EUR/USD

alysharf posted:

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

now it pass to get only 2 points left, 1.2420 and 1.2240 , no need to make hero or make bad act before these points
for me i feel it is 1.2420 will make big stop as move is about 1570 pip down without any correction. that mean if make correction it start by break of 1.3993 point to make new high

EURUSD traded sharply lower yesterday after convincingly taking out the November 13, 2012 bottom at 1.2660. The next downside target on a daily chart is Fibonacci extension target at 1.2507. Today is not about support and resistance, but momentum. Watch for volatile swings in either direction as investors focus on what the European Central Bank (ECB) will announce at its policy meeting tomorrow.

Great analysis ,i think short sell is the best choice for today, thank you.😎

According to Goldman: '' The Euro is therefore far from cheap after recent declines and this is one of the reasons we continue to hold a bearish view. We expect EUR/$ to go to 1.20 in 12 months and parity by end-2017.''

EUR/USD hit strong support at 1.2600 and we might see some pullback before it heads for 1.2500, especially considering that a double bottom seems to have formed in the one hour filter chart.

peeterwoolf posted:
According to Goldman: '' The Euro is therefore far from cheap after recent declines and this is one of the reasons we continue to hold a bearish view. We expect EUR/$ to go to 1.20 in 12 months and parity by end-2017.''

It's too soon to tell, as we can see the potential of USD strength recently. But on the other hand China will start quoting EUR/CYN, this will reduce volumes in USD and increase them in EUR. This new quoting might just be what the Euro needed to recover from the recent steep loses it suffered versus USD.

The dollar traded higher against EUR but almost unchanged against GBP.
The euro fell against the dollar after mainly because manufacturing growth in the Euro-area slowed further more in September.

price failed to break the week's low @ 1.2570 more than one time. I am going to buy for target under the resistance of the week 1.2665.

Many divergent indicators suggesting a Bullish day for EUR/USd today. :) Lets see.

Short at any rally .
1.2000 is the key important point the pair must hit .

victoriajensen posted:
EUR/USD hit strong support at 1.2600 and we might see some pullback before it heads for 1.2500, especially considering that a double bottom seems to have formed in the one hour filter chart.

A pullback to 1.2680 - 1.2700 area seems quite possible by the end of this week.

I agree the EURUSD could get to the 1.2700 level, but that level could be become a good resistance.

dear fellows
eurusd now is at what we say next play, that mean up move for about 200 pip then sink down , nothing can stop eurusd now
it will make new low by this way , i mean below1.20420 and below1.1875 , which will continue to 1.16 as maximum possible move down . next week will be just the little game of eurusd by up move of 200 pip= 1.28 but make it by doji and long limb up
to make people go llong in that place, then 1100 pip down

The EURUSD had a narrow range day yesterday and is likely sidelined waiting for today’s European Central Bank (ECB) interest rate decision and monetary policy statement and press conference.

Mario Draghi will announce during the day reinforcing stimulus measures, keeping the interest rate unchanged at 0.05% reference.
With these measures, the USD may continue to weaken against other currency, especially USD, taking into account the recovery of the American economy.

Great news bewayopa , thank you.

Yes, EUR ECB's Mario Draghi will speak at the rate decision press conference later today and the non-farm payrolls are on Friday, so the market is expected to be pretty volatile for the rest of the week. We'll have to wait and see what the effect of these events will be

okay yesterday's position was successful I hit the target, and again I am going buy my eyes are on the next resistance level 1.2710

takechance posted:

victoriajensen posted:
EUR/USD hit strong support at 1.2600 and we might see some pullback before it heads for 1.2500, especially considering that a double bottom seems to have formed in the one hour filter chart.

A pullback to 1.2680 - 1.2700 area seems quite possible by the end of this week.

Perfect.....took profit at 1.2684 and now out of the market.