EUR/USD posts 52 week high

EUR/USD posts 52 week high

From fxstreet.com

EUR/USD has posted a fresh 52-week high. EUR/USD is trading at it highest level in 52 weeks, having pierced the psychological barrier on an intraday basis.

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Jul 18, 2017 1:14am

Quoting Guest

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The Euro is doing nicely and will sustain the rise as explained elsewhere (prior). Astute traders will do well to ignore the typical retail talk above. Basically, those are the views (apprehensions) of scalpers and part time day traders without the skills to read and trade sustained flows and should be ignored completely as uninformed about the state of the system. Any of these (especially those referencing so called "fundamental" analysis - whatever that means) miss the point - the market is a mathematically chaotic system underpinned by a fractal structure and does not submit to these typical misgivings (apprehensions, fears, confusion, etc) typical of these types. Happy trading. The Crow (-_-)

Ignored

Yeah right. All that gigantic moves created by Draghi, Caplan, Trump and Yellen are strictly matematical explaned events and comply 100% with your matematical chaos............ give me a break.

Please try to explain what happened recently and pushed EUR/USD 60 pips up using you matemathical chaos system. If you manage that, you can try the next possible Trump failure .... the tax reform. And in case you manage to explain that one using technical analysys, then you should probabaly write a book representing your new chaotical matemathical trading strategy.

Lesson: Never ignore any kind of technical and fundamental analysys. You should rather combine them and make the best out if it. Techical is good, but you should always have the door open for exceptions and breaking news as they are allways around the corner.

Good luck

NotAtrader

Jul 18, 2017 12:15am

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Quoting Ojiego

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{quote} Not sure of that Mate! I have been preparing for a short since price broke the wkly level but the political and economic shift in risk management favours the EURO! There is a competition going on right now who will replace the US on international scene. The Russians are trying, the Chinese are increasing their military base in Africa and Asia and the Europeans are saying: "We have to carry our cross .... we do not need the Americans". Normally I am Euro-short-biased, but the way things are going right now, I need to change that...

Ignored

Agreed to some degree. However, you do no need to be the world's leading military force in order to have a strong currency. The biggest problem for USD right now is Trump. Anything he does all day long pusshes the US Dollar down. The recent failure is the healt care project. The next failure will be the tax reform and it's just around the corner.

On the other hand, you have to know that all too strong currency isn't any good either. Said that, I suppose Draghi is allready looking for possibilities to weaken the EUR, as EUR/USD is way too overgought for the time being and the price doesn't represent the actual market situation.

Let's see.

Cheers

gvsee

Jul 18, 2017 2:10am

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Quoting NotAtrader

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{quote} Yeah right. All that gigantic moves created by Draghi, Caplan, Trump and Yellen are strictly matematical explaned events and comply 100% with your matematical chaos............ give me a break. Please try to explain what happened recently and pushed EUR/USD 60 pips up using you matemathical chaos system. If you manage that, you can try the next possible Trump failure .... the tax reform. And in case you manage to explain that one using technical analysys, then you should probabaly write a book representing your new chaotical matemathical...

Ignored

Never seen anything more accurate and correct than that

Ojiego

Jul 17, 2017 11:46pm

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Quoting priceaction1

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be prepared for short

Ignored

Not sure of that Mate! I have been preparing for a short since price broke the wkly level but the political and economic shift in risk management favours the EURO!

There is a competition going on right now who will replace the US on international scene. The Russians are trying, the Chinese are increasing their military base in Africa and Asia and the Europeans are saying: "We have to carry our cross .... we do not need the Americans".

Normally I am Euro-short-biased, but the way things are going right now, I need to change that narrative

Trader#E34A

Jul 18, 2017 12:39am

Permalink

The Euro is doing nicely and will sustain the rise as explained elsewhere (prior). Astute traders will do well to ignore the typical retail talk above. Basically, those are the views (apprehensions) of scalpers and part time day traders without the skills to read and trade sustained flows and should be ignored completely as uninformed about the state of the system. Any of these (especially those referencing so called "fundamental" analysis - whatever that means) miss the point - the market is a mathematically chaotic system underpinned by a fractal structure and does not submit to these typical misgivings (apprehensions, fears, confusion, etc) typical of these types. Happy trading.

The Crow (-_-)

priceaction1

Jul 17, 2017 9:09pm

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be prepared for short

NotAtrader

Jul 18, 2017 1:14am

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Quoting josch

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... and what should this say to us, The Crow?

Ignored

Just blah bla bs

josch

Jul 18, 2017 1:06am

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... and what should this say to us, The Crow?

Alfans16

Jul 17, 2017 8:56pm

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Would the building permits push EUR down below 1.45~

clockwork71

Jul 18, 2017 5:26am

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Quoting Guest

Disliked

The Euro is doing nicely and will sustain the rise as explained elsewhere (prior). Astute traders will do well to ignore the typical retail talk above. Basically, those are the views (apprehensions) of scalpers and part time day traders without the skills to read and trade sustained flows and should be ignored completely as uninformed about the state of the system. Any of these (especially those referencing so called "fundamental" analysis - whatever that means) miss the point - the market is a mathematically chaotic system underpinned by a fractal structure and does not submit to these typical misgivings (apprehensions, fears, confusion, etc) typical of these types. Happy trading. The Crow (-_-)

Ignored

VERY well put. The 1.15 level mattered. Don't fear weekly or even monthly charts - they won't kill you.