EURUSD

EUR http://www.forexfactory.com/images/m...mpact_high.gif German ZEW Economic Sentiment

-63.9 -55.5 -52.4

so...whats next?

Start drop when new candle at H1.

Like I said, no one cares much for the euro news, just jumped 20 pips and retraces quickly even though they were much worse than even expected. I'd say that unless you're also a scalper like myslef just close the pc for the next 3.5 hours and go do something more fun.

this pair will drop

EU

I'm curious though, it seems every time Big Ben opens his mouth, the dollar starts to tank. It will be interesting to see what happens tomorrow.

Im short 1,5990 but Why It euro is rising?

Im speak english bad. sorry.

It's actually more likely to make a new small high in the next 3 hours, just to throw some people off balance and make'em buy it at the high thinking the news will cause a bullish reaction.

I hope it will drop as I don't feel like buying yet, but... to be short biased after the confirmation of the $ demise also due to Fannie and Freddie you must be very brave! Investors holding $ will look for rally so they can sell off at a better price.
Good luck to you and to a better entry Long for me

Why are some of you picking random numbers to short from? (i.e. 1.6400)
Why not wait for price action to tell you when to short? I do believe the
Euro will tank eventually, I just don't see it right now. Longs are doing great
by the way.
1.5570 +419
1.5770 +223
1.5817 +177
1.5955 +35

My friend, traders have been asking this question for the past 7 years, you should ask yourself the opposite question when you see it falling.

Yeah, a strong sell off after the US news and then record highs in the next 2 days is my opinion.

as we all know both EUR and US economical are suffering.. this pair is very fragile.. I see EUR is overbought and theres a possibility this pair will drop.. I agree any fundamental news would not effect this pair much..

Well my new small high prediction was quick to materealize Maybe even too quick...

Thats a record high

If bulls had hands they would be giving bears the finger.

uptrend, retest of a very important round number where it has found strong resistance in the past and ranged for months, fundamentals $ negative, $ loosing ground against all major, this thing might not look back, I'm in.
I'm long e/u, long g/u (since yesterday), short usd/chf.

this is the third time I said the same similar thing in this thread..

for those that are thinking, dreaming, praying that such a strong trend is going to reverse in a matter of minutes, you are wasting your hard earned cash shorting at 1.5980, 1.5990, 1.5600, etc.etc ...

but having said that, it may be time to test 1.5930 AGAIN before going up further..

New High Time To Buy

The Euro has just hit a new high over 1.6 on my charts. Since this is a new area, if a trader is flat, what are some of the signs to watch out for in order to make an entry?

Do you allow it to build a base at a particular price level or do you just take a position based on the current fundamentals/trend?