EUR/USD: No respite, new lows printed | Forex Factory

  • EUR/USD: No respite, new lows printed

    From fxstreet.com

    EUR/USD was hammered into yet another 1-year low on Tuesday, with further selling interest noted out of Tokyo, taking the rate towards 1.3160 new low following a NY close of 1.3167. The stronger-than-expected US Durable Goods and Consumer Confidence boosted the US Dollar on Tuesday, which paired with the general negative sentiment towards the single currency, led to trend followers enjoy another profitable day selling the Euro. Jim Langlands, Founder at FXCharts, notes: "For the coming session don’t look for too much, with 1.3150/00 looking likely to cover it. Further out, the US GDP is coming up tomorrow and on ... (full story)

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OnlineAddict
Aug 27, 2014 7:58am
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Quoting Guest
Sure. I just said it won't reverse before. After all it is about a ~1000 pips range and as such it always comes to a breakout, a fakeout or a damn too close pivot.
I think it will turn a little above 1.30, but who knows. I definitely wouldn't long 1.2750-2800, for me, going that deep, it won't be for a re-test, but for a break, then the only number I could long would be 1.25 or a little above.
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OnlineAddict
Aug 27, 2014 4:14am
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Quoting Guest
It won't look back before 1.3055 and it won't reverse before 1.2800
If it went so close towards 1.2750, it wouldn't reverse there, it would break and go lower.
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simply.monty
Aug 27, 2014 12:44am
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expecting more low
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b_hand
Aug 26, 2014 9:01pm
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thats draghi wants. LOL
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irongoose
Aug 26, 2014 8:08pm — Edited
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Quoting Fush n Chups
LOL big jump in Kiwi....RBNZ run out of cash to keep holding it down
I may be wrong but I think we are about to see a classic pump and dump!
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Fush n Chups
Aug 26, 2014 8:01pm
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LOL big jump in Kiwi....RBNZ run out of cash to keep holding it down
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Trader#2C63
Aug 27, 2014 12:49am
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i keep watching this pairs poll here on forexfactory and the pairs bulls are OFTEN leading to 60+ or even 70 percent favoring the eur bulls since hovering the 1.3650 level. till now at the time of writing the poll indicates 62% favoring eur.

Since the 1.36+ level people kept saying "eur is so strong", "keep buying eur and target 1.38 then 1.42 1.46 -1.48 etc etc."

At 1.3650 level again, there is this bank that said hold on to your short position, and other banks says keep selling the eur/usd, but people would say "its time to do the opposite", "sell the USD toilet paper".


im just wondering what happened to those people now. its a good thing i trade in my own decision and understanding. if there are banks publishing analysis favoring their interest, so as the talkers who posts their comments.
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Trader#F5EE
Aug 27, 2014 1:36am
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Quoting simply.monty
expecting more low
I know and I have noted that you do not give much of a chance for a rebound. But indeed that is exactly what is going on. I hope you are not taken by surprise because a reversal is a process not an event and a reversal is on as we speak. I can see based on the calculated vector for the pair intraday that we are rising (not falling) and it should become obvious to all by say tomorrow but certainly before Friday. Just a thought I want to share - good luck trading your take.

The Crow (._.)

BTW: There is always that chance that I am wrong - but it is not necessarily the case that our odds of being right or wrong are the same and this is to say maybe you should be a wee bit more cautious on your take.
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Trader#1546
Aug 27, 2014 4:38am
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Quoting Guest
I know and I have noted that you do not give much of a chance for a rebound. But indeed that is exactly what is going on. I hope you are not taken by surprise because a reversal is a process not an event and a reversal is on as we speak. I can see based on the calculated vector for the pair intraday that we are rising (not falling) and it should become obvious to all by say tomorrow but certainly before Friday. Just a thought I want to share - good luck trading your take.

The Crow (._.)

BTW: There is always that chance that I am wrong - but it...

Agreed!! my indicator tellme very oversold and start to going up
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Trader#F9C2
Aug 27, 2014 5:06am
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Quoting OnlineAddict
If it went so close towards 1.2750, it wouldn't reverse there, it would break and go lower.
Sure. I just said it won't reverse before. After all it is about a ~1000 pips range and as such it always comes to a breakout, a fakeout or a damn too close pivot.
Reply
Trader#F9C2
Aug 27, 2014 3:50am
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It won't look back before 1.3055 and it won't reverse before 1.2800
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