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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

I am still in a short on the downtrend, momentum is slowing as price consolidates along the monthly pivot. I will be keeping a close eye on that trend line area too. Speaking of the monthly, it looks like we have hit a 132 fib and April may be a down month.
Quoting AlexeyN
I think, USD have some chances to correct vs Euro, but he lost ome of authority and central banks will try to find another currencies for investitions.
Gold is trading under 900, it's a signal, that eu will go back to 1.5
Interesting correlation there...
IBfx Sporadic Traded Account... All Time Return: 33.9%
Quoting AlexeyN
Gold is under 890... That's bad for eur/usd. For example, look at the last week: when usd felt to the 1.53 gold was higher than 900, so that gave a chance that usd will grow, but now gold is under the level, so i think eur/usd will go to the 1.5
I hope it will go below 1.5 ...
So far we've had 2 60 pip rebounds, let's see if this one stops at 559-560 area...
On the path to Enrichment.
Started toying with the Fib arcs... plotted one first on the rebound from 562 to 568 and seen it rise more or less within the arc and then break out down and fall back to 562 and another 60 pips which is about the radius of the arc plus more or less in line with the line going to the cnter (it's in the options in Oanda). Well this rebound to 562 looks like somewhat like an arc as well, wonder how this works out..

http://img2.freeimagehosting.net/uploads/0ade1fecca.jpg
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  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
daily chart
23.6 fib and trendline bounce... what do you think? and bad employment news expected for USD later....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 23 reb.png Size: 27 KB
Guess the big uptrend line held, going up, but carefull...
On the path to Enrichment.
  •  Hammad
  • | Joined Aug 2007 | Status: Plan your Trade & Trade your Plan | 116 Posts
Quoting Hammad
I have reloaded smal EU longs from here...here little pullback is expected and then again Dip, Will re-load again before ADP..
Targets same like before 1.60-3..
Have a nice trade
P.S 61% fib level retracment of previous Bull move has been almost completed..
Okay I reloaded at 1.5555 and now Tped all at Daily pivot.. Will wait for further breakouts to go long... can re-load before ADP.. Looking for carry trades in mean while.
News:
EUR/USD (1.5590)
European & US sessions forecast levels: 1.5485/1.5670
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 10:00 AM Factory Orders, 4:00 AM EU PPI.
Daily Strategy: The recovery of the dollar was based on combination between profit taken and the crisis in UBS bank. The subprime crisis from United States will come in Europe, as the first hit bank is UBS. At this time many traders fast to take their profits as sell euro against dollars. For today the recovery of the dollar will continue as this recovery can continue with another 200 pips gain against the euro. On the other side is expecting new worse US non-farm payrolls data at the end of the week that will stop the dollar recovery. The trading strategy is opening short positions during the European session
They are right....just 3 days too late!

Quoting Ultraman
News:
EUR/USD (1.5590)
European & US sessions forecast levels: 1.5485/1.5670
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:15 AM ADP Employment, 10:00 AM Factory Orders, 4:00 AM EU PPI.
Daily Strategy: The recovery of the dollar was based on combination between profit taken and the crisis in UBS bank. The subprime crisis from United States will come in Europe, as the first hit bank is UBS. At this time many traders fast to take their profits as sell euro against dollars. For today the recovery of the dollar will continue as this recovery can continue with another 200 pips gain against the euro. On the other side is expecting new worse US non-farm payrolls data at the end of the week that will stop the dollar recovery. The trading strategy is opening short positions during the European session
TRADE FOR SWAP
Quoting cgldsmth
They are right....just 3 days too late!
Well the day ain't over yet if you wanna be fair with'em.. But really, you'll do a lot better reading the forums here than DailyFX and so on.. Guys here actually make money from what they think, and people there will make money no matter what they think.
On the path to Enrichment.
Quote
JP MORGAN

* EURO/DOLLAR: "The USD has picked up where gold left off. The failure of gold and oil to follow through euro/dollar on its run to $1.5900 tipped the markets hand and the break yesterday of $900 in gold has triggered further gains in the USD across the board. We are now back around the mid-point of the EUR/USD range and that means there is plenty of room for noise and whippy trading on the way back to the range lows at $1.54/1.53."

COMMERZBANK CORPORATES & MARKETS

* EURO/DOLLAR: "Near term $1.5694 now looks to resist the market ahead of further corrective losses to test the recently highlighted 27 day moving average study (currently located at $1.5503). For the moment we cannot discount a deeper correction of the previous 24th March 2008 low at $1.5340 before recovery


Src: http://www.goldessential.com/index.p...tpage&Itemid=1
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting xxDavidxSxx
Euro$ looks heavy. Before it would have bounced, but now id still pressing on the support area. Still a possible rally to the pivot to get a running start. If it don't reach the pivot, and continues down, then the move is even stronger then it looks.
David... again..... once more...
Keep on !!! you are great
I think we might enter an indesicision area for a while like at the break of the uptrend into a triangle below 1.5... Let's wait and see, that uptrend support is pretty strong as it looks now..
On the path to Enrichment.
London session caught my S/L, but 90 pips profit is still not bad for a days work. Back to the waiting game...
Quoting Trade4Cash
London session caught my S/L, but 90 pips profit is still not bad for a days work. Back to the waiting game...

EUR/USD LOOKS LIKE STORNG DOWN
Good ADP #s for US... EU headed to 1.54 territory? I just picked up 35% in a couple minutes, looking for break of 1.5560 to continue downtrend.

Brent looking indecisive at the moment... Big Oil trying to keep it above 100?
  •  Hammad
  • | Joined Aug 2007 | Status: Plan your Trade & Trade your Plan | 116 Posts
Quoting Hammad
Okay I reloaded at 1.5555 and now Tped all at Daily pivot.. Will wait for further breakouts to go long... can re-load before ADP.. Looking for carry trades in mean while.
EU fail to break Daily + weekly pivot .. i didn't Reload.. Looks like news was leaked before time....
Now EU wil drop further
Quoting Hammad
EU fail to break Daily + weekly pivot .. i didn't Reload.. Looks like news was leaked before time....
Now EU wil drop further
agree with u...
i already open short on EU just now..
TP: previous low today
Quoting PhorPhunn
Good ADP #s for US... EU headed to 1.54 territory? I just picked up 35% in a couple minutes, looking for break of 1.5560 to continue downtrend.

Brent looking indecisive at the moment... Big Oil trying to keep it above 100?

I don't know if it will happen. Charts say sideways to up at the moment for long channel - up (Purple), mid wedge with time to spare, but bottom line almost same as long trend (Yellow) & short time lines up even with drop (Red/Green). Big oil basically told the US to stuff it yesterday. Maybe there buying there oil in Euro's from profit overseas and making more with the exchange. I watch WITC pricing, it seems to follow (or is it lead) the E$ closer. Oil seems to have changed it dance with the E$ as I'm writing this. E$ dropped 60+ pips & oils (101.34) is still between high (102.18) & low (100.70).
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