EURUSD | Page 8749 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

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

Attachments: EURUSD
Exit Attachments

EURUSD

  • #174,961
  • Dec 22, 2009 11:59am Dec 22, 2009 11:59am
EUR-USD continued to fall today on low volume. The stochastics on the daily chart is on extreem over-sold condition. Looking at the range of candles we see that the range has been shrinking as the market has pushed its way lower.

Day Date Range
Thurs 12-17 232 pips
Fri 12-18 150 pips
Mon 12-21 105 pips
Tues 12-22 76 pips (so far)

With the range shinking, volume low, stochastics in extreem over-sold area, we should be looking at a potential short term reversal to the upside coming our way in the next day or two. If holding a short position, it would be wise to take heed at this time by tightening up your trailing stop.

How today's candle closes will give further clue to justify our bias.
Attached Image
  • #174,962
  • Dec 22, 2009 12:01pm Dec 22, 2009 12:01pm
Quoting vinesh2
Gator thanks for sharing that. I have been targeting 1.12 region but this constant rejection at 1.07 region pretty annoying to me lol.
exit and re-enter only if it crosses or after pullback.. the best of both worlds.
those who can, do. those who cant, talk about those who can
  • #174,963
  • Dec 22, 2009 12:08pm Dec 22, 2009 12:08pm
Quoting Optimum
friend Gator, I Waiting for 429x. Do you have your target above?
4323 and last nights numbers...oils going up because of pending inventorys thought to be low for tomorows report. . pushing down usd. doing some math for next one..
those who can, do. those who cant, talk about those who can
  • #174,964
  • Dec 22, 2009 12:10pm Dec 22, 2009 12:10pm
My other short at 4270 just triggered, let's see how far down it's going to go.
  • #174,965
  • Dec 22, 2009 12:13pm Dec 22, 2009 12:13pm
Quoting Djehuti
My other short at 4270 just triggered, let's see how far down it's going to go.
me2 entered short now. for which price are you looking for?
  • #174,966
  • Dec 22, 2009 12:20pm Dec 22, 2009 12:20pm
Quoting Optimum
friend Gator, I Waiting for 429x. Do you have your target above?
a bigger move to 4394 area could be expected if 4306 is respected .. then move gets above and then 23 is breached above 39...but 72 could cap it.. then a bunch of other moves could come into play if 72 is reapected then breached.. to an older post ... i dont recall number but 44xx... void all this with new low..
those who can, do. those who cant, talk about those who can
  • #174,967
  • Dec 22, 2009 12:23pm Dec 22, 2009 12:23pm
Quoting hoden123
me2 entered short now. for which price are you looking for?
me3 have a selllimit at 1.4270 we thinking along the same lines;]
  • #174,968
  • Dec 22, 2009 12:27pm Dec 22, 2009 12:27pm
Quoting hoden123
me2 entered short now. for which price are you looking for?
On this one maybe just 4225 and then see if it's going to bounce back up to 4390 to short again. Longing that move goes against my style though.
  • #174,969
  • Dec 22, 2009 12:31pm Dec 22, 2009 12:31pm
Larseg, Thanks for the heads-up start. Much to do and so little time.
  • #174,970
  • Dec 22, 2009 1:00pm Dec 22, 2009 1:00pm
So much for the Short hype.. And what you got? It's still

1.4270 lol

200 MA on 4H at 1.4720, see you then.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,971
  • Edited 1:15pm Dec 22, 2009 1:02pm | Edited 1:15pm
sights on 4060.. 50% target hit on chart. its somewhere in late last weeks post or sunday. closest overshoot purple chart number is 4050 other 4066.........lots of things like 200 sma to slow it turn it ect.. but i doubt it hold it forever. but i dont know.. so we try to preserve capitol.. till we pass.. i will trade less lots..from 4217 down until after target is met.this is a strong move.. we have reversed 4 months pips in less then 1 month..
______white lines on chart____________

edit this is just a pa chart based on sunday/monday move. purple chart is a longer term chart.. the next level on it is C at 4188.. it may trump white line..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #174,972
  • Dec 22, 2009 1:05pm Dec 22, 2009 1:05pm
Quoting gatorinla
sights on 4060.. 50% target hit on chart.
It's going different direction, you might as well look at +50% target

on the chart from here.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,973
  • Dec 22, 2009 1:06pm Dec 22, 2009 1:06pm
Quoting SkyzerFX
So much for the Short hype.. And what you got? It's still

1.4270 lol

200 MA on 4H at 1.4720, see you then.
aint it great.. i shorted at 5082 and only cause my entry wasnt hit at 5171...
those who can, do. those who cant, talk about those who can
  • #174,974
  • Dec 22, 2009 1:10pm Dec 22, 2009 1:10pm
Quoting SkyzerFX
It's going different direction, you might as well look at +50% target

on the chart from here.
*L* if you follow my post 50% is a target... but as a target its to squeese all the pips you can out each move... so if its a target then its also a support its natural to bounce of a support. it just proves the number is valid. and when we breach it its resistance.. its a precise number... "its not where gonna go up" for the past 800 pips like you post
those who can, do. those who cant, talk about those who can
  • #174,975
  • Dec 22, 2009 1:15pm Dec 22, 2009 1:15pm
Quoting gatorinla
4323 and last nights numbers...oils going up because of pending inventorys thought to be low for tomorows report. . pushing down usd. doing some math for next one..
Thank you for your answer, my friend.

  • #174,976
  • Dec 22, 2009 1:20pm Dec 22, 2009 1:20pm
Price has been bouncing for more than 3 hours between 38.2 and 50 fibo levels from 4331-4216 retracement. I believe once prices breaks south through 4216 we'll have further bearish momentum to the zone gator posted. Does anyone agree?? Greetings and good trades to all!!!
  • #174,977
  • Dec 22, 2009 1:22pm Dec 22, 2009 1:22pm
Quoting gatorinla
*L* if you follow my post 50% is a target...
I don't follow anybodies posts. RSI(14) on USD Index is well in the 90 right now

Screaming SELL. And COT report is also very negative for the Dollar.

It's just a matter of days when this PIG will tank. For now yes,

Bulls can joy last pieces of meal. USD eventually going to ZERO.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #174,978
  • Dec 22, 2009 1:26pm Dec 22, 2009 1:26pm
USDX is 78.20 so not sure about this EU move down to SUpport at 7260....
  • #174,979
  • Dec 22, 2009 1:41pm Dec 22, 2009 1:41pm
Quoting SkyzerFX
I don't follow anybodies posts. RSI(14) on USD Index is well in the 90 right now

Screaming SELL. And COT report is also very negative for the Dollar.

It's just a matter of days when this PIG will tank. For now yes,

Bulls can joy last pieces of meal. USD eventually going to ZERO.
vix trumps cot.
those who can, do. those who cant, talk about those who can
  • #174,980
  • Dec 22, 2009 1:42pm Dec 22, 2009 1:42pm
Quoting maurofx
Price has been bouncing for more than 3 hours between 38.2 and 50 fibo levels from 4331-4216 retracement. I believe once prices breaks south through 4216 we'll have further bearish momentum to the zone gator posted. Does anyone agree?? Greetings and good trades to all!!!
yes down to 4200 then retrace some then continue to 4060. a stalling a bit above 4000 is better signal for a new bull movment.

Question here: Does europe own more gold then usa since eu is very coralated to gold ?
3,161 traders viewing now