EURUSD

peyman
Are you fighting with eur ?

Just took a sell at 1967 hoping it works it's way down bvack across this pattern.

Too bad I don't play U/C, that moved was textbook, price action short.

Price found resistance near a whole number which is the first sign of a reversal, then a reversal candlestick showed itself which the the second signal and confirmation of a reversal. That short looks to be an easy +40 pips or more move.

Well, the Aussie is also going higher against the dollar. So, that's why I'm staring to think the Euro may not breakout to the downside just yet. Maybe people think demand is still strong enough so recession risk is lower than previously thought Of course I think this is just temporary.

Yes thank you and accept , regards/

It is hard to predict, whether a Ret. will follow or price may end in a run to 1.2090. It is too emotional matter now.

Thanks man

I'm watching at the Newsprofiteer and it shows me the strength of each currency in correlation with each other.

NZD very high. CAD starting to relax.

I'm trading the EURUSD. The only reason why it did not spike up like AUD and CAD (down), because EUR is weak.

Right. Head and shoulders is here, bearish flag is here, ascending wedge is here. 1.2000 is a High resistance and 1.1992 became the new resistance.

Waiting for falling which becomes famous. Look at different range we had from 1.5 level. Big hands wait for the lowest bad news and they Will act for the big plummet.

.....................................
EUR really contracted about 55 pips high to low with 1 hour Bands really tight. Really a contracted range. I still think Bearish move not done. Will see. But it will have to break this range.

hello
no but these days sell eur make money much easyer than buy it i feel

Shorts waiting to "take a profit" at 1.25..

You gonna get it.. Just wait a bit more

Hmm / yes - the longer we must wait - there will be a great chance of a much bigger move later then.

Bollingers are narrowing in H1 charts (I use 38 periods triangular) and it is hard to say - which side it will try firstly from here...


;-)


waiting games

eur/pb has very clear direction
think we will see the same for eur/usd when NY opens

5 lots open up 13 pip
protive stop in place
will make 3 pips lol (will get rich!!!!!)
no matter what

teb

Hmm seems it might rebound upward a bit more, RSI is evening out, OsMA is curving a lil bit, and its near the oversold end of the Bollinger Band.. o___o

Euro Dollar

The Euro fluctuated and penetrated both the support & the resistance specified in yesterday’s report without being able to reach any of the suggested targets in both cases. This behavior enhances our hypothesis that we are in a wave 4 of a 5-wave decline, since its known in (The Wave Principle) that wave 4 price action appears to be random while this wave is developing, just as it is the case for wave B as well. Breaking below 1.20 on Friday has opened the door for guessing the long term targets in these areas, the question now is where are these targets? In our opinion, we believe that there is one target, one point, which stands out of the crowd, and that is 1.1211, which will be our target for the next few weeks. The importance of this level is that it is the 61.8% Fibonacci for the whole move from the historical low to the historical high. For the short term, the wave count illustrated on the chart, shows a 4-wave drop, in which yesterday’s “break” is wave 4, and we still have room for another leg down below 1.1875, in what would be wave 5. Short term support is at 1.1923, and if broken the Euro will continue its drop to 1.1825, and then 1.1754. The resistance is at 1.1975, and breaking it will give the chance for the Euro to catch a break, and rise to the important 1.2085 & 1.2148.

Support:
• 1.1923: the rising trend line from Monday’s low on hourly & intraday charts.
• 1.1825: Feb 27th 2006 low.
• 1.1754: Dec 6th 2005 low.

Resistance:
• 1.1975: important intraday level.
• 1.2085: Fibonacci 61.8% for the last drop from 1.2214.
• 1.2155: the top of the falling channel on the 4-hour chart.

$ weak against all currency pairs. Accept Eur. and Jpy

2010-06-09_13h07_ EURUSD _ 060min _ (BB + Channel x-Days)


Oh yes - Bollinger Bands are quite narrowing - this might act for us as an early warning sign - a bigger bang move is prior to come then.

All eyes on monetary meetings BoE and ECB - from timing prospective it should be noticed as well.


http://www.forexfactory.com/images/attach/png.gif 2010-06-09_13h07_ EURUSD _ 060min _ (BB + Channel x-Days).PNG (30.2 KB)



I know - it is a lousy graphical view - but that's the way I watch it in a H1 TF ...

EURO and GBP are ready to bounce up

EURO and GBP are making narrow range swings now.They are expected to make a dip to middle level set for today and quickly rise and go above the high during US session.Mid week sudden volatility could come into give surprise to the traders.
Regards

Dollar was never strong in the first place, go back to 2006

(same 90 USDx levels) and

compare dollar to CHF /JPY/Silver/OIL and on.. The EUR is weaker

at the moment and it's making Dollar look like a big cheese.

U.S debt to rise to $19,600,000,000,000 (I wish I had those zeros in my bank acct) by 2015 http://bit.ly/cG7IWr

It looks now EU is trying to push through the resistance at 1.1984 but some more power punch needed, waiting for Swissy to join the party.