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EURUSD

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#1,068,621
Edited 9:44am May 27, 2016 9:25am | Edited 9:44am

.vor-
| Joined Feb 2013 | Status: Trader | 25 Posts

Don't expect too much from the Yellen speech today, because she is in Harvard and it won't be too political. If any comments about rates or econ data, it's likely to be carefully dovish, because data in US are worse than expected and NFP next week will be very low (maybe around 100k).
It's more likely she will be talking about that in her next speech on 6. June, prior to the next FED meeting. And looking at the current data, odds for a rate hike are getting worse.

I would be very careful buying USD now.

#1,068,622
May 27, 2016 9:44am May 27, 2016 9:44am

Nabz
| Joined Aug 2014 | Status: Trader | 781 Posts

If it goes down, then I believe it will go down to 1.107-108 and then fireworks upward to at least half of weekly candle.

#1,068,623
May 27, 2016 9:51am May 27, 2016 9:51am

Devonsent
| Joined Nov 2012 | Status: Trader | 459 Posts

Quoting Nabz

Disliked

If it goes down, then I believe it will go down to 1.107-108 and then fireworks upward to at least half of weekly candle.

Ignored

At the moment, I just want it to break that 61.8 Fib line at 1127 'cos then it's possibly clear to 1064 - or maybe not

#1,068,624
May 27, 2016 10:26am May 27, 2016 10:26am

micho
Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts

Quoting Devonsent

Disliked

So, here's a question for you all but let me give you a bit of background first: I am currently +180 pips (over two trading platforms) on the EURUSD with a TP set at 1005 (SL at 1250) - great news. My sister is a retired Professor of English from the University of Messina so her pension is paid in Euros and converted over here - more great news that the $ stays high. Both my gut and my head tell me to vote Leave come June 23rd and get the f*ck out of the EU and, if we are successful there, the Euro should drop like a stone, maybe down to the 1.05...

Ignored

god only knows whats gonna happen, your question really does not have an answer unless you want speculations that will never work

When life gives you lemons, make lemonade

#1,068,625
May 27, 2016 10:31am May 27, 2016 10:31am

arash66110
| Joined Jan 2013 | Status: Trader | 458 Posts

Very decent levels for long term traders to 1.16

#1,068,626
Edited 12:17pm May 27, 2016 11:18am | Edited 12:17pm

Nabz
| Joined Aug 2014 | Status: Trader | 781 Posts

US$ Index setup looks ready for fireworks. Euro bulls should be really cautious.

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#1,068,627
May 27, 2016 11:31am May 27, 2016 11:31am

Phil_GMT
Joined Jan 2008 | Status: Trader | 601 Posts

buy order. 1.1225 sl 60 pips target 1.1380

sell order 1.1115 sl 60 pips target 1.0985

good luck

All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.2%

#1,068,628
May 27, 2016 11:34am May 27, 2016 11:34am

Phil_GMT
Joined Jan 2008 | Status: Trader | 601 Posts

Daily ATR (14) at 20 month lows.

Tick vol is at normal levels

All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.2%

#1,068,629
May 27, 2016 11:56am May 27, 2016 11:56am

james1254
| Joined Sep 2015 | Status: Trader | 1,232 Posts

I am not opening any positions before Yellen speaks. I'd rather see what effect her speech will have on the pair first.

#1,068,630
May 27, 2016 12:02pm May 27, 2016 12:02pm

Devonsent
| Joined Nov 2012 | Status: Trader | 459 Posts

Quoting micho

Disliked

{quote} god only knows whats gonna happen, your question really does not have an answer unless you want speculations that will never work

Ignored

You're probably right but I thought (hoped) that maybe someone had opinions on the historical data showing the recovery rates of the Pound or Euro from previously.

When Britain left the ERM in '92 the Pound went from 2usd down to 1.40 but only took a few months to get back to where we are today. Admittedly, it went on to hit nearly 2.15 but that wasn't until 2008/9 and we all know what happened then!

'Course, pre 1999, there wasn't a Euro so it was really hoping for opinions based on more experienced minds trading the EurUSD than mine in what they feel may happen one way or the other.

#1,068,631
May 27, 2016 12:12pm May 27, 2016 12:12pm

arash66110
| Joined Jan 2013 | Status: Trader | 458 Posts

She is not speaking about monetary policy

#1,068,632
May 27, 2016 12:14pm May 27, 2016 12:14pm

EuroScalper
| Commercial User | Joined May 2016 | 3,511 Posts

Quoting james1254

Disliked

I am not opening any positions before Yellen speaks. I'd rather see what effect her speech will have on the pair first.

Ignored

Yes true and i am also waiting for her speech regardless of what is the indication that is being given by the Technical now

FXOpen - International True ECN Broker

#1,068,633
May 27, 2016 12:22pm May 27, 2016 12:22pm

liquidice
| Joined Aug 2014 | Status: Trader | 599 Posts

Quoting OnlineAddict

Disliked

{quote} Just technical reasons...I might be wrong, though...and I also might hold over 1285, if it goes there, we will see.

Ignored

Hey OnlineAddict its been a while, where have you been, how are you mate!

#1,068,634
May 27, 2016 12:22pm May 27, 2016 12:22pm

baliprada
Joined Jan 2011 | Status: . | 223 Posts

Quoting Devonsent

Disliked

{quote} You're probably right but I thought (hoped) that maybe someone had opinions on the historical data showing the recovery rates of the Pound or Euro from previously. When Britain left the ERM in '92 the Pound went from 2usd down to 1.40 but only took a few months to get back to where we are today. Admittedly, it went on to hit nearly 2.15 but that wasn't until 2008/9 and we all know what happened then! 'Course, pre 1999, there wasn't a Euro so it was really hoping for opinions based on more experienced minds trading the EurUSD than mine in...

Ignored

pound been above 2.xxxxx between Dec 18 1978 - June 03, 1981 and the highest in 2.45400 (Nov 05 1980)

Libenter homines id quod volunt credunt