3 Reasons for the Drop in EUR/USD

Since there's no good news for EURO even in G20 meeting today, the big question arises how far will this drop continue... ?

The real reason for the drop in the EUR.......it's a broken model.

As 1.3725 comes under attack now, stronger support is at 1.3650. This is busy Friday at the end of a busy week...

Not to mention the rate cut yesterday which should have tanked this thing at least for awhile

1.3715 and up

The number will stop at 1.3715. Rises to 1.3750.

and then short the hell out of it from 3750?

if it break the 1.372 then it will keep sinking till 1.36.., but i think the resistant line now is 372 is strong enough to hold

Short is closed. The evening one vote and the weekly closing clatter may stir.

Yohay i love to read your comments keep it up please

Waiting to move up to 1.3750

3 reasons to go up:
1. to many persons are talking about falling
2. to many persons are writing about falling
3. to many persons are thinking about falling

hehe...yes, I agree with kimis at the end of the day, there will be no short market here. Don't forget who are on the long side of the EUR...

One reason for the rise
1.RSI in Time frame 15 minutes

BULLET: EURO-DOLLAR: Saw slight bounce off lows near $1.3710.
04-nov.-2011
EURO-DOLLAR: Saw slight bounce off lows near $1.3710 and gains seen to
$1.3735 area against backdrop that mentions ECB buys of Italian bonds
seen, after reports that yields surged to new record. Euro last $1.3730
with bids ahead of $1.3700 and flows described as very light, mostly
just fast money players involved.

the reason behind the EUR/USd drop is the pattern--nothing more or nothing less--look at the four hour--news is bologna--don't fall into that trap

BULLET: EURO-DOLLAR: Trader chatter backfilling some of the..
04-nov.-2011
EURO-DOLLAR: Trader chatter backfilling some of the price action in this
pair and suggesting that a Dutch bank was a hefty buyer of euros earlier
in the day, allowing the prints into the high, but as soon as that flow
was completed, euro turned around and tracked lower, driven in part by
the various remarks from G20, including Merkel's mention that few G20
members had committed to buy EFSF bonds. Chatter suggesting that hefty
euro sales were seen at the ECB fixing and they say similar flows may be
seen at the upcoming London fixing event. Euro last at $1.37373, closer
to the low end of the day's range.

yeah! u right, dont trust most of action then fall into that trap!

The EUR/USD would drop like a stone by now if some MORRONS would not say "We have in the US horrible slow growth" almost instantly aas soon as the Jobless rate been made public with drop to 9.0% from 9.1%, as if they want to keep people pessimistic and despite one good economic number after another, after even decrease of the interest rates in Euro zone!!!

EURO-DOLLAR: Sees lift to $1.3755 area as traders....
04-nov.-2011
EURO-DOLLAR: Sees lift to $1.3755 area as traders shrug off the chatter
of LHS interest for the upcoming London fixing, the pair squeezing any
anticipatory shorts set ahead. Pair likely to find resistance at
$1.3780/85 area of broken support.

EUR will have another shot to 1.4xxx next week. G20 told the world printing money isn't a problem. It's basically telling the market, buy when it's still cheap. EUR's bull is still standing firm even with the rate cut, it signals the bull will charge again.

counter logic rules :/ hold on to your pants we're going for a ride to 1.45

I am not sure
1.Fundamentally the “Feelings” are mix for the unemployment’s.
2.Greece today will past the hair cut .
So there is not reason for a move lower

Technically there it can bee a move down but how deep this move it will bee it
depends from the thrust to the opposite direction first (north)
By compare past data (patterns) Euros’ last move to the direction of the trend (wave 5) 80% of the time expands at max100% from the bottom of the thrust
My scenario is
Euro first must reach the areas of 1.3940 before turn south again to the areas of 13500 (61,8% Fib from previous move plus 100% expansion of the present move )
http://imtp.me/25ww01ew0.p

The real reason why the Euro fell is that big money sold (for whatever reason or combination of reasons) and we followed (some on time others off time and still others against time) and then when big money decided to buy at the bottom having made money down - we did the same thing the same way. That is the real reason for anything that happens in forex or any other market - money talks and bs...

BTW did you all hear Ms. Merkel? She said the Greek PM is not the problem any longer, the problem is that there is not a single buyer of EFSF bunds or bonds or whatever in BUCK town - now is that not something? If reasons have a place should the Euro not be tending towards zero at this time? Well is that not proof? In this case big money is still counting today's rake in - up and down. Monday may be big money will decide how to confuse the rest of us very reasonable traders, twist us about and rake in more.

how you know that?

Yes, China and Japan turned down EFSF. With only a 25% guarantee on the money, would you take that bet? I wouldn't and neither are they. The Euro Zone does not want to put up any of their own money either. So they will watch Greece default, this will affect Italy, Spain, and Belgium. If they can't/won't print enough money to keep it afloat, there is a chance that the euro will be in serious trouble by January. With the US economy starting to pick up a bit, the Euro will probably begin a gradual, if rocky slide down for the next 3 months.

The eur fell because it was following its cycle, I posted this on forexfactory the other day even with a line where I thought the correction would end and the price levels.

http://www.forexfactory.com/showthre...08462&page=203

My little red line was one barout, don't try to kid yourself with news these markets are following their own path thats why the politician can't control them, think of the USDJPY no matter what the BOJ do no one buys till the cycle changes.

Interesting way of approaching the market
I all ways thought that's something magical
about it ( I mean trading)
I get some tea leaves that turned Yellow
that's a sign that Euro will decline??

well stop all your thinking phenomena, euro will reach the 1.38.. and then sink back to 1.36.. till the Eu will settle down an agreement for greece , didnt you see that in the chart. well its better to trace down the movement rathar than just taking notes

tranco don't mock what you don't understand. If my dog pissed on a tree I would use it as a signal if it worked. You stick to your leaf in the tea mate, if it make you happy.

Does not matter which way it goes. Just follow the path.LOL

You are right !!
my apologies !!

Im a fan of sell but Friday eurousd cant pass a strong line so thats mean the max of 3 nov can take it or more so the govern of GRECE pass all indicators show me will be a megabuy .I trade in real so i watch the news so all of thaem show me will be a buy i estimate 300 pibs and after will be a megasell