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  • The euro just did something that few expected

    From cnbc.com

    The currency and commodity markets are under close watch following Sunday's French presidential election. "Everybody was expecting a pretty bullish move in the euro following the election; well, it seems we have a little bit of resistance in play here," TradingAnalysis.com founder Todd Gordon said Monday on CNBC's "Trading Nation." French centrist Emmanuel Macron's victory over far-right rival Marine Le Pen was considered a positive for the broader markets. Immediately after the election the euro rallied to its highest levels since November before falling and underperforming other major currencies. Le Pen ... (full story)

Few expected yes. Quite obvious target.... 1.10.

It's called stop hunt. What's new???

Quoting Not-KPMG
{quote} Yeaaayyy cookies Mind you, I'm a bit short Euro, and gold etc... but it may spike up. Folks who said 1.10..... it may happen. ...
... Spikes, Trumpisms... {image}
Beware of robber banks (RB), bad advisors.
Euro just did something that almost everyone suspected.
"Don't lose your cool, and you will fare well".
Quoting diana91
Euro just did something that almost everyone suspected.
Yep.
I mean take profit after the spike. Right?

Question is - where now?? 0850 or 1.1000 again...
Beware of robber banks (RB), bad advisors.
ummm who didn't? I saw that coming from a mile away
Anything can happen in FOREX. There's no 100% sure
In every FX forum there is always someone with bad positions screaming stop hunt once things go south for them.

There is no such thing buddy, that's what SLs are for.
Ahychhh !! forget the Euro-Bore for now ,, pls where do i get the same background screen that the Cnbc guy is using ? Aww that video is pretty cool stuff
The arriving better than the arrival, the journey has just started
Quoting Brendan777
In every FX forum there is always someone with bad positions screaming stop hunt once things go south for them. There is no such thing buddy, that's what SLs are for.
glad you have full confidence in your broker
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
  •  Guest
  • | IP X.XXX.48.40
No only the so-called pro analysts were expecting a bullish move.

With macron in power a subduded french economy will continue.

But eveyone know this

Euro will now down trend to parity
"Everybody was expecting a pretty bullish move in the euro following the election;"

The culling of the herd is an amazing sight to behold.
Quoting diana91
Euro just did something that almost everyone suspected.
Everyone except the clowns at CNBC.

Buy the rumour sell the news. What's unexpected about that?
I'll rather suggests that the Monday move down was just a correction so far long term and short term trend is clearly bullish.. Just seek for lows that's my recommendations......
  •  Guest
  • | IP XX.XXX.169.173
Everybody here expected everything, of course, as always...but in reality most of you don't have a clue what they are doing. Trading demo accounts doesn't show any skills, guys.
Quoting notouch
{quote} Everyone except the clowns at CNBC. Buy the rumour sell the news. What's unexpected about that?

hahaha hhehhe you right mate had sells done well right now a retrace I wait and see
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
The Euro is still sitting in the mid range of 2016 and 2017. There are trendier pairs.
Gone to a better place
Also I see the upcoming week, GBP news as an opportunity to buy pound.... #Just saying
Quoting ohakaba
I'll rather suggests that the Monday move down was just a correction so far long term and short term trend is clearly bullish.. Just seek for lows that's my recommendations......
listening
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting ohakaba
Also I see the upcoming week, GBP news as an opportunity to buy pound.... #Just saying
Yeay!!!! Buy pound at your risk.
1.2950 now.....
If we see 2450 no big deal
Beware of robber banks (RB), bad advisors.
Quoting g_14c1833f
Everybody here expected everything, of course, as always...but in reality most of you don't have a clue what they are doing. Trading demo accounts doesn't show any skills, guys.
There are brokers that place your demo on a "live" platform ansd asssess charges and fees accordingly Then if you are honest with yourself trading the demo as you would trade your own money ( that is a big if but I have traded live since 2013 and would never think of abondoning my demo accounts as I trey new strategies in my snadbox for about 1 year before adding them to my trading plan I trade Supply demand with PA from monthly charts and let me tell you its lonely when a price is retracing but I have learned that for me it frees me from watching charts and I spend about 40 hrs monthly on my trading decisions and analysis . Yes it lonely especially now when my team is down a substantial amount but we have suchc confidence we live through the pain in reality and in demo
Trading Consultants Inc JJG
blah, blah blah... Buy the rumor sell the fact. The Euro also completed a full 2/3rd retracement of it's current primary pattern, which is bearish. A 2/3rd retrace of a primary move is a very low risk / high reward location to trade from. I'm still however making much more $ from my long usdchf than my short eurusd positions. Gold & Silver by the way once again have proven to be historically accurate leading indicators.
eurusd
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Meeee
It was so obvious that most brokers cut leverage.
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  • Story Stats
  • Posted: May 8, 2017 3:35pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 21  /  Views: 9,268