EURUSD

Nice down, but it won't come below 3500 before strong NFP

cut rate announcement near guys

below 3500? that is 140 pips range for the day.

It will be 1.33 after strong NFP.

Now we are below 1.36 again, what a nice head fake, the more bulls get trapped, the harder we can drop.

bye bye cable,

Out of this for +15, done for the morning

sitting in the middle of important 1.3598 and 1.3576, don't want to play the guessing game now, will wait for either breaks

After a choppy day yesterday, the Euro finds itself opening our session at the highs of the week with the stops above 1.3620/30 already having been taken out. Today’s main event is of course the ECB meeting this afternoon. We expect no policy change in this meeting, and any rate move or new measures would come as a surprise to the market, so the focus will most likely be on Draghi’s press conference and on the new staff forecasts. Given the action in the last meeting and the weak CPI number leading into it, as well as the relatively strong current level of the euro, a higher inflation forecast (1.4%) out to 2015 could cause a stir, and Greg Fuzesi’s forecast suggests there is a real risk of this. With that said, our order book is completely dominated by offers from corporates between 1.3700 and 1.3860, and given the year’s range and the obvious aversion by ECB officials to any moves that even begin to threaten 1.40, I would regard a move into the low-mid 1.37 handle as a selling opportunity. On the downside, 1.3520/30 held once again yesterday in the face of heavy selling. We did see a bit of buying by reserve managers yesterday ahead of this level as well, so this is the area to watch below. Relative to many of the ECB meetings we have seen over the course of the year, I think positioning in the Euro into this event is rather moderate this time around.

If GDP helps. I don't expect anything new from ECB conf

Another TL support at 3430. Strong down may kick that support by 2nd leg

This current top today still below 03-10-13 top 1.36453
If any one wanting to make a ( Wonky ) H&S must stay below it
Previous chart : http://www.forexfactory.com/showthre...67#post7107867

hour closed above 3600. looking at 3575 to enter long to rechallenge 3632.If pa doesn't touch 3575/6 before pullback above 3600 I'm expecting new highs.

I am good mate, I do not trade intraday anymore, I only trade daily charts, I am focusing on volume instead of pips, sorry I did not answer before, I was having dinner...

Hi people. Holiday is over and I am back in Europe. First trade for this week: EUR/USD buy from 1,3593 with stops @ 1,3553. Wish all good luck today!

again!!!! But when?

I think we at least now have 1.3580 as a sell thru level for ECB.

Just glad we took out those stops pre ECB. makes it less likely a BS rampjob happens.

Market just went to collect the stops above the range, there is not direction till the numbers… if you are skilled to make money out of this nonsense…..you are good

sometimes I got hundreds pips a day , sometimes loss more

Most of the majors pairs had risen nicely across the board since July of last year while the non beleivers dwell on QE & other fundie tea party talks.. I wouldn't be surprised to see another major shake-out ala "Dow Jones" style where everything is pushed up to historic heights again with minor S/T corrections along the way prior to a 2008 type major dump.. Pound/Yen taking out the 21 month ma after a multi-month congestion period may be the advance clue..
did you see my previous bull$hit addressed to you?
http://www.forexfactory.com/showthre...07#post7136107