EURUSD

im not long... i dont have a sl.. im bearish still.. but watching the little bull form. waiting to see if bear counters.

The bulls tried to rally today but clearly missed the train.
This daily trend line shows what side of the market we are going in.

Could be a huge downer 180 PIPS ?

I think we are staring over the edge of a very big drop. Hoping for 2500 by the weekend.

Little bull from target 1.2896 ? Interesting.. :/

MERHABA

Ben de kendimi yalnız hissediyordum

Iyi bayramlar sana

Teşekkür ederim sana da iyi bayramlar.

http://cdn.forexfactory.com/images/attach/pdf.gif


2010-09-09_ASIA DAILY FOREX OUTLOOK - Majors (01h29 CET) 001.pdf (14.8 KB)



EUR/USD - to consolidate with risks skewed higher. Pair supported by improved investor risk sentiment, successful Portuguese auction of three-year and 11-year government bonds yesterday; Ireland's announcement it would split troubled Anglo Irish Bank into 2 banks to stanch its financial sector's woes. But EUR/USD gains tempered by lingering concerns about credibility of European bank stress tests, weaker-than-expected 0.1% gain in German July industrial production (vs +1% forecast). Data focus: 0600 GMT Germany August CPI. EUR/USD daily chart still negative-biased as MACD & stochastics in bearish mode. Resistance at 1.2763 (yesterday's high); breach would expose upside to 1.2876 (Tuesday's high), then 1.2918-1.2923 band (Monday's high-Aug. 18 high), 1.2959 (50% Fibonacci correction of 1.3333-1.2584 Aug. 6-Aug. 24 decline) and psychological 1.3000. Support at 1.2658 (yesterday's low, near 100-day moving average); breach would target 1.2623 (Aug. 31 low), then 1.2584 (Aug. 24 low), 1.2520 (July 13 reaction low), 1.2478 (July 6 low) and 1.2432 (61.8% Fibonacci correction of advance from June 7 low of 1.1875 to Aug. 6 high of 1.3333).



USD/JPY - to consolidate with risks skewed higher after hitting fresh 15-year low of 83.34 on EBS yesterday. Pair underpinned by JPY-funded carry trades amid positive risk sentiment (VIX fear gauge down 2.31% at 23.25), modest Wall Street gains overnight (DJIA up 0.45%, Nasdaq up 0.9%) as encouraging developments in Europe's banking sector offset latest U.S. Beige Book indicating economic expansion was continuing "with widespread signs of a deceleration compared with preceding periods", speech by President Obama acknowledging recovery "has been painfully slow". USD/JPY also supported by USD demand for import settlements, higher U.S. Treasury yields. But USD/JPY gains tempered by Japan exporter sales, fading expectations of Japan MOF yen-selling intervention in near term despite warning from Japanese Finance Minister Noda that intervention remains possible - many believe there will be no intervention until at least Sept. 14 when leadership of Japan's ruling party is decided. Data focus: 2350 GMT Japan 3Q business outlook survey, 0600 GMT Japan August preliminary machine tool orders, 1230 GMT U.S. July international trade, Sep 4 weekly jobless claims. USD/JPY daily chart mixed as MACD flat, stochastics in bearish mode near oversold. Resistance at 84.04 (yesterday's high), then at 84.26 (Tuesday's high) and 84.49 (Monday's high); breach would expose upside to 85.22 (Friday's high), then 85.92 (Aug. 30 high), 86.39 (Aug. 13 high, near 55-day moving average) and 86.88 (Aug. 2 high). Support at 83.34 (yesterday's low); breach would expose downside to psychological round-numbered levels from 83.00 down to 80.00, then 79.70 (around record low set April 19, 1995).



GBP/USD - to trade with risks skewed higher; spotlight on 1100 GMT BOE interest rate decision - all 14 economists polled by Dow Jones Newswires forecasting no change for 18th straight month. GBP/USD supported by positive investor risk sentiment, M&A news (Vodaphone PLC selling its China Mobile stake for around GBP4 billion), surprise 0.2% on-month rise in Halifax August UK house prices (vs forecast for 0.5% fall). But GBP/USD gains tempered by lingering concerns over negative impact of fiscal tightening on UK economic growth. Data focus: 0830 GMT UK July global goods trade balance. GBP/USD daily chart mixed as MACD bearish, but stochastics rising from oversold. Resistance at 1.5533 (yesterday's high); breach would expose upside 1.5580 (Aug. 30 high), then 1.5597 (Aug. 26 high), 1.5620 (Aug. 23 high), 1.5672 (Aug. 19 high) and 1.5707 (Aug. 16 high). Support at 1.5410 (hourly chart); breach would expose downside to 1.5341 (yesterday's low), then 1.5294 (Tuesday's low), 1.5123 (July 21 reaction low, near 100-day moving average and 50% Fibonacci correction of advance from May 20 low of 1.4230 to Aug. 6 high of 1.6002) and psychological 1.5000.



;-)

I think it'll go once more to 2740 and then dive.

The move below 2500 for a long long time begins tonight.

it's trying to go through 15min lower tl right now...
i cannot see any logic in pa these days.

btw: i like to read the reports on actionforex and often look up pivot points there. but what is bothering me is the sudden change of viewpoint in their outlooks. yesterday they said, the fall from 1.33 is finished, today (read: right now) they say, it is probably not finished... i can fully understand that no one actually likes to "invest" money right now, but keeps on taking profits where it is possible.

who told you you could use my gf for your avatar?.....jk

Just curious, what makes you so certain we will move below 2500?

IF eurusd breaks this daily channel than most likely there will be a huge fall and the continuation of the down trend of the longer time frames...even if it will be a fake break out 100 pip profit should be expected!!!

eid mubarak

your chart is not credible... you paint many exclamation marks and a big question mark on it... what is your opinion now? *g

Bounced off the 200MA - 1.28+

hopefully will down today

well nothing is for sure but the probabilities are high