EURUSD

exactly my TP area will change to short upon touching 13830

Morning all
I Wait good sign to long maybe 3760

in real life, if someone says "next time" or "tomorrow", I would normally think he is not taking any action...Draghi is an old fox

depend on...
I'm not found of long but 3755 looks buyers step in and could long from there R:R Good

No setups this morning.

Either waiting for a double bottom and see if buyers are there for a move up.

Or holding shorts for 1.354x

Good morning Traders...Interesting week and month coming up. Im hoping for this bounce to at least reach the 1.3830 levels as this will allow me to restructure my current underwater longs. For me this level (1.3830/50) will be key as to whether the EUR will reattempt its fresh highs or if price will print in a lower high on the 4hr TF. Important for anyone long is that we do not see price go below 1.3745 as this will just open the door to fresh lows.

I am still holding my bullish view and providing price will make lower highs it should keep the momentum to go higher. Only a failure swing to go higher will deter me from this view.

S&R levels based on 1hr and hr time frame:

Levels i see as Resistance: 1.3780 / 1.3830 / 1.3880
Levels i see as Support: 1.3745 / 1.37 / 1.3660 - A break below this level will negate my bullish outlook.

Lower Boll band and my 89 day MA on daily provide confluence and strong support at 1.3745 as well as uptrend line, i also mentioned that a day close below this trendline would be good for the bears but only a 20 pip close below this trendline so far does not determine a great close below as would a 50pip close below.

Lets see what happens.


Good luck to all and many green pips your way!

Making predictions on a Monday morning is pointless. Not enough data history to work on. I am ready to change my mind at any time....for the time being I still have a fresh memory of market reaction to the latest NFP figures.

yeah predictions with Crystal ball

check this guyz. bastards

http://www.smh.com.au/business/marke...511-383tm.html

Draghi's son is a young high-flying banker, an interest rate trader...how do you think he is going to use his first hand information? just saying

And a break down for EURGBP

Lets see if buyers can bring it up towards 1.378x first and then possibly 1.381x/3x

it looks very hard.... The next Target is 1.36, probably.

How do you measure the hardness?

Cautious Monday is not a surprise. See short-term and medium term key levels that would change or confirm the trend

Daily Forex Trading Outlook

Great video, really enjoyed.

In my opinion, we shall not forget 1.4...
These descending (but overall emerging) lines are pointing to 1.41500-1.42000 and 1.43000-1.44000
The minimum point by harmonic draw is 1.36016. (so the last orange descending line should fall to 1.36016 maximum)

I trust the market will range today since their is no major news...