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EURUSD

  • #1,000,961
  • Jun 14, 2015 2:09pm Jun 14, 2015 2:09pm
All country in EZ will pay for greece sin.. EU will falling, if they keep greece inside EZ.
  • #1,000,962
  • Jun 14, 2015 2:16pm Jun 14, 2015 2:16pm
Thursday's meeting too not going to be positive as said :

""Without the endorsement of Greeces trio of bailout monitors the commission, the International Monetary Fund and the European Central Bank the prospects of an amicable agreement on Thursday is remote, raising the prospect eurozone negotiators may resort to the take it or leave it strategy used on Cyprus at a eurogroup meeting two years ago.""
Intraday only.
  • #1,000,963
  • Jun 14, 2015 2:16pm Jun 14, 2015 2:16pm
1.12165
  • #1,000,964
  • Jun 14, 2015 2:17pm Jun 14, 2015 2:17pm
Eu 50 pip diwn
Scoobi doobi doo
  • #1,000,965
  • Jun 14, 2015 2:20pm Jun 14, 2015 2:20pm
Quoting cenetti
End of week review ... Short to long is still 5 to 4 and thus LONGS should be favored. As long as shorts are in the majority, don't expect EU to go down. As seen earlier, drop to 1.115 was bought right away. UP over 350pips from last week's discussion (was as high as 550pips on wednesday). Sentiment : BUY the dips Once 1.14 is broken expect a slow and steady 600+pip move up.
Providing Talks dont collapse about Greece.. OOOppss!
  • #1,000,966
  • Jun 14, 2015 2:21pm Jun 14, 2015 2:21pm
Quoting mkvy
{quote} Providing Talks dont collapse about Greece.. OOOppss!
talk collapsed eu 1.1215 ATM
Scoobi doobi doo
  • #1,000,967
  • Jun 14, 2015 2:24pm Jun 14, 2015 2:24pm
Quoting Scoobidoobi
{quote} talk collapsed eu 1.1215 ATM
Yes, trading aside.. i dont want the euro to collapse, because it will drag the GBP down with it, making life difficult for Long haul travel further than the Eu..

But as far as trading goes, it can collapse all it wants.. unless it rises above 1.14 and then i will be buying
  • #1,000,968
  • Jun 14, 2015 2:29pm Jun 14, 2015 2:29pm
have you seen any reports of this mega daily trendline of resistance in any of the forex news websites or other information sites..?

i doubt it... that would be too much information
Attached Image (click to enlarge)
Click to Enlarge Name: game over.jpg Size: 275 KB
  • #1,000,969
  • Jun 14, 2015 2:30pm Jun 14, 2015 2:30pm
GBP 1.5550 now.
There is a winner and a loser, nothing in between.
  • #1,000,970
  • Jun 14, 2015 2:31pm Jun 14, 2015 2:31pm
1.12115
  • #1,000,971
  • Jun 14, 2015 2:32pm Jun 14, 2015 2:32pm
Quoting mkvy
{quote} Yes, trading aside.. i dont want the euro to collapse, because it will drag the GBP down with it, making life difficult for Long haul travel further than the Eu.. But as far as trading goes, it can collapse all it wants.. unless it rises above 1.14 and then i will be buying
agreed s&p downgraded UK outlook to negative from stable towards fag end of Friday close gu might follow eu down momentarily this week boe rate decision n fomc will move the markets eu can break 1.14 cum fomc with no fed rate raise for USD till September
Scoobi doobi doo
  • #1,000,972
  • Jun 14, 2015 2:33pm Jun 14, 2015 2:33pm
The coming few days will be crucial for Greece, but what is important is that the market will be so sensitive and highly volatile and risky.

Any positive or negative talking will take the euro in wild actions. Traders should beware to gamble with Greece. Still last minute deal is expected. It is a tough week with FoMC and Greece. Those who gamble with it might earn good money or blow their accounts, no middle solutions.
  • #1,000,973
  • Jun 14, 2015 2:34pm Jun 14, 2015 2:34pm
Quoting Scoobidoobi
{quote} agreed s&p downgraded UK outlook to negative from stable towards fag end of Friday close gu might follow eu down momentarily this week boe rate decision n fomc will move the markets eu can break 1.14 cum fomc with no fed rate raise for USD till September
Ye, but the ECB will be printing money until next year as well = weaker Euro possibly
  • #1,000,974
  • Jun 14, 2015 2:45pm Jun 14, 2015 2:45pm
Quoting Ken A
1.12115
My TP is at 1.1240
When market opens, at which price order will be executed?
  • #1,000,975
  • Jun 14, 2015 2:47pm Jun 14, 2015 2:47pm
Quoting troneras
{quote} Which are the dates of beginning and ending of quarters? I didn't know about this timeframe. Edit: I asume 1st quarter from January to March
its hard to get an actual dec. 31, 23:59:59 close. the best i have is 1.2088 i think.. i am not at the right pc atm
those who can, do. those who cant, talk about those who can
  • #1,000,976
  • Jun 14, 2015 2:52pm Jun 14, 2015 2:52pm
Quoting TheScalper15
The coming few days will be crucial for Greece, but what is important is that the market will be so sensitive and highly volatile and risky. Any positive or negative talking will take the euro in wild actions. Traders should beware to gamble with Greece. Still last minute deal is expected. It is a tough week with FoMC and Greece. Those who gamble with it might earn good money or blow their accounts, no middle solutions.
Right they might come up with last minute greece deal (till then its even-steven) at UK open after the one on Saturday failed and also there is some news on SNP too for GBP.

  1. Default fears rise as 11th-hour Greek talks collapse
  2. SNP threatens to call new break-up vote Leading MP warns of ballot unless devolution bill toughened
  3. SNP lies in wait to force second vote
  4. Welsh Labour warms to tax devolution plans
  5. SNP dissatisfied with devolution plans

EU 1.1225 GU 1.5555 Courtesy : http://www.easy-forex.com/int/currencyratespage/

Scoobi doobi doo
  • #1,000,977
  • Jun 14, 2015 2:55pm Jun 14, 2015 2:55pm
Quoting gatorinla
{quote} its hard to get an actual dec. 31, 23:59:59 close. the best i have is 1.2088 i think.. i am not at the right pc atm
For Q1 Jan High to Mar low

Attached Image


Dec 31 2014

Attached Image
  • #1,000,978
  • Jun 14, 2015 2:55pm Jun 14, 2015 2:55pm
Quoting Ken A
1.12115
You gonna trade it or wait for the dust to settle?

http://www.forexfactory.com/news.php?do=news&id=544912

panic legs make the best for 1/4 profits 50/100/150/200 etc
  • #1,000,979
  • Jun 14, 2015 3:03pm Jun 14, 2015 3:03pm
Quoting pedro319
{quote} EURUSD Part II Upside move continues after deeper retracement as suggested, a bit too deep but still held above MPP and WR1 from last week. Market corrected D1 overbought and completed respective bounce from MR1, 1.1308 is .786 H4 ret and last chance for bears to turn it around, after that 1.1386 last top + MR1 +WR1 and then 1.1580 is ABCD 1.618 Ext H4 in orange (do not confuse with D1 extension at 1.1806). Price should react to this level as well. As usual if prices fails before the top I will be looking for Bfly Buy in blue lower. H4 chart...
EURUSD
Part III
Fundamental:
Euro has been quite volatile mainly due to Grexit and Fed's rate hike. U.S growth has been somewhat below what gave investors confidence to start with on tightening of economic policy and recent data has renewed hope that in fact that on next Federal open market committee will indicate the timing of first rate hike.
In Europe focus is totally on possibility of Greek default, this drama has been going on for quite some time now but everytime there are some public comments on it we still see some large spikes and as some might see default as a good scenario (relief) some other continue to emphasize the shock waves that this could lead to, we seem to be reaching the final episodes of the Greek "tragedy" as crucial dates loom namely the 18th June's Eurogroup meeting.
CFTC still favors more upside for EURUSD.

Technical:
Market hasn't erased any of the bullish patterns yet or broke any important support levels like the 1.1150 or 1.1050, until that happens I am still focused on major upside targets as in previous updates.
What we have now is failure to take the top and clearing of the previous stops on D1 and possibility of ABCD H4 down to test 1.1050, note that now this level represents a considerable level of confluence and a clear indication of near future direction, we have double top on H1, this level is necklline, H4 ABCD completion and invalidation of ABCD D1 to 1.1806, doesn't mean that price won't go there later but for that will have to create a new swing, in fact if price breaks this level we might see new Bflt Buy D1 at 1.0666 minimum.
In the short term 1.1295 seems like a good level to trade against and/or on the B/O.

Monthly:same as in previous updates.
Weekly: idem
Dailyossibility for Bfly D1 at 1.0666 , depending on the above explained otherwise ABCD target at 1.1806 remains possible.
H4: ABCD targeting 1.1050, invalidation point yellow circle
H1: Double top neckline at 1.1050.


H1, H4 and D1 charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD H1 M 1.1050.png Size: 49 KB
Click to Enlarge Name: EURUSD H4 ABCD 1.1050.png Size: 28 KB
Click to Enlarge Name: EURUSD Bfly Buy D1.png Size: 50 KB
We watch the charts from every angle so you don't have to!!
  • #1,000,980
  • Jun 14, 2015 3:04pm Jun 14, 2015 3:04pm
Quoting 21vs7
especially the wtf candle and the posts intraday flow still in favour of usdx 129x is again to look perhaps for 089x with chfx strong and the foooker relatively good correlated to eurx, eur should have some support and that is seen now. compressing in reality, seeing looots of noise on Greek issue. Timeline is end of june, plus postponed on for 1month the pressure is there, lets see who blinks first
now moving into usdx strenght imo
123xatm
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