EURUSD

Breakthough candle h1 , expect more to down, short continues .
fontu

Just my lines bottom out...around that area...plus their is alot of convergence of fibs and H-Support around that area...so I figure that will be a buy area. When its down around that area...everyone will be trying to short it to 1.30 and the other side will be turning it around to head back up. Just looks like a good area to flip it....just like this area looks really good for the area to flip it down...

If the USD is devalued then the debts we owe are "less", yes. QE will cause USD devaluation & if there is going to be $4T of it then E/U has a long way to run.

But the whole effect of QE is complicated. Supposedly, the extra liquidity is supposed to mean easier money, more lending, a stimulus to the domestic economy, etc. But the added liquidity doesn't get to main street, it gets absorbed in the carry trade (those gd speculators!) - it goes seeking higher yield. It goes to Brazil and other EM countries - and that is not a good thing, so those countries start taxing those inflows - ergo, the "currency wars" - it remains to be seen how it plays out.

The important thing to recognize is that the US govt has no problem at all with weakening the USD - and if there's going to be a "race to the bottom" then, by god, the USA will get there first.

As long as the price is printing higher highs and higher lows we are in an uptrend. 4085 has been touched. The price needs to take a breather before making a new higher high thus the retrace.

4100 is the next

4074/76 good resistance now me thinks...

is that a bullish engulfing candle on m15...

yes it is bullish engulfing candle, also another 15 mts time BBA mortage approval #'s will impact the EUR.
Cheers

There but H1 more stronger .
fontu

thats right that is more significant.still short imo

Hey kuroro, what do you make of that last hourly bar?

still half an hour of indecision.

PA on 50 ema m5 the real market makers have to kick in

small diamond eu aborted & usdx not ,broken to the full depth & now again at the neck line hs after asome bounce it should break down again to continue bear to the tl this time perhaps .
usdx more suseptible than eu & short will close at an early & long at any lows now .usdx at 76.98 now 88.
fontu

Well if 4030/32 gives way, I have nothing down to 3972/74...might be time to start looking for a short setup somewhere....

By the look of it, it's not looking as a reversal candle...a big candle like closing on its low is always suspect..and we need to wait another hour to see if there is a follow through to this move.
For sure i wont sell on this candle...at this stage i'd rather buy than sell...but no bounce so far so no buy yet.

Glad to see some of you guys are catching on this is a short market...

thanks....

PA break 4030 going short till 3998 the daily pivot as well as 61.8 fib level

For Long they should be looking around 1.3950-30 area for a bounce...were 2 area come together. Might get a bounce at 1.40 tho I dough it!

For Short if the market gets below 1.39 then its going to the low 1.30 area with a few 100-200 tick moves up along that way to 1.30 area.

Indecision, indecision...