EURUSD | Page 11635 | 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

  • #232,681
  • Apr 28, 2010 5:36am Apr 28, 2010 5:36am
Quoting RichLadyFX
EU expects Greece work done "in coming days". Its on TV

Shooting for the stars?

I still doubt , but if it can passes 3245 ( 38.2 % of 3413 - 3141 trend ) , then we can take that is a real retracement...



  • #232,682
  • Apr 28, 2010 5:40am Apr 28, 2010 5:40am
It needs to get past 1.3217 for a move towards 1.3260.. :/ Maybe it set its range 1.3140-1.3217 ahead of FOMC...
  • #232,683
  • Apr 28, 2010 5:40am Apr 28, 2010 5:40am
Quoting Z3iz3i
I think about selling next 15m candle...close 1.32
Same thing here. I was already in sell @1.3181 with SL on BE but it was a bit to early.
The price is stuck in between 21/55 EMA et the moment (on M15 chart) so I'm waiting to see which way will it go.

Personally, still looking for short.
big numbers are our friends...
  • #232,684
  • Apr 28, 2010 5:43am Apr 28, 2010 5:43am
Greece is negotiating the amount the International Monetary Fund could lend the debt-hit country, a government source said Wednesday amid reports the IMF might boost its contribution by EUR10 billion.
  • #232,685
  • Apr 28, 2010 5:43am Apr 28, 2010 5:43am
It's worth to note that EURJPY hit 124.03 few pips away from it's 55 MA and it's coming down very fast. Back in down leg? Who knows.. 55 MA is really attractive level if you constantly monitor it in big trends, you will see its effect.
  • #232,686
  • Apr 28, 2010 5:44am Apr 28, 2010 5:44am
Quoting CounterTrend
It's worth to note that EURJPY hit 124.03 few pips away from it's 55 MA and it's coming down very fast. Back in down leg? Who knows.. 55 MA is really attractive level if you constantly monitor it in big trends, you will see its effect.
Absolutely.
Very important dynamic S/R level.
big numbers are our friends...
  • #232,687
  • Apr 28, 2010 5:50am Apr 28, 2010 5:50am
Quoting CounterTrend
It's worth to note that EURJPY hit 124.03 few pips away from it's 55 MA and it's coming down very fast. Back in down leg? Who knows.. 55 MA is really attractive level if you constantly monitor it in big trends, you will see its effect.
be careful 124.65, 125 coming public holiday in japan tomorrow
  • #232,688
  • Apr 28, 2010 5:55am Apr 28, 2010 5:55am
Quoting deeZG
Same thing here. I was already in sell @1.3181 with SL on BE but it was a bit to early.
The price is stuck in between 21/55 EMA et the moment (on M15 chart) so I'm waiting to see which way will it go.

Personally, still looking for short.
Yea. However, seems that 9.55 GMT 5min tf big bull candle supports € right now. Kind of critical situation here now and volumes bit drying up, so waiting clear break of 1.32 and this upper line of wedge.
They think they are smarter than I am.
  • #232,689
  • Apr 28, 2010 5:55am Apr 28, 2010 5:55am
Quoting Forexfsa
be careful 124.65, 125 coming
Maybe, who knows. But I was just stating that it was rejected by the important 55 ma on hourly chart.. it's at least a warning to bulls.. it's not a signal to go straight in short.
  • #232,690
  • Apr 28, 2010 6:02am Apr 28, 2010 6:02am
Quoting Z3iz3i
Yea. However, seems that 9.55 GMT 5min tf big bull candle supports € right now. Kind of critical situation here now and volumes bit drying up, so waiting clear break of 1.32 and this upper line of wedge.
Agreed.

Plus, we have a double bottom on H1. Should be considered too. On the other hand, it's testing 21EMA on H1 from the bottom side.

I agree on waiting for clear view.
big numbers are our friends...
  • #232,691
  • Apr 28, 2010 6:02am Apr 28, 2010 6:02am
Quoting RichLadyFX
EU expects Greece work done "in coming days". Its on TV

Shooting for the stars?
If printing money equals CCy appreciation then they will be the new America. Just how I thought initially but that was then. Who's gonna service this debt? Asia again?
  • #232,692
  • Apr 28, 2010 6:06am Apr 28, 2010 6:06am
Quoting deeZG
Agreed.

Plus, we have a double bottom on H1. Should be considered too. On the other hand, it's testing 21EMA on H1 from the bottom side.

I agree on waiting for clear view.
Yes!! The 21 ema stopped the previous run.. I am a fan of these dynamic S/R levels too
  • #232,693
  • Apr 28, 2010 6:11am Apr 28, 2010 6:11am
Quoting CounterTrend
Yes!! The 21 ema stopped the previous run.. I am a fan of these dynamic S/R levels too

Well, you have to be once you see them working
big numbers are our friends...
  • #232,694
  • Apr 28, 2010 6:12am Apr 28, 2010 6:12am
Quoting longnt
Merkel, Trichet, IMF head to brief press. German Chancellor Angela Merkel will make a statement at around 10:45 a.m. Eastern: reports
The noise being created by the statement by Merkel is an opportunity for good consolidation to be completed and further give realiable sell option afterwards.Technical/p.a is it,fundamentals,as usual will only help to confirm movement.For sure,head or tail,Merkel statement will not safe the euro.
  • #232,695
  • Apr 28, 2010 6:13am Apr 28, 2010 6:13am
Dragon

Look for breakout when price punches through back at ~1.3218
Attached Image
They think they are smarter than I am.
  • #232,696
  • Apr 28, 2010 6:18am Apr 28, 2010 6:18am
I think the eur/usd might start to rally here...
  • #232,697
  • Apr 28, 2010 6:21am Apr 28, 2010 6:21am
But 1.3217 held really well all day ~ even if it gets past that, too soon it meets dynamic R @1.3226 .. let's wait for candle close and reaction to these levels
  • #232,698
  • Apr 28, 2010 6:25am Apr 28, 2010 6:25am
should i closed my short position now ?
i have short @3181
i wanna change into long...

any suggestion ?
  • #232,699
  • Edited 6:34am Apr 28, 2010 6:32am | Edited 6:34am
This 4hr chart shows the CME Eur/usd future (top graph) comapred to the Eurostoxx 50 European Index future (Benchmark European Equity Index, bottom graph) Since the beginning of April. Note they look pretty similar as recently the market has generally been driven by risk appetite.

Given that Equities are at significant technical levels and look like they might bounce (EuroStoxx off 61.8% fib from Yearly Low -> Yearly High), and the Euro seems to have been holding up pretty well given the sentiment recently (particularly when you look at the performance of Bunds, say), my bias is for Eur/Usd to rally along with equities in an - albeit temporary - "risk on" rally.

Note there is alot due today - FOMC, IMF, FinMin, Merkel etc so stay sharp.
Attached Image (click to enlarge)
Click to Enlarge Name: Risk Appetite.png Size: 51 KB
  • #232,700
  • Apr 28, 2010 6:32am Apr 28, 2010 6:32am
stick to your plan
but that double bottoms and strong rebound on 1hr made me think that we going to test some resistance upside. 26 may break. we have 6 hrs or so for FOCM, thats a long time to shoot around
Lets Soar The Sky
1,557 traders viewing now