DislikedCould the downtrend be over for today according to the chart? Who knows - time will tell.Ignored
- Happy Trading everyone
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Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
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DislikedCould the downtrend be over for today according to the chart? Who knows - time will tell.Ignored
DislikedMany factors.
1. Could be a large player trying to trigger stops
2. Could be a large buy order.
3. A Cross play being executed.
4. News (but on this occasion unlikely)
5. Thin market (lunchtime square up)Ignored
DislikedAlso what I think happened this time (guessing though) is an order error in one market triggered reactions elsewhere. Since the SP futures had some weird gyrations in after hours electronic session too.Ignored
DislikedPlease refer to post #24150:
Many central banks have already stated their "fair value" price for this pair at 1.45~ by year end. Knowing that we are already in this zone, I believe this pair will consolidate between 1.4500 - 1.5000 for the coming months. We may see a brief blip to 1.4350-1.4400, but expect a sharp bounce from those levels.
Understand that the market has been pricing in the easing of the ECB over the past month+. Interest rate differentials are still the same and will be for quite some time. I don't think we see this pair move from this range until either the US hikes rates OR the ECB lowers rates. Until then, expect choppy sideways trading until someone makes the rate move!
Enjoy!Ignored
DislikedAlso don't forget that Asia sold Euro's in yesterdays session -- Today they are just buying them back
London session also sold Euro's aggressively yesterday -- will they buy them back as well or fade this Asian buy back? Time will tellIgnored
DislikedHi kodie,
Where did you get this information?
It looks very interesting, can you please post links or something?Ignored
DislikedGood thing they buy back to sell again when lots on board , the big players doing it? lol!Ignored
DislikedThese are all known facts daanman3. Listen and watch what central banks say and you will be rewardedIgnored
DislikedAlso what I think happened this time (guessing though) is an order error in one market triggered reactions elsewhere. Since the SP futures had some weird gyrations in after hours electronic session too.Ignored
DislikedA 60m chart without comments. Leave it to y'all to decide since most won't listen anyway.
Ignored
DislikedThese are all known facts daanman3. Listen and watch what central banks say and you will be rewardedIgnored
DislikedDirectly from the central banks' mouths! Is there not a better source?Ignored
DislikedDirectly from the central banks' mouths! Is there not a better source?Ignored
DislikedIf you can't provide sources or links then you should not be posting this information.
I find it hard to believe that there is no information on this on the internet.Ignored