EurAnalysis

Quoting BoringIsGood

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Without drilling way down on the tiny waves (which I'm not good at anyway), C wave 4 of 5 is still valid. On my chart, I need to see a 4 hr close below 1.3249 to technically invalidate(and with alternate scenarios a close below 1.3165 would confirm). With the huge event risk tomorrow, a potential pop to the upside is there. This POS just won't die. {image}

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Quoting PipTrapper

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{quote} Looking at the monthly chart, one could validly argue that the EUR/GBP just completed a massive 5 wave bull flag and is on its way to rechallenge the supply zone between 0.8835 and 0.9800. I hope it's not the case, but when analysing the markets, we should take all possibilities into consideration. {image}

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Quoting Ken A

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Yes, be different {image}

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Quoting NZ Chris

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Morning all, One little puuuussshhhhh and we could break this wedge. Let's give the euro a wedgy together. {image}

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Quoting PipTrapper

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{quote} Wedge is broken, but I would feel more comfy when the 200 hour MA is broken {image}

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Quoting Islander

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{quote} Sorry guys, I saw this as typical average to low volume Frankies Hour chop....actually a bear climax bar in a hammer, so an intra day buy for me to take whatever Mr Market will give me - and right now, that's not a lot whilst we await Signore Draghi tomorrow lunchtime..... {image}

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Quoting PipTrapper

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{quote} Good catch I'm staying away until the market shaking news is done and dusted. This Euro Zombie is looking for any excuse to go up and is ignoring any bad news that comes its way. Looks to me that it wants to visit 3330/40 before it is ready to drop.

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Quoting Islander

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{quote} Thanks.....I can understand you keeping away - this is my first € trade this week, I've been in Cable and UJ which have been easier to plunder - but even there, the ID swings have only been 30 - 50 pips, so pickings haven't been great. Still two or three trades a day are sufficient for my weekly 250 pip minimum

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Quoting PipTrapper

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{quote} If Draghi doesn't cut rates and the NFP is not fantastic, then most probably the best pairs to trade will be Aussie and cable vs USD

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Quoting Islander

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{quote} Depending on how perky I'm feeling, I usually start my day pre FO looking at the Aussie and UJ to see if I can plunder a few early pips as the Australasian session winds down, so I'll keep a better watch there. Don't forget that tonight we have Helicopter Ben again and the dollar - via Swissy - is looking weak this morning......perhaps the Big Dogs helping it down whilst loading up on longs

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Quoting PipTrapper

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The next few days... So now that pretty much most of us can agree that I have a fairly accurate EW count here, the next move for the Euro is down (give or take about 100 pips from current levels). The only question now is the catalyst. We have a few this week and the key ones are as follows. 1. FOMC rate statement (Wednesday) 2. ECB overnight rate and Draghi press conference (Thursday) 3. Non-Farm Payroll. (Friday) There is also the US GDP and the ADP non-farm report on Wednesday and although they may wake up some speculative front running action,...

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Quoting PipTrapper

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{quote} ADP Non-Farm payroll hits 200K. That's definitely USD bullish... as long as the BLS NFP confirms

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