EURUSD - why did the market suddenly go flat? | Forex Factory

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EURUSD - why did the market suddenly go flat?

  • #1
  • First Post: Edited 8:40pm Nov 7, 2012 6:42pm | Edited 8:40pm
Below is a 15-min chart of EURUSD.

Would someone care to explain why the market suddenly went flat minutes after the US open?

I thought that this should be a high volatile time (the hours shared between US and London markets http://forexquestions.info/forex-trading-hours.html), and the market is usually not ranging.

Is there some reason why were no momentum during the past few hours?

Thank you
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  • #2
  • Nov 7, 2012 7:24pm Nov 7, 2012 7:24pm
Quoting Kenawee
Below is a 15-min chart of EURUSD.

Would someone care to explain why the market suddenly went flat minutes after the US open?

I thought that this should be a high volatile time (the hours shared between US and London markets http://forexquestions.info/forex-trading-hours.html), and the market is usually not ranging.

Is there some reason why were no momentum during the past few hours?

Thank you
perhaps the market reached equilibrium, as you can see the sell off came last night and did not carry through NY open.....if buy orders are more dominant today we will see price moving upward probably to the 1.2810 area or so..... but if the USD continues to strengthen tonight and or if EUROZONE news continue to affect the EURO negatively you will see another down push towards 1.27.

why flat you ask? buy and sell orders did not significantly over power each other in either way.
AVT INVENIAM VIAM AVT FACIAM
  • #3
  • Nov 7, 2012 7:48pm Nov 7, 2012 7:48pm
Quoting Kenawee
Below is a 15-min chart of EURUSD.

Would someone care to explain why the market suddenly went flat minutes after the US open?

I thought that this should be a high volatile time (the hours shared between US and London markets http://forexquestions.info/forex-trading-hours.html), and the market is usually not ranging.

Is there some reason why were no momentum during the past few hours?

Thank you

It seems to me that in the last several months, the US session (for the most part) SUCKS.

Maybe the regulators got their way.... whatever. The DOW and S&P can move forcibly in
one direction or another but currencies consolidate 'til the end of US session.

Not always of course........

but .... damn you Obama and your Dodd-Frank Act

No... I'm not a terrorist and otherwise think Obama is pretty cool so please don't put
me in jail. !!

OK
When the Joker is in the deck.. fear not and play it well
  • #4
  • Nov 7, 2012 8:05pm Nov 7, 2012 8:05pm
I agree, the market seems to fighting in the one position, on one had a strong support area around 1.28 ( i know it is below now ) and on the other sellers trying to sell it down to 1.2650.. As the fight has been going a while now i would not be surprised that we got another bull run soon.. Maybe this time even break 1.3170.. Just some thoughts..

Quoting the redlion
perhaps the market reached equilibrium, as you can see the sell off came last night and did not carry through NY open.....if buy orders are more dominant today we will see price moving upward probably to the 1.2810 area or so..... but if the USD continues to strengthen tonight and or if EUROZONE news continue to affect the EURO negatively you will see another down push towards 1.27.

why flat you ask? buy and sell orders did not significantly over power each other in either way.
  • #5
  • Nov 7, 2012 8:28pm Nov 7, 2012 8:28pm
Quoting tinny79
I agree, the market seems to fighting in the one position, on one had a strong support area around 1.28 ( i know it is below now ) and on the other sellers trying to sell it down to 1.2650.. As the fight has been going a while now i would not be surprised that we got another bull run soon.. Maybe this time even break 1.3170.. Just some thoughts..
Sorry, I didn't realize this thread was only about EUR/USD
My bad

Anyways "a strong support area around 1.28" I've been told that strong support becomes resistance once broken... mostly wrong of course.

Depending on the flavor of the day

All the best

btw..... does FF have a slightly different format now or am I more lost than I thought?
No matter...

.... except for the fact that I don't like it.
When the Joker is in the deck.. fear not and play it well
  • #6
  • Nov 8, 2012 3:49am Nov 8, 2012 3:49am
@the redlion
Yes, seems like it is flat because there is no momentum and also no big activities, but I was wondering why it happened so dramatically.

@tinny79
Thank you for the insight


@Slim Buffett
You are right. It is very clear now that it was the US session that sucked big time. If you see here this 15-min chart, you will notice that both London and Asia sessions had some momentum, but the U.S. session lacked both bias and volatility.

Oh, about FF new look, yes it is new. I do not feel anything for it, I neither like nor dislike it. I have been here active just for a week, so I haven't really gotten used to the old look anyway.

Peace and love to everybody
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  • #7
  • Nov 8, 2012 5:05am Nov 8, 2012 5:05am
Market waited Greek parliament vote, and on technical side that was a bear flag.
  • #8
  • Last Post: Nov 8, 2012 6:06am Nov 8, 2012 6:06am
Quoting fx111
Market waited Greek parliament vote, and on technical side that was a bear flag.
Thank you, now we know.
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