EURUSD

DRAGHI SAYS ECONOMIC SITUATION COULD WORSEN but euro moving up

hello everyone, I want to ask, what percentage of bearish opportunity for today?

all economic news events for eur and usd are completely ignored by price movements since yesterday.

I see somewhere around 2980-3020 to be the final reversal zone, and after that a dive to 2700-2760:

http://www.forexfactory.com/showthre...18#post5309218

well, it's quite obvious now as it was a year ago..I reckon price have already discouted this "news".

looking 2940 - 50 . from here i gonna short. tp 2700 - 2750

everyone is waiting to kill the bull......tick tock tick tock , what makes the bulls think euro is out of trouble ?

am waiting for that 1.2000 in two months time.

@ Kampooj

Yes, 1.2980 is a real possibility (USD index), but I think 1.2940 (monthly PPZ) too

I love the openings and I think we ll know better in an hour

I know your a veteran but isnt this when someone says "welcome to Forex"?

Do you think it could be considered a strategy to wait until everyone in this forum finally gives up their bearish stance............ and then sell?

imho options are:
1.institutional traders are driving price up as they might predict massive plunge in euro, so more profits

2. do you really think they(ECB etc) will allow Greece to default? If you have ever been there(been living in Greece for 2 years) you would notice how much german,french and uk capital has been invested there

3. low euro means lower profits in export/import for eu zone, some might not like it...

yeah 1.298 is 23.6 fib level, good spot to take profits or try a small short... but the correction just broke and retested the daily trend line...so i would not wonder if it continues a bit more... at least to clean out the huge bundle of stops above 1.312

Short entries at 1.2910 and 1.2914 executed ...

Time 14h06 CET + 14h01 CET ...



;-|

The move from 2840 is reminicent of the spike we had on the H4 chart on October 26 that took the pair from 3800 to 4240 in 2 days.

Anyhow a good sell is awaiting anywhere in between 2940 and the upper limit being 3020, but 2940-2980 is more of a possibility, and it would probably be after 11:30 AM today.

I am expecting a similar type of drop that happened on the H4 on October 30th to happen on the smaller time frame after we hit the above target.

@Kampooj

if it breaks 1.2940 with a close above it, then we could see 1.3040 for sure, but the USD index has support 70 points away so 1.2980 could come into play

Hello guys!
My name'Andrea,I am Italian
This is my first post on your great forum.
I think that the EURO will rise after this good news
S & P investigated by the Guardia di Finanza

http://www.corriere.it/economia/12_g...7a1445db.shtml

perfect summary

I vote for 1.2980 can then reverse at 1.3020-40.

Hi Sarvegus,

I'm not certain if I understand your question, but if you want to know what percentage of traders are bearish, then you could have a look at a binary option website:

https://www.optionbit.com/traderoom.aspx

and you can see that 48% of traders there are bullish, and 52% bearish on EURUSD.

It's only one site, though, and it may not reflect the actual situation.

Kind regards

Everybody here is wondering why euro is climbing up and up.

So here what you guys need to know:

Many reasons to sell the euro, sure! Bad news, trend, Weakness of euro etc. Thats why. Currently 70-80% of traders are selling the euro. Lots of them with also many big lots.

Now just imagine, if the euro will fall. It would easily go to 26xx-25xx if the market were not manipulated! This 80% of traders will make huge wins (included you all). And this is exactly what the Markets want to avoid. Every time when we have clear weakness or strongness for one pair and the pairs takes his direction, traders go with it and hope and hope for more move. But what happens? The pairs turns agains all and is getting forced by big lions and fools traders easily. All news get ignored and the PA get totally lost.

You are all going on right direction, but still you are long. Not because your trading system or strategy is failed. It just the forcing area from big lions.

So what to do here? And how to win this mess?

1.Trade small and try to hedge as much as you can or simply avoid trading, still you see a big clear direction.
2. Work as much as you can with pending orders and not with live enteries.
3. Dont use 5 min chart for trading in this moves. Because it will give you lot of false signals, no matter which trading system or strategy.
4. Try to go with the lion side and not what your minds says!

Do this only, when you realize, that the market is going in wrong direction with FORCED moves and not with normal moves.

How to recognize forced moves?
Open 5 min chart and have an look on EU or GU. When you see a pair moves in one direction with 2 or 3 candels and than suddenly a big candle against it. And if this happens twice or three times, than be sure, it is getting forced. See chart.

This are one of lots of facts, what traders dont see or dont want to see. And thats why always fails.

Good luck