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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
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EURUSD

Quoting MTF Test
EUR/USD: Market Suggests U.S Bad News Factored, We Have Doubts. London, July 30. Seems like we have been here so many times before you think the market would learn. There is clearly an air of optimism over the Dollar"s fate following yesterday"s rebound in U.S consumer confidence and the resulting rally in U.S stocks and all of a sudden the bad news emanating from the States has been fully factored. Granted the stars appear to be better aligned with oil coming clear off its record highs and fresh associated optimism over inflation. However, nobody wants to be the last to trade into a more sustained Dollar recovery and as such the positive vibes are now reverberating around the broader market to the point where potential bad news is being discounted. Note we still have U.S GDP and the labour report to come this week and the banking world remains as fragile as ever.
EUR/USD sank to 1.5555 last session having peaked at 1.5770 the day before. Early Wednesday price action suggests the market is not totally convinced of the Dollar"s newfound popularity and that Tuesday"s performance might bring a bout of consolidation at best or even a tentative recovery in the EUR today. We see risk of a gradual climb back to the 100-day MA line, today at 1.5665, but favour consolidation between 1.5560 and 1.5620.
do you have a link to where you found this?
thanks
i think the eur would move high by 9.00gmt after eur central bank chiefs speech on interest rate and i think it would boost the eur up to 1.5650.

im i write?
1.6 will be back no doubt about it.
Gravity always wins
EUR/USD gave "Overly Bullish" signal yesterday 0.18, right after "Overly Bearish" 11.7 Put/Call reading on 07/28/08: Options traders have been united on the directional decisions for the past two days..
AUD/USD CONTINUED WITH STRONG BEARISH SENTIMENT FOR THE THIRD DAY IN A ROW (1.52). OPTIONS FOLKS CONTINUED TO BET ON THE AUSSIES FALL!
However, Gold and Oil are currently Oversold, ready for the rally!
US Yield Curve Sentiment signaled -0.75%, Bullish for USD (Curve Flattened).
Quoting finian204rea
i think the eur would move high by 9.00gmt after eur central bank chiefs speech on interest rate and i think it would boost the eur up to 1.5650.

im i write?
If we get a hawkish speech we might see more then 1.5650, by the way, are they planned to give a speech today??
I'm long again, will trail my stop and minimize risk because of the two main news from US.
Quoting finian204rea
i think the eur would move high by 9.00gmt after eur central bank chiefs speech on interest rate and i think it would boost the eur up to 1.5650.

im i write?
As far as I am aware there is no speech today, please share your source on this, we have EUR Consumer Confidence release at 9.00 (GMT)

Cheers
BUY under 1,5615
Target min..1,5665....
Morning..as expected a small retrace so far towards "comfort level" at 1.560, dont ask me why EUR always seems to try to find round numbers to stabilize on...

Today is a bit tricky, EUR consumer confidence news might spike it lower to max 1.556 or on positive news an attempt to reach daily pivot at 1.563.

DAX recovered, but is slowly dropping in the European session
Oil still low at 122.5, no signs of recovery
DJI seems to have regained confidence again and should proceed upwards today after opening bell

I expect no large movements till both US news items (NFP & Oil Inv) been released today

If positive ( I do agree 1.556 - 1.550 has very strong LTL's) the attempt will be made to break them in order to seek targets below 1.550

My forecast today:

Overall I'm still Bearish but on alert for a market sentiment switch after US News release.

Rangebound between 1.556 & 1.563 depending on EUR news
If market sentiment stays in place and US News is positive we might see another drop today testing lower 1.55 levels, possible entering 1.54.
Retrace scenario on negative news could see upwards break of 1.563

As always..Just my 2 cents...
Shorts take care

JP Morgan Analysts sees additional writedowns for some European banks:

UBS additional CHF8.4B writedown

DB additional €5.6B writedown

SG additional €3.0B writedown
Quoting JgrB
Shorts take care

JP Morgan Analysts sees additional writedowns for some European banks:

UBS additional CHF8.4B writedown

DB additional €5.6B writedown

SG additional €3.0B writedown
... but on the other hand:

Euro-Zone Jul Consumer Confidence Consensus -18. Consumer Confidence -20. Previous Jun -17.
Came right back up and seems to go higher, looks good.
On the path to Enrichment.
Quoting Shadowfx
Morning... As always..Just my 2 cents...
Nice post Shadow... is it any wonder why you have so many dedicated followers to your postings?! Very helpful.
Quoting txfx
Nice post Shadow... is it any wonder why you have so many dedicated followers to your postings?! Very helpful.
Thank you

Update:

Eur News hardly any impact...but...DAX drops further..IMO rangebound has just become more narrow till US Open, float around 1.560 level
Further retrace attempt maybe to reach 1.563 for the scalpers..but if DAX keeps dropping we wont get there...

Just my 2 cents...
Quoting fatguy
BUY under 1,5615
Target min..1,5665....
how sure are you of this trade?
Considering the uptrend slowed down, I'm a bit less certain of the uptrend now. Nevertheless I have profit locked in from yesterday's lows except EJ but still overall profit and if it crushes down then 5540-5530 will probably be the low and a great buying area.
On the path to Enrichment.
ok, I'm out of all trades with small profit. I wouldn't be surprised if EU and GU make a new low now, though not anough to trade it. It should though provide great buying points.
On the path to Enrichment.
My longs are closed. I have tried to get back in the trend for the past week and the $ has been getting stronger and stronger.
I'm short now, just following price action, I still believe we will see the uptrend again, but I'm now trading just what the charts are showing me and not what I think. I will trail my stop closely.
Decided to take just a small short as well, 20 pip sl right above 56 30 pip tp. Starting to look bad though.
On the path to Enrichment.
Quoting JgrB
... but on the other hand:

Euro-Zone Jul Consumer Confidence Consensus -18. Consumer Confidence -20. Previous Jun -17.
does this make the eu to go down or up?
Quoting Jurrasic
Decided to take just a small short as well, 20 pip sl right above 56 30 pip tp. Starting to look bad though.
IMO...there is "room" to play for scalpers between 1.558 & 1.561 (L Short Term TL & H Short Term TL) till US Open and News to come later, nice wedge to scalp within.

Just my 2 cents...
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