EURUSD

Hi Free,

You change your outlook over the weekend? You no longer short? Or did I misread?

Whichever way this pair decides to go, I hope we are all on the right side...be it Long or Short!

shorts closed sir for a measly +4. now long over a longer timeframe. yourself?

I'm short from 3465 since yesterday TP at 25, was supposed to be a "day trade" which has taken a bit longer than I had expected. I mostly day trade while waiting for longer term trades

It appears I am in for the News release in 20 minutes..... S/3465

Hi traders,
from G7 trading system,
An amazingly small 35 pip range yesterday did little to change the analysis, and hopefully serves as a continuation of the rally: A bullish week last week after the previous week's "spike low" from support, and now I'm holding up around 1.3470 rather nicely.
I need to break through tough resistance at 1.3500 early this week and then on towards 1.3550.
Todays suggestion:
Continue to look to buy into dips this week whilst above 1.3360, with key support at the weekly low near 1.3370.

all out for now, will look for another later

what next tricky / not a cue ?

Hi.
Maybe possible a stop for the EU the interest rates.

Today Jean-Claude Juncker (European Parliament) said the inflation is under control, and the economy growth is strong.
Is this a message for the ECB board ?

Waiting to go LONG if the price 'closes' above 1.3476.

Hi traders,
Now, whilst above 1.2900 (1.2800 max), the Euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100.
Continue to look to buy into dips this week whilst above 1.3360, with key support at the weekly low near 1.3370.

I will short EU @ 1.3500

Below is taken from dailyFX, writer Aragornking has tabled an interesting view, lets discuss this. This sounds so true, no matter how much the chinese govt tried to stop their community from overinvesting, the current stock craze is reminiscent of the 30s where trash is gold in the US. Any one with a counter view? Do you think this is a real huge bubble in the making?

not trading, however all my monies 90% in euros and bullions.

the weak dollar is fueling the dj, s&p, nasdaq, records high. quite meaningless for foreigners. you monies do not grow much. take on currency risk for stretched returns.

only benefit the US domestics investors, i.e. the rest of the world are funding this rally.

everybody is happy, good move by Hank. with Snow around, market would have crashed.

in fact, no smarter way to demolish the communist then by using capatalist means. shoot the china equities to the moon, and then plunge to bankrupt the man on the streets. widespread dissent, from china
to vietnam. then fall the butcher of beijing, and rise the democracies in asia. North Korea should go when china communist fall. possibly the russians.

this would herald a new decade for US, demolish the communist without firing a single bullet.

USD should cross below 80 soon, with DJ heading towards 13500. Euros possibly into 1.4000.

all the spike high in DJ, nasdaq happens before market closes. biggies wanna lead our frens in asia on and on to the moon.

having said this, it is no harm following since the biggies are paying for the trip.

Taking a short at 1.3473 with TP at 1.3443

Position reached profit....flat for +30 pips profit

i dont work e/u
but have a report, see

EUR/USD

Daily Pivots: (S1) 1.3424; (P) 1.3441; (R1) 1.3467; More
EUR/USD continues to engage in choppy sideway trading below 1.3481. Outlook remains unchanged. Break of 1.3481 high will indicate rebound from 1.3262 has resumed for next upside target of resistance zone at 1.3553 and 100% projection of 1.3262 to 1.3436 from 1.3371 at 1.3545. However, risk on extending the consolidations remains as long as EUR/USD stays below 1.3481. Another dip to 1.3414 support again cannot be ruled out. But downside should be contained by 1.3371 cluster support (50% retracement of 1.3262 to 1.3478 at 1.3370) and bring another rally
In the bigger picture, last week's strong rebound has dampened the original bearish view, in particular with GBP/USD's break of 1.9968, which corresponds to EUR/USD's 1.3553, indicates some more dollar weakness should be seen in the short term. Note that with medium term rising channel remains intact, sustained break of 1.3553 will indicate fall from 1.3681 has completed and is merely a correction in the medium term up trend only, considering that it just met 100% projection of 1.3681 to 1.3391 from 1.3553 at 1.3263 with a 3 wave fall. A retest of 1.3681 would then be seen and the rebound from 1.3262 could extend further towards 61.8% projection of 1.2865 to 1.1.3681 from 1.3262 at 1.3766. But focus will remain on reversal signal as even in such case, the up trend from 1.1639 is still expected to conclude between 1.3668 and 1.3822.
On the downside, break of 1.3371 will indicate the rebound from 1.3262 should have completed and put the immediate bearish scenarios back into focus. That is, rise from 1.2483 has completed at 1.3681, with bearish divergence condition in daily MACD and RSI. As discussed before, whole medium term up trend from 1.1639 is interpreted as having first move completed with three waves up to 1.2978, subsequent sideway consolidation completed at 1.2483. Rise from 1.2483, which is trended as resumption of up trend from 1.1639, is expected to terminate between 1.3668 and 100% projection of 1.1639 to 1.2978 from 1.2483 at 1.3822. With EUR/USD has already touched this resistance zone back in April, it's also likely that the whole up trend from 1.1639 has completed at 1.3681 too. Focus will then be on medium term rising channel support (now at 1.3118) and next key cluster support at 1.3070 (50% retracement of 1.2483 to 1.3681 at 1.3082, 55 weeks EMA at 1.3078). Sustained break of this support zone will confirm that whole up trend from 1.1639 has ended and turn medium term outlook bearish.

1.3480 is now a major resistance point in EUR/USD

I'm not good either at E/U but is 1.3435 is a good entry for LONG?

NO....best to stay flat ahead of Fridays News.....also, dailys are slightly negative.....if no news where on the table, 3390 would be a good spot if you are a longer term trader, or short 3470 area....3435 right in the middle. Best to sit tight/Flat.

same here. Looking for a good trade down to 390ish
think we have a likely swing failure...futher selling will make a bearish bar on weekly, probable down trend continuation.

We should see a break of this trendline soon (if it breaks, that is). Hopefully later today will tell...