New voice message: Why are you calling me? If I need you, I'll call you!
- #666,641
- Jul 8, 2012 6:28pm Jul 8, 2012 6:28pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
- #666,643
- Jul 8, 2012 6:46pm Jul 8, 2012 6:46pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
EUR/USD 1.2225-1.2300 (Immediate Range)
EUR/USD 1.2151-1.2401 (Larger Range)
EUR/USD - to consolidate with bearish bias after hitting two-year low of 1.2225 on EBS this morning. Undermined by negative global risk sentiment after disappointing U.S. June non-farm payrolls report; doubts about the June 29 European Union rescue deal after senior EU official said that euro-zone countries would still have to guarantee the loans their banks receive from the European Stability Mechanism even if the permanent bailout fund directly recapitalizes them, and that the creation of a central euro-area banks' supervisor won't be in place until the second half of 2013; rise in Spanish 10-year yields to 7% Friday; worries about euro-zone economic slowdown. Data focus: 0600 GMT Germany May manufacturing turnover; EU finance ministers' meeting in Brussels. EUR/USD daily chart negative-biased as MACD & stochastics bearish; 5-day moving average below 15-day MA and falling. Support at 1.2225 (morning's low); breach would expose downside to 1.2151 (June 29, 2010 low), then the psychological 1.2000 line and 1.1876 (June 7, 2010 bottom). Resistance at 1.2300 (hourly chart), then at 1.2401 (Friday's high) and 1.2538 (Thursday's high); breach would expose upside to 1.2608 (Wednesday's high), then 1.2627 (Tuesday's high), 1.2681 (July 2 high) and 1.2693 (June 29 high reaction high).
Good luck!
EUR/USD 1.2151-1.2401 (Larger Range)
EUR/USD - to consolidate with bearish bias after hitting two-year low of 1.2225 on EBS this morning. Undermined by negative global risk sentiment after disappointing U.S. June non-farm payrolls report; doubts about the June 29 European Union rescue deal after senior EU official said that euro-zone countries would still have to guarantee the loans their banks receive from the European Stability Mechanism even if the permanent bailout fund directly recapitalizes them, and that the creation of a central euro-area banks' supervisor won't be in place until the second half of 2013; rise in Spanish 10-year yields to 7% Friday; worries about euro-zone economic slowdown. Data focus: 0600 GMT Germany May manufacturing turnover; EU finance ministers' meeting in Brussels. EUR/USD daily chart negative-biased as MACD & stochastics bearish; 5-day moving average below 15-day MA and falling. Support at 1.2225 (morning's low); breach would expose downside to 1.2151 (June 29, 2010 low), then the psychological 1.2000 line and 1.1876 (June 7, 2010 bottom). Resistance at 1.2300 (hourly chart), then at 1.2401 (Friday's high) and 1.2538 (Thursday's high); breach would expose upside to 1.2608 (Wednesday's high), then 1.2627 (Tuesday's high), 1.2681 (July 2 high) and 1.2693 (June 29 high reaction high).
Good luck!
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #666,644
- Jul 8, 2012 6:54pm Jul 8, 2012 6:54pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
EUR/USD 1.2225-1.2300 (Immediate Range)
EUR/USD 1.2151-1.2401 (Larger Range)
EUR/USD - to consolidate with bearish bias after hitting two-year low of 1.2225 on EBS this morning. Undermined by negative global risk sentiment after disappointing U.S. June non-farm payrolls report; doubts about the June 29 European Union rescue deal after senior EU official said that euro-zone countries would still have to guarantee the loans their banks receive from the European Stability Mechanism even if the permanent bailout fund directly recapitalizes...
yen news in 2 min
If you are new to Forex? Say Goodbye to your account!!
- #666,647
- Jul 8, 2012 7:10pm Jul 8, 2012 7:10pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #666,649
- Edited 7:42pm Jul 8, 2012 7:17pm | Edited 7:42pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #666,651
- Jul 8, 2012 7:46pm Jul 8, 2012 7:46pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #666,652
- Jul 8, 2012 7:55pm Jul 8, 2012 7:55pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
FYI
Sunday 1st M1 bar high was 1.2336 at 19:16 London time on bloomberg terminal.
And there is no data below 1.2251 since than
That period is filtered by Bloomberg. as non relevant.. http://www.reuters.com/article/2012/...8I80F820120708
- #666,653
- Jul 8, 2012 8:12pm Jul 8, 2012 8:12pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #666,654
- Edited 8:30pm Jul 8, 2012 8:18pm | Edited 8:30pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Who cares what you think ... if non-relevant or not ... when several finance services including well known swiss banks (from which you think they are showing off) can provide some branches and offer their clients such prices in order that their customers can benefit from such prices at any order size at this point of time whereas others might wait for that limits to catch them ?
Was soll's?!
you dont need to be pissed on me.. read again.. as far I checked last time.. the word "USUALLY" doesn't mean "ALWAYS". I also said I am not at home to see who is trading..
Great..
I'll have a look when I get back home..
From my experience and my contacts with the banks.. I know that those moves "usually" made by some small banks over the thin market hours... in advertising maters, showing off ect. ect.. ..
Cheers
bad day? week ?P.s.
If they are relevant for trading.. go ahead.. and trade those ..
- #666,655
- Jul 8, 2012 8:21pm Jul 8, 2012 8:21pm
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #666,656
- Jul 8, 2012 8:24pm Jul 8, 2012 8:24pm
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #666,658
- Jul 8, 2012 8:38pm Jul 8, 2012 8:38pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #666,659
- Jul 8, 2012 8:43pm Jul 8, 2012 8:43pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I don't feel pissed by that ... and I don't need to take a breath ...
I'm absolutely calm ...
The only thing that counts in this case is that market has been there ... and it is not a matter of "so-called relevance" ...
###
In this case you seems to have missunderstood me too then ...
###
To be hounest ... sometimes it seems as if members search for some "so-called reasons" to avoid a little bit trading activity ...
Then many do say such things like thin market etcetera ... or "low volume" and such things ......
all good mate... all good.. 
- #666,660
- Jul 8, 2012 8:49pm Jul 8, 2012 8:49pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
"Men who can both be right and sit tight are uncommon."