - the center line. . Check two of my accounts played EURUSD on long side today.
However, on 4h chart, 'Boxes' held their respective Red lines - levels of Supply. No reason to think about trend change.



Also, take a look at chart below with iRatio (propriotary indicator build by TAS Pro) signaling possible double bullish convergence.
Second lower low in price and second higher low in iRatio definately got my attention.
Conclusion: downside potential is limited because momentum is drying out (iRatio). Upside is limited by daily and 4h Boxes - EURUSD is in neutral - bearish condition.

I don’t know if EURUSD will have the strength to bounce from 1.37 level!!

No, not right now for sure. Friday? not likely either.

Next stop for the EURUSD is the 1.36 where my target is set.

Yes, it looks very positive downside.

You are right 1.36 is the next bus stop!