EURUSD | Page 53448 | 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

  • #1,068,941
  • Jun 1, 2016 3:32pm Jun 1, 2016 3:32pm
Quoting baherhosni
Not enough volumes to judge anything guys... It seems the scalpers are supporting at 1184... Used to be a scalper and its very nice with very high risk... Now I am working on my long-term trading skills..
I think the double touch of the 2nd daily resistance a while ago was today's maximum and BoJ will push USD higher during the forthcoming Asian session so maybe it was the maximum of this week.
Patience is a key to joy.
  • #1,068,942
  • Jun 1, 2016 3:39pm Jun 1, 2016 3:39pm
Quoting Don96
{quote} we are going to 1.2, technically anyway, if it becomes invalidated then so what... 1.22 before 0.8x anyway Also when was the last hike in US?

I kinda agree with your technical sentiment.. We should be able to confirm soon anyway..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,068,943
  • Jun 1, 2016 3:42pm Jun 1, 2016 3:42pm
Quoting TeddyBearish
{quote} I think the double touch of the 2nd daily resistance a while ago was today's maximum and BoJ will push USD higher during the forthcoming Asian session so maybe it was the maximum of this week.

I still think we in a major technical support and convergence area + the fundamental downward pressure is also high. I still stand by my thought that volumes are what is going to resolve this conflict between the bulls and bears here..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,068,944
  • Jun 1, 2016 3:46pm Jun 1, 2016 3:46pm
Quoting baherhosni
{quote} I kinda agree with your technical sentiment.. We should be able to confirm soon anyway..
Intraday traders have already begun to take profits.
Patience is a key to joy.
  • #1,068,945
  • Jun 1, 2016 3:47pm Jun 1, 2016 3:47pm
Quoting TeddyBearish
{quote} Intraday traders have already begun to take profits.
and how would you know this ? I'm guessing your short?
btw I'm not digging or anything, just yout news insights intrigue me, yet you seem to disregard chart work in favour of news?
  • #1,068,946
  • Jun 1, 2016 3:55pm Jun 1, 2016 3:55pm
Quoting Don96
{quote} and how would you know this ? I'm guessing your short? btw I'm not digging or anything, just yout news insights intrigue me, yet you seem to disregard chart work in favour of news?
I can simply see it at the chart.
Maybe I will go short now.
Technical analysis is useful as a complementary tool if you know what to look for (=if you know basic fundamentals). I spent one year testing many indicators on four computers running in parallel day and night. The result was that every indicator fails sooner or later.
Patience is a key to joy.
  • #1,068,947
  • Jun 1, 2016 3:59pm Jun 1, 2016 3:59pm
Quoting TeddyBearish
{quote} I can simply see it at the chart. Maybe I will go short now. Technical analysis is useful as a complementary tool if you know what to look for (=if you know basic fundamentals). I spent one year testing many indicators on four computers running in parallel day and night. The result was that every indicator fails sooner or later.
yeah on their own of course they do... but I mean news events etc are even less reliable
you can see profit taking from market movers by a 10 pip drop?
  • #1,068,948
  • Jun 1, 2016 4:08pm Jun 1, 2016 4:08pm
The new day candle is born. Let us see where that candle will find support and resistance
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,068,949
  • Jun 1, 2016 4:17pm Jun 1, 2016 4:17pm
Quoting Don96
{quote} yeah on their own of course they do... but I mean news events etc are even less reliable you can see profit taking from market movers by a 10 pip drop?
You are right that market reaction to some news is strange. E.g., We think that it is broadly expected that ECB will do nothing tomorrow. In this case, market reaction should be none but market will probably react.
At the end of the day, profit taking is usual and it looks like an ice-hockey stick.
Patience is a key to joy.
  • #1,068,950
  • Jun 1, 2016 4:20pm Jun 1, 2016 4:20pm
Quoting TeddyBearish
{quote} You are right that market reaction to some news is strange. E.g., We think that it is broadly expected that ECB will do nothing tomorrow. In this case, market reaction should be none but market will probably react. At the end of the day, profit taking is usual and it looks like an ice-hockey stick.
what happened after last rate hike?
  • #1,068,951
  • Jun 1, 2016 4:23pm Jun 1, 2016 4:23pm
Quoting Don96
{quote} what happened after last rate hike?
Market was dissapointed because the hike was smaller than expected.
Patience is a key to joy.
  • #1,068,952
  • Jun 1, 2016 4:24pm Jun 1, 2016 4:24pm
Quoting TeddyBearish
{quote} Market was dissapointed because the hike was smaller than expected.
ooo.. I'm expecting EU to get to 1.17 and 1.2. we will see lower yes, but before lower target, higher first
  • #1,068,953
  • Jun 1, 2016 5:17pm Jun 1, 2016 5:17pm
Quoting Don96
{quote} ooo.. I'm expecting EU to get to 1.17 and 1.2. we will see lower yes, but before lower target, higher first

I wanna take it one step at time.. Once bullish is confirmed, I want to take it up to 14950 as my first target then we'll see where the trend takes us if 15000 breaks
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,068,954
  • Jun 1, 2016 5:22pm Jun 1, 2016 5:22pm
I think in such crisis , you should be checking the fundamental more than technical and uses technical as an indicator to know when to enter and when to leave. At the end , tomorrow draghi gonna talk and he should be dovish since the euro is in uncertainties now and also check friday. If the NFP got good news. I can say then that eur/usd will fall to 1.08
  • #1,068,955
  • Jun 1, 2016 5:53pm Jun 1, 2016 5:53pm
Dollar remain under pressure ahead of ECB economic policy meeting early Thursday, the pair has limited downside movement. On the upside I'm waiting for break out of 1.12 psychological resistance level.
  • #1,068,956
  • Jun 1, 2016 6:28pm Jun 1, 2016 6:28pm
on the daily/4H eu looks going into a weak retrace before resuming the way to 1.08
on the smaller time frames, it looks bullish but retracement very likely to to mid 1.11 for possible resume of ascent

When life gives you lemons, make lemonade
  • #1,068,957
  • Jun 1, 2016 11:20pm Jun 1, 2016 11:20pm
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,068,958
  • Edited 1:13am Jun 2, 2016 12:47am | Edited 1:13am
My Intraday Setup

a lot of speaches, ECB, data, and OPEC meeting today, so a volatility episode probably today

- the abrupt bullish regression TL (last 24hours) claims for a correction
- the volatility today may sweep on the way some selling opportunities (chart);
- resistence DR1 1.1216
- supports WR1 1.1200, D-mid 1.1190, W-mid 1.1177
- if DR1 1.1216 broken turns into buying opportunities and further taking new heighs to sell

Fundies: ...a lot :-)

Green to all!
Attached Image (click to enlarge)
Click to Enlarge Name: zhart.png Size: 28 KB
Member
  • #1,068,959
  • Jun 2, 2016 12:59am Jun 2, 2016 12:59am
Quoting micho
on the daily/4H eu looks going into a weak retrace before resuming the way to 1.08 on the smaller time frames, it looks bullish but retracement very likely to to mid 1.11 for possible resume of ascent
hello, in the first move eurusd down until 1.1070 and later receive to 1.1395 and later 1.1730
  • #1,068,960
  • Jun 2, 2016 1:04am Jun 2, 2016 1:04am
Today there is an apportunaty to make a high movement on the news at 4 .30 to 5.35. +5gm.
Usd will aquire low position but at the next movement usd will get high position.
559 traders viewing now