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EURUSD

  • #780,641
  • Apr 1, 2013 10:18am Apr 1, 2013 10:18am
short 51 tp38
  • #780,642
  • Apr 1, 2013 10:19am Apr 1, 2013 10:19am
Let the market do the dirty work
  • #780,643
  • Apr 1, 2013 10:22am Apr 1, 2013 10:22am
looks like its about to turn check for the spx
  • #780,644
  • Apr 1, 2013 10:22am Apr 1, 2013 10:22am
Forex: EUR/USD in session highs around 1.2840/45


FXstreet.com (Barcelona) - The single currency is trading in the upper end of today’s range so far, eyeing 1.2850 as the effects of the softer ISM are still hovering over the markets. Recall that the Markit Manufacturing PMI came in at 54.6 in March and the ISM Manufacturing at 51.3 vs. previous prints at 54.3 and 54.2, respectively.

Analyst Elwin de Groot at Rabobank expects the ECB to leave the refi rate unchanged at 0.75% on Thursday, adding, “Looking at the turmoil the recent Cypriot crisis ‘resolution’ has caused, a rate cut at this point would smack of uncertainty if not outright panic among the Governing Council”.

At the moment, the cross is up 0.32% at 1.2846 with the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, a breakdown of 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
Trade smaller than rational because the market is irrational...
  • #780,645
  • Apr 1, 2013 10:24am Apr 1, 2013 10:24am
Stocks are at the lows of the day and USD/JPY is at the lowest since March 6.
So far, offers at 1.2855 are holding but look for stops above. More offers at 1.2875 but the 200-day moving average is the key resistance point.
http://www.forexlive.com/wp-content/...13-330x235.png


After what looked like a breakout last Wednesday, the US Dollar Index is comfortably back in its recent trading range. The holiday and the start of a new month today are driving flows so the chance of uneven moves is high.
Trade smaller than rational because the market is irrational...
  • #780,646
  • Apr 1, 2013 10:31am Apr 1, 2013 10:31am
Whatever this is just taking advantange of thin market to drive eurusd up..
"You're solid gold, see you in hell"
  • #780,647
  • Apr 1, 2013 10:34am Apr 1, 2013 10:34am
Out of long @53 +11
Trade smaller than rational because the market is irrational...
  • #780,648
  • Apr 1, 2013 10:35am Apr 1, 2013 10:35am
Quoting SugarPink
Whatever this is just taking advantange of thin market to drive eurusd up..
as long as these lines on my charts are (still) working, man
  • #780,649
  • Apr 1, 2013 10:38am Apr 1, 2013 10:38am
Quoting ec_creep
as long as these lines on my charts are (still) working, man
yep! euro up is euro up
"You're solid gold, see you in hell"
  • #780,650
  • Apr 1, 2013 10:38am Apr 1, 2013 10:38am
Might have to wait to re enter long again while price is here.

Have existing long @94 and that is within the MM software's Price Saturation zone.

Will stand down and wait on Ms Market.

MM is #1 everything else is secondary.
Trade smaller than rational because the market is irrational...
  • #780,651
  • Apr 1, 2013 10:41am Apr 1, 2013 10:41am
Quoting Avir
Afternoon guys, just got here, anyone know why $SPX and EU going against each other?? bit confused here. Tnx Edit, had those had too much chocolate like i did over the weekend??
Money is moving around, sell here buy there nothing unusual. For E/U 1.2890 should tell the story.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 246 KB

  • #780,652
  • Apr 1, 2013 10:43am Apr 1, 2013 10:43am
may be we will see 1.2930 i am not sure but euro scenario is as excepted to some extent better to wait befor going short lets see may be we will end toughing 1.29 level
http://www.forexfactory.com/showthre...60#post6560960
all have a nice day
focus while relaxed to see better
  • #780,653
  • Apr 1, 2013 10:43am Apr 1, 2013 10:43am
Quoting Ken A
Money is moving around, sell here buy there nothing unusual. For E/U 1.2890 should tell the story. {image}
AGREED
Trade smaller than rational because the market is irrational...
  • #780,654
  • Apr 1, 2013 10:44am Apr 1, 2013 10:44am
Quoting EuroTraderJD
Might have to wait to re enter long again while price is here. Have existing long @94 and that is within the MM software's Price Saturation zone. Will stand down and wait on Ms Market. MM is #1 everything else is secondary.
Agree, i have a bitchy red line at 87. Tnx for the screen shot
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #780,655
  • Apr 1, 2013 10:47am Apr 1, 2013 10:47am
Quoting Baz00ka
Hi,Can u please tell me why u say that its not short yet? i am interested in knowing ur view... please share it with me.Thank u. Also do u mind pm'ing me how ur chart looks like or anything which can help me out?
It is running on H1.. Tell me, by looking at the H1 chart, where does it say short? Just because it touched a level and pulled back a little doesn't mean anything.. To the contrary, it means it goes higher..
  • #780,656
  • Apr 1, 2013 10:49am Apr 1, 2013 10:49am
Quoting gatorinla
watch Brent/nymex spread. the more it lessens means less demand for one or more places like japan, china, or Europe. they will still have to heat/cool the home. but industry will go to the cheaper cost. so more domestic oil adds to gdp. less oil imports reduce trade deficit.
don'tforget about new usa cheap rock oil .but who needs oil money we have 4x
focus while relaxed to see better
  • #780,657
  • Apr 1, 2013 10:49am Apr 1, 2013 10:49am
Quoting Avir
Agree, i have a bitchy red line at 87. Tnx for the screen shot
YW
Trade smaller than rational because the market is irrational...
  • #780,658
  • Apr 1, 2013 10:51am Apr 1, 2013 10:51am
Quoting attila
It is running on H1.. Tell me, by looking at the H1 chart, where does it say short? Just because it touched a level and pulled back a little doesn't mean anything.. To the contrary, it means it goes higher..

Here's the chart.. It's topped off but it doesn't mean it'll turn now.. It only means "pay attention"..

https://www.tradingview.com/x/iaZJBybm/
  • #780,659
  • Apr 1, 2013 10:52am Apr 1, 2013 10:52am
Quoting EuroTraderJD
YW
Sorry, i was meant to reply to @Ken lol what is YW?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #780,660
  • Apr 1, 2013 10:53am Apr 1, 2013 10:53am
Quoting SugarPink
yep! euro up is euro up
the whole trend is down, right, my shorts have been bigger. always uneasy, emotionally, each time I've gone long. better keep my mouth shut, otherwise, I might get some treatments, lol.

aren't you concerned with this 4th of april? jpy, gbp, and eur... what an effing day will that day be.
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