EurAnalysis

A fall below 200 MA suggests a top is in place...

 

1. Normally hawkish ECB Weidman's comments has taken away bullish plank for EUR
2. Weidman left door open for interest rate cut if upcoming data warrants it
3. Previously EUR bid vs JPY and USD due to aggressive BOJ and Fed easing policy
4. Support for EUR/USD at 1.2915/25 and break below would suggest top in place
5. The 61.8 of the 1.2740/1.3202 move at 1.2915 and 200-day MA at 1.2925
6. EUR/USD direction in Asia to be dictated by EUR/JPY flows

Interesting quote..."A gold top foreshadows a stock market drop; a stock market drop signals an economic descent, and an economic descent signifies the end of the sick status quo..."

It would be interesting to watch if Gold Spot come down under 1300 level today.

No worries if it does bro you own the ultimate asset.

I am good for tonite its almost bed time for old JD.

Existing long @ 1.3053
Existing short @ 1.2990

Even if I wanted to short its on the edge of my MM Price Saturation zone currently @ 50 pips so since MM is KING I stand down.

JK on FX

Short market video and commentary

http://www.jkonfx.com/

Pipnography for Pip Pervs like me


http://www.forexfactory.com/attachme...1&d=1366281178

Top pickers may focus on 1.3100

The abrupt about face for EUR/USD and false break of the 100-DMA at 1.3155 should breed interest to fade rallies. Key drivers of more bearish sentiment now stem from the dovish tone of once hawkish Weidmann, the surprise of the German downgrade by Egan Jones and the risk-averse spin from commodity markets. 1.3100 may focus more bearish thinking. The top of the weekly Ichi cloud is 1.3107, and close that looked likely yesterday may now prove elusive. Medium-term a return to the base of the cloud would be 1.2741, a pip from the year low. That may be popular - the decline could occur without breaking any new ground, so it would fit with popular range-biased strategies, too.

out of long @ 53 for +4

Reason PA dropped below 5 & 15 SMA and RSI3 under 50.

Thats 3 strikes so bye bye trade there will be more. Not adding another short yet though and watching for a another long

Job numbers are out at the bottom of the hour with a 350K reading expected.

Long @ 51

Pipnography for us Pip Pervs


http://www.forexfactory.com/attachme...1&d=1366287974

352 K job number

Long @ 51 now +16 will exit when PA goes under 5 SMA and RSI3 under 50

EUR in supply zone here could have some resitiance

EUR/USD around 1.3065/70 after US data

FXstreet.com (Barcelona) - The bloc currency advanced some pips to the area of 1.3065/70 after the marginal change in the weekly report on the US labour market. The report showed that Initial Claims rose a tad to 352K in the week ending on April 13, missing the median at 350K and above the previous week’s 348K (revised).

Next on tap in the US docket will be the Philly Fed manufacturing Survey, as well as speeches by Fed’s Kocherlakota, Lacker and FOMC’s Raskin.

At the moment, the pair is up 0.29% at 1.3069 with the next resistance at 1.3108 (MA55d) followed by 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).

BitCoin Exchange BitFloor Shuts Down. See if you cant hold it and defend it with an assault weapon it aint yours.

Put a TS For 10 pips I am leaving Hot Mamas and going to my office no doubt will be hit.

TS hit on long @51 +5

A win is a win is a win regardless. One of many opportunities Ms Market gives us. She is one generous woman

Eu Tech Trader

Sharp retrace yday back below the broken 38.2% fibo, and the close back below the line, puts the bias back on the bears. Off yday's base intraday but look to use upticks as fresh selling opportunities. Intraday spot has pushed through the 10 DMA - eyeing 55 DMA next. Daily trend studies show room to fall.