EURUSD

EURO SUMMARY: Opened in early Europe around $1.2329
-- Euro-dollar opened into Asia around $1.2330, having been pressured to
a late session high of $1.2350 in NY. Rate initially edged to $1.2234
before turning lower, the rate easing to mark session lows at $1.2208
before settling between $1.2310/25 through the middle part of the
Asian day. Rate then edged higher in late afternoon trade in a
basically subdued Asian session, all major pairs restricted to tight
ranges as they consolidated Tuesday's recoveries. Euro-dollar broke
above the overnight high at $1.2334, extending the recovery to
$1.2355 in early Europe as early traders 'gunned' for reported stops
at $1.2355/60. Failure to rigger stops left spec longs exposed with
middle eastern supply weighing back on the rate and squeezing.
Downside momentum gained pace through $1.2300 to take rate down to
$1.2274 before finding support. Recovery efforts struggled, but
eventually broke above $1.2300 late morning. Consolidation remains
the play into US trade, awaiting clues from equity market action.

Provided by: Market News International

Today the Dow is at major resistance, let's see how it goes, it might be quite a selloff if it doesn't make it. Alternatively, clearing well above current level opens the way toward 10650.

Yeah, i shorted when i posted yesterday. Though it ranged for a while, but it was bound to decline.


Why did it range before it plummeted? Because, trend change usually occurs slowly, and not instantly, because market has to adapt to the new sentiment. So it is usually great to pick buttoms and highs, when you know the price will be ranging. However, this ranging will be slightly bearish as new yourk sessions ends, and lower volatility occurs, as the people who are long on the upward trend close their position by selling.

Furthermore, i identified it because of the ob levels on different timeframes, negative news, but still going up, amazing momentum upwards(further indicating ob), main trend down, resistance level at 30. That was my analysis though.

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Wow man!! Thaat is a pretty girl!!!

can i ask the gurus here a question ? what time frame you use for enter and exit a trade and what they use for generall analysis i mean on the long run ? for example the weekly or daily giving bullish candles signal and the hourly and lower time frames giving sell signals what should i use for my analysis ?

Who is that chick, Signapore, Malaysian or Japanese?

There is a big bear sitting on 1.2340-50 and risk aversion is kicking in trough JPY pairs. Am exiting my long positions.

I hope it closes below 12277 (1H) then it may come down...

I don't know if it's going to bounce on this support line, but I picked up a couple of lot's to test the waters. Let's see if the trend reverses here.

i don t see big movements now.. slowly climbing the mountain of fear. one step forward, one to the side.., don t expect 1.3 either... it s summer... keep most of my longs open

It's a sell on my H4 target low 1.22 around S1 1.2209 +-

Okay everybody, time to buy!

memo:

-usd up
-oil down
-eurusd down

i was thinking the same, however, i dont counter trend.......but if i were to buy 2258-60 might be a good spot to enter....(35 pip stop) 50 fib and current tl intersection....

yeah,i'm waiting 2256...

And that's why I'm not shorting yet. Sacrifice some price for some "confirmation". If we see a new low, there's still at least 4 cents on the table.

Market point down, besides Dollah was beating up last few

days. It's a red,red,red, black Casino.

Here: play some charts, since they don't lie

http://chartgame.com/start.cgi

Skyzer, I'm not arguing with anybody, but you can clearly see we are touching a support line that has not been breeched (yet). Why the sell?

If you have no logical reason, that's OK too. I'm just asking.
Peace.

We're about to enter a huge fucking downtrend movement, be prepraed, im expecting at least 300 pips down. Im preparing to enter short positions now.

Will post analysis in a bit,