EURUSD

I dont wanna trade before FOMC.

We just broke to the upside of the little triangle we were in. Plus, consumer confidence reports coming out in a few min's... Waiting for a better entry...

Some people R1 at 1.3121 I believe. That's where I TP on recent long, if it gets there. Unless it shoots straight through (which it might as stop orders may be placed just above)

Shucks, forgot about that. Closed out my long for TP.

Ok, I'm ready to open a short at 1.3230!

what the gbbfbgtrs?

and further where price go ?

you see wedge on my chart, need go down

Excellent chart...thank you :-)

i dont know if that was a head fake or not.. the dollar got weak real fast all of a sudden..

Another opportunity for shorting is close below the R1 again at 1.3208

Only time will tell, but if you trade the alternate count I showed, it's pretty obvious where price goes

[EUROZONE APR ECONOMIC CONFIDENCE] was better than expected, rising to 67.2, vs a 65.6 f/c. This compared to 64.7 in Mar (revised from 64.6 previously). [EUROZONE APR BUSINESS CLIMATE INDICATOR] was also better, recording -3.33, vs a -3.53 f/c. This compared to -3.49 in Mar (revised from -3.58 before). The breakdown showed an improvement in [EUROZONE APR CONSUMER CONFIDENCE] consumer confidence, to -31, vs a -33 f/c and followed a -34 reading in Mar. Further, industrial sector sentiment improved to -35 against a consensus f/c of -36 which followed -38 in Mar. The service sector was in line with f/cs at -24 from -25 the previous month. While welcome, today's better figures are from very low levels, in fact the lowest in over 24 years. Importantly, inflation expectations fell to -2 from 1 in March, the first negative in the survey's history.


An ACB has been a noted recent [EUR/USD] buyer, inspiring a return to 1.32-plus levels. The Euro has managed to move away from earlier session lows of 1.3173, as seemingly the market response to the Eur 816bln total bad assets in the German banking system news piece is to take it in its stride. Some call it dated and inaccurate anyway. A day's best of 1.3228 has just been recorded and we could be set for a test of the week's high so far of 1.3255. EU sentiment indicator numbers on the hour, the headline seen improving to 65.6 in Apr vs 64.6 last.

If you mean the one I showed then you're welcome. Jose Cuervo me favorito tambien.

Dear All


USD Index just touch the daily uper trend line of it , it must reverse now as it's a huge support.

So sell Euro now

The title 'ultimate resistance' made me laugh. When will you guys finally get it that there is nothing 'ultimate' in Forex? The price goes as high as it wants!

LONG EUR/USD!

Not that it means anything, but it just went through the 123 fib extension. 1.3291 is the 161 fib extension and the outside of my down channel (well close to it) Past 1.33 and its time to punt

I know it....it means only that at that level price will be very overbought....not that it can't pass it!!! Then it is our work to know if it will remain overbought or come back!!!!

I don't know how anyone can make a call right now with any conviction whatsoever.

On the larger charts we're looking to short, but on the hourly's we've just broken to the upside of our triangle which means we now have upward momentum and have almost changed our hourly trend to an upward trend.

I like having open positions as much as anyone, but I like making money even more. Therefore, I'm staying out, still waiting for a better entry...

Perfecto

(for all)

How many years you trade?