EUR/USD

The EUR / USD continued yesterday to move in consolidation.
Has been negotiating laterally from January 27 and the short-term outlook is neutral.
The larger trend is still downward long-term as is proving minimum and lower highs.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061

Trade reference EUR/USD 4 hour chart.
buy-stop @ 1.1351 ask + 1 pip

In my last posting I described what a hook looks like and how it can be traded on the 4-hr chart.

The hook occurred at the high from yesterday (1.1422 on our 4-hr chart), as this price bar is followed by a bar that failed to make an new high.

There are 2 reverse-hooks on the 4-hr chart at 1.1498 and 1.1533.
Each one of these rev-hooks has a c-stop (cavity-stop) which are only 10 pips apart (1.1460 and 1.1470)

Chances are that prices will consolidate at these c-stop price levels again for some time (3 to 9 bars) to build a new hook and then possibly advance to the second rev-hook price at 1.1533.

Best way to trade a trend reversal is by managing the SL properly, rather than getting in and out of trades.

I'm short too until 1.158 breakthrough. Would not go long anymore. TP 1.00 or lower.
Its just a matter of time. The euro cannot exist any longer that way of totally different economic situations of member states.
The train is going to derail.

EURUSD rose during the course of yesterday session, clearing the above the 10-day moving average. By doing so, it appears that the market will more than likely try to run to the 1.5555 level, where it should find enough selling pressure. All eyes will now turn to Monday as a talk about the Greek bailout continues.

EUR / USD rose on Thursday, breaking above resistance barrier (turned into support) of 1.1327 (S1).
The momentum study indicate a trend for forming bullish extensions.
The RSI continued to rise after spending above his line of 50, and the MACD is already above the signal line, with rising signs.
However there is a downward trend in the long term.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061

i think euro is short term up but in long term its too bearish now

Consolidation continued today for EUR/USD. The pair is still testing the resistance at 1.1450, but I think that it will reach 1.1600 should it be able to break above the resistance.

another quiet day. have a great weekend everyone.

The EUR/USD continued to consolidate over 1.1360 today. great weekend.

Relative strengths of major currency pairs based on Instituitional and reltail positions held......

EUR: Bullish by 7.1%

GBP: Bullish by 21.57%

AUD: Bearish by 23.83%

USD: Bearish by 18.95%

Its prudent to be LONG on GBP/AUD with discretionary risk/reward measurement.

EURUSD fell slightly during the Friday session creating a pin bar, as the market continues to grind away below the 1.1460 level. Fridays pin bar can offer a nice selling opportunity on the close below the 10-day moving average, so may expect a downward move to a daily support at 1.1236.

So far, no news no change yet, eur/usd is still stuck in the range between 1.1250-1.1550.

The EURUSD may stay strong, but it all depends on the Greek outcome.

While the Eurogroup continue discussing the situation in Greece, considering the upcoming expiry of Greece's current economic adjustment programme, eur/usd is trading slightly below 1.140.

Consolidation continues for EUR/USD and I doubt it will end before U.S. Fed releases minutes from Jan. 27-28 FOMC Meeting on Wednesday.

How long will it take until we see movement again on the EUR/USD.

EUR / USD closed consolidating last week.
The short-term oscillators support the idea that falls appear to have stopped.
The RSI increased after finding the support line, while the MACD remains above both zero and signal lines.
However the broader trend is still downward.
R3 - 1.14936
R2 - 1.14681
R1 - 1.14301
Daily Std. Pivot - 1.14046
S1 - 1.13666
S2 - 1.13411
S3 - 1.13031

bewayopa posted:
EUR / USD closed consolidating last week.
The short-term oscillators support the idea that falls appear to have stopped.
The RSI increased after finding the support line, while the MACD remains above both zero and signal lines.
However the broader trend is still downward.
R3 - 1.14936
R2 - 1.14681
R1 - 1.14301
Daily Std. Pivot - 1.14046
S1 - 1.13666
S2 - 1.13411
S3 - 1.13031

I agree with you, thank you.

EURUSD fell during the course of yesterday session as expected however there is still plenty of support below at 1.1270, next bus stop at 1.1236 and finally the terminal stop at 1.1097. I’m short from 1.1379 and will be scaling out at the pit stops due to the undergoing Greece situation.