EUR/USD Technical Analysis 03.11.2013

No one can keep good EUR down for longer. Under normal market condition EUR should have tumbled like GBP but when it refuses to go down that means it's getting ready for a shoot up....

http://www.dukascopy.com/plugins/fxMarketWatch/

Look like triple bottom is confirmed, just wait for a signal to go long with full margin.

click on marketnews...

we wait good news from euro if go long. but now us is still stronger.

scalp in all ways, and you don't need news

see the moving averages in daily chart u will got ur solution.......see 50 , 100 and 200 sma combination

How do u know where stops are placed?

yup. i would include the 38 daily fib already broken and the 50 which has my attention. the 200 sma and 50 fib are my keys for eur/usd. i would assume they both get broken to run the stops then move higher off of them. If not, it is free fall time.

On the daily chart, price has dropped below the 38 fib. It has closed above it once but has dropped back below it. Price was stopped by the 14 sma and could NOT break through it. because of that, i suspect price will move lower to the 50 fib before moving higher or even lower.For me, a bounce off the 38 fib would have been bullish but because it did not, a move to the 50 fib is likely. There is really no way to know what will happen after that until we get there. THere are no significant candle sticks on the daily signifying a reversal yet. One significant thing is the daily 200 sma which is very close to the 50 fib. The 2 of them should show some support lower and price should bounce off of them. Also, there have been 5 straight WEEKs of red candles and the chance of getting another one isn't that great so some positive movement can be expected. THe 4h chart shows a continuing downtrend and i have a down channel drawn on it. It is behaving normally in that channel and a move out of it would be fairly significant. Only on a 4h basis though. FOr me the larger the timeframe, the more important the signals. Weekly trumps daily trumps 4h, etc. Hope this helps.

yes. one thing that helped me a lot was learning how to draw trend lines on different time frames. It is very subjective but it has been an eye opener for me

If the Italian elections, bad euro data the past couple of weeks, a more dovish Draghi, and good US data can't keep the euro below 1.3000...then I have no choice but to start looking at longs. This is from a fundamental and technical aspect.

The great thing about a possible long trade is that you have a definite stoploss placement just under 1.2950.

sorry guys, but what i see that euro needs to visit 1.2940 and 1.2918 and at most 1.2880 without a break below it, so then the road is bullish.

jaygee, pl just explain more?

what i see if the pair can break up the 1.3040, so long euro, otherwise short euro on the daily.

interesting, however i'll wait for a pin bar to sit over 13 EMA + other markets showing same behavior so this could be supported by intermarket forces.

the 4h chart the trend down for the euro.