Should we trust the rebound in EUR/USD? | Forex Factory

  • Should we trust the rebound in EUR/USD?

    From marketsquawkbox.com

    Monday’s sharp reversal in EUR/USD following Renzi’s defeat in the Italian referendum may have caught many by surprise. Pundits are wondering whether the EUR has bottomed out (and the USD has topped out) at least for the near-term. Chart experts say Monday’s candlestick is the exact opposite to the one seen on November 9.The pair dropped 400 pips or so following the November 9 candle. Given, the Monday’s candle is the exact opposite of the November 9 candle… should we expect the pair to rally to 1.12 (400 pips or so from Monday’s close of 1.0756). Sell the rally… as Monthly chart looks bearish Looking ... (full story)

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Not-KPMG
Dec 7, 2016 1:25pm — Edited
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Why not. It's all moves, sentiment, spikes... Let's wait a bit. What's the hurry??

Maybe 0820, 0940 next. Technically.

Maybe 0670 retest. Even 0600... Most likely zigzag.
Try to look north.

Bearish flag can wait for FED.


600 views. No comments. Tut tut
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DonPato
Dec 7, 2016 1:45pm
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It is never a matter of "trust". Just follow the order flow. Price has now bounced three times from the same 15 years low. Was in from the last low and will hold to the 1.09 area... Buying dips as they occur
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Ghassforex
Dec 7, 2016 1:31pm
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Quoting Not-KPMG
Why not. It's all moves, sentiment, spikes...

Maybe 0820, 0940 next. Technically.

Maybe 0670 retest. Even 0600... Most likely zigzag.
Try to look north.


600 views. No comments. Tut tut
Yes sure zigzag)) lol . but 1rst south then after north and 1.05 still on the table ...
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Ghassforex
Dec 7, 2016 1:55pm
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Quoting DonPato
It is never a matter of "trust". Just follow the order flow. Price has now bounced three times from the same 15 years low. Was in from the last low and will hold to the 1.09 area... Buying dips as they occur
Why not shorting bounce ? we are talking about EURO/ZONE or EUOR/ZOEN lol yeah??))) I like when you use word" HOLD"
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Ghassforex
Dec 8, 2016 8:14am
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Quoting marketsquawk
EUR/USD drops ..fades spike to 1.0870
I was short @ 1.0783 and I shot the fades spike ))) lol TP @ 1.0650 I am out waiting for D1 close if under 1.0640 I will short again TP 1.0590
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Not-KPMG
Dec 8, 2016 12:42pm
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Quoting Ghassforex
Yes sure zigzag)) lol . but 1rst south then after north and 1.05 still on the table ...
North then south

Now 0610. Next zigzag again...
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EventHorizon
Dec 7, 2016 8:59pm
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Quoting Ghassforex
Why not shorting bounce ? we are talking about EURO/ZONE or EUOR/ZOEN lol yeah??))) I like when you use word" HOLD"
I always just short the eurusd, as if I need to hang onto it a get positive swap.
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marketsquawk
Dec 8, 2016 7:51am
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EUR/USD drops ..fades spike to 1.0870
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