EURUSD

Sell 1.1594 SL 1.1620

SOLD 1.1610 SL 1.1620

[quote=Isabella_D;11161519]Posted pic EURUSD H4 ... Sudden spikes make bring forth substantial, currently within the government, internal problems related to the management of foreign immigration. ...

please be carefully, on Monday are some dates of the government and the she Chancellor Merkel.
Since the election in 2017,3 parties have been governing Germany since 2018. These are party composite CDU (Merkel) and CSU (Minister Interior Seehofer) and SPD.
It is in an inner party dispute CDU in conjunction with the CSU to questions regarding the handling of Germany with asylum seekers. In extreme cases, which I do not expect, the dispute can lead to new elections.

Fast 1.1470 are not outside of any imagination.

https://www.zerohedge.com/news/2018-...nment-collapse

The Euro suffered its worst week since a while. I think we can expect more to the downside if it breaks below 1.1550.

Knew it.

Good call. Hope you had a good trade.

KP

One way hints, get on!

https://forexfore.blog/2018/06/15/on...icket-to-ride/

Silly question -but the volume number on Forex MT4 etc; does it depict standard lot? It sometimes like few 1000s in a Minute!
Thanks
Nif

soaking silly....

there was a rejection & breakthrough candle / crush apparently but still not enough for reject the spike theory ( if not already done at the top) in the medium term bear to continue & for actually big bull /reversal to come lately . anyway I left 1 long to set be next open ( & not joined the favourite bear to be left for many months & sit comfort yet ) or so as no time to watch for Our Eid festival , sl placed though . anyway Eid Mubarak to everybody .Take care , fontu

so checking the usdx now & before charts , actually nothing apparently changed great yet just , little ups & down to divert attention , spike should still work before smooth run & all comfort.

buy on Monday EURUSD long
pending long @1.1620 tp1.1720
pending long @1.1620 tp1.1750
SL 1.1580


The party quarrel in Germany (CDU/CSU) seems to be weakening (but still latent),
so that a gradual European solution vs. national isolated solution to the migration movement can be started (in very small steps).
The pistol is loaded, there is no shot https://www.fernsehserien.de/pressec...ermine/phoenix

Thank you all for your trading opinions and good luck for the next week.

Don't use it, but allow me to give an arrogant answer. There is nothing more useless than Volume in the spot market. They often are completely arbitrary and depend on the broker.

Futures are a little different though, best get volume information from a future exchange.

Are you tracking the EURUSD this week? Here's a top-down technical perspective yu may consider.

On the daily time frame, recent price action has been in a consolidation mode. A big bearish candlestick was printed last week Thursday which erased much of the bullish move since May 30, 2018. This suggests a strong bearish intent. However, bulls pushed back price action last Friday to restrain further southward move. But judging from the indecision-nature of the candlestick printed, it was apparent that bulls made a rather feeble attempt. We may expect prive action to retest the outer ascending trendline (chocolate), or the 1.16640 area, before clarity of market direction. A role flip of the trendline (chocolate) as resistance is likely to provide impetus for a bearish momentum. However, bears will have to first scale the minor horizontal support around the 1.15310 area.

In the context of a consolidating market, price action on the H4 time frame is currently bearing northward and respecting an emerging, minor ascending trendline (magenta). However, the candlesticks printed are primarily insignificant in bullish potency compared to the bearish candlesticks preceding them. Thus, we may see a break down of the trendline sooner than later. Such a breakdown is likely to see bears move price action towards the 1.15300 handle.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Attached Image (click to enlarge)

I am long since Fri. and will get Longer at 1.16 12 ON STOP [ Now 16.01...]

Have a good week all, crew.

https://sputniknews.com/europe/20180...mit-migration/

Finally. She's the person who bought the agenda more than anyone else and if she's changing, B R A V O and good news for the Euro instead of death to Europe.

I think a woman would find it easier to admit she is wrong then some men in positions of power in the EU might.

Longed again at 15.94 instead of 16.12 few min. ago . now=15.95

Have a good week crew.

Eur/Usd starts the week with a small gap down in H4 chart, consolidation seems to continue, downside capped limit.

It is a good moment to take another look at the Fed and ECB decisions of last week. The most obvious outcome was the significant and persistent EURUSD weakness starting nearly immediately after the release of the ECB statement. However, it would be wrong to describe this movement as simple EUR weakness. Against SEK and NOK as well as against the CEE3 currencies the European single currency has since appreciated, while it eased only marginally against the Swiss franc. As a result our currency indices are not displaying any genuine EUR weakness. According to this metric, the EURUSD movement is seen as sudden USD strength. In other words: yes, the ECB communication made it clear that this central bank is in no rush to hike rates in the foreseeable future. However, for many other central banks who de facto follow the ECB (Riksbank, SNB etc.) that means there is no light at the end of the low interest rate tunnel either. And on the other hand it illustrates even more clearly how unique the Fed’s situation is, as it is in the process of returning to a normal monetary policy and is thus light years ahead of the other central banks. The market was wrong to ignore the FOMC signals of Wednesday. The market reaction that our currency indices are measuring makes sense from a fundamental point of view.

At present, the government crisis in Berlin is not an issue for the FX market. What gives me that idea? A factor of this nature should lead to euro-idiosyncratic weakness – but we are not seeing that (see above). The only question is: under which circumstances would the crisis become relevant for the EUR exchange rates? Political experts are telling me that things have never been as tight as this for Chancellor Angela Merkel. If Merkel were to step down that would very much be market relevant. Even if she was repeatedly criticised, even hated, in some peripheral countries for her crisis management policies she was nonetheless a decisive architect of the policies designed to successfully fight the crisis. If the Chancellor were to step down concerns about a rise of euro sceptical forces in Germany might quickly become an issue for the market. However, it is understandable why the FX market is ignoring the crisis in Berlin.
• Such an extreme scenario is unlikely – the political observers agree on that too.
• And it is also true that anything that affects the crisis sentiment in the euro zone only has a very reduced effect on EUR exchange rates. Even during the worst times of the euro zone crisis EUR-USD was trading only a few cents lower than without the euro zone crisis – analysts always agreed on that.

Think we will visit at least 38% fibo before new lows.