EURUSD | Page 52325 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,046,481
  • Dec 22, 2015 10:23am Dec 22, 2015 10:23am
Interesting hourly bar on Eu/Us,could be a short term top ,the Cross is at 0.7400 round number
which could help the selling cause although the cross looks like it still wants up,it looks like this
is where most of the buying has been today.imho.
  • #1,046,482
  • Dec 22, 2015 10:27am Dec 22, 2015 10:27am
Quoting gatorinla
{quote} does that account for the bounce in both after 2009?
That was before EURO was a funding currency. Now when we have corrections in equities, EURO behaves differently than in did in 2009. You don't need to curve fit fundis to understand the mechanics of it. Besides the drop in equities, Sterling weakness is pumping EURGBP and Oil is pushing the EURO commodity crosses as well. EURCAD has been on fire.

This month the "go to cash" line on EURUSD is 1.0982, in November it was 1.1084, and September 1.1120, so the weighted balance has slowly shifted lower.

Quoting Luther
The thing with the rise in April was a combination of factors, some it was US FED related, but a big part of it was also the ECB change in the Maastrict treaty in January and the lowered borrowing cost for Euro. ... Draghi has more flexibility for OMO with the treaty changes to support the Euro. The other is now with risk off carry unwinds, the flows go back into Euro, so it behaves completely differently than it used to. Lagarde, Draghi, and Brussels agreed that 1.100 was fair valuation for Euro back in February
  • #1,046,483
  • Dec 22, 2015 10:33am Dec 22, 2015 10:33am
Quoting chibai73
{quote} {image} Hi. This is my view. It's approaching bottom of down channel. If it holds then we could have some rebound.
heh
Attached Image
Shit Happens
  • #1,046,484
  • Dec 22, 2015 10:37am Dec 22, 2015 10:37am
brent vs wti
Attached Image
  • #1,046,485
  • Dec 22, 2015 10:39am Dec 22, 2015 10:39am
Quoting sgkrishn
Long @ 964 tp 1010
I don't know about 1.10.

Are you holding longs?
  • #1,046,486
  • Dec 22, 2015 10:43am Dec 22, 2015 10:43am
Quoting MissPips
{quote} Infinitus posted info in his thread (http://www.forexfactory.com/showthre...01#post8199001) and I posted charts in the Useless thread (http://www.forexfactory.com/showthre...31#post8239931, http://www.forexfactory.com/showthre...70#post8242670) at the end of last April when it was being claimed that' there will be no other fundamental force, macro numbers or else that will prime over a CB about to hike' showing that that a rise in rates (or an expectation of them) does not...
All we can say from evidence is, that there is no correlation between rates hike and currency strength. There are some studies out. I think I linked some in my thread some weeks ago.

All we get is the following:

one has to look at the currency before the rate hike:

there is a strong tendency for the currency to set forth the path. When e.g. the USD got stronger before rate hike, then chance is big that it will get stronger during the hiking phase.

But I understood this to be only a guideline, not a rule. So weigh your chances.......
  • #1,046,487
  • Dec 22, 2015 10:43am Dec 22, 2015 10:43am
Quoting 3Davy
{quote} I don't know about 1.10. Are you holding longs?
yes bro
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 3 KB
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #1,046,488
  • Dec 22, 2015 10:46am Dec 22, 2015 10:46am
Quoting sgkrishn
{quote} yes bro {image}
not holding any from lower ?
  • #1,046,489
  • Dec 22, 2015 10:47am Dec 22, 2015 10:47am
Quoting edyraper
brent vs wti {image}
Do you know why Brent and WTI spread narrowing?

Google the answer and post it here
  • #1,046,490
  • Dec 22, 2015 10:48am Dec 22, 2015 10:48am
Finally BULLS beat BEARS... If i'm correct we'll see 1.1250 before year close..who knows may be tomorrow...

Closed all shorts and staying neutral...

See you all in New year!!
When Scalpers win, I lose and Vice varsa...
  • #1,046,491
  • Dec 22, 2015 10:52am Dec 22, 2015 10:52am
The reason why Bear is done because Draghi killed it just after double test the last and all time bullish TL.
You cannot learn better without losing
  • #1,046,492
  • Dec 22, 2015 10:55am Dec 22, 2015 10:55am
Quoting Goldflake
Finally BULLS beat BEARS... If i'm correct we'll see 1.1250 before year close..who knows may be tomorrow... Closed all shorts and staying neutral... See you all in New year!!
I still believe in parity.

We will see.

For now only watching.
  • #1,046,493
  • Dec 22, 2015 10:55am Dec 22, 2015 10:55am
Quoting Ken A
{quote} Do you know why Brent and WTI spread narrowing? Google the answer and post it here
http://www.zerohedge.com/news/2015-1...over-11-months
  • #1,046,494
  • Dec 22, 2015 10:55am Dec 22, 2015 10:55am
Quoting Goldflake
Finally BULLS beat BEARS... If i'm correct we'll see 1.1250 before year close..who knows may be tomorrow... Closed all shorts and staying neutral... See you all in New year!!
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #1,046,495
  • Dec 22, 2015 10:59am Dec 22, 2015 10:59am
Quoting 3Davy
{quote} I still believe in parity. We will see.
No more Parity according to me...Bulls showing some serious power here... I'm seeing some Bigger targets to the upside in JAN 2016.

Just keep my level 1250 and see what happens there...

Good luck..
When Scalpers win, I lose and Vice varsa...
  • #1,046,496
  • Dec 22, 2015 10:59am Dec 22, 2015 10:59am
Quoting infinitus
{quote} All we can say from evidence is, that there is no correlation between rates hike and currency strength. There are some studies out. I think I linked some in my thread some weeks ago. All we get is the following: one has to look at the currency before the rate hike: there is a strong tendency for the currency to set forth the path. When e.g. the USD got stronger before rate hike, then chance is big that it will get stronger during the hiking phase. But I understood this to be only a guideline, not a rule. So weigh your chances.......

when EU was around the last low, we had less that 8 or 9% EURUSD bulls left.

This and the situation, that EURUSD had traced out an ending diagonal was one of the best signs to go long. Very high probability long trades were between roughly 1.06 and the low.

Situation now is very tricky, because we do not get high probability setups presented.


Price can easily go into the 1.15 or even 1.20 vicinity on the upper side.

If you like to short now, I would set a SL above 1.087. At that point the wave 3 down would reach into territory of wave 1 down. Either the count would be invalid at this point, or an ending diagonal down is developing. In the latter case, 1.1258 or around 1.15 may present good shorting opportunities.

EU bulls are around 30% now. That sucks, because it would have enough fuel for both directions.
  • #1,046,497
  • Dec 22, 2015 11:01am Dec 22, 2015 11:01am
Quoting edyraper
{quote} http://www.zerohedge.com/news/2015-1...over-11-months
http://www.oil-price.net/en/articles...l-industry.php

Price

Europe and the Middle East follow the Brent crude price index when striking oil purchases. US oil producers, located mainly in Texas and the Midwest follow a different index called the West Texas Intermediate, or WTI index. A refinery on the East coast of the United States pays the Brent crude price on imports from the Middle East, but the WTI price to US producers. These two indices, therefore, should be in synchronization, as they are both used on supplies to the same customers. However,since 2010 the two indices have diverged. At the maximum point of that divergence, in August 2012, the monthly average price of the Brent crude index was $23 higher than the WTI index. Economists would point out that such an anomaly highlights inefficiencies and imbalances in the oil pricing mechanism. That imbalance is greatly to the detriment of oil producers in the United States.

WTI Crude Oil
$34.74▲0.01 0.03%
2015.12.21 end-of-day

Brent Crude Oil
$36.35▼-0.53 -1.46%
2015.12.21 end-of-day

Imbalance

The marked difference between the monthly average prices of the WTI and Brent indices occurred because a major US oil refinery went offline for maintenance in 2012. This resulted in a glut at the source of the oil in the Midwest. The WTI index is based in Cushing, Oklahoma and the excessive supplies and storage of oil in that location depressed the oil price. However, the Brent index is based on world-wide supply and demand, which did not change significantly during this period. Had US producers been able to sell abroad at this point, the glut would have dissipated. Selling abroad, US producers would have obtained the international price for their product and the WTI and Brent indices would have returned to parity.
  • #1,046,498
  • Dec 22, 2015 11:04am Dec 22, 2015 11:04am
Quoting Ken A
{quote} http://www.oil-price.net/en/articles...l-industry.php Price Europe and the Middle East follow the Brent crude price index when striking oil purchases. US oil producers, located mainly in Texas and the Midwest follow a different index called the West Texas Intermediate, or WTI index. A refinery on the East coast of the United States pays the Brent crude price...
Thanks for informing
  • #1,046,499
  • Dec 22, 2015 11:08am Dec 22, 2015 11:08am
It was trap? Again trying to develop bullish candle.....
  • #1,046,500
  • Dec 22, 2015 11:13am Dec 22, 2015 11:13am
Short: 1.0979
Target: 1.0810
SL: 1.1015
425 traders viewing now, 2 are registered:
F.g
,
Abeesh107844