Welcome to "EURUSD Only"
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But luckily we have many places on the internet where we can share and collaborate such ideas and this thread has been created to become one of them, but with one big difference: "GOOD WILL", "PEACE", "KINDNESS", "COLLABORATION", "SHARING & CARING", "FAMILY", "SUPPORTING", "RESPECT" are the major characteristics what is supposed to define this thread.
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Looking from the bright side, besides trading related topics, all members are free to:
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Good idea and seems promising.
I'll drop by sometime.
Idea buy 1.1940-10 which is above trendline or channel.
SL I'm not sure of..... Depends on news etc. 1.1890...?
TP high like 1.2090.
My long term is 1.2450 to 2600
Like it! eU thread is full of GU,UJ posts which is Ok as correlations can be important.But the initiative is good!
And Not-KPMG, thanks for your idea (and a bonus thanks for being also the very first on this thread who shared an idea). I too want to see if candles on hourly chart can stay above 1.1860/90. After market opening I expect a retest towards that zone. The hourly looks temporarily bearish to me. I will be able to speak more after some analysis which I plan to finish on Sunday night. Until then stay blessed all.
The friday move was completely related to the POUND and BOE rate hike expectations. These events put all the currency pairs to move up to get the pound value higher. If you look at it carefully the EURUSD didnt move anywhere the whole week. It was trading around the same 1.1940 for a whole week. Moved up and down. there was some very good data from the US last week which will ultimately support the inflation and wages. Fed and ECB minuted going to have high impact on the dollar bulls. ECB minutes will show the high concern by the officials over the steep appreciation of EURO. This will put the euro area inflation to lower pace.
This euro appreciation is very bad for germany since it is export economy. This will also impact other countries by lowering investments in the whole region. The euro need more high impactful data to go beyond 1.21. It'll most likely be by end of the year. We might see pullback up to 1.17. News from some big banks indicate the euro will move above 1.20 after the ecb tapering. It will be by the december.
What I am focused on is 1.2010... that level +-20 pips seems to be a major resistant price level that eventually will push price back down in coming months. I don't believe it will break soon. At least not with the first retest that is coming. Again will share more about this on Sunday, just wanted to add my view based on your thoughts. Many thanks..
OMG, just love your rules, the most "democratic" thread!!!
Congratz for your new thread, Ata! (missed your absence, hope all well)
I hate FOMC weeks. I guess euro will range a little ahead Fed, dunno, not sure, I'll post more on Monday
Thanks Ata! This is very nice.
Hi everyone, Nice rules Ata.
Looking at Eur/usd H1 Chart the pair is head for 1.2050+ ahead for the FOMC on Wednesday.
Since ECB do not want it to go above 1.2100 in the short term (or that is what I think giving the timely intervention after Non-farm) I see 1.1750 after FOMC.
Green pips to all
was machst Du nur: Startest am ersten Tag des Oktoberfests (an dem es auch in Berlin das erste Hacker-Pschorr Märzen gibt) einen neuen Thread?!?
if there´s one to keep a place like this peace- and meaningful, it´s you. your rules for live calls fit my way of posting. subscribed.
all the best
My outlook for the coming week: I am considering Long entry near 1.1920, targeting 1.2150. I expect that eu will move up and make a new high on Wednesday, the 20th on the FOMC news. To me it does not look like 1.2096 is the final to of this uptrend, there was a reasonable pullback from there, I also believe that the cable shall pull the eu up.
go for it.
P.S.: And it's not me.. it's all of YOU my friends.. only working together we can turn this place into a productive environment.. all members of this fresh family matter to me.. each one of you will be embraced as an important piece of this thread.. welcome and enjoy the party!
Happy Weekends to All
I think you believe too that after market opening, price probably will retest lower levels first. From your chart I can see that whether it is your yellow TL or the red MA you too first will wait to see what will happen once/if price goes back to 1.1880 levels but you have the bias that it will bounce. I have similar bias. I just want to add that before price drops down the 1.1970 level might get hit quickly to kill/hunt some stops before going lower. Wishing the best on your approach.
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