EURUSD

Maybe i closed to soon.

Its a beast that euro dollar.

If we get a spike i short it again.

It finally touched 1.1680. Hopefully that was the last run-up. As long as this level holds, we should see a selloff "soon". I don't know exactly when but it'll happen eventually.

If we go above that level,not shorting.

But i think its a nice place to short going to NFP tommorow.

Edit let short this pair.

EURUSD - high odds of taking out last week lows in the next 3 to 4 trading sessions - going short at 1.1630 - 1.1710 is a high odds play

President Trump Announces the Chair of the Board of Governors of the Federal Reserve System Nominee - live in 10 min...

really boring week for EURUSD
lets hope tonight there will be some excitement during NFP

The EURUSD is still stuck between the 1.1600 level and the 1.1700 level, but it may try to fall further if the NFP numbers come out better than expected.

I agree with you its horrible week for EURUSD i just shifted from trading in stocks to forex thinking that i will be able to trade well in forex epecially EURUSD I had studied historic movements and analysis that EURUSD is the only stable forex pair in comparasion to other pairs but in this week its was quit confusing & to see the movements of EURUSD but at the same time i learned something from this weeks movements .....

morning to all of you. i'm a starter in the Forex game so if what im going to say is wrong please do correct me.
for the eur/usd pair, the D1 trend is going down. and the 2 parts of resistance is at 1.7ish and another at slightly above 1.8.
btm support line is pretty low.
is there a chance for end of this week that eur/usd will touch 1.70? or should i be expecting a roller-coaster ride down to 1.1538?

all of your advice will be very much appreciated

EURUSD
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NOTES
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-Wave 4 could test the 50% retracement of wave 3 at 1.1705.
-Very crucial resistance at 1.1729.
-Market must stay below 1.1729 to keep the bear market healthy.
-Wave 5 target 1.1500-1.1450.

Attached Image (click to enlarge)

ADFC LINK

Good Morning!

Today's S/R levels on MT4 Templates

EURO
EURO PINK

https://www.forexfactory.com/showthr...6#post10456296

Morgan Stanley position is that USD momentum has eased and USD Index is topping out.

I think they need people to short so they can continue pushing USD Index up.

Options expire today 10.00am NY (14.00GMT):

EUR/USD: 1.1595-1.1600 (1.8BLN), 1.1670 (867M) and 1.1700 (950M)

1.1595 is near todays S2 classic pivot.

The price will probably play a level of 61.8, so now the forecast is more for the bears. But at the same time intuition tells me that the fall will be up to 50%

New EURUSD trading strategy since this pair is so manipulated. Trading opposite from now on, if high impact report reflects a weak dollar, going to trade as a strong dollar and vice versa.

I find your observation quite interesting. I'll give my two cents based on your observation. I been at this going for quite a few years and the money I lost I view as tuition in learning how the game works. This is my first year that most of my positions have closed in the green.

Anyway just wanted to give you what I observed over the years:
1. I don't know what you mean by stable but currency pairs are anything but that including EU. That said, most do think that the EU is the most stable. Valuations however, are based on perception of what the value should be. Since both currencies are fiat, the value can be whatever it wants to be. I wouldn't hesitate to position with any of the majors but I would avoid the exotics. Less risk.

2. Currency traders actually need a certain measure of chaos in the PA with the hopes of making money. Flatlining like it has been for the last couple of days is almost intolerable but that's what bank holidays and no news and end of the month stuff does. I don't follow fundamentals too much since I'm more of a long term or trend trader. Others, since they daytrade, follow the fundamentals religiously as they well should.

3. If you're new to forex, most people get a demo account--probably goes without saying. It's good for 3-6 months but then you need to get 'skin in the game'.

IMO they're all manipulated for certain portions of it each day. These ones are most similar in terms of manipulation.

The dollar went up despite the lower than expected Jobs report. Probably it will go below 1.15 next week.

If the release was contradictory today, how can it be considered reliable enough to be used next time? There might be a better chance of predicting up or down by using a random number generator. Choose between 0 and 1; zero would be up, one would be down.

Aside from that, releases only move the market a very small percentage of the time because for one thing, there are not that many releases that occur. It is technical analysis that moves the market because charts is what traders are using when there's no releases to adjust for. Almost every trader uses charts so if wanting to go with the flow, I'd forget that nonsense. X happened even though release was Y, is something I read all the time and I still wonder why people bother trying to interpret it.

The only thing I'd consider is that, there is a release today and adjust accordingly for the unpredictable movement it will cause. IMO.

I do not think anything significant will happen after this hour and consider this a lost battle for bull. Next several weeks we will be in bear zone and selling will be less stressful than buying.