EUR/USD

It seems that today is a rest day for the EUR/USD .

A doji candlestick formed in the daily EUR/USD filter and the price started climbing. That said, I think it's prudent to wait for Draghi's press conference tomorrow before making any decisions.

The dollar traded in the lower face almost all of its G10 peers during European morning getting stable against the NOK and CHF.
The euro was boosted by the release of the Ukrainian president, Petro Poroshenko by announcing a permanent ceasefire.
The announcement of the agreement reinforced EUR / USD, but the pair failed to hold gains eventually back the next time, given the widely anticipated that the ECB meeting will be held next Thursday that remains the key factor for EUR.

There is political gossip about a discussion of permanent ceasefire between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin has sent eur/usd higher to 1.3160 today.

csc2009 posted:
There is political gossip about a discussion of permanent ceasefire between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin has sent eur/usd higher to 1.3160 today.

It's a fake ''ceasefire'', just like you said ''political gossip''.

EURUSD rose slightly during the Wednesday session, but found sellers above again on the 10 day moving average. All eyes will be on the interest rate statement coming out of the ECB today, looking for clues of further QE out of Brussels. The 1.32 level should continue as a key resistance and 1.31 should be a key support to pay attention today.

The final result will shown within few minutes

ECB governing council discussing ABS/covered bond purchase plan at today's meeting, according to people familiar with discussions

https://talking-forex.com/headlines/ecb-governing-council-discussing-abs-covered-bond-purchase-plan-at-today-s-meeting-according-to-people-familiar-with-discussions-04-09-2014

Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.

victoriajensen posted:
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.

There were not so much bouncing and we can say goodbye to 1.30.

when I started learning how to trade price-bar formations about 32 years ago, my mentor gave me a set of rules to go by:
1. NEVER trade without a stop-loss
2. NEVER trade an intra-day chart
3. NEVER fight the current trend
Most traders here seem to be fighting the trend, but only because they are looking at intra-day charts.
The EURUSD today made it to the 50% retracement (low of 2012 and high of 2014)
There are 2 major trend-lines near 1.2930 and 1.2800

In my last posting I mentioned 3 types of gaps. the most recent one turns out to be the break-away gap.

shit....you all think itz heading to 1.3000 ..r u sure???

csc2009 posted:

victoriajensen posted:
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.

There were not so much bouncing and we can say goodbye to 1.30.

I think after today's drop we can even say goodbye EUR

sherifFares posted:

csc2009 posted:

victoriajensen posted:
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.

There were not so much bouncing and we can say goodbye to 1.30.

I think after today's drop we can even say goodbye EUR

LOL

Breakout traders made a lot of money yesterday....so nothing to worry about EUR

Cheers

The NFP report out of the US may be the last nail in the coffin for the EURUSD.

I just found out this interesting theory, EURUSD was at levels 1.2 (roughly) at 2008, 2010, and 2012 - every 2 years (roughly again). It is 2014 this year, is this a pattern? We shall find out.

Last night mario Draghi anounced that eur will be going down to 1999 year Highs in 2-3 Years At the point of 0.8670 Eur/USd. So euro will be bearish for a long time from now on.

EURUSD fell hard during yesterday session as the European Central Bank surprised cutting all three interest rates and announcing a bond buying programme. The market looks as if it is going to continue selling, as the length of the candle is pretty drastic 227 pips the worst fall since the start of the Year. On top of that, we broke below the 1.30 level and the market is going to go to the next significant support level, the 1.28 handle.

I see it is going down today , thanks .

Silvestras posted:
Last night mario Draghi anounced that eur will be going down to 1999 year Highs in 2-3 Years At the point of 0.8670 Eur/USd. So euro will be bearish for a long time from now on.

So its time to sell it and it should go to 0.8670?