EURUSD

Ok , good job , I do never measure the fibs while abcd counting , not they do represent ew correction waves most time or nor try measure the lengths of each accurate , simply direction of movements within possible trendlines or sr do best for me .variation of lengths of each legs make it bull, bear or any , depending upon the pattern it ultimately take shape & rest simply intuition & impulses from old infarct brain.

better do correct from begining but never believe this correctness anytime though whatever method applied .Just from experienece . Things can be more complicated than any single or every method be applied together .
fontu

TOKYO (Dow Jones)--The dollar gained moderately against the yen and euro in Asia Monday due to buying from Japanese importers and regional hedge funds following a fall in the U.S. currency late last week.
Dealers said trade was quiet and that investors are focused on surveys of euro-zone business conditions due later in the global day, with any strength likely limiting further dollar rises.
France releases its purchasing manager's index for January at 0800 GMT, followed by Germany at 0830 GMT and the European Union as a whole at 0900 GMT.
"The PMI data will be the major focus for today, amid a lack of other major trading cues," said Yuichiro Harada, a senior vice president in the forex division of Mizuho Corporate Bank.
Strong PMI showings could add to euro-positive speculation that the European Central Bank will likely hike interest rates before the Federal Reserve, dealers said. ECB President Jean-Claude Trichet earlier this month expressed concern over recent price rises in the euro-zone.
The outcome Wednesday of the Federal Reserve Open Market Committee's first meeting of the year will provide market participants another chance to compare the relative monetary policy stances of the U.S. and European central banks.
Dealers said that the FOMC's annual rotation of voting members, which occurs this week, will bring in more hawkish voices. But they said the rotation itself will likely have no immediate impact on the foreign exchange market. That's because investors believe that, even with a more hawkish FOMC, any nearer term exit from the Fed's second round of quantitative easing won't occur unless jobs and other economic data show further improvement.
"There is talk in the market about the rotation giving the FOMC a more hawkish slant, and to an extent that's probably true," said Mizuho's Harada. "But the real focus is on when the Fed will end QE2, and it's not a given that a more hawkish FOMC would necessarily push for a quicker exit."
The outlook for the euro in the coming weeks could be further helped by any rises in oil prices, given how such increases may affect the ECB's monetary policy, analysts said.
"The ECB focuses on headline inflation and the FOMC on core inflation, so oil prices will likely have a larger impact on the ECB's policy stance," said foreign exchange strategists David Forrester and Yuki Sakasai of Barclays Capital in a research report. "The difference in the mandates for the Fed and ECB means that oil prices are an important driver of the euro-dollar."
At 0450 GMT, the dollar was at Y82.77 from Y82.57 late Friday in New York. The euro was at $1.3593 from $1.3620. The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies including the euro, was at 78.282 compared with 78.120. The euro was little changed against the yen at Y112.54 compared with Y112.48.

Interbank Foreign Exchange Rates At 23:50 EDT / 0450 GMT

Latest Previous %Chg Daily Daily %Chg
2150 GMT High Low 12/31
Dollar Rates

USD/JPY Yen 82.76-77 82.68-73 +0.10 82.81 82.55 +1.90
EUR/USD Euro 1.3586-89 1.3636-39 -0.37 1.3646 1.3587 +1.62
GBP/USD Sterling 1.5960-63 1.6000-05 -0.25 1.6010 1.5960 +2.37
USD/CHF Swiss Franc 0.9598-02 0.9565-73 +0.35 0.9632 0.9566 -10.30
USD/CAD Canadian Dlr 0.9938-42 0.9935-40 +0.03 0.9953 0.9933 -0.92
AUD/USD Australian Dlr 0.9878-81 0.9886-90 -0.08 0.9905 0.9865 +0.94
NZD/USD New Zealand Dlr 0.7589-99 0.7575-82 +0.18 0.7600 0.7570 -2.54

Euro Rate

EUR/JPY Yen 112.42-47 112.56-63 -0.12 112.63 112.29 +3.53
-By Andrew Monahan, Dow Jones Newswires

I think 4 hr candles are important too.....

But what if EUROPE opens in 2 hrs........

I think bear until Europeans at office and place trades by 9:30 to buy EURO

besides someone pointed out to me ( I don't know if they are right) that the 4 hr candles depend on which broker ........for example my new one starts in 1hr how about you......

bbakker; I agree with you... that is usually why the dumb arses make money and the smart arses lose their money.[/quote]

so u mean 4hrly and up candles not worthy to look at hmm i guess i have to rethink my stratagy

You will see your candles lit in 2 hours 45 minutes, and will feel brightness in 3 hours 12 minutes.

shorts or longs? no valid plays at all.. todays terrible. last weeks trend is out of steam

I didn't say that......just looking at a 4hr candle alone is not enough.....but your strategy must be working because it is bear now.....I am bear too.....so good luck.....

Good morning every body

2 shorts and target

Well if we continue to hold this support zone, I like a chance at 3647 or 3665....

Your support zone is also monthly R1.

Thanks for the heads up...

im all for picking tops and going short in an uptrend... but I don't think the euro money will be shorting this thing. I'm long target 1.3640+

ok so now support down at 3578-70..looking to probably buy there...

good luck speculators

be patience okay ..always look at higher tf for ur support and resistance.
with this 1hr candles you would not go long until u see breakout...

Heard some garbage earlier about sovereign bids from 3575 down to 3550. so if we get there ( which i personally hope we dont) there should be some good buying around those levels.

0707 GMT [Dow Jones] The EUR/USD, which has been pressured throughout trade in Asia Monday due to selling by Asian hedge funds and other players, will eye purchasing managers index reports from euro-zone members and the region as a whole due in the coming hours, dealers say. "The PMI data will be the major focus for today, amid a lack of other major trading cues," says Yuichiro Harada, a senior vice president in the forex division of Mizuho Corporate Bank. Strong PMI showings could add to EUR-positive speculation that the European Central Bank may hike interest rates before the Federal Reserve, dealers say. France releases its purchasing manager's index for January at 0800 GMT, followed by Germany at 0830 GMT and the index for the European Union as a whole at 0900 GMT. The EUR/USD is at 1.3581.([email protected])

The pair looks mixed for the day.

Buy @ 1.3580 for 60 pips or more (SL 40) which is aggressive or
Buy @ 1.3540 for 80 pips (SL 40) which is more conservative

Sell @ 1.3580 for 60 or more (SL 40) aggressive or
Sell @ 1.3690 for 90 pips (SL 40) conservative.

Good way to execute signals would be to take a confirmation on the candlesticks or the TF you're following. After the open of the European open the above signals work far better.

a good support there though anything can happen