EURUSD

It appears that many are uncomfortable with the euro at these levels.

Every one are probably waiting for Friday's US data especially NFE to determine the direction again. Forecast looks good for USD, especially if ECB no rate hike on Thursday which many are expecting. But who knows what would happen? Meanwhile eur/usd probably will continue to correct at least for a little bit, at least to 1.4120s I believe. Maybe will correct all the way to 1.4075 which is 23.6% of the uptrend from Aug 16.
Patience!!!

i think they are worried the euro is this high, but the french are as arrogant as they come, and they like feeling like kings again!!!! trichet is a perfect example. with the euro this high it will hurt their economy badly shortly since everything they make is much more expensive than last year and noone will be able to afford it or visit. a good rate is probably around 120, would be nice to see it do that in a day or two, but i know it won't, just hoping for that kind of move. i did like the little banter about us traders moving the market!! look at the gbp, it is starting to hesitate, probably fall in a big move due to the economy and the housing issues in the uk, it will spread to the mainland and they will see problems as well. patience gentlemen and ladies. this will all benefit us with volitility and that means pips for all ,and lots of them!!! that is what i want to see from this market, lots of movement. if they can't make up their minds, all the better for us. it may not be huge moves, but 70 pips a day would get me really excited!!!! 1 lot, 5 days=350 pips. nice part time job!! hey cesar, nice to see you again, hope all is well in rio!! summer time coming!! anyway, would like to continue to hear any ideas about direction. looks like we are in os condition, so it might be a little run up tonight.

I might just take and hold a short on eurusd, 3-6 months. I think she is going down long term, but then again I dont know jack. As for today, Looks like support at the 61.8, if it breaks below that....

short from 1.4144, still shorting

good play.

It is time to buy EU. Other majors GU and swiss also give the same signals.

See attached chart.

Anyone LONG? Is it gonna go North after the news release?

This is my first post to this thread.. Want to wish everyone happiness & good health all the way in your trading..

Hmm, back to business...

Today, I have spotted a very strong support at 1.4100.. The up trendline is still intact..

Anyone knows what cause the sharp spike to the downside??

It is a typical stoploss removel activity for EU longs. I personally dont use them except before very important data releases.

GBP seems strong and I expect EU will follow it and go north.

or GBP might drop too.

It will accelerate if gbp breaks 2.0405. Still long.

EURUSD
It may attempt a test higher to 1.4144 after which weakness may set it to a drift down to below 1.4087 limit.

GBPUSD
It should be subject to more sell off towards 2.03 or 2.0214. Corrective upward swings should face resistance around 2.0454 area. A break of 2.04835 is bullish.

I see a daily pin bar forming exactly at a 50% retrace from the last major rally back on the 18th of sept. Gbp/usd made a similar formation today as well.

short, should see a bounce of 1.4100 before the next leg down, hugh 30pip gap on my 15m

Agree, Im targeting 1.39

I see 1.3920 as the lowest point, just my view but i would hate you to miss a TP by a few pips.

Good fib at this point

Good chart, looks like short entry is coming up at 1.4100

So much for that thought, let[s see what happens through 1.4160