EurAnalysis

EUR/USD order update

EUR/USD Intraday order update 19 April

Following the Schaeuble induced pop, stops are being noted now at 1.0365/75 area. We’ve got to 1.3071 on the way down so one would assume there’s some bids ahead of the stops. We also have the 55 H1ma at 1.3067 an we still can’t sustain a break of the 100 & 200 H1 ma in the 1.0380/85 region.

Scheauble spike fades as risk sours

 

1. Earlier comments by FinMin Schaeuble see stops run up to 1.3118
2. Mkt takes a second look at all comments & decide Schaeuble's a wash
3. Sour risk sentiment takes over & USD goes bid
4. EUR/USD back under the 200 HMA & threatens 10 DMA
5. Bear flag developing on hourly charts, typically these resolve lower
6. Stops ~ 1.3065/70, bids touted 1.300/15. larger stops through 1.2990
7. Break of 1.30 opens door to 200 DMA & April 5 low
8. Chart: http://link.reuters.com/nuh57t

Spikes are from comments coming from G20 now.

WEIDMANN SAYS INTEREST RATES 'CURRENTLY APPROPRIATE'

WEIDMANN SAYS ECB MAY REASSESS INTEREST RATES IF DATA CHANGE. And he is not talking about a rate hike

Chop feast continues as Weidman runs his mouth

 

1. Headline algos get a work out today as EUR/USD remains whippy intra-day
2. ECB's Weidmann: rates appropriate, if data changes will need to check again
3. EUR/USD spikes to new session high 1.3121 but runs into offers
4. Stops reported just above the highs then offers 1.3140 & above
5. With no conviction in the mkt whippy action likely to persist

considerable move on U/J, bluffing move of E/U, Gold consolidating for next fall. Friday ends.

Long @91

Reason PA broke above 5 SMA & RSI3 over 50

30M PA not near HSR / Fibs / Supply zone

1M chart had a couple of white candles

Existing short @75

Will see green regardless

Thanks bro. I just trade what I see.

Looks like the downgrade of the UK submarined my long BUT my short is doing well.

The MM pyramid ALWAYS delivers.

EUR/USD rejected from daily highs, back below 1.3100

After rallying to a daily high of 1.3127 in the wake of Weidmann clarifications, EUR/USD lost momentum and failed to sustain gains above 1.3100 as selling pressure increased into the European closing bell.

EUR/USD dropped over 50 pips within the last hour and fell to a session low of 1.3053, not far from its daily low of 1.3045. At time of writing, EUR/USD is trading around 1.3060, still up 0.1% on the day.

In terms of technical levels, immediate supports could be found at 1.3045 (intraday low), and 1.3020 (low Apr 18) ahead of 1.3000 (psychological level). On the other hand, if the EUR/USD breaks decisively above the 1.3125/30 zone, next resistances are seen at 1.3200 and 1.3230 (50% of 1.3710/1.2750 slide).

To my brothers who requested the MM Pyramid PDF, I sent a bunch out a few minutes ago.

Also those who asked me questions about MM check your PM or private emails. In some cases FF restricted the length of the reply so I had to resort to Plan B

Out of short @75 +2

Reason PA is above 5 SMA and RSI3 over 50

2 strikes and I am out

Will re enter again when the time is right.

Pipnography for Pip Pervs


http://www.forexfactory.com/attachme...1&d=1366392614

only thoughts!?
double top and rising wedge !??
target 28xx
next week!?

or 3200 breakout and 33xx happens..!?

Knight to Queen3
Check

ECB searching for next arrow in quiver

Last summer's OMT threat by the ECB sent EUR/USD higher and peripheral yields spreads lower. The negative correlation between those two since early 2010 has moderated a bit since OMT. The 10-yr BTP-1-mo Eonia spread (4.15% last) chart shows Italy still has a long way to go to get back to pre crisis rate-convergence heaven near 25bp or even its 2004 peak by 2.57. A report by ECB's Mersch today touted loosening capital requirements on ABS as a way to get ECB liquidity to the real economy (unclogging the transmission mechanism). Draghi, too, has hinted lately that more needs to be done to spur growth. Even Weidmann says easing is possible if conditions warrant. The ECB will likely remain behind the Fed's QE curve & US yield seekers troll the EZ periphery w ECB backstops. Chart: http://link.reuters.com/vuj57t

PT just checkmated me.

time...

LOL great look for defeating facial recognition software from Homeland Security.

Unless the poor baster*d was born that way and if so he aint getting lucky tonight.

Fizzling rally encourages bears

 

1. Germany's Schaeuble inspired highs of 1.3130 talking liquidity reduction
2. Rally short-lived as he adds outlook for EU growth precarious
3. Bears are encouraged as the pair continues to consolidate at recent lows
4. Forming a bear flag pattern; RSI looks set to roll over again
5. Break down from flag likely sees 1.3000 tested, then stops through 1.2990