Waiting on the EUR/USD’s Next Move

Waiting on the EUR/USD’s Next Move

From dailyforextradingedge.com

The trend is taking on a bullish Directional Bias and with this shift comes the opportunity to look to longer-term time frames for a trend-following buy. The three prior resistance levels on the daily have all been broken but intraday swings have continued to be viable set ups. Even when I discussed a potential intraday fade in “To Fade or Not to Fade: The EUR/USD and the 1.3100 Level” back on December 13, there was still support on the 60-minute time frame. I was hesitant to commit to a longer-term bullish play mainly because of the kind of volatility (and euro weakness) that talk of a ECB rate cut was injecting ... (full story)

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Comment #1
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Dec 20, 2012 11:24pm Dec 20, 2012 11:24pm

randal
| Joined Dec 2012 | Status: Member | 11 Comments

But the charts say, It's time for s SELL.

Comment #2
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Dec 21, 2012 1:06am Dec 21, 2012 1:06am

jackitonx
Joined Sep 2010 | Status: Member | 3 Comments

not quite to sell yet. Wave analysis will tell you, its time for get UP

Comment #3
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Dec 21, 2012 3:27am Dec 21, 2012 3:27am

shovon
| Joined Jul 2012 | Status: Member | 232 Comments

my H1 chart shows a downtrend and H4 in the process to confirm the downtrend. So, until it confirm in H4, bullish bias is still intact. And in more longer time frame e.g. daily and weekly, bulls are still holding the upper hand.

I'm waiting and watch cautiously if H4 could confirm the downtrend.

Happy trading...

Comment #4
Quote
Dec 21, 2012 5:15am Dec 21, 2012 5:15am

piptastic
| Joined Jun 2010 | Status: FXTRDR | 305 Comments

People seem to forget the monthly trend is bearish...just saying

Anything can happen in FOREX. There's no 100% sure

Comment #5
Quote
Edited 6:13am Dec 21, 2012 5:42am | Edited 6:13am

mrforex8
| Joined Oct 2012 | Status: Member | 140 Comments

Euro Go Down Test 1.2640 Because Cliff Breaked AND ECB Rate Down IN January 2013 - In H4 And D1

Comment #6
Quote
Dec 21, 2012 4:02pm Dec 21, 2012 4:02pm

Litu_Dhaka
| Joined Dec 2012 | Status: Junior Member | 3 Comments

EURUSD H4 & D1 Chart is showing bearish.

Comment #7
Quote
Dec 21, 2012 5:10pm Dec 21, 2012 5:10pm

jaygee
| Membership Revoked | Joined Jul 2010 | 2713 Comments

obama coming out live about fiscal cliff on news. bummer after hours though.

Comment #8
Quote
Dec 22, 2012 4:23pm Dec 22, 2012 4:23pm

Mingary
Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments

Whatever it says do the opposite

Comment #9
Quote
Jan 7, 2013 3:42pm Jan 7, 2013 3:42pm

Andre V
| Joined Dec 2012 | Status: Member | 20 Comments

Hi guys my charts also show sell the EUR. I am new to Forex and wpuld just like to say hi all. You guys have been in this for a long time and i hope i can learn from you guys. I live in South Africa and my name is Andre. Have a great evening guys.

Story Stats

Posted: Dec 20, 2012 5:27pm
Submitted by:
Raghee Horner

Category: Technical Analysis

Comments: 9 / Views: 3,477