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  • EURUSD pop 1.1600 and triggers stops as euro demand prevails

    From forexlive.com

    It’s been an up n down morning so far but we’ve now seen the euro find a few buyers/profit-takers with EURUSD leading the way and posting 1.1616 in a rush after breaching 1.1600

Maybe some fingers will get burnt!
So because now all retailers and small institution traders are shorting - such stop popping news will get red status here in FF? Aah, I forgot - the euro will go down forever.
Ban Forexlive.com for adding Red news whenever they need the currency to go in their favor.
ROFL ..is this breaking news .!!!!
i think eurusd will rise this week until 1.2
Hahahaha, I wonder where they can see stops trigger, there wasn't such a thing at this level. Normal buying and few stops above 1.16...
I think institution trade pushing price up and short again. Answer will disclose on Thursday ECB meeting with QE or without QE.
1209
The finest tool in the world still needs a MAN who knows HOW to use it
Hell yeah Thursday is going to be good.
Who decides what news is what colour though?
I have seen many times red news on calender ending up yellow on the news tab.
Another BREAKING NEWS... eur/usd just dived below 1.1600 ..... wait, it's back above 1.1600 again.....
LOL ... Parity
Ghost Rider - WWTBMD?
amazing!!!!!

Wake me if we get to 1.2 will you...
Come with me if you want to live....
Quoting Schminner
Another BREAKING NEWS... eur/usd just dived below 1.1600 ..... wait, it's back above 1.1600 again.....
Nice one! Have a beer! :-)
Quoting Ill-b-back
amazing!!!!!

Wake me if we get to 1.2 will you...
Technically speaking 1.2 is below fibo 23.6% line (High 1.39928 Low 1.14587). The 23.6% will be the first target if there is retracement. 1.2 is a very high possibility IF there is a retracement.

Question is whether there will be a retracement. On probability basis, it is more likely at current level because the downside 'surprises' (ECB QE, FED rate hike) have been exhausted and what left is the upside 'surprises'.
Quoting Hareii
Technically speaking 1.2 is below fibo 23.6% line (High 1.39928 Low 1.14587). The 23.6% will be the first target if there is retracement. 1.2 is a very high possibility IF there is a retracement.

Question is whether there will be a retracement. On probability basis, it is more likely at current level because the downside 'surprises' (ECB QE, FED rate hike) have been exhausted and what left is the upside 'surprises'.

you might be right... but after what happened with the SNB ...and at present do you sense anyone is going to risk buying up to there?
Quoting Schminner
Another BREAKING NEWS... eur/usd just dived below 1.1600 ..... wait, it's back above 1.1600 again.....

hehehe, wait it's below 1.16 again
Hard time for Euro, but I believe it will go up to 1.17000
Quoting KGP
you might be right... but after what happened with the SNB ...and at present do you sense anyone is going to risk buying up to there?
Surely there are buyers. Remember that for every trade, there must be the corresponding buyer for the seller. If the seller can sell, it mean there are buyer on the other side. Without buyer, there will be no transaction, just like when SNB lift its cap, there are no buyer of EURCHF and it drops much till there are buyer to keep it from dropping further.

Probably the difference between the buyer of EUR at current level vs other level is their time horizon consideration. These buyers have a longer term consideration OR they have deep pocket to ride out the volatility. They are not as sentiment driven as short terms trader. Think FX version of Warren Buffet.
i rememberd when economist force to dragi for QE and marcket were also positive for eur last ECB conference........bt why now most of they saying if buying QE,it must be negative for eur?plese anyone explain me...
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Hard time for Euro, but I believe it will go up to 1.17000

Yes , I agree with you, i think at this moment some long term trader investing in EUR/USD, that meat it will go within this week 1.1730 mostly.
There still could be some more downside moves on E/U left, considering the march 21st 2003 gap at 1.053 that never closed and we are already close to 11 years since the gap, so we should be going further down this year up to 1.053 and likely find a bottom there. The only other 10 year gap was in 22nd sept 1989 and it closed on 2nd dec 1999.

The are only 3 weekly gaps that have not closed on E/U since 1989. The recent jan 2nd 2015 gap at 1.2001, the sept 22nd 2014 gap at 1.3241, and the 21st march 2003 gap at 1.053.

It looks like we are on the last stretch towards 1.053. I will look to long E/U when we reach that price
any thing can happened in this market But i think now is time to go up trend EUR/USD
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All on the details behind the QE now. If its big then the Bears will be in! Anything other than a really big QE announcement is going to be a dissappointment to the Bears!
Euro is preparing to dominate the Forex market. soon will begin the rally to 1.45 (but that's another story that lasts at best at the end of 2015).
For now it is best to take advantage of variation, mainly positive rate Euro.
In attention to a possible return very briefly, to 1.14
  •  Guest
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impossibble rally with greeks out from eurozone, will inflamate spain, france and other countries, euro will go down
"euro demand prevails"

Couldn't stop laughing reading that. Pure wishful thinking.
bt pair will touch 1.18xx level before deep down ,becoz profit taking,,,,,,,,,,,,,,,,,,
Wait men. Time will say, What will happened? Just wait and see.

In this time, market will be ranging. After next month, market will go up slowly.

What do you think? what will happened?
Bokul
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  • Story Stats
  • Posted: Jan 19, 2015 4:34am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 29  /  Views: 7,949