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EURUSD

  • #19,281
  • Aug 11, 2008 2:56am Aug 11, 2008 2:56am
What happened that is causing this crazy price change?
  • #19,282
  • Aug 11, 2008 2:58am Aug 11, 2008 2:58am
Quoting sf0d
What happened that is causing this crazy price change?
For one oil is up $1.68 to 116.88.
  • #19,283
  • Aug 11, 2008 3:01am Aug 11, 2008 3:01am
Quoting Jurrasic
Well I'll be.. We did go up, let's see for how long. Shorts out, let's see what the longs will bring.
1,000 pip drop, 50% retrace? Not unreasonable. and It's responsible.
  • #19,284
  • Aug 11, 2008 3:03am Aug 11, 2008 3:03am
Quoting Jurrasic
Well I'll be.. We did go up, let's see for how long. Shorts out, let's see what the longs will bring.

i dont think today going down
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  • #19,285
  • Aug 11, 2008 3:04am Aug 11, 2008 3:04am
would like 1.53ish on E/U
and 1.07 on U/C

.... I only mention USD/CHF because it seems trade opposite to E/U.. Long one and short the other and vice versa for double the profits(more or less)..
  • #19,286
  • Aug 11, 2008 3:06am Aug 11, 2008 3:06am
Quoting Clouds
1,000 pip drop, 50% retrace? Not unreasonable. and It's responsible.
1.55 Clouds?
  • #19,287
  • Aug 11, 2008 3:09am Aug 11, 2008 3:09am
it's warming up for a big move ( drop ) out of the sudden

support around 1.4980 - upper trendline
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 11_08_2008 (1 Min).jpg Size: 53 KB
  • #19,288
  • Aug 11, 2008 3:09am Aug 11, 2008 3:09am
we can see 1.5150 today
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  • #19,289
  • Aug 11, 2008 3:11am Aug 11, 2008 3:11am
Quoting mokonni
it's warming up for a big move ( drop ) out of the sudden

support around 1.480 - upper trendline
hopefully it hits 1.53 first at the least where I will short it into the ground...
  • #19,290
  • Aug 11, 2008 3:12am Aug 11, 2008 3:12am
If it breaks 1.5075, it will go more North


Yesterday we Bouth at 1.4925 and EUR/USD Long Target 1.500,and Take 1/2 profit at 1.500, later move stops to Entry

Now
EUR/USD will break 1.500 and take one more1/2 profit near 1.5050

http://2.bp.blogspot.com/_nmIuQsC9b-...mingServer.png
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  • #19,291
  • Aug 11, 2008 3:13am Aug 11, 2008 3:13am
Good morning all,

Plain & simple for me today

EUR seen 1.5045 over the weekend. which most brokers wont show you on your broker software, think Clouds also mentioned it in an earlier post.

Georgia "mini war" doesn't influence the pair that much IMO, cause it's not the EU part that's been invaded, only Oil might get a boost if pipelines will be destroyed. (No disrespect & don't get me wrong using word "mini war", I hope it all ends soon and feel for the loss of families involved, just consider this not large enough to have heavy impact on EUR)

Way overdue technical correction starting today as a response on IMO "Boosted Central Bank Intervention" drop.

I'm 90% bullish, 1.5 been sliced as butter, my targets for today are:

T1 Daily Pivot at 1.5111
T2 Weekly Pivot at 1.516
R1 Resistance at 1.5226

The 10% bearish will only come into play in case we see a drop below 1.50 again

As always...Just my 2 Cents...
  • #19,292
  • Aug 11, 2008 3:13am Aug 11, 2008 3:13am
Does anybody know the highs/lows over the weekend?
  • #19,293
  • Aug 11, 2008 3:14am Aug 11, 2008 3:14am
Quoting Clouds
Does anybody know the highs/lows over the weekend?
Read my quote above yours...
  • #19,294
  • Aug 11, 2008 3:14am Aug 11, 2008 3:14am
Quoting mokonni
it's warming up for a big move ( drop ) out of the sudden
I wouldn't count on it. Notice how the price reversed exactly at the point of the middle peak of 2008-1-14. That seems to say that big players got in at that point and the resistance holds.

But this is betting against the trend and it's dangerous game and I know it - that's why I raised my stops to above the entry to get minus risk for this trade.
  • #19,295
  • Aug 11, 2008 3:15am Aug 11, 2008 3:15am
ouch ! http://forexfactory.com/images/icons/icon8.gif
  • #19,296
  • Aug 11, 2008 3:20am Aug 11, 2008 3:20am
Quoting Shadowfx
Read my quote above yours...
yeah i remember looking at after hours , and seeing 5050 or so, but i dont have place see highs, was that high? if that was high, I guess we broke them.
  • #19,297
  • Aug 11, 2008 3:21am Aug 11, 2008 3:21am
Quoting Clouds
yeah i remember looking at after hours , and seeing 5050 or so, but i dont have place see highs, was that high? if that was high, I guess we broke them.
1.5045 was high over the weekend on Sunday before Sydney Open
  • #19,298
  • Aug 11, 2008 3:27am Aug 11, 2008 3:27am
It's clearly broken the UTL now, set 7 Aug @1.5501 when first major drop started...

Strengthens my earlier posted bullish reversal opinion

Just my 2 Cents...
  • #19,299
  • Aug 11, 2008 3:27am Aug 11, 2008 3:27am
My trade platform as I previously posted has been calling for a retrace to 1.4910

These are Experts People. Now they are calling Long to 1.5200

Great Consistency !!!

Here is part of why the EUR/USD got Stronger !!!

Trichet's BUDDY just said on Friday reported now NEVER MIND !!! Game On !!!

Insanity Rules and Fools Follow along at the cost of Billions of loss.

None of us are fools but the market is exactly that !!!

08:09 EUR/USD: Asian Demand On-Going As EUR Re-Claims 1.50 London, August 11. The constantly changing position at the ECB is generating volatility with the latest standpoint from Liebscher providing EUR/USD with a bounce back to and through the 1.50 level. The ECB official has said there is no room for complacency on rates. This follows last week"s ECB rhetoric suggesting there were growth concerns within the central bank.

Asian demand has been prevalent from the European open along with buying out of Zurich. The bulk of the demand kicked in from 1.4930 and small intraday stops helped the EUR through 1.4970, 1.5000 and 1.5025 to reach 1.5055. We had seen scope to 1.4900 as early bounces from 1.4910 found supply but the ECB views look to have shaped a new bias for the EUR. Initial resistance now at 1.5065, a sell off point from late Friday. [email protected]
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  • #19,300
  • Aug 11, 2008 3:32am Aug 11, 2008 3:32am
Quoting Warren Forex

08:09 EUR/USD: Asian Demand On-Going As EUR Re-Claims 1.50 London, August 11. The constantly changing position at the ECB is generating volatility with the latest standpoint from Liebscher providing EUR/USD with a bounce back to and through the 1.50 level. The ECB official has said there is no room for complacency on rates. This follows last week"s ECB rhetoric suggesting there were growth concerns within the central bank.
[email protected]
hadnt seen this...this may definitely have somethiing to do with the move up...good post
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