EURUSD Exclusive

If the rally is contained on Tuesday (Sep. 10th) Europe and US sessions, the EUR/USD may be set to resume the down-trend to 1.3147, 1.3020 (the 200D MA and the 61.8% retracement of the move up from July.)

Without any major data releases until Thursday, the pair movement may be mildly affected by the tensions re. the war on Syria and how it develops.

Expects ECB Draghi Speech next Thursday to add another bias to sell the Euro, his mood last week was gloomier than expected.

Thank you Shafii, you do all that work for me!

Sep. 10, 12:55 GMT Redbook Index: MoM down to 0.3% vs 0.6% previous, YoY 4.6% vs 4.7% previous. Modest MoM reading and moderated concerns on a Syrian attack have instilled a positive tone in European markets this morning and lead the EUR/USD to surge from 1.3244 to 1.3268.

Stay with my shorts for now just exit my GBP/JPY short for a loss and than eneter on higher level still exect fade that move.

Shafii have to learn read this news and stats like u really like that thing can u give me some resources or something to learn from maybe from where you collect these kind of data becasue im starting to be sick from forexfactory news list it sucks..

thanks

Stock Market News & Blogs

this is a link to all kinds of goodies. I like to go to futures, then charts, for one thing.

keeping my sell stops a respectable distance below the current trace. (30 p below right now)

All serious traders must buy Bloomberg or Thomson Reuters terminal subscriptions, it runs at a hefty ~ $1,800 per month per user. Trading without one is like running blindly into a mine field. A typical terminal have 3 or 4 screens each displaying a different set of data. You'll have up-to-the-second access to market news such as when a certain hedge fund is closing a big position, or when a sovereign entity is aggressively buying a certain currency, or substantial demand at certain pivot points (buy or sell limit orders), trader chatters, etc.

This is especially indispensable for institutional traders working with big volumes.

An alternative respectable source of news is MNI (Market News International - Subsidiary of Deutsche Borse Group), you can have access to their feed if you sign-up for a free account at netdania.com, they have a mobile app for iPhone and Android phones too.

EUR/USD is trading in a very narrow channel today without much volatility, very boring indeed. There isn't any major data release tomorrow. The house and the senate votes on Syria are almost certainly delayed.

I still favor a bearish trend.

Now that we have the indecisive Obama and the uncertainty of the Syria war behind our back, the market is resuming its dynamics as expected.

EU go to waltz mode, what do u think, if we play range? like, say 1.3240 - 1.3285 ..

KecoaKecil, yes the 1.3270-80 range offers a good opportunity to short the pair. There isn't any major economic release re. the US or the EU today. Tomorrow we're going to see some action, Draghi is expected to speak tomorrow, remember how the market reacted to his session last Thursday

Eur is still sleeping kind of sick behaviour after great US unemloyement data. yesterday i cover short from 1,325 than make some on the way up to 1,332 and short again hope for 1,322 and than im gonna decide if i ll hold short or enter big buy order.

Tomorrow ll be hard to trade super curious about the us data they ll show the direction for the pair. anyway change bias on GBP/JPY made some profit on the way down than enter long down there hope to see 1,6 than sell high style.

Goldman is bullish on euro to 1.38. But as you all know Goldman is a joke on FX.

We know the market was wrong-footed by Bernanke and the dollar U.S. got punished. Two questions:
1. Does anybody out there still think news events don't matter in trading the forex?
2. What happens next month (did Bernanke and friends have so much fun they do it again)?
a). Will the market try to price in tapering again, and pull back again when it doesn't happen (money for us)?
b). Will they disbelieve tapering is coming and get blindsided as Bernanke decides on a last hurrah before he retires?( ka-ching!)
c). Will the teapot part of the 'Publican party succeed in killing the budget, destroying the economy and plunging us into chaos (Oops! that wasn't what we really wanted)?

-Keep watch, take deep breaths, get on where you dare, and enjoy the ride.

Collage starts less time for trading so here is my post after some time.

Last week i got hit big time by mr bernanke was expecting totally different direction so that hurts much. Anyway i have quite a good long on GBP/JPY so im even after a stupid loss made by greed. I learned my leson at least.

For now i have som open shorts and im looking for something like 1,346-7-8 and than enter long for 1,355 sl hunting.

Yesterday trades goes as expected cover some profits at 1,3485 i was flat after a long time. I dont like that just 1,3485 was touched so the plan was to short 1,35 for 30- 40 pip profit 1,346 is crucial for me expect to see that price during us open and than fade the move with agresive long to 1,36 lot of stops are there which from my point of view should be killed and just after that the short ll occur with full power ll see.

So far so good. Daytrades from yesterday worked well price does hit 1,347 as expected but i wanted to see 1,3465 so after a rally to 1,35 i sell it again for 35+ profit nice start of the day 5oclock profit.. after london open i opened long i mentioned earlyer with kind of bigger target of 1,357-8-9. If it goes that way the plan is to add to the winner all the way till 1,352 we ll see anything can happen 1,34 is not so unreal either but im betting against.

Technical analysis of EUR/USD for August 07, 2015

Attached Image (click to enlarge)

When the European market opens, economic data on the French Trade Balance, French Industrial Production m/m, French Gov Budget Balance, and German Industrial Production m/m is due. The US will release data on the Consumer Credit m/m, Average Hourly Earnings m/m, Unemployment Rate, and Non-Farm Employment Change. So amid the reports, EUR/USD will move medium to high volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.0954.
Strong Resistance:1.0948.
Original Resistance: 1.0937.
Inner Sell Area: 1.0926.
Target Inner Area: 1.0901.
Inner Buy Area: 1.0876.
Original Support: 1.0865.
Strong Support: 1.0854.
Breakout SELL Level: 1.0848.