EURUSD

H4 indicates EU is going up, but where to?

I just opened a short on EU, looking for 30-60 points based off H1 looking like we could get a nice momentum run down with stop just above swinh high- classic. Only bad on my part, didnt want to wait for spread to go down so I paid a 2.5 pip spread as opposed to 1-1.5 normal spread that usually occurs in about 2 hours.

going south?..we are at lows again..sell at a low is not a good plan current levels are pivots and supports it would have to show further weakness. In my view it will be choppy and sideways until London

will be buying the lows again into 1.23 I anticipate another impulse or truncation of wave 5 according to H4 will be selling any rallies
es touched resistance on friday 1405. That rally was unreal...wait and see game i guess

a day above 1407 will see even bigger rally

Hello.

Good week for everybody, and i´m gonna start adding another sell.
Second sell, sl behind the high of the last candle.


Health for all.

Price is stuck for a while.

Reposting my view for this week (posted on Friday). Very neutral, I think we test 2330/50 and go lower.

Showing weekly close just @ 2288 on my ECN broker, 2287 on my non ECN. (can anyone confirm this??)

We seem to close around 2287 a lot of the weeks lately....

2240s was 50% fib of 2040 to 2445, no surprise we bounced there.

Good news for bulls I guess.

I have no idea what will happen next. Could shoot up just as easily as it could go test that channel line and fail.

For the bulls, I simply will post this chart. We are bearish on all time frames (except maybe the 15m but its rolling over)and my favorite 4HR. Going to be tough to be hard to go higher from this point, we need to go lower first IMO.

Not only has the hopium died and fundamentals taken over again, but so have the technicals.

I will be looking for shorts only next week most likely. Maybe a long at the trend line to see how it reacts.

But you need to realize, it's the EURO, and nothing is going to change from U.S. unemployment getting worse. We need a change in monetary policy for a sustained move higher.

At the same time, this is the most neutral I have been in a long time. Like I said technically I think bulls and bears both have a strong case, fundamentally bears win of course.

The trend is your friend, and right now, all trends point to down (well, except for this bull channel i guess).

There is a bull divergence on 4hr, that helps the bulls as well. I am very neutral so will be nimble with short entries next week.

Hope you all get something out of my charts.

Good luck this week!


E/U 4HR

I guess...but i know quite a few pro traders who are short heavily on es

2269 looks like a good support

ES going to double top in low 1400s so we can finally get the down move needed for QE3 to be justified (and for Euro bulls to be justified)

EUR must visit 1.2260 area

Why ??

I don't disagree.... but why is Thursday's low an important level for you?

There was a line missing in the previous one from 2259 back up to 2304, changing the flow a bit.. In other words 2259 being reached doesn't necessarily mean it will continue downwards. Anyway, all tradeable set ups on a break/hold below/above on the corresponding time frames.. If nothing else, levels to watch out for where the price might react... It could be a bounce, or a full reverse, or crickets. All will be dictated by the PA at that time..

It is for me too... Just the way it bounced around last week and the levels it opens below if the price goes under it and holds there.. It opens 2168 and even 2040 lower..

yup...below 2250 looks like some free air....

I can see some downwards pressure atm, but it's low liquidity so..

The low of the London session openning range that I use is sitting right at 2260.... thats Friday's level. So I will let London lead the way in the am...

this agree : P For now, not a good time to listen to draghi and euro bulls.

and the euro lolll