Trading EURUSD only

THIS MY WEEK CALL

http://www4.0zz0.com/2013/04/09/05/782994829.jpg

TARGET THIS WEEK AROUND 1.3217 * +10 OR - 10

SL WILL BE 1.3010

GOOD LUCK GUYS

Now is your time bro ... Pushed down as hell

TA from TC


EUR/USD intraday: caution. Pivot: 1.3005

Our preference: Long positions above 1.3005 with targets @ 1.307 & 1.3105 in extension.

Alternative scenario: Below 1.3005 look for further downside with 1.2965 & 1.2935 as targets.

Comment: the pair is facing a down move as the RSI is posting a bearish divergence, caution.

Key levels
1.3135
1.3105
1.307
1.3018 last
1.3005
1.2965
1.2935


Ticker : EUR
http://www.tradingcentral.com/chart/...0134991311.GIF

long @48

Ranging now, little doing!

JK on FX video and commentary

http://www.jkonfx.com/

Good observation bro.

I put this trade on as soon as I got up. The indos gave me the OK but then Ms Market back peddled a bit. No worries I think we are going up at least to my entry today and if not in time.

Euro on autopilot as FOMC minutes loom

FXstreet.com (Barcelona) - The single currency continues to trade in a narrow range this week, despite edging above 1.3000 after last week’s ECB decision and poor US jobs report.
Last night’s speech by Fed Chairman Bernanke highlighted the fact that the Fed is in no rush whatsoever to scale back or halt the ongoing QE programme in the near or medium term, supporting the EUR/USD. Furthermore, the cross should find extra support as Japanese investors look to be starting to take advantage of the increased and cheap liquidity pumped by the BoJ, seeking higher yields outside the domestic borders.

… 1.2900 the line in the sand?

As long as the cross navigates above the key 200-day moving average in the boundaries of 1.2900, the upside should remain alive. The euro docket ahead in the week would pose no downside threat a priori, being the potential market-movers the above mentioned FOMC minutes due tomorrow and the US retail sales due on Friday.

The political noise surrounding Italy, Cyprus and Portugal as of late seems to be dying off as these fronts remain curiously (dangerously?) quiet. Fair is to say that any progress in the direction of some sort of government in Italy would be another source of euro strength, although the triad of protagonists – Bersani, Berlusconi and Grillo – continues to debate the matter within their own parties, leaving President Napolitano and the entire Italian population scratching their heads.

From a technical perspective, the cross is extending its trading beyond the downtrend channel set from February highs above 1.3700 and hovering over March highs at 1.3050 (March 25th). The immediate hurdle awaits around 1.3075 (38.2% Fibonacci retracement of the July 2012-February 2013 upside), en route to the region of 1.3100/20, where sit the March 15th high and the 38.2% retracement of the February-April slide.
On the flip side, support levels align at 1.2890/95, where sits the 200-day moving average, reinforced by December lows around 1.2880/85. A dip beyond that would expose the region of 1.2660/80, where converge the 61.8% retracement of the summer’12-February’13 ascent and November lows.

Pipnography


http://www.forexfactory.com/attachme...1&d=1365505724

EU playing the CONfidence game

 

1. Still looking to converged avg objective at 1.3150-60
2. Hearing large European investors entering tentative longs
3. Asian cbs also underpinning the renewed confidence push
4. FI markets also reflecting blase attitude to negatives
5. We expect EUR affair to be a short term commitment
6. Portugal austerity/Italy politics provide nt banana skins

Can EU rely on Germany?

The euro zone may not be able to rely on Germany to drag it out of recession. Germany sends 40% of its exports to other euro countries, many of which are in the throes of austerity and recession. Recent data have drawn a mixed picture in Germany. Industrial production and orders data suggested hard data was catching up with sentiment indicators. German exports fell 1.5% mth/mth in Feb. Imports tumbled 3.8%, suggesting German consumers lack the confidence to make up the demand shortfall. Chart of German exports as a % of GDP: http://link.reuters.com/tad77s

EUR/USD – Euro Moves Higher on Strong German Data

http://forexblog.oanda.com/20130409/...g-german-data/

EUR/USD Technical Analysis 04.09.2013

EUR/USD Technical Analysis– Prices continue to push higher after putting in a bullish Harami candlestick pattern. Buyers narrowly broke above the 1.30 figure, exposing the 23.6% Fibonacci expansion at 1.3139. Trend line resistance-turned-support is at 1.2975, with a break back below that eyeing a larger downward-slowing barrier at 1.2783as well as the March 27 low at 1.2750. We continue to hold long.
http://media.dailyfx.com/illustratio..._Picture_5.png

I still think your chances are good, but it's finding tough resistance around 1.3050, and I wouldn't know why as it has been higher in the previous 12 hours

Agreed. I am still optimistic based on the 5 & 15 are still up, the PA is above both and the 5 is above the 15 and RSI3 is above 50.

I see 54 as some resistance supply zone

I think NY will kick Ms Market in her a*s and sent it up to the days highs.

Euro Breifing

[LONDON, 9 April, 12.45GMT] EUR/USD up from 1.3009 to 1.3068 in Asia as it rallied beside strong demand for EUR/JPY and presented an opportunity to trip 1.3050 stops. The cross peaked just shy of 130.00 barriers, before dropping back beside USD/JPY on misinterpreted comments from Jpn PM Abe advisor Hamada. EUR/USD posted 1.3006 before buyers emerged in front of well touted 1.3000 bids. Large European investors entering tentative longs, but sellers looking for levels at/above 1.3100. Option expiries at 1.3035, 1.3050 and 1.3060 have contained price action since. Bids at 1.2980-70-50 and offers from 1.3080-1.3100 with stops above. Recent chatter of Japanese investors moving in to European based bonds as BOJ makes the local JGB less attractive, is proving EUR supportive and some say lack of assaults on Italian/Spanish debt markets is due to Japanese demand. If we do manage to get to the 1.3100 handle, resistance is strong at 1.3110 (38.2% of the 1.3711/1,2740 move), while 100dma, 55dma are around 1.3150, along with high since 28 Feb at 1.3162.

it's wierd how 1.3050 is so hard to penetrate. there must be sellers there

Agreed. Its one of those psychological numbers like 00 and 50

1. EUR/USD boosted by strong EUR/JPY demand
2. Talk Japan investors of European bonds also supportive
3. Bears looking for selling opportunities on 1.3100 handle
4. Plenty of technical resistance 1.3100-1.3150

Here is my updated chart from yesterday and I nailed the top, so from here we can go to 3129 or back down to 2940 or lower