EURUSD

Entry 1.0670, TP 1.0698. Then will see whether 1.07 proves resistance.

Seems we have some pullback before FOMC.
After FOMC we should break the floor.

Penetrating daily resistance and weekly support. Let's see if it holds or breaks.

only 673 pips from parity, which is back to nov 2002..lol.. might get there the next 2 weeks? :nerd:

wonder if any 'super long term traders' who sold the 'bottom' in 2002 are still in it..lol.. 5600 pip dd's.. and it came back..

Later today FOMC meeting minutes. Should provide some momentum. I'll stay aside for now, at the moment the EU price momentum is pointing upwards too much for my liking. Perhaps I'll be able to get in for a short at a higher price.

Shorts stopped, stand aside for now.

tp
flat on eu now

0725 may be a good shorting zone depending on pa there.. might not make it up there tho..
0750 is a weekly pp, so if it heads north wanna watch pa there too..

trying a short on uchf,i guess shorts are quite difficult on this pair for last few weeks

still waiting for 075x/73 ish. a + 0673 close. wouldn't hurt. 0684 stronger

made it 1/2 way to 0753. it may try again after 0661

fitting 1/2 the possible 0750/57 pattern. some R 0756/73.9 on chart

EURUSD

The Euro remains under pressure and retested yesterday’s low at 1.0629, which lies ticks above 16 Apr low at 1.0622, the last obstacle on the way to psychological 1.0600 support.
Near-term price action bounces from fresh lows, on profit-taking rally, which is expected to precede fresh attempts lower.
Initial barriers lay at 1.0680/90, hourly lower platform / falling hourly Ichimoku cloud base, which should ideally cap. However, break here would signal hourly double-bottom formation and allow for further recovery towards 1.0735, falling daily 10SMA / hourly Ichimoku cloud top and 1.0760, daily Tenkan-sen / hourly double top and Fibo 61.8% of 1.0828/1.0629 downleg, where extended rallies should be limited.

Res: 1.0690; 1.0735; 1.0760; 1.0800
Sup: 1.0648; 1.0629; 1.0600; 1.0560

http://mediaserver.fxstreet.com/Repo...1118100242.png
Source : fxstreet.com

do someone has shorts from 1.14-1.10 ?

s/o
pending short 0754 .
pending bid 0645

Have from 1.22++

EU is working through on its first R for a possible up retr.
The apparent safety of adding to a short for continuation or the chance of catching a retr. at a good price?

In the last two days it dropped in off peak hours suggesting lack of volumes to the downside. That plus the terrorism situation suggests the opportunity for a good stop running on the recent shorters.

I took the short just below yesterdays high and the Weekly S1 level. Set to BE already due to lack of volume

Dax once again sitting on Daily Pivot / Open level

stop at BE