EURUSD

Better to have a foundation before dealing with risking a meaningful amount of money, otherwise other issues arise, such as doubt in ability. Learn to trade, then learn to live with it.

It looks like a Profitable short term setup for ME.....

A good one.

Tks for posting Tudor.

Good Luck with your trdae.

i think it will go down so any short around 1.4050 target 1.3850 and final target 1.3750 is very good sloss could be 1.4150 . this is my view and i m not a pro

Hi every body,
that is what I thought today?

short @1.3999 to 1.3960
if it break 1.3960 I think it will go to 1.3850 soon.

Well I am flattered that you would include me in such illustrious company. I am afraid I can't advise you though - I am but a simple minded scalper & have not the brains to hold a trade longer than a few minutes.

I see a whole lotta big news coming up, though, and that would concern me if I had my money at risk during those news time windows. I also see we have made all of about 150 pip range so far this week. Some pretty torturous PA, fine for the scalper but I am sure frustrating for those with a longer view.

I won't be surprised to see further range-bound action - watching E/U is like watching two crippled old dogs try to gum each other to death - sad.

Anyway, good luck.

I Agree with you hopefully good opportunity to short

It's a probabilities game and risking 260 for 240 doesn't sound like you are setting up the odds in your favor.

As someone said maybe 50% would have been a better entry, it would have been green as we speak

oh nice finally we got pros and experts of forex industry on Euro thread.

If anyone trade sell just see picture and i hope change your trade...



Cheers

Daily Market Scenario - Wednesday 03 February 2010 (Setup -- Rolling 24-hour rates)

updated at 00:00 CET -- Rollover Setup -- calculated at 23:15 CET (every day)



EUR-USD * 1.3964 *

Current rise seems to be over near 1.3997 or 1.4029 for a corrective retracement towards 1.3969 or to below 1.3942 - 1.3925 area ...


USD-CHF * 1.0549 *

There is still bearish potential for a fall to below 1.0525 or 1.0501 while 1.0566 or 1.0578 / 81 may resist. After this fall a recovery up to 1.0578 or 1.0590 is expected again ...


GBP-USD * 1.5974 *

It should trade higher and cross 1.6012 for a move to above 1.6050 or 1.6078 in case of an extention. Support is calculated at 1.5939 / 20 and 1.5902 / 00. Stop levels below 1.5866 zone ...


USD-JPY * 90.38 *

It looks more likely that it would rise to 90.55 - 90.77 or even to 91.02 - 91.17 from supports near 90.12 or 90.00 zone. After which a downside move is expected ...


USD-CAD * 1.0569 *

Support at 1.0548 - 1.0543 should hold the downside at first for a correction towards 1.0591 or above 1.0617 zone ...


NZD-USD * 0.7122 *

Current rise seems to be over near 0.7137 or 0.7152 for a retracement towards 0.7098 - 0.7083 area at first. After which a corrective downside activity is expected ...


AUD-USD * 0.8863 *

It looks set for gains towards 0.8913 or above 0.8934. Support is at 0.8826 / 22 and 0.8792 / 86. A sharp break of 0.8742 and 0.8711 will damage this bullish structure ...


EUR-JPY * 126.21 *

There are initial signs of a good corrective recovery towards 126.45 / 50 or even to above 126.66. Support is at 126.01 - 125.90 and 125.79 zone ...


EUR-CHF * 1.4730 *

If market stays below 1.4737 a fall towards around 1.4688 is expected. If market breaks the point 1.4748 it could hold and reverse near 1.4726 / 05 and reach the sky then ...


EUR-GBP * 0.8741 *

While below 0.8751 - 0.8766 it is more likely to fall further towards 0.8726 or 0.8713 at first. Premature rise above 0.8766 could give a reaction to above 0.8791 zone ...


EUR-CAD * 1.4760 *

One more dip towards 1.4744 or 1.4720 is likely. Should be followed by a grind higher to above 1.4788 - 1.4808. After which it can resume its downtrend again ...


EUR-NZD * 1.9607 *

Market should not go lower than 1.9601 - 1.9551. After this move down it should go up to 1.9677 - 1.9704 area at first ...


EUR-AUD * 1.5754 *

Strength can extend to 1.5814 / 24 or 1.5881 as declines are expected to find support around 1.5685 / 72. A sudden fall below 1.5609 could turn it bearish again ...


GBP-CHF * 1.6851 *

Current fall is near an end of wave around 1.6803 zone, a rally should then procede to above 1.6901 - 1.6923 at first. After all a sudden cross below 1.6777 - 1.6754 would cancel this scenario ...


GBP-JPY * 144.37 *

Current move should be supported above 144.12 - 143.75 zone for a rise to 145.09 / 11. A break below 143.1400 would open the way down again ...


GBP-CAD * 1.6884 *

It may meet resistance in 1.6899 - 1.6954 zone for a drift down towards 1.6850 - 1.6817 at first, after which a bounce to above 1.6954 is anticipated ...


GBP-AUD * 1.8021 *

Current upmove should continue up to 1.8130 / 48 or 1.8274. Any correction should find support around 1.7952 zone. A break above 1.8093 could accelerate the upside ...


CAD-JPY * 85.51 *

While below 85.71 - 85.95 it is more likely to fall further towards 85.29 / 25 or 85.03. Premature rise above 85.95 could give reaction above 86.39 zone ...


NZD-JPY * 64.36 *

Currently uptrend should end around 64.59 - 64.75 area. A correction down towards below 63.98 / 90 is expected. A rise above 64.83 / 86 would abort this expected correction ...


AUD-JPY * 80.11 *

While above 79.79 - 79.36 zone a corrective move could test 80.35 / 53 or 81.01. After which it should resume its downtrend ...


XAG-USD * 16.71 *

One move lower to 16.57 or 16.43 is anticipated while below 16.75 / 80 - 16.82 area. Stops above 16.93 / 99 zone ...


XAU-USD * 1114.49 *

One move lower to 1102.94 / 07 or 1091.39 is anticipated while below 1116.42 - 1122.19 area. Stops above 1129.90 zone ...





Good Luck ! ! !


;-)

Hmm....Tks...it's interesting know your insight in a different perspective.

Good luck scalper.


P.S.
I may have to admit that, even though i don't like the pair to be range bound

all room plz tell me what u see every body oh all the bro's even twee the hek with it

no, they can't borrow money to greece directly...

I have question to ask of good traders here, I had a limit buy order at 8915 on the aud/usd. My broker charts and broker tables show the high was 8915. Why was my order filled, if there is a 2 pip spread? Or have the brokers taken advantage of me

[11:20 EUR/USD: Euro Zone Is A Major Success - EU"s Almunia] London, February 3. EUR/USD ducked into the 1.3990s following the initial failure to trigger the stops above 1.4030 but the focus has since transferred to the comments from the European Economic and Monetary Affairs Commissioner. According to Almunia the Euro Zone "is a major success". However, it is the official response and support for the Greek budget proposals that is drawing the most attention. EUR/USD has returned to the low-1.40s as the headlines are digested but further failures in the 1.40s cannot be ruled out and high frequency names are likely to sell into such moves into the NorAm return. [email protected]

I am bearish, but with concerns at the 1.3975~1.3950 area.

I believe your high of 8915 is the bid price, meaning the ask price was higher(maybe 8917) and hit your order...

Phuuh - I hope that ugly EUROPEAN THEME will fail someday - same way as the ugly GDR theme failed somehow ...

Want to have back my beloved DEM ...

Want to trade USD/DEM and GBP/DEM and DEM/CHF again ...

That was much more funny and sunny days ...


F**K the greasy GREECE ...


They should solve their problems on their own ...

We do not need them ...


EUROPE - that is only FRANCE - GERMANY - and some BENELUX incl. Netherlands ...


Even Italy not useful for us ...

We do not need them as well ...



Hope that all will fail someday ... !!!






Leck mich am ....

news from the US in 23m

what do you mean they can`t. They borrow so that Greece could get out of deficit by improving inside economy and when it is healthy it gives the money back, that is how it works, that is all the point of EU, to help less progressed countries improve their level of life, by creating new jobs... and so on....!!!

The same thing is with Baltic countries, they received money so that they can improve the economic sectors witch they believe are the most important for stabilizing inside economy.

I realize that they have to cut they`r deficit to some level they agree on, but to cut it you have to crush people living in that country I mean taxes, cut salaries...!

I guess you know what I mean.