EURUSD

Target 1.3135

Maybe we will see a triple top before this baby goes down again...

I'm long SL under 38.20 fib TP open....
lol profit 53++
expect what not expecting
EDIT: better close in profit in this kind of market close 55+

Wow this baby is very strong!Looking for short opportunity...
What goes up must come down

Morning guys

Was hoping for a triple top but not sure it will get there now.
Shorted at 366, SL at 410 just incase it does happen.
Lets now see a nice sell-off to end this week

I read about US senate rejections on autos bailout. Any body knows the effects for USD? Is it make USD lower or the opposite it brings USD stronger (repatriation)?

I know it is a negative effect. But "negative" has been so relative this last weeks.

Yea I imagine a bailout failure would be a strike against the USD and therefore a rising eur/usd. Couple that with the expected slump in retail sales today too. What do you get?

I short @ 372, place a buy stop @410.HOpefully, it's a free fall.

waht's ur target?

I am going to short too. How deep it may go??

If the EURUSD and DJI correlation still close, it means free fall (happy to you Smartlee ). But this last 3 days DJI losts its correlation with EURUSD. Technically, there's a resistance on 1.34 but fundamental side still doesn't clear to me.

I'll wait then.

My target is 50-60 pips.WE are still in the range market between 3245-3405.Carefully risk management is a must.

so what is the correlation why buy at 410 when u are expecting a freefall,or u want a whipsaw?

1.3410 is a major trend line. It was a support in Oct, and a current resistance line. If it breaks, he's guessing it'll keep going up; otherwise E/U will go down.

That's what I make of it, anyway. I'm currently short at 300 and 366, so here's to hoping my loss turns around...

the trend is not confirmed so far. When price hit 410,i suggest it would be a up trend.this is my way of risk management.When the trend is confirmed, i will unlock my 372 order.That is I risk 38 pips to look 60 pips money.

Good morning all,

Since my previous analysis didn't work out the way I expected I've done some extra research to see where I'm being tricked..

Its now fully clear to me the weakness of the GBP is the main catalyst behind this strong bull rally which has gone beyond most expectations and surprise might even go further...

The EUR is currently looking for parity with the GBP...
If you would have said that to me a few months ago..I probably would have laughed..now I'm starting to take it a lot more serious...

A nice coincidence would be the fact that there has always been a lot of political talk behind the screens about the UK joining the EU...one of the main problems was and has always been the currencies...

Maybe its a far fetched theory...maybe its very close to the truth..but parity opens a lot of doors for new negotiations and more stability in the financial markets...(Can I hear Trichet speaking somewhere...sounds all to familiar doesn't it)

So where does this bring me with regards to trading the EUR v USD

My mind and charts tell me...short...however I will not short until I see the EUR v GBP collapse its bull run towards the above mentioned parity...

As long as we keep above the current Intraday R1 @1.33282 I'm actually looking for a long entry...

Besides the above..trade with great care this Friday..no clear directions this time..just some food for thoughts..

As always...just my 2 cents..

Alright seems like we are slowing down a bitt and we have started to shift down a bitt...let see if we get some orders filled from the possible triple top ...lets see how it plays out...

We are shifting back down in the 2 hour chart looking good...lets hope to close like this...what to get a close below 33.46 and I am a happy camper...

You don't listen what I am trying to ask Yes, I do usually look at a normal chart with a single pair on it. My question was about correlations / divergences between different pairs?


Thank you

Around the 250 level for starters
Strong confluence level of daily pivot point, fib and prev sup (circled green)