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  • #1,074,041
  • Edited 10:43am Aug 18, 2016 9:47am | Edited 10:43am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting 3Davy
{quote} A big move to the up ore downside? Why is euro so stronge the last days? Anyone?
Just because the markets do not see any inminent Fed rate increase... and also because the latest economic european data is not as bad as in the previous months.

I can not find any other reasons.

Fundamentals say that the eurusd should go down soon and the charts today (weekly) say that, meanwhile, it is going up, until the moment in which it starts to turn down.

Regards. Jos
  • #1,074,042
  • Aug 18, 2016 9:56am Aug 18, 2016 9:56am
Quoting jmmn
{quote} Just because the markets do not see any inminent Fed rate increase... and also because the lastest economic european data is not as bad as in the previous months. I can not find any other reasons. Fundamentals say that the eurusd should go down soon and the charts today (weekly) say that, meanwhile, it is going up, until the moment in which it starts to turn down. Regards. Jos
You don't have a crystal ball but to where do you think euro can go.

I'am ready for shorts but maybe it to soon.
  • #1,074,043
  • Aug 18, 2016 10:11am Aug 18, 2016 10:11am
As usual the American media arm is doing everything it can to attack the Euro zone economy and especially Italy and opening up the idea of a zone breakup again not to mention saying the word Brexit like 5 times a minute to save the USD from the mess it is in..

What a low move!!!!

Clearly they have no other way to help the USD..

EDIT: for the record, the Brits and Americans are aligned against the Euro zone when it comes to Economics..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,044
  • Aug 18, 2016 10:27am Aug 18, 2016 10:27am
I am italian. Bad situation of italian Bank is clear from many years ago. They start to breakdown from your USA crack in 2008/2009 :-)

The bad situation is for "Monte dei Pachi di Siena", the oldest italian bank but not the biggest. The biggests are "Unicredit" and "Intesa San Paolo" that they have their problem but they aren't near a breakdown.

Italy is a little state for money and business so i don't think that italian bank can influence Euro :-)
Italy has low importance in Europe :-)
  • #1,074,045
  • Aug 18, 2016 10:35am Aug 18, 2016 10:35am
11.35 Est. E=1.1332 Last strength show... 1.1340 very probable to achieve.

A move below 1.13 00 will be fatal and open the gate to a Niagara Fall . Be prepared.
  • #1,074,046
  • Aug 18, 2016 10:35am Aug 18, 2016 10:35am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting 3Davy
{quote} You don't have a crystal ball but to where do you think euro can go. I'am ready for shorts but maybe it to soon.
I believe that UP (I use weekly charts). All the best. Jos
  • #1,074,047
  • Aug 18, 2016 10:39am Aug 18, 2016 10:39am
Quoting EmmeLegend
I am italian. Bad situation of italian Bank is clear from many years ago. They start to breakdown from your USA crack in 2008/2009 :-) The bad situation is for "Monte dei Pachi di Siena", the oldest italian bank but not the biggest. The biggests are "Unicredit" and "Intesa San Paolo" that they have their problem but they aren't near a breakdown. Italy is a little state for money and business so i don't think that italian bank can influence Euro :-) Italy has low importance in Europe :-)
The size on the country and its weight is not the point really.. The point is, and as you kindly stated, that this has been a fact for years!! "So", why bring it up "now" when the USD is facing trouble!!

That is why I find this campaign is being being low!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,048
  • Aug 18, 2016 10:45am Aug 18, 2016 10:45am
US media says the Fed will only be able to move with regards to rates after September mainly due to the political issues in the US with regards to the transition and the elections..

That also means that the BoJ will not also be doing anything with the strong Yen too!!!

Green pips friends..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,049
  • Aug 18, 2016 10:46am Aug 18, 2016 10:46am
Quoting jmmn
{quote} I believe that UP (I use weekly charts). All the best. Jos
Can you give me a number?
  • #1,074,050
  • Aug 18, 2016 10:52am Aug 18, 2016 10:52am
It is one big sideways trade on a weekly chart. If you are good at swinging through big ranges, then this is your market!

Best with this beast!
  • #1,074,051
  • Aug 18, 2016 11:16am Aug 18, 2016 11:16am
Ladies and gents,
it looks like it is time to short
price at the moment are 1.1336
gl
(It's not an advise, use your own head..)
  • #1,074,052
  • Aug 18, 2016 11:32am Aug 18, 2016 11:32am
Just a reminder guys. . . .
Tomorrow 19 Aug. is 360 days from the 24 Aug. 2015 top , which was a very significant top. . . . .
A day plus or minus is normal deviation .
Pytaz yes ...@@@ !!!
  • #1,074,053
  • Aug 18, 2016 12:57pm Aug 18, 2016 12:57pm
Quoting pytaz
Ladies and gents, it looks like it is time to short price at the moment are 1.1336 gl

I am short.. !! But the USD is so weak.. I am in this trade for the tech analysis only.. If I count the fundi, I wouldn't be trading at all really ..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,054
  • Aug 18, 2016 1:07pm Aug 18, 2016 1:07pm
Quoting baherhosni
{quote} I am short.. !! But the USD is so weak.. I am in this trade for the tech analysis only.. If I count the fundi, I wouldn't be trading at all really ..
Monthly R1 pivot as resistance....??
Somewhere here it must come down....mhhhhh.... I'm starting to hate this move...
You can manage risk, but you can't manage the return
  • #1,074,055
  • Aug 18, 2016 1:11pm Aug 18, 2016 1:11pm
Short 1353
Everyone can see the chart, but only a few can actually read it.
  • #1,074,056
  • Aug 18, 2016 1:18pm Aug 18, 2016 1:18pm
see 1.1369
  • #1,074,057
  • Aug 18, 2016 1:22pm Aug 18, 2016 1:22pm
Quoting HappyMe
{quote} Monthly R1 pivot as resistance....?? Somewhere here it must come down....mhhhhh.... I'm starting to hate this move...
I despise it lol..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,058
  • Aug 18, 2016 1:34pm Aug 18, 2016 1:34pm
i am thinking really who could be behind this kind of moving??!!! market makers?!!!
maybe they want move the price up and up and then release it suddenly to make huge money??!! so unfair...
  • #1,074,059
  • Aug 18, 2016 1:35pm Aug 18, 2016 1:35pm
Shorting @ 13533
  • #1,074,060
  • Aug 18, 2016 1:37pm Aug 18, 2016 1:37pm
I suppose another bull run of 15-20 pips but that should be the last breath for today...
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