EURUSD

Closed 8.6 pips

Wherever it goes... if it fail to close below the last week close then bear again fkd up.
OVERSELL never be the solution to kill big line bull. Last week heavy sell was a big mistake.

Still ECB nicely controlling euro exchange rate and Federal lost its control over USD value.

I wonder what do You mean by ''oversell'' ?

Short term crazy sell that reflect on longer term interest.

I see .
It was quite normal though , market has been dead for long time , so this kind of behaviour was expected one direction or the other .
GL with Your trades this week !

Time to buy I would have thought, according to Davit's system. Price between BB20(2) and BB20(3) and under RSI(8)=30 on the daily.

Also the pitchfork points ups and the median line will be in the way to your target.

Just another opinion. All the best with your trade all the same.

FXRAT Reporting for duty,

we are having a small bounce back up
for now see if this continues into the London
session to 13810-25,
you just never know how far these will go,
as we have had 200 + points drop from its
peak last Thursday to keep in mind.

Hey guys,
i think this could be relevent info.

Morning Adviser - EUR: Four More Big Figures
https://ci6.googleusercontent.com/pr...ges/spacer.gifGareth Berry
https://ci6.googleusercontent.com/pr...ges/spacer.gifUBS FX Strategy
https://ci6.googleusercontent.com/pr...ges/spacer.gifMay 12 06:06 GMT
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This move is not over
With EURUSD having already shed about 1.2% since Thursday's ECB press conference, it's worth asking how much further it can fall. Considerably further, in our view. We would not be surprised to see another four big figures of downside over the next four weeks. That would allow enough time for the market to digest the May flash CPI on June 3, the next ECB policy decision on June 5, and US non-farm payrolls on June 6.
We agree with UBS economics that the ECB's entire policy rate corridor (depo, refi and marg rates) are likely to be shifted downwards by 15bp at the next policy meeting. However, even if the ECB chooses a milder form of easing, for example by limiting itself to just a refi rate cut, that could still inflict further heavy losses on the euro in our view.
The deposit rate has been a key determinant of euro money market interest rates ever since the two 3y LTROs were conducted. But as banks repaid surplus liquidity over the past year, EONIA has climbed and now hugs the refi rate once again - much like it used to do in pre-crisis times (Figures 1 and 2). With the refi rate's significance now somewhat restored, cutting it would likely harm the euro more than in the past.
Looking back on the price action in Q4 2013 offers some clues as to where we go from here. On Oct 31st, the flash CPI registered a major downside surprise coming in at just +0.7% y/y (cons. 1.1% y/y). Within 5 days, EURUSD had dropped from 1.3780 to below 1.3300 with the move helped along by an ECB refi rate cut.
One can never step twice in the same river of course, but that's the sort of euro weakness would expect to see again. Clearly a depo rate cut on top of this would be the icing on the cake for euro bears.

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Four more or 3 more ..
This guy has probbly missed the fact , that early november EUR stopped about 300 pips lower and reversed .

There is some unfinished job above. Not sure whether it will accomplish this month. I am expecting 1.4079 depending on Mr. Putin's reactions.

eur/usd is not decided yet :

But I have decided to go short from 1.3778

a tiny long order,much for fun

yes, you can i see fast back to the Top but I can be wrong

Have You got a target in mind ?

Quick glance b4 LON open

One of the reasons, i rarely read what these morons have to say: ( Check the data)

http://www.bloomberg.com/news/2014-0...if-needed.html

True,but i would still rather short it atm

Most of the news are manipulated!

Actually, the market maker business model is based on three phases:

1)Accumulation
2)Manipolation
3)Profit Release

This is mainly due to the fact that forex is a zero sum game, for every Transaction there is someone that is taking the opposite direction.