EURUSD | Page 13731 | 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

  • #274,601
  • Jul 23, 2010 10:10am Jul 23, 2010 10:10am
Quoting moonchild
I could not really make sense of the dramatic rise in EU this week. I wonder whether traders finally realized that nothing about the EEU situation had changed and there was really no reason for the euro to be appreciating.
I think the rise in EU is more due to the depreciating of the Dollar. There were quite a few US economic data this week with Bernanke testifying and all.

I think with Banks passing the Stress test which is rumored to be most liikely the case, the EU will rise more but if any of the banks not seen passing the test, the EU will fall BIG.

My 2 cents
Make your losses in demo. Earn your profits live.
  • #274,602
  • Jul 23, 2010 10:14am Jul 23, 2010 10:14am
Daily chart . Let's see if 50 % fibo and 38.2 % fibo break.
Attached Image (click to enlarge)
Click to Enlarge Name: eU.JPG Size: 197 KB
  • #274,603
  • Jul 23, 2010 10:15am Jul 23, 2010 10:15am
Mixed signals #2112
  • #274,604
  • Jul 23, 2010 10:15am Jul 23, 2010 10:15am
Looks like a break of the top of the triangle is likely in my opinion.
Probability Professor
  • #274,605
  • Jul 23, 2010 10:18am Jul 23, 2010 10:18am
Newb question about this - please correct me if I'm wrong...

That is an ascending triangle which under normal circumstances would mean a possible break to the downside? However since the news is about to be released, is the influence of the triangle negated?

Quoting Galation
Watch this ascending triangle for break up or down; could possibly be important for a directional move.
  • #274,606
  • Jul 23, 2010 10:18am Jul 23, 2010 10:18am
As i said few days ago; stress test will not able to impress traders to buy euro and that's why bull tried to stay above 1.30 by ECB intervention. It was really nice trick to give some bull strength.
Bull has come back with cheating way. GTH
You cannot learn better without losing
  • #274,607
  • Jul 23, 2010 10:18am Jul 23, 2010 10:18am
Quoting Galation
Looks like a break of the top of the triangle is likely in my opinion.
ive been noticing a lot in the past couple days that a lot of pennants have been breaking out one way as a fakeout, then shooting the other way....
  • #274,608
  • Jul 23, 2010 10:20am Jul 23, 2010 10:20am
Quoting SaviorSix
Newb question about this - please correct me if I'm wrong...

That is an ascending triangle which under normal circumstances would mean a possible break to the downside? However since the news is about to be released, is the influence of the triangle negated?
The continuation pattern of the triangle will mean nothing if the news is clear and strong for the Euro, or weak for the Euro.

You're right, it's like a bear flag but I think price will react different in these exceptional circumstances.
Probability Professor
  • #274,609
  • Jul 23, 2010 10:23am Jul 23, 2010 10:23am
No excitement here unless the 27xx/50 levels are breached. This market is tired, but it doesn't take much Power to respond to Gravity.... current candle close at 12pm EST

Stay nimble.... stay very nimble...

Attached Image (click to enlarge)
Click to Enlarge Name: 8h LnC.png Size: 83 KB
FUBAR...
  • #274,610
  • Jul 23, 2010 10:23am Jul 23, 2010 10:23am
I think a break of 1,2846 could send it up again; but that's speculation at it's best. Let's wait to see the results of the stress test shall we!
Probability Professor
  • #274,611
  • Jul 23, 2010 10:23am Jul 23, 2010 10:23am
in fact i was looking at the thread to try to find the day of us stress tests to see behaviour of market on that day. directly up or down or shakeout before direction takes place.i believe this could set pace for the rest of the year and therefor such news could shoot one way or the other without shakeout.

hapipipin

Quoting mfoste1
ive been noticing a lot in the past couple days that a lot of pennants have been breaking out one way as a fakeout, then shooting the other way....
dreams do come true.
  • #274,612
  • Jul 23, 2010 10:37am Jul 23, 2010 10:37am
Quoting forexings
As i said few days ago; stress test will not able to impress traders to buy euro and that's why bull tried to stay above 1.30 by ECB intervention. It was really nice trick to give some bull strength.
Bull has come back with cheating way. GTH
http://seekingalpha.com/article/2161...tress-tests-be
You cannot learn better without losing
  • #274,613
  • Jul 23, 2010 10:39am Jul 23, 2010 10:39am
As the camel started raising the neck I closed shorts but not taken long yet , wait to news effects if the down levels have reached then .Anyway price likely ready at a higher levels before the news .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #274,614
  • Jul 23, 2010 10:48am Jul 23, 2010 10:48am
Quoting fontu
As the camel started raising the neck I closed shorts but not taken long yet , wait to news effects if the down levels have reached then .Anyway price likely ready at a higher levels before the news .
fontu
are you expecting down move with it??

Ub
  • #274,615
  • Jul 23, 2010 10:48am Jul 23, 2010 10:48am
Remember, the Daily pivot must be tested as I have said before. We are doing that now and a test and hold would open the door for more downside. Looks like that is happening. This morning price did a blow by on the DPP, and that in itself could mean downside.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #274,616
  • Jul 23, 2010 10:52am Jul 23, 2010 10:52am
now what LOL

Quoting Nene
Remember, the Daily pivot must be tested as I have said before. We are doing that now and a test and hold would open the door for more downside. Looks like that is happening. This morning price did a blow by on the DPP, and that in itself could mean downside.
dreams do come true.
  • #274,617
  • Jul 23, 2010 10:55am Jul 23, 2010 10:55am
Quoting ubaidahsan
are you expecting down move with it??

Ub
when we can expect a great up move there initially can be down one before that , possible so waiting taking long till news effects and it should need a good time for proper interpretation time so may some time to effects too & by that time to fro possible .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #274,618
  • Jul 23, 2010 10:56am Jul 23, 2010 10:56am
Quoting wannaberich
now what LOL
Buy the rumour, sell on the news.
  • #274,619
  • Jul 23, 2010 10:56am Jul 23, 2010 10:56am
Quoting wannaberich
now what LOL
wait. walk over the dead body's.
those who can, do. those who cant, talk about those who can
  • #274,620
  • Jul 23, 2010 10:58am Jul 23, 2010 10:58am
Right under the 50% retrace daily high to low.
338 traders viewing now