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-   -   EURUSD (https://www.forexfactory.com/showthread.php?t=10372)

Gleneagles Jan 26, 2011 10:53am | Post# 373021

Agree ... been doing the 12 pip TP this morning off the M5 chart, all shorts and so far +48 (4x12)

Out until after FOMC

Good trading , you are picking up the patterns very well!

lev1987 Jan 26, 2011 10:53am | Post# 373022

i could be wrong, as our beloved pair has been behaving strangely this week, but I would be cautious with longs, duh... probably most here think so.
it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?

T@rantula Jan 26, 2011 10:55am | Post# 373023

entered short at 3698..sl 13 pips.. target.. 3679 first
Be careful thou. My charts show me a possible upward movement above 3715. It depends of this candle close.

tt_danu Jan 26, 2011 10:56am | Post# 373024

it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?
just people making money my friend.....
a drop must have reason , and bigger the reason bigger the drop...it's the start of the year so signing export contracts are important, cashing them later means a stronger usd

Shah22 Jan 26, 2011 10:56am | Post# 373025

Be careful thou. My charts show me a possible upward movement above 3715. It depends of this candle close.
Very careful here

AllyB Jan 26, 2011 10:57am | Post# 373026

Good trading , you are picking up the patterns very well!
Thanks

FibbinArchie Jan 26, 2011 10:57am | Post# 373027

it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?
you are kidding right?

buonvangvn Jan 26, 2011 10:57am | Post# 373028

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kill56 Jan 26, 2011 10:57am | Post# 373029

sh eur
 
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it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?

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Theroadto1bi Jan 26, 2011 10:58am | Post# 373030

it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?
Ditto, we may see a big move after fomc tho, obvious that big funds are keeping the dollar down against the frank and the euro up against the dollar, both charts run hand in hand and amazingly the dollar index fall sharply 15 after not good but great US economic news

Shah22 Jan 26, 2011 10:58am | Post# 373031

out at 3683

attila Jan 26, 2011 11:00am | Post# 373032

scalping the 3 minutes here. gl all.

T@rantula Jan 26, 2011 11:02am | Post# 373033

it may sound crazy but I think some big funds or goverments want the EURO strong right now, it's trading against the US news which is a new thing for the EURUSD... there was a strong knot between good US news and a strong USD.

Anyone else noticed that? perhaps someone more expirienced can give an explanation?
Here is an easy explanation for all newbie traders concerning news.

News is usually old news so dont be concerned too much. NFP, stress tests, GDP, bank rates excused.

Now...

Why EUR goes up when USD news is good? Thats because money is invested into stocks and papers and that means less cash flow in the market. Less liquidity = bad for currency, good for stock market.

Here.

T@rantula Jan 26, 2011 11:04am | Post# 373034

Very careful here
U got ur tp.

Good scalps.

T@rantula Jan 26, 2011 11:06am | Post# 373035

EU NY
 
Well for those longs. Im not trading now. Just a possible outcome.

As long as 3640 stands firm EU can test 3735.

If someone is long 3635 should be their S/L.

Shah22 Jan 26, 2011 11:08am | Post# 373036

U got ur tp.

Good scalps.
Thanks

lev1987 Jan 26, 2011 11:13am | Post# 373037

Here.
I don't agree, when the news in the US are good, logic tells you people from abroad will feel safe buying USD by selling EUR and other currencies, which makes the USD stronger. speculators mainly affect the pair in the short term as they seek profit.. what makes the bias change is strong fundemental data.
aren't you agree?

Shah22 Jan 26, 2011 11:14am | Post# 373038

15m resistances are now held on 3705 and 3714 while the supports below at 3677 and 3663..

buonvangvn Jan 26, 2011 11:15am | Post# 373039

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FibbinArchie Jan 26, 2011 11:15am | Post# 373040

I don't agree, when the news in the US are good, logic tells you people from abroad will feel safe buying USD by buying EUR and other currencies, which makes the USD stronger. speculators mainly affect the pair in the short term as they seek profit.. what makes the bias change is strong fundemental data.
aren't you agree?
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