EURUSD only

Will this EURUSD ever break up or down out of this long range on a daily...

Ata, I am going in.....

Buy @ market :1.12925
SL : 30pips ( risking profits from previous trade)
TP: 60pips

Let's see R:R 2 to 1

watching the same thing

Good luck.. fire in the hole..

Stay Green

Now, we have to go back down, bounce from Green LWMA line and the sky will clear.

Take one more dive to 1.125 or lower to trap all bears then go up

Not enough evidence for that yet.

- Fundamentals still favor a stronger USD. US sales dropped for a month...Euro weakness is based on a weak economy i.e. something that's more than just a month's sales data and something that has been persisting for a while

- Bullish momentum hasn't continued beyond the few minutes following the release of the news. If it was indeed a strong bullish move, we could have seen more movement by now since this currency pair is capable of such movements.

- 1.1300 is a REGION (and not a specific level) that's being tested for the last 6 months and is defying many expectations. It's been a VERY strong support and there's no reason to say it can't be just as strong as a resistance. The last 6 months has been quite a long-lasting range-periods in the pair's history.

- Daily candles for the previous 3 days suggested more of a bearish drive than bullish.

- The volumes last week were much lower than those of an average week. This week's volumes (and particularly today's) are lower, suggesting that traders are in a mood to wait and watch the big boys and banks. During all of today the volumes have ONLY spiked when there's some significant data being released - no general theme to drive the market one way or the other like a well-pronounced recession here or a major credit crisis there, just a couple of numbers that couldn't change the direction of the market on a more active trend.

It could very well be a bull's market today, just the signals right now are all over the place. I'm not great with 5-min charts so maybe someone can confidently make 5-10 pip trades, but if you're looking for anything meatier, I think it's too early to tell.

Thanks... No risk no gain..
30pips willing to risk it for a 60pips gain...

Thanks again ...cheers
Let's go....

Still one more low possible to me! We need to break 1.1341 and hold

Thanks. I can't seem to locate the index on the web-app, though. Isn't it USDX?

DXY

Thanks, but I'm not looking for an RSI indicator. I'm looking for a way to chart US Dollar Index since I can't see it in the quotes my broker offers on MT4.

We need some real impactful news like Powell in a fistfight with trump over monetary policy

Thank you!

I beg to differ on this.
EUR may need more room to catch up on the slowing down economy but sentiments signaling a weak data in the Eur zone has already been priced in significantly since last week. Not forgetting the Brexit issue which has been delayed, and yet we still see prices going down. Meantime, if EUR does drive stimulus based on their new talks that opened on early this week with good news, EUR/USD can go back to initial levels of 1.14 range again. Also with the impending Brexit talks to come.

Whereas for the USD, it has been driving upwards since the past week because of data that does not stand on firm ground. i.e. the trade-war issue delayed and also trump temporarily accepting the deal on the wall to prevent a shutdown in the government. Along with expected stable inflation and growth to be good all around as compared to the peers of EUR. Today's weak data may be the start of confirming the weak data next week that will signal the false front the Fed's been painting on the stable growth.

Until all these are solved, we should expect EUR/USD to range 1.121 - 1.330 over the next weeks with a bearish-bias. I do agree on the support/resistance of 1.1300, but that's just the buyers and sellers negotiating the market until fundamentals kick in again.
imho, the main difference of both the US and EUR economies will be on the closing in over these disparities in sentiments of their economy, which in the long term will still drive Eur/Usd into 1.17-1.18 range.

atm, long at 1.1283 and 1.1295. TP 1.13100

EU + DX 15M

EU

ok, so now i am totally lost.... what now????

Choose any direction and go. Target 5 pips at a time

get ready