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EURUSD

  • #1,013,261
  • Jul 26, 2015 2:44pm Jul 26, 2015 2:44pm
Am already short in EU @1.098 since friday...
  • #1,013,262
  • Jul 26, 2015 3:03pm Jul 26, 2015 3:03pm
Quoting pedro319
{quote} EURUSD Part II Fundamental: Situation in Greece becoming very interesting atm with some of the Ministers resigning over a deal that is clearly very political, Tsipras asks Syriza party members to forget Ideology as for now and focus on getting the bailout money, this could lead to anticipated elections although many specialists say that Tsipras popularity is increasing for his ability to make consensus (pleasing Greeks and Trojans) and keeping things going, as for now Grexit not so likely but impact of tough austerity measures not looking...
EURUSD
Fundamental:
This week we return to Fed's rate hike drama and whether the rhetoric over it will be the same meaning that we still could see this in September, if that happens we could easily drop to complete harmonic targets on daily chart, however if there is no indication regarding tightening, market can breakout the D1 channel giving clear signal for direction at least short term.
In Europe, last week's data was pretty poor signalling slower economic growth, Greece remains the main worry, we had positive parliamentary vote on financial reforms and now Athens getting ready for Troika's visit, this week there are also several German data releases worth keeping an eye on.
CFTC doesn't give us great assistance this week as it mostly stands flat.

Technical:
Situation is rather complex as I can see mixed signals, market still hasn't completed D1 harmonic targets as per post last week which of course could happen but it's not very usual, it would be quite logical for price to complete these targets and then turn to retracement or reversal and if you have noticed those levels on ABCD D1, coincide with .786 Ret on Weekly, so not small thing, price has broken .618 ret Weekly and should proceed to next fib level but in financial markets there is no such thing as certainty and I will not become obsessed with this if for example we can break above the channel D1.
There is also completed AB=CD H4 + MACD negative divergence but best visible on H1 at 1.1017 + .5 Ret H4, is price action after that worries bears, price turned down but not able to close below WPP and returned to the upside, also on the previous trading day price had rejected MS1 at 1.0873.
If price goes down first thing 1.0933-20 will be important test.

Monthy: Bullish engulfing pattern pointing to 1.18
Weekly: .618 Ret broken but still strong reaction, if we get ABCD, extension will point to same as monthly.
Daily: Wash and rinse of the lows, Bfly extensions not complete, channel might give clue to what's next.
H4: AB=CD at 1.1020, if this area doesn't resist, channel border D1 will be next at 1.1060 + WR1 +.618 Ret H4.

Daily and H4 charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD d1 cHANNEL.png Size: 44 KB
Click to Enlarge Name: EURUSD H4 NEW.png Size: 26 KB
We watch the charts from every angle so you don't have to!!
  • #1,013,263
  • Jul 26, 2015 3:26pm Jul 26, 2015 3:26pm
i got weekly buy signals on both euro and nzd....dont count on a rate hike to push the euro down when its at the lows
  • #1,013,264
  • Jul 26, 2015 3:54pm Jul 26, 2015 3:54pm
Quoting koainnn
i got weekly buy signals on both euro and nzd....dont count on a rate hike to push the euro down when its at the lows
I got a two sell indicators for EURUSD and a divergence signal on the weekly. However, my indicators know notta about sentiment and meeting outcomes.
  • #1,013,265
  • Jul 26, 2015 4:06pm Jul 26, 2015 4:06pm
Quoting navk
There could be short term selling opportunity in GA. below 2.1350. My stop will be above 2.1350. Entry price will be decided after seeing Tokyo open. watchout. {image}
Good to short EA ( Not GA ) and bagged good pips +++ to start the week.
Intraday only.
  • #1,013,266
  • Jul 26, 2015 4:11pm Jul 26, 2015 4:11pm
still keeping
Attached Image
  • #1,013,267
  • Jul 26, 2015 4:28pm Jul 26, 2015 4:28pm
Quoting edyraper
still keeping {image}
I would prefer to short Eur for 30 pips. Then long.
Intraday only.
  • #1,013,268
  • Jul 26, 2015 4:31pm Jul 26, 2015 4:31pm
Quoting navk
{quote} I would prefer to short Eur for 30 pips. Then long.
SL @BE , so . also got another one

re-testing of 0968/64 area


would like to see 0937~ and then 0908~ for my under water shorts TPs
Attached Image
  • #1,013,269
  • Jul 26, 2015 5:10pm Jul 26, 2015 5:10pm
Quoting edyraper
{quote} SL @BE , so . also got another one re-testing of 0968/64 area would like to see 0937~ and then 0908~ for my under water shorts TPs {image}
Rejected from 09685 for now
  • #1,013,270
  • Jul 26, 2015 5:14pm Jul 26, 2015 5:14pm
Quoting gatorinla
london roll below yesterday's slightly.. it wasn't below 0964,, so make up your own mind.. its showing some very slight signs of weakening but still above 0964.. 5est may give more clues. its not uncommon to have mixed signal in this big ass mofu.. 0974 or less closes and below 0964 may be a unconfirmed start. its probably support backed by 0964 until. a shot at long may be here.. be cautious of longs with closes below.. w/o those closes bulls may mount a attack from 0958, and last time 0912 or 0918 is still missed.. bulls may require 0912/18 first...
got a single h close under 0974, -0964 is better. if not we got some support here, but 0912 or 0918 are still missed
those who can, do. those who cant, talk about those who can
  • #1,013,271
  • Jul 26, 2015 5:57pm Jul 26, 2015 5:57pm
good morning asia.
1.1031 today?
  • #1,013,272
  • Jul 26, 2015 6:15pm Jul 26, 2015 6:15pm
Took another short EA at 5090 with a stop at 5106.

Do not want to hold it more as AUD is weaker.

Anyways booked more +++.

Happy Asia.
Intraday only.
  • #1,013,273
  • Jul 26, 2015 6:16pm Jul 26, 2015 6:16pm
Looking to short EU for some provided if I get a signal... May be in FF/London I will get sell signal.
Intraday only.
  • #1,013,274
  • Jul 26, 2015 6:19pm Jul 26, 2015 6:19pm
Quoting navk
Looking to short EU for some provided if I get a signal... May be in FF/London I will get sell signal.
where is agood price to entry a short man?
It's life let's live and enjoy
  • #1,013,275
  • Jul 26, 2015 6:32pm Jul 26, 2015 6:32pm
Quoting traupro
{quote} where is agood price to entry a short man?
I look at 30 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 74 KB
Intraday only.
  • #1,013,276
  • Jul 26, 2015 7:01pm Jul 26, 2015 7:01pm
There will be a retracement down to 0930/25 level for all shorts to book their profit.

Will be looking to long around this level if there is a signal. Currently taking a small short. ( 0998 ) My stop will be above 1020.
Intraday only.
  • #1,013,277
  • Jul 26, 2015 7:19pm Jul 26, 2015 7:19pm
Achieve slow and steady to 1.1000. Expect some resistance.
  • #1,013,278
  • Jul 26, 2015 7:21pm Jul 26, 2015 7:21pm
Quoting navk
There will be a retracement down to 0930/25 level for all shorts to book their profit. Will be looking to long around this level if there is a signal. Currently taking a small short. ( 0998 ) My stop will be above 1020.
I would prefer to wait til 1060...

But I see where you coming from.
Patience, Emotion Control and Discipline.
  • #1,013,279
  • Jul 26, 2015 7:31pm Jul 26, 2015 7:31pm
I am tempted to place a short order on this pair right now (@1.10040), but I think I am going to wait until the release of the German Ifo Business Climate and M3 Money Supply y/y in another 5h 30mins instead. Seems safer that way
  • #1,013,280
  • Jul 26, 2015 7:47pm Jul 26, 2015 7:47pm
Quoting Hairi
Achieve slow and steady to 1.1000. Expect some resistance.
Short 1.1003, let's see if this holds
The trend is your friend
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