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  • EUR/USD falling - new 12-year low as it hits below 1.0810

    From forexlive.com

    EUR/USD is trading down to fresh lows today, and fresh 12-year lows There isn't EUR-specific news driving the move, it has held-up this morning (relatively speaking) as the USD has gained. Its slipping now, though:

Just the MMs working the price down the price queue triggering pending short orders to get liquidity to fill their own long orders, and maybe to get the price below the whole number to fill long orders of some of the big players.
Since it broke during asian session, the rest of the day will be probably bullish...wouldn't be the first time, won't be the last time. Someone got orders triggered and will enjoy the ride for the rest of the day.
Everyone can see the chart, but only a few can actually read it.
Fucking greed is all it is.
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next level is 1.03000 . Euro will falling soon. Monetary easing & Greek pressure.
Anyway, I shorted USD/DKK @6.9044 and hope to make a few bucks, then long the pair tomorrow morning.
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its eventually going to have a sharp bounce up to at least 1.1650 but not with/out touching 1.0690 first.... I'd like to say that it will eventually meet the october 2000 low of .8225 but i know there is going to be some monthly bull candles allong the way... the steeper the drop the sharper the correction, just look at the eur-yo's price swings on the monthly from 2008 to 2014...
It's only been in a downtrend for the past nine months. How much more assurance do you need? It's easy money! People try to buy bottoms, only to lose. Don't fight the trend! You'll go broke if you keep trying to buy the bottom. Haha
Euro had a good stretch* from 1/25 to 2/24. Another good stretch is on the way soon. The Euro could mount an actual rally if Greece would just default already...

Uncertainty is worse for a markets sentiment than anything!

*A good stretch for the euro right now being one where price action is holding sideways. LoL!
"Don't fear a bubble until it starts to burst."
Quoting meanvel
Euro had a good stretch* from 1/25 to 2/24. Another good stretch is on the way soon. The Euro could mount an actual rally if Greece would just default already...

Uncertainty is worse for a markets sentiment than anything!

*A good stretch for the euro right now being one where price action is holding sideways. LoL!
It's very likely it will test the 1.07-1.06 area, and if that doesn't hold, it'll keep going down. It's just not going to bounce up on some imaginary line for no reason. Even if it did I still wouldn't buy. Why? It's a bear market right now! Price action is where it's at...
whats wrong with your charts >>>>>>>>> what goes up must come down what comes down must go up or have you traders forgot it
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
9 months will pass "bye,bye", that's when Mario had sex with Yellen.
They wanted Bear, but Bull should come out.. It is really pathetic. But, this is just a monet-orgy game...
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Quoting traderathome
Just the MMs working the price down the price queue triggering pending short orders to get liquidity to fill their own long orders, and maybe to get the price below the whole number to fill long orders of some of the big players.
Apparently Asia is not the front running, its the trading pre fixing that is the the front running.
Quoting OnlineAddict
Since it broke during asian session, the rest of the day will be probably bullish...wouldn't be the first time, won't be the last time. Someone got orders triggered and will enjoy the ride for the rest of the day.
lol
Quoting DeeKey
9 months will pass "bye,bye", that's when Mario had sex with Yellen.
They wanted Bear, but Bull should come out.. It is really pathetic. But, this is just a monet-orgy game...
Until it does, keep riding the gravy train. I see it's making that push to the 1.07-1.06 level. Easy money... Nine months worth
Once beaten twice shy ..... I am on the sideline on €/$ atm.
Quoting traderathome
Just the MMs working the price down the price queue triggering pending short orders to get liquidity to fill their own long orders, and maybe to get the price below the whole number to fill long orders of some of the big players.
You don't think it is 9+ month down trend, the trillion dollar bond buying program or Greece?

I'm up over 1400 pips in 1 week on several crosses, just by looking at the chart and trading the continuation of the existing trends. Or it could be the super-rich again somehow affecting our brain waves to grind out the last few dollars we have...
retracement will come but maybe only short live,, perhaps from FED delaying rate hike,, but surely next 3-4 month greece will ruin euro again. they should be exit from euro, instead request extension. 4 month will come fast, and next 3-4 month this spartan topic will come again. and guess what will happen with euro.... again..
take what you can take, before market take it back
Quoting Aaronfb
You don't think it is 9+ month down trend, the trillion dollar bond buying program or Greece?

I'm up over 1400 pips in 1 week on several crosses, just by looking at the chart and trading the continuation of the existing trends. Or it could be the super-rich again somehow affecting our brain waves to grind out the last few dollars we have...
Yeah, there's definitely too much fundamental pressure on the Euro. Europe's leaders are hoping that they will get quick economic results to counteract the downtrend from the bond-buying program, but I won't believe it will happen until it does.

Lately all the money just gets stuck in the upper levels, nothing trickles down. Can't have an economy of rich white Western elites

No shorts, no longs, Euro is out of bounds for now in my books until we get a nice correction or weekly/monthly trend break in April/May
Quoting alexpi
Europe's leaders are hoping that they will get quick economic results to counteract the downtrend from the bond-buying program
I don't think europhiles want the EUR trading at 1.5 times the USD anymore. I would not be surprised to see it settle somewhere around parity with the USD.
Quoting Aaronfb
I don't think europhiles want the EUR trading at 1.5 times the USD anymore. I would not be surprised to see it settle somewhere around parity with the USD.
That's an interesting point Aaron. Considering how uncompetitive European manufacturers become when the Euro is high, it would make very good sense to have Euro at parity with US dollar.
Another factor at play is that they probably want to start hiking rates. Has anyone read up on the resolving of low interest rate situations in the past? How did the world economies go about raising the interests so high in the first place during the 1970-1990 period, as can be seen here for US rates?

http://www.lifeplanningtoday.com/wp-content/uploads/2013/05/U.S.-Treasury-Bond-Interest-Rate-History.jpg
Short eurusd. First target 1.00. Second target 0.95 Fourth quarter target 0.50. Max lots 1:1000 leverage.
lol guys are funny...see you at .70
Draghi said:
Should not deval. more than 25%.
Let's calculate: From (1.4 25% is 1.05).
If we don't see surprises like CHF.
Still missing peak down of 200-300 pips, before going up and after all. U.S. isn't Gold. Rather, le merd, like EU. I believe they will virtualize another scandal, recession, whatever...
Lesson to continue: Now that price tested the 1.070 level, you might want to wait for a nice price action sell signal before going short, it's most likely going to make a pull back, as people are taking profit. Remember, NINE months of selling going on here....
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  • Story Stats
  • Posted: Mar 9, 2015 11:22pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 26  /  Views: 7,632