EURUSD

Oops I mean I see it going lower. If ur a scalper or day trader it can go both up and down the same day. That just confuses everyone and no matter how often the swing and position traders try to help people understand this......it seems lost on most people. The trend for the GBP is down right now while the trend for USD is up; the trend for NZD is down and the JPY is up......CAD is also down.........the EUR is down and the CHF appears to be up.

http://www.zerohedge.com/news/2016-0...tal-army-tanks

Its is said that this is what caused the drop against the USD.. got it from @Geppy

i just thought RB are doing the usual cr.p. so Turkey has problems?? Damn, i should never trade Fridays..... I had few beers, laughing at E move down so what? This week has seen the craziest news. Good luck trading

I closed my short to early I think.

But you never know with euro,it can shoot up like a rocket he.

Wow.. its like an action movie.. lol

Man .. I wish the market never closed.. It was fun watching that price moving like that.. lol

Pre-ECB craziness already started...sooner than I expected. I will be trading until tuesday night and then take the rest of the week off, I am too old for this shit.

Risk off due to Turkey

yes military coup . perhaps sonday night usdtry open at 4 .000 maybe 5.000
i have longs usdtry eurtry , gbptry and goldtry
have a nice weekend

Yea that's true lol. The chart patterns for the EUR are distorted because of how heavily its traded. I would caution anyone from going long unless its for scalping purposes.

so military coup d'etat . Ehhh long time.
More details from the statement read out on the state broadcaster TRT at the behest of the military faction that seems to be behind the coup: It says that the freedom of Turkish citizens is guaranteed by what is referred to as a “peace council”, regardless of religion, race or language.It says the Peace Council will not allow public order to be damaged.It is worth remembering at this point that the Turkish government still claims to be in charge.An EU source monitoring events has told Reuters that military forces have control of airports and strategic points in Istanbul.

Got it.. Thanks

Who is your broker for these pairs... ?

turkish broker Destekfx

coup in turkey was kind of fast
France , turkey ,... really sad to see this news in this days.

It's definitely not the end either

I am a little bit skeptical about the Euro... but is already down the 1.1050 handle so the coming days will see it push below the 1.0800 levels

sure why not 1.000 .
Now - about Monday. The E/U was pushed down by the news. But with failed military coup, the E must jump back? So do we expect a gap up.... Or down? I think a bit down gap...
Here's my old prediction so accurate...to within 15 pips . Only the leg up remains
sorry friend. Seems unsuccessful. The lira was at 3.015 Friday

i am a new comer. i was going through the chart from my humble perspective ,it reveal a pattern that may be it would be helpful fur fure trend.

The Turkish Government made it very clear.. To expect more of this unrest in the future and it seems they are even referring to the "not so far" future! And they were even specific in stating that the unrest will specifically come from the military establishment. This is not to mention that there is a strong opposition starting to voice out against "some" government policies towards some issues within the Turkish arena and also the clashes with the terrorist "states" next door in Syria.

1- That means that the amounts of bought USD starting at the time the coup was announced, which was the major factor in pushing the Euro down further late on Friday night, is not likely to be sold so quickly! This "alone" would leave the Euro with a big gap down at market open Monday morning (Sunday night in some cases). No speculation here on the existence of a gap and this gap's exact size, but lets not jump to conclusions yet!

2- However, the news that came in last night also included that the buyers were also buying Euros and not only USD. The ratio at least until the market closed was a lot higher towards the USD; hence the push down, but about half an hour in to the move, we started seeing erratic price fluctuations even making the price move up and down very strongly indicating two strong forces acting on it at the same time, which is most probably the result of two things happening. I am sure one of these forces was the pending long (buy) positions at daily support 2 (at 1.1045), weekly support (at 1.1036), the support from the upward trend-line at 1.1034, and the very strong resistance (turned support) from December 2015 and recently tested on a number of days since Brexit at about 1.1026 which the market closed almost at! This adds a lot to the suspense of what is to come at market open really. The other factor that played a role in pushing back the price at about 1.1027 was the simultaneous buying of Euros also in relatively large volumes according to the reports. Again, the exact ratio would not be determined by normal analysis especially during the volatile abnormal circumstances surrounding the event, and also under the current lack of certainty of whats to expect and lack of official information.

Buying more USD than Euros was in fact due to factors as well. The Euro had just showed a weakness against the USD that same morning and moved about a 100 pips south. The other factor that played a role may be related to the US financial and political investments in Turkey in relation to whose by the EU.

Adding point 2 to the equation would make us lean toward a gap to the south, but a "not so big" gap to the south. In the attached chart, you will find the green trend-lines that are acting as support area for the upward channel which the Euro have been moving in since Brexit and between the 50% and 78.6% Fibonacci levels of the Brexit downward price move and between the Friday's support levels at 1.1045 and 1.10968. A Monday opening price below this area would prove very hard to overcome and would take the price moving in a new channel below the one it used since Brexit until new fundamental news would change that.

It is also worth mentioning that xe.com, which sometimes provides an indication of where the price is during weekends, has the last known price at 1.1035 which is a couple of pips above the majority of retail forex broker closing prices. The xe.com latest chart at the time of writing this post is also attached. However, this may not be a true reflection of what to expect on Monday.

Trade well all and green pips..