EURUSD

EURUSD Daily - Important Levels for Tomorrow

Those who are wise should study these levels with attention.

-Tomorrow 1.1340 might become the first important resistance level for bulls.
-Keep an eye on what price will do from now on at Daily Trend Pivot (red dashed line): Each day the pivot level will elevate by 8 pips.
-The sideways channel has not been broken yet (only pierced a little). 1.1317 is key for a confirmation of a breakout.
-If 1.1340 breaks the next target is 1.1383
-Support levels start nearest from 1.1288 but the main breakout level of a smaller channel sits at 1.1214 which still can be retested.
-For a bullish continuation price must stay above 1.1288 (in other words bulls are trying to climb back above the thickest red trendline which was the daily trend support line).
-The ultimate target could be limited with 1.1550 because of a potential AB=CD pattern.

These levels will be valid (with minor differences) for the whole week. Next week I will update.

Stay Green

They jeep shaking the tree .

Maybe will drop when leda shorts on

Sorry about that loss. I am sure you will recover

Glad we are on the same page Ata!

Monthly candle open at 1242 and already went higher high.
If the month will be closed below the opening price 1242, we will have doji monthly candle and hope that we will see a bearish candle for the following month!
So we just short with SL at 1335 for LL target !!!
If the monthly candle will be closed above 1242 and around 13xx, I think we will have a following month with ranging month and wait to see how its month ended so we will see it keeps going up or down.
That is what I am thinking

The suspense of yellen is exciting.

HAHAHAHAHAHAHAHAHA I am glad the "Greedy Bastard day inspired you"

What's is going on I think not bad... Pair is in buy I don't know why you people trade against trend...

1.3000 hasn't been broken since Nov 16. Recently posted a chart with a bearish bias which agrees with your short. PA needs to normalise back south.

It may re-test 1.1300 now as buyers seems to be smaller in numbers...

Told you guys Yellen speech will have no effect today. At this point I am now t sure where to buy. Any suggestions? Kidding.

Was that you who posted it?

Was IN from Bottom But Chickened OUT Early

Yellen is becoming more irrelevant every day. What a shame

going short ej 127.08 , badly OB needs a decent pull back

will consider the same for eu if 1335 holds

Cause it takes years of watching and learning and practicing and remembering. If you have strategy in place, everyday can be like today. It's in your head. Since January I counted 100 of similar moves. And there is another 6 month to go. Make plan trade accordingly. I know exactly how you feel. Been there more then once. Now it doesn't even bother me anymore. Good luck!

Dont expect Janet Yellen to signal retreat in London on Feds interest-rate strategy

By Jeffry Bartash
Published: June 27, 2017 7:51 a.m. ET

Federal Reserve Chairwoman Janet Yellen is unlikely to offer any hint the central bank is wavering on its strategy to raise U.S. interest rates when she makes the rounds in London this week.
Yellen and a majority of her colleagues indicated two weeks ago the central bank is still on track to raise the cost of borrowing once more in 2017. Theres little reason to signal a different coarse and put the central banks credibility on the line in an appearance Tuesday at a U.K. forum to evaluate the global economy.
She is unlikely to say anything new on the outlook for monetary policy so soon after the June Federal Open Market Committee meeting, said economist Andrew Hunter at Capital Economics.
The bank has already increased its benchmark fed funds rate twice this year to a range to between 1% and 1.25%. The Fed also plans to begin reducing the amount of private and public bonds it purchases as part of its effort to gradually raise interest rates. That process could get underway as early as September.

Read: American workers have done all they can do to grow the economy now its the turn of business
Yet since the last Fed meeting in mid-June at least three senior officials have suggested they are open to a pause in interest-rate increases because of low inflation. Price pressures have receded in large part owing to lower oil prices and a moderation in the cost of housing and health care.
The momentum generated by the U.S. economy in the early spring, meanwhile, also appears to have waned. The latest sign: falling orders for durable goods and a related flattening-out in business investment.

Read: Seattles $15 minimum wage may actually cost restaurant workers, study finds
Yellen and her closest allies on the Fed are not persuaded. They think the economy is on sturdier ground.
Earlier this month Yellen said she views the softer inflation readings as temporary. She believes the extremely low U.S. unemployment rate, now at 4.3%, is likely to nudge inflation higher since companies will have to increase pay to attract or retain workers. Waiting too long to raise rates could be even more dangerous.
Echoing Yellens views, San Francisco Fed President John Williams on Monday said, If we delay too long, the economy will eventually overheat, causing inflation or some other problem.

Yellen is expected to take questions at the London forum after she gives her report card on the global economy. If her views on the U.S. economy are the same as they were two weeks ago, economists say, investors should see it as confirmation that Yellen and the Fed are sticking to plan.
Amid a clear lack of consensus among senior Fed officials, Yellens comments may prove even more important for Fed watchers in terms of expectations for near-term rate hikes, said Lindsey Piegza, chief economist at Stifel Nicolaus & Co.
One wild card: Yellen recently raised the idea on whether the Fed should consider raising its inflation target above its 2% goal. She was noncommittal, but any sign shes more favorable could cause quite an uproar. Dont count on her raising such a ruckus in London, however.



SOURCE : Market Watch

Seems like there is no re-test but more short squeeze is coming as Yelen is unimportant blahblah talking.

hilmy83,
When are you going for the visit?
I'm in south Florida and would like to join you, if that can work.
-d

My View @ Price 1.14214 or Higher 1.14784 is Important Levels. Based Daily Chart.