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  • #937,241
  • Nov 20, 2014 2:24am Nov 20, 2014 2:24am
EURUSD tried to rally during the course of yesterday, but ran out of steam at the 1.26 level and fell creating a shooting star. So a move below the 1.25 level is in fact a selling opportunity in this pair that most certainly is in a strong downtrend.
Want to learn more: HTO Trading
  • #937,242
  • Nov 20, 2014 2:25am Nov 20, 2014 2:25am
Quoting Liam0530
tf is that bs? this price movements funny after that release
TF behaving correctly. This time larger TF working as I told before.
This kind of TF quite nuts that come back after selling rally finished the task.
You cannot learn better without losing
  • #937,243
  • Nov 20, 2014 2:28am Nov 20, 2014 2:28am
Quoting honeill
EURUSD tried to rally during the course of yesterday, but ran out of steam at the 1.26 level and fell creating a shooting star. So a move below the 1.25 level is in fact a selling opportunity in this pair that most certainly is in a strong downtrend.
running out of steam yesterday does not mean it will run out of steam today. when enough stops are built from today's trading, a spike will gain steam again
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #937,244
  • Nov 20, 2014 2:28am Nov 20, 2014 2:28am
Nobody above 2600: http://www.fxstreet.com/analysis/for...rrencies-poll/
Even one eyed bull supporter.
You cannot learn better without losing
  • #937,245
  • Nov 20, 2014 2:33am Nov 20, 2014 2:33am
Euro getting bad manufacturing PMIs from France and Germany (thought not abysmally bad)...I doubt the price will make any changes below 1.25, however. At least, not until around five hours later, when we have a whole slew of major events-CPI & unemployment claims-for the USD.

.....I swear, if the EUR/USD breaches 1.26 from this, I'll.....nevermind. It's definitely possible, given how badly the bulls still want a correction up. Still bearish though; fundamentals just not good for the Euro in the foreseeable weeks and months.
  • #937,246
  • Nov 20, 2014 2:34am Nov 20, 2014 2:34am
So...

To summarize:

Usd: Economy getting better and better (as per official datas), FED stopped QE, rate hiking coming soon.
Eur: Economy getting worste and worste, ECB doing QE and looking to make more, deflation, measures being taken to combat it.

Results: Eurusd going up.

It make a lot of sense!

SELL THIS SHIT
  • #937,247
  • Nov 20, 2014 2:38am Nov 20, 2014 2:38am
French and german data not good... which means that there is highly possibility for EUR data not to be good... given the importance of those two economies...
  • #937,248
  • Nov 20, 2014 2:38am Nov 20, 2014 2:38am
Quoting tunera
So... To summarize: Usd: Economy getting better and better (as per official datas), FED stopped QE, rate hiking coming soon. Eur: Economy getting worste and worste, ECB doing QE and looking to make more, deflation, measures being taken to combat it. Results: Eurusd going up. It make a lot of sense! SELL THIS SHIT
On a somewhat mid-term (say week~maybe a month or two): YES. Absolutely YES.

On intraday terms: Not quite. We can't be sure that the corrrection has ended yet.

I recommend taking small shorts on every major spike (especially ones that reach resistance but goes against news result), and then adding them when you see a breakout below 1.25, 1.245, and so forth. Just don't sell too much. Market Movers have been VERY fond of shakeouts for bears as of late.

Edit: YES! YES! Finally, it goes somewhere that MAKES sense, for once in a goddamn fucking time in this week! I do believe we're here to test 1.2500, gentlemen. Whether it breaks or not will obviously depend on US data in the next few hours.
  • #937,249
  • Nov 20, 2014 2:40am Nov 20, 2014 2:40am
anyone worried about a bounce can just short euro crosses instead
  • #937,250
  • Nov 20, 2014 2:42am Nov 20, 2014 2:42am
this data alone (but more so) combined with possible good data from US should get bears back in action,
and draghi on friday will give us new lows

  • #937,251
  • Nov 20, 2014 2:42am Nov 20, 2014 2:42am
Sooo tell me.... who farted our those German ZEW numbers i wonder....
told you its dodgy numbers... from a private surveying firms...

anyways down goes eurusd.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #937,252
  • Nov 20, 2014 2:43am Nov 20, 2014 2:43am
It's going down again. If it could only do this with sick speed!
  • #937,253
  • Nov 20, 2014 2:44am Nov 20, 2014 2:44am
Ignore euro for now go play with UJ meantime.
  • #937,254
  • Nov 20, 2014 2:45am Nov 20, 2014 2:45am
... further correction ahead on yen as I see it

UJ M15
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  • #937,255
  • Nov 20, 2014 2:46am Nov 20, 2014 2:46am
euro deserves its way down, Fundamentals are shit.
No emotions, just trade
  • #937,256
  • Nov 20, 2014 2:47am Nov 20, 2014 2:47am
Quoting chazzle
anyone worried about a bounce can just short euro crosses instead
I see a W formation on the daily chart for the EUR/GBP. Peaks located on September 10, October 15, and Nov 19 respectively (resistance= 0.8035)

....gonna take a nice small short with small SL. Might cancel or add more depending on UK retail sales coming up in the next hour or so.
  • #937,257
  • Nov 20, 2014 2:48am Nov 20, 2014 2:48am
FINALLY it's coming down. Man, why this took so Long. Next Target: 1.2400
Forex is a losers game.
  • #937,258
  • Nov 20, 2014 2:48am Nov 20, 2014 2:48am
Quoting Vermillion
{quote} On a somewhat mid-term (say week~maybe a month or two): YES. Absolutely YES. On intraday terms: Not quite. We can't be sure that the corrrection has ended yet. I recommend taking small shorts on every major spike (especially ones that reach resistance but goes against news result), and then adding them when you see a breakout below 1.25, 1.245, and so forth. Just don't sell too much. Market Movers have been VERY fond of shakeouts for bears as of late. Edit: YES! YES! Finally, it goes somewhere that MAKES sense, for once...
Yes i see your point, naturally the market was (is?) going to test 1.2760 area again, however the news of this week are really giving hard times to the market plans, so such plans may change.
If that's the case (as i think can be), the market will go down now to 1.2440 area again.
Personally i'm short and 1.2440 is my target, keeping in mind that the 1.2760 retest scenario may still be in play (no matter what the foundamentals say), but i like to think that somehow this is a rational market.

Not everybody can survive!
  • #937,259
  • Nov 20, 2014 2:49am Nov 20, 2014 2:49am
close below 2510, straight to 2477
  • #937,260
  • Nov 20, 2014 2:49am Nov 20, 2014 2:49am
LMAO AMAZING ZEW
and then TERRIBLE official data....

i wonder which data is fake....
and i wonder if the up move was following the trend or the down move... Hmmm i just wonder....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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