Trading EURUSD only

Level 1.3113 38.2% retracement form 1.3710 to 1.2745 taged if we not going to retrace from here next step will be 50% @ 1.3227

If we going to retrace down levels of interest will be level 1.3027 23.6% from 1.2745 to 1.3114 and then level 38.2% @ 1.2973
Attached Images (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1365580718 http://www.forexfactory.com/attachme...1&d=1365580734

Hmm...is this the the end...??? Each move going up is smaller and smaller...but it is still in the upwards channel....

out of long @84 for +16

EUR/USD rejected from 1.3120

FXstreet.com (Barcelona) - The single currency is trading back around the key mark at 1.3100 on Wednesday, after comments by Luxemburg PM, J.C.Juncker, saying that the euro area would remain stuck into recession have undermined the ongoing upside.

“Recent spread tightening on the European bond market justifies EUR/USD at current levels and with trading accounts most likely still fairly short, potential remains for a further correction higher”, added S.Holbek, Senior Analyst at Danske Bank.

As of writing, the cross is up 0.13% at 1.3100 with the next hurdle at 1.3135 (high Mar.8) ahead of 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).
On the downside, a dip beyond 1.3006 (low Apr.9) would then target 1.2963 (low Apr.8) en route to 1.2928 (MA10d).

Euro Techs

 

1. Key resist breached and the bias remains with the bulls.
2. Upper Bolli @ 1.3107/38.2% fibo of Feb/Apr slide @ 1.3111 hit. 1.3115 tops
3. Stick with buying dips until clearer signals a end to the bull run are seen
4. Below 1.2926/28 MAs re-evaluates

TA from TC

EUR/USD intraday: the upside prevails. Pivot: 1.306

Our preference: Long positions above 1.306 with targets @ 1.3135 & 1.316 in extension.

Alternative scenario: Below 1.306 look for further downside with 1.303 & 1.2995 as targets.

Comment: the pair is supported by a rising trend line and is challenging its previous high.

Key levels
1.319
1.316
1.3135
1.30966 last
1.306
1.303
1.2995


Ticker : EUR
http://www.tradingcentral.com/chart/...1341011268.GIF

Hello Robby:

On your chart it shows a buy and sell at about every ideal place to buy and sell. Is this some kind of custom indicator ?

The price action at that last buy at the upper right on the chart looked awfully tricky to me. Please explain.

Thanks

take another 1/2 into rally

Keep in Mind the FOMC minutes at 1pm CT.

Morning traders. The pair will definitely close above .31, I however have two shorts @904 and .908. Waiting and hoping that there some down movement before it climbs up for good.

JK on FX video and commentary

http://www.jkonfx.com/

USD to benefit from less-dovish FOMC minutes - DailyFX

FXstreet.com (Córdoba) - The greenback struggled to hold its ground on Tuesday, but according to David Song, Currency Analyst at DailyFX, "the weakness is likely to be short-lived as the Federal Reserve strikes an improved outlook for the world's largest economy".

In the analyst's view, the FOMC Minutes highlights the biggest event risk for the next 24-hours of trading, "and the fresh batch of central bank rhetoric may increase the appeal of the reserve currency as a growing number of Fed officials show a greater willingness to adjust the asset purchase program", he says.

"As the economic recovery gradually gathers pace, we should see the FOMC slowly move away from its easing cycle, and the shift in the policy outlook should prop up the greenback over the near to medium-term as the central bank drops its dovish tone for monetary policy", Song concludes.
Trade smaller than rational because the market is irrational...

Morning bro

USDJPY Plunges As BOJ's Kuroda Says Has "Done What Is Necessary And Possible For Now"

How you doing?
Hope your prediction holds and the USD finally shows it's strength. It's been reacting rather weakly for the last two week.

Short @ 89 now ITM

E breaks resistance and bulls charge

 

1. EUR/USD +0.1%; USD/JPY +0.2%; EUR/JPY 0.3%; USD/CAD -0.2%
2. EUR breaks key resistance, bulls charge
3. USD/JPY closes in on 100.00, aiming for 61.8% retrace of 2007-11 drop
4. USD/CAD heads south; techs favour the bears
5. Fed FOMC minutes, 18.00GMT; Dallas Fed's Fisher speaks, 21.00GMT
6. Charts: http://link.reuters.com/qag37t, http://link.reuters.com/keg37t

[LONDON, 13.05GMT April 10] EUR/JPY a main driver of EUR/USD strength over recent sessions and helping the pair through 1.3100 in NY Tuesday. Gains extended to 1.3122 in early London and has now almost broken the back of a 2mth bear trend. This sixth session of solid EUR demand now targets the 1.3145-55 area where we see strong technical resistance. Bollinger top comes in at 1.3149, the 100dma at 1.3147 and the 55dma at 1.3153. There is also the March high at 1.3134 to contend with prior, while alleged 1.3150 barriers are also in play (not large). Initial tests on 1.3150 likely to run in to sellers, with plenty of offers scattered between 1.3130-50. A close above 1.3160 however, would signal a potential upside extension and as such, holds a rack of stops, many relating to pre 1.3150 offers. Initial rejections still likely to attract dip buyers, with bids seen in the 1.3070 area. NB- implied vols are at pre Cyprus lows, although buyers are coming back to take advantage of low premiums, especially for downside strikes.

EUR/USD eases to 1.3080/85

FXstreet.com (Barcelona) - The euro is now accelerating its correction lower towards the area of 1.3080/85 as risk aversion is creeping back to the markets ahead of the FOMC minutes.

“As we’ve pointed out recently though, the 1.3140/50 area (near the 100– and 50– day moving averages is the more important resistance level to watch. We become better buyer of a clean break above there, but would not be surprised to see a rejection lower in the short term”, commented S.Osborne and G.Moore, Strategists at TD Securities.

At the moment, the cross is flat at 1.3084 with the next resistance at 1.3135 (high Mar.8) ahead of 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).
On the downside, a dip beyond 1.3006 (low Apr.9) would then target 1.2963 (low Apr.8) en route to 1.2928 (MA10d).

1. Kuroda comments spook JPY shorts to drive EUR/JPY near 129.50 from 130.45
2. EUR/USD weighed on & slips, now testing s-t support ~ 1.3073/80
3. Some weak stops likely through that zone but Asian bids touted 1.3040/50
4. Break below April 9 low likely a bull concern, below the 200 DMA a bigger one
5. Rebound off upper Bolli & 38.2% Fib may have some bulls rethinking longs
6. Bulls need break of Feb 28 high (1.3163) to feel more confident