EURUSD

Awfully quiet now...

EURO-DOLLAR: Squeezes back to retest earlier lows at $1.4072, extending
lows at $1.4069 but reported demand interest that extends to $1.4065
cushions again. Recovery so far remains shallow, with rate currently
trading around $1.4078. Stops are noted on a break of $1.4065.

Provided by: Market News International

methinks soon 1,44
It seems to me, but I know very opposite. everyone knows is not true.

Soon? Within an hour?

Are you sure?

That would made my day ...I am long from 1.407...

An interesting observation. Over the past few weeks, the bear flag continuation pattern has emerged more then anything else, and almost every time they broke down. Now when a bear flag goes breaks down there are 2 things that can happen.
1)A mere retest of the lows but not enough strength to make new lows
2)New low made with much lower targets in sight.

Well we were in a bear flag for a few hours until this one broke down too. Upon a retest of the lows though, #1 seems valid for now which may suggest a consolidation back up in a range..possibly to yesterdays low which was strong support and now should be strong resistance (1.4130 or so)




Good pippin all.

Sidenote: note I have an open position. The duration of that trade depends entirely on how this hourly candlestick closes. Small doji bearish candle means I keep it open. Small doji bullish candle means I close. Engulfing bullish candle...I close. Stop loss reached..self explanatory

Hi all,

what I see is a dragonfly doji on M30 as a possible trend changing. Will see.

The e/u has touched the bottom of the channel at 1,4068. I wont step into any position till the news, but the last weeks, it were very risky to enter after news. But after gu news it was a very significant move, so i think if it would be bad, we will go north. Just an idea.

bears will eat you alive get out of longs or you ll be history

Hope with USA coming in we can have a clear direction and some breaks!

I have a 15 pip trailstop...if u are right.

strange really when COT report shows the increase of dollar short but seems usd really is underway. I will close my longs if it gets below 1.395.

boo! this week.

is that on a short trade if it is where did you get in

Such a bold statement. You should know by now trading is all about probabilities and trades that involve the least amount of risk. Having said that...the way the hourly closed is dollar friendly. Given I was 8 pips + at the start of new hour...stop loss at entry only seemed natural. See..no risk...but can still profit

alright...

wow man a profit of 8 pips go and wash cars you get more for your time

long 1.407...watching closely ,CB consumer report at 15.00 gmt .maybe will push this up or down or nothing...hard to tell.

I think 1.38 is only a matter of when not if.

Its kind of consolidating in the middle of nowhere, might unwind higher(maybe 1.43-1.4370) before that strong push down to 1.3750-1.3850 area

Aggressive bulls might feel that we may already have a low but i think its a bit premature