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  • #3,441
  • Jan 3, 2008 12:27am Jan 3, 2008 12:27am
i am still a bull's man for this pair.

1.4705 which is the London Session Pivot is important.

I am not ruling out a swing trade today as well since the market might be waiting for tomorrow's data after a speedy Monday and Wednesday.
  • #3,442
  • Jan 3, 2008 12:32am Jan 3, 2008 12:32am
I can't read this monster anymore...

it just sits around 1.4710...

Is this consolidation and calm before the storm tomorrow with the ADP non farm report?
  • #3,443
  • Jan 3, 2008 12:39am Jan 3, 2008 12:39am
This is starting to look pretty bad... are we to see 1.4650 just before the rise on U.S. news again today?
  • #3,444
  • Jan 3, 2008 12:44am Jan 3, 2008 12:44am
1.4686 should hold. if not 1.4668 and than 1.4647
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  • #3,445
  • Jan 3, 2008 3:08am Jan 3, 2008 3:08am
Got out at 1.4739, abandoning my original target of 1.4762... sometimes you should listen to your greed and not fear.
  • #3,446
  • Jan 3, 2008 3:46am Jan 3, 2008 3:46am
Im out at 1.4760...suprised to wake up and see this pop; I'll take it.

Adding a little to AUDUSD posi which was green last night but weakened somehow...20 pips in the red for now.
  • #3,447
  • Jan 3, 2008 3:57am Jan 3, 2008 3:57am
1.4765 was obvious when the pair started a bullish momentum... It is the london resistance for the day. I can not see it being broken before the American session though. I got out of my long at 1.4765 and waiting to enter again at a better signal.
  • #3,448
  • Jan 3, 2008 8:32am Jan 3, 2008 8:32am
Personally I believe that EUR/USD will increase drastically over the next day, because of the NFP and Unemployment rates. NFP is expected to be lower than the previous month, which means that less jobs are being created. If less jobs are created, it will make the USD less appealing, thus depreciating the value. Along with the NFP comes the Unemployment rate. Unemployment seems to have increased by .1% from last month, this may also be another indicator that the USD will weaken once more. what are your guys thoughts on tomorrows fundamental events???
"Don't work for your money, but let money work for you."
  • #3,449
  • Jan 3, 2008 8:51am Jan 3, 2008 8:51am
Quoting chady250
Personally I believe that EUR/USD will increase drastically over the next day, because of the NFP and Unemployment rates. NFP is expected to be lower than the previous month, which means that less jobs are being created. If less jobs are created, it will make the USD less appealing, thus depreciating the value. Along with the NFP comes the Unemployment rate. Unemployment seems to have increased by .1% from last month, this may also be another indicator that the USD will weaken once more. what are your guys thoughts on tomorrows fundamental events???
I feel the numbers no matter how grim will be somehow interpreted positively for the USD. I want to get long 1.4550.
  • #3,450
  • Jan 3, 2008 8:56am Jan 3, 2008 8:56am
Quoting TIckerShuffl
I feel the numbers no matter how grim will be somehow interpreted positively for the USD. I want to get long 1.4550.
That was funny how a negative ADP brings the Euro down. Oh well.
I think tomorrow's confirmation of a low employment number will send Euro up to test 1.50. I'm so confident in this that I entered at 1.4702 with my smallest trade size ever!
  • #3,451
  • Jan 3, 2008 9:03am Jan 3, 2008 9:03am
Drop baby, drop.
  • #3,452
  • Jan 3, 2008 9:49am Jan 3, 2008 9:49am
Strong resistance around 1.4750. Hahaha, will only go short if it gets rejected and my system shows me my trigger.
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  • #3,453
  • Jan 3, 2008 9:51am Jan 3, 2008 9:51am
Resistance is at 1.4775 levels..
If it crosses it.. it will move towards 1.4970 levels..

And it does looks like it will... Looks of indicators giving signal it will push up..
  • #3,454
  • Jan 3, 2008 9:57am Jan 3, 2008 9:57am
EUR/USD is going for 1.55 - to say the least. 1.50000 and above will be the new norm in a few weeks. Highly doubt we'll ever see the 1.3's again, IMHO, of course.
  • #3,455
  • Jan 3, 2008 11:26am Jan 3, 2008 11:26am
Quoting ashlee_17
EUR/USD is going for 1.55 - to say the least. 1.50000 and above will be the new norm in a few weeks. Highly doubt we'll ever see the 1.3's again, IMHO, of course.
I agree about 1.55. I disagree about staying up there for good. 1.50 is to Euro is 2.00 was to Cable.
Eventually, ECB will stop raising rates, or a US recession will be ruled out, or both. Euro will take a dive similar to what the Cable has done. AFTER WE CLEAR 1.50 THOUGH!
  • #3,456
  • Jan 4, 2008 10:36am Jan 4, 2008 10:36am
Break above 1.4800 looks very nice, but I really wish it could have stayed above the 1.4800 area instead of dropping below it. Short term uptrend support line is nearing 1.471ish area. And also a possible bull flag forming again in the one hour charts. My projections is to see this pair drop to 1.4700 and bounce higher into the 1.4750 area along with a possible push my other factors. What are your guys projections???
"Don't work for your money, but let money work for you."
  • #3,457
  • Jan 4, 2008 5:42pm Jan 4, 2008 5:42pm
I still do not see uptrend unless 1.5 is broken. USD strength in USD/CAD and GBPUSD is a warning for EURUSD longs. I am only trading EUR/GBP in last a few weeks, but also watching this one.
  • #3,458
  • Jan 5, 2008 1:45am Jan 5, 2008 1:45am
Quoting mry2001
I still do not see uptrend unless 1.5 is broken. USD strength in USD/CAD and GBPUSD is a warning for EURUSD longs. I am only trading EUR/GBP in last a few weeks, but also watching this one.
You do have a point their = ). I also noticed that USD/JPY also supports your theory. It is currently in a critical area, which is a very good support level. So if your theory is correct, then EUR/USD longs are being threatened. But we will have to see what will occur this following week.
"Don't work for your money, but let money work for you."
  • #3,459
  • Jan 5, 2008 1:56am Jan 5, 2008 1:56am
Quoting mry2001
USD strength in USD/CAD and GBPUSD is a warning for EURUSD longs. I am only trading EUR/GBP in last a few weeks, but also watching this one.
GU down is not dollar strength, it's GBP weakness. Check EURGBP.

Quoting mry2001
I still do not see uptrend unless 1.5 is broken.
Here's the uptrend. Including a text-book trend correction (fibos and H&S).
Attached Image
  • #3,460
  • Jan 5, 2008 10:53am Jan 5, 2008 10:53am
Quoting cesarnc
GU down is not dollar strength, it's GBP weakness. Check EURGBP.



Here's the uptrend. Including a text-book trend correction (fibos and H&S).
That a pretty cool chart going their. Do you think that we should at least hit that 1.5000 before another critical turning point? I really liked the idea that it breeched the 28% area on the fib lines. lol
"Don't work for your money, but let money work for you."
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