EURUSD

Dear

It has to come up for a while,,PA not to sell all the time,,,price must go up for a little to go doen

Remember the weekly support at 1.2550 we almost touch it twice today,,,it has to retrace up may be to 1.2670 and Maximum 1.2720 before going down again and break 1.2550 for a test of 1.2330 and breack of it next week

If I were to hazard a guess, I figure the DJ will go up and drag E/U with it until Bernake opens his big mouth. That is "normally" when everything heads south.

BUT that is just a guess, and that would fill the gap too.

I think the same. Just some few days stop before continuation. Well, that's what I think.

It looks like its doing an awful amount of work on my graphs to go up just a few pips. I hope my long doesnt bit me in the @$$

I agree...it needs to break and stay about 2630 -2640 to push higher...I still think trend as downward....but that's just my 2 cents

I wouldn't jump on a long yet.

Watch for the false breakout, we still haven't made a Higher significant High...

Still hanging on to my shorts, but I've tightened my stops.

I think break of 1.2687 will mean some correction up to the north might be on the way.

it just bit me

yeah. I'm actually short at the moment. Stops are in place ofcourse.
I have a t/p at 2580.

We note some market talk is circulating that suggests Chinese name players are protecting a 1.2550 option structure. The pair hit a 1.2560 low a short while ago, matching yesterday's low. Traders note stops are seen likely placed just below 1.2550 using the rumoured Chinese 'bid' as their protection, with a decisive break likely to quickly target 1.2420/25 (Nov 21 lows). A hold above 1.2550 should see 1.2630/40 revisited (intraday highs).

Presently I'm short from 1.2596, I have taken 2 lots out at at 1.2578, if price gets above 1.2631 I will consider closing position ( S Loss is at 1.2648) the most I'm prepared to stand.

Still feel short is OK though.

Good Trading.

Talk about a battle of bulls and bears.

My personal outlook is she'll hit 1.2700-1.2725 and be hit lower.

Not entering any trades at the moment....just sharing my observation on the 15min chart.

hmmm... just noticed the eur/usd and the usd/cad are trading at about the same level.... wonder what that means.
something big afoot methinks.

EUR/USD is consolidating. Unable to decide whether it wants to go higher or lower. The Daily chart is still bearish.

EUR/USD is at a junction where it could go either way. A break of 1.2558 will bring in sellers to the market. A break above 1.2630 will get some sellers to liquidate their short position.

Attached is a HOUR chart, where prices are in a consolidation

This all seems like noise and equalization after the 3am 80 pip movement. unless we have a breakout soon it might just flatline till noon. I wouldn't think it for this timeof the day (and volume).


I'm a noob, so it will probably prove me wrong as soon as I hit the submit reply button.

Market ding-dong2 today, I'll stand out for the night, entry sell at 1.268 and sleep.

not sure... but my noob eyes see an inverted triangle on that chart posted by mr. candlesticks. or am i right about my eyes being noobs?

more pips to you guys.

wow - no response to the fundys from the US... hhhhmmmmmm

Can I short now? cable and yen shows sign of strong dallar bull.