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  • #7,361
  • Dec 22, 2017 1:49am Dec 22, 2017 1:49am
hello there, i thunk 1.19 is strong rsistence after closing the gap . there isa short pattern there i think
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Click to Enlarge Name: יורו דולר.png Size: 33 KB
yes yes yes
  • #7,362
  • Dec 22, 2017 1:49am Dec 22, 2017 1:49am
so short 1.1855 to take about 20pips, just my point of view
  • #7,363
  • Edited 9:07am Dec 22, 2017 2:09am | Edited 9:07am
Quoting Profitonly
Can anyone tell me why the USD tanked after a hike? Isn't the opposite supposed to happen? Sure they have not been hitting their 2% target but the GDP growth is solid and feel trying to use inflation in isolation as a gauge of economic health. Why the huge sell off? I'm really confused
It's a common "priced in" situation. Professional institutional traders rolling big liquidity don't react to a common data release. Market is shaken only by fundamental indicators and political news which brings surprises and real new statements, new economical projections and new data. The hike was no surprise, just common well known numbers.

Quoting mihai1986
{quote} it just did not added strenght to usd. i guess not everyone thinks is a good bill. and maybe needs to see some results first
It looks like the euro bulls gained back half of their loses after the Catalan vote. But they are losing strength.
US tax vote continues and prolly will add flavor to the chart later. GL!
Member
  • #7,364
  • Dec 22, 2017 3:04am Dec 22, 2017 3:04am
Dips are still defended...i'll keep buying them until sellers take over the game
COT: The precious data ignored
  • #7,365
  • Dec 22, 2017 3:22am Dec 22, 2017 3:22am
I am planning to wait until 1.1873 is touched and then will try to look for sell setup..

Stay Green
Focus only on what truly matters!
  • #7,366
  • Dec 22, 2017 4:25am Dec 22, 2017 4:25am
not that much movement today. excepting the drop from last night after the catalan vote.
maybe we will see something at US open, maybe not it is friday before christmas, so i would not expect too much movement.

TO ALL THOSE ON THIS THREAD, HAPPY HOLIDAYS
MAKE IT RAIN
  • #7,367
  • Dec 22, 2017 4:37am Dec 22, 2017 4:37am
Quoting Ata-Turkoglu
I am planning to wait until 1.1873 is touched and then will try to look for sell setup.. Stay Green
If it comes to that lvl mate
  • #7,368
  • Dec 22, 2017 5:11am Dec 22, 2017 5:11am
Attached File(s)
File Type: pdf EUR USD - Daily Technical Analysis Report - Dec 21 2017.pdf   814 KB | 333 downloads
  • #7,369
  • Dec 22, 2017 5:17am Dec 22, 2017 5:17am
Quoting kuroro001
Dips are still defended...i'll keep buying them until sellers take over the game
good stuff
  • #7,370
  • Dec 22, 2017 5:21am Dec 22, 2017 5:21am
Quoting Profitonly
Can anyone tell me why the USD tanked after a hike? Isn't the opposite supposed to happen? Sure they have not been hitting their 2% target but the GDP growth is solid and feel trying to use inflation in isolation as a gauge of economic health. Why the huge sell off? I'm really confused
Yeah, I kind of fell for that one too (been shorting EUR/USD since Dec.14). This rate hike was expected so most institutional players already priced that in, what was unexpected was that it came one the heels of the PPI and CPI reports which showed that inflation was low. This is uncharacteristic since GDP and manufacturing was up.

Essentially, investors were looking at whether or not the Fed would be able to hike interest rates in the next couple of quarters, with inflation being that low most big investors took the view of it being doubtful that any significant rate hike could occur in the near future.

Traditionally you are right when the interest rate goes up so does the currency, there were just other macro economic factors at play that outweighed the long anticipated rate hike.

So the drop in the USD was not so much to do with this rate hike, but the doubtfulness of future substantial rate hikes.
  • #7,371
  • Dec 22, 2017 5:26am Dec 22, 2017 5:26am
Marking 1.1853.... while below no buying..

Stay Green
Focus only on what truly matters!
  • #7,372
  • Dec 22, 2017 7:28am Dec 22, 2017 7:28am
As one of you mentioned here in previous days: Let the NY Christmas shopping begin in 3 minutes

Stay Green
Focus only on what truly matters!
  • #7,373
  • Dec 22, 2017 7:46am Dec 22, 2017 7:46am
or big sale
  • #7,374
  • Dec 22, 2017 7:47am Dec 22, 2017 7:47am
Seems big boys are already in Christmas mode
The Phoenix Trader....
  • #7,375
  • Dec 22, 2017 8:08am Dec 22, 2017 8:08am
Quoting sunilpawar
Seems big boys are already in Christmas mode


What a sorry bunch we are

  • #7,376
  • Dec 22, 2017 8:43am Dec 22, 2017 8:43am
it will probably test 1.19
Don't Worry Be Happy
  • #7,377
  • Dec 22, 2017 8:48am Dec 22, 2017 8:48am
Quoting MrPresident
it will probably test 1.19
?????
How ?
  • #7,378
  • Dec 22, 2017 8:49am Dec 22, 2017 8:49am
Quoting MrPresident
it will probably test 1.19
next week yea, today; i don't think so.
  • #7,379
  • Dec 22, 2017 8:51am Dec 22, 2017 8:51am
Quoting MrPresident
it will probably test 1.19
I don't think so . Dollar Index closed yesterday Gap at 92.840 and seems to be recovering upwards, EURUSD has already built a series of highs and lows descending on the hourly graph
yes yes yes
  • #7,380
  • Dec 22, 2017 8:55am Dec 22, 2017 8:55am
Quoting christid
{quote} ????? How ?
because it didn't break the 20-day average and it won't get below 1.184 decisively
Don't Worry Be Happy
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