If we could push above 4425, that would take a lot of pressure off the downside... and maybe trigger the long overdue retrace. But that is a big "IF"! Well see what Philly index brings. Empire State was real bad yesterday.
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedIf we could push above 4425, that would take a lot of pressure off the downside... and maybe trigger the long overdue retrace. But that is a big "IF"! Well see what Philly index brings. Empire State was real bad yesterday.Ignored
DislikedEUR/USD looks very heavy.. A single piece of bad news could send this down to 1.41 (daily resistance line).. Without bad news, you can expect it to hit another daily res at 1.435ish once it breaks today's and yesterday's lows from resistance trend line on daily chart (1.45ish).. This is where i'm jumping on the short train..
I no longer look for the Euro to be the option to get away from the USD anymore.. I think this will treck down (1.2ish) and both will sink against commodities together.. Plans of more rescue spending by EU and Fed probably...Ignored
QuoteDislikedWhat positive data?
DislikedThis is my point. The why doesn't really matter, does it? The fact is that the market is selling off....and it will continue to do so until it doesn't. And, I don't mean this as an attack on those that believe in fundies. Learn to exploit what the market is doing. Learn to recognize when the market is likely to change direction, when the current move is invalidated or weakening. Trade what is happening, rather than what you think should be happening.Ignored
DislikedThis is my point. The why doesn't really matter, does it? The fact is that the market is selling off....and it will continue to do so until it doesn't. And, I don't mean this as an attack on those that believe in fundies. Learn to exploit what the market is doing. Learn to recognize when the market is likely to change direction, when the current move is invalidated or weakening. Trade what is happening, rather than what you think should be happening.Ignored