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EURUSD

  • #1,114,981
  • Jun 7, 2017 6:50am Jun 7, 2017 6:50am
Strong Support at 1.12 level
Markets are Irrational
  • #1,114,982
  • Jun 7, 2017 6:55am Jun 7, 2017 6:55am
Quoting ArslanHyder
Strong Support at 1.12 level
Only until 14:00 GMT
  • #1,114,983
  • Jun 7, 2017 7:00am Jun 7, 2017 7:00am
Quoting Connors
{quote} Sorry to hear that but was an unexpected news.. PA is very good tough.
Drop was expected but when and where It's all good brother. It's doesn't look like reversal yet but will see today! Good luck!
  • #1,114,984
  • Jun 7, 2017 7:00am Jun 7, 2017 7:00am
Quoting suntan
{quote} Only until 14:00 GMT
If EUR drops beyond this level.. it is highly probabilistic estimate that it will reverse from 1.115 level
Markets are Irrational
  • #1,114,985
  • Jun 7, 2017 7:00am Jun 7, 2017 7:00am
Quoting Connors
{quote} Sorry to hear that but was an unexpected news.. PA is very good tough.
Well, not good NFP numbers last week, everyone thought it will rocket through the sky and now here we are. Basically PA only follows its course. News are only hiccups.
  • #1,114,986
  • Jun 7, 2017 7:04am Jun 7, 2017 7:04am
Quoting swing 123
{quote} Well, not good NFP numbers last week, everyone thought it will rocket through the sky and now here we are. Basically PA only follows its course. News are only hiccups.
Dunno, still looks bullish to me.
  • #1,114,987
  • Jun 7, 2017 7:06am Jun 7, 2017 7:06am
Dynamic resistance is good for EURUSD. Bull will feel bothered
You cannot learn better without losing
  • #1,114,988
  • Jun 7, 2017 7:08am Jun 7, 2017 7:08am
Quoting ArslanHyder
{quote} If EUR drops beyond this level.. it is highly probabilistic estimate that it will reverse from 1.115 level
Depends how hard it falls from 1.12 and if any big players jump in.
Next support 1.1160, 1.1109 then 1.0906.
1.1000 may play a part as a round number.

Don't forget we have a (likely) US rate rise next week as well.
  • #1,114,989
  • Jun 7, 2017 7:10am Jun 7, 2017 7:10am
Euro weakness in crosses approached their combined LL for the past 72 days. USD still not gaining much strength.
Attached Image (click to enlarge)
Click to Enlarge Name: bfa7d22770e34cd7858b9e9a08e64362.png Size: 79 KB
Unless everything else starts to drop soon, Euro shall range around here.
Attached Image (click to enlarge)
Click to Enlarge Name: ba9ed7cd7fe04ba190af6c1322bca1d5.png Size: 35 KB
  • #1,114,990
  • Jun 7, 2017 7:15am Jun 7, 2017 7:15am
Quoting Connors
{quote} Dunno, still looks bullish to me.
Still bearish confirmation remains as of now. The point is that it needed a dip before rise or further down if any.
  • #1,114,991
  • Edited 7:39am Jun 7, 2017 7:28am | Edited 7:39am
Everybody be cool, this is a robbery.
Any of you f n bears move... ...and I'll execute every mother f in last one of you.

Attached Image
Founder of Sutherland Wave Principle
  • #1,114,992
  • Jun 7, 2017 7:30am Jun 7, 2017 7:30am
Quoting suntan
Don't forget we have a (likely) US rate rise next week as well.
All just meaningless noise, Draghi, Yellen, all of them. Chart always says it all, where to long, where to short. Do you remember the last rate hike? EUR was at 1.06 and spiked to now 1.12+, thats just to clarify how little fundamentals mean, all that matters is where big players buy and sell. Yes, euro can go easily back towards 1.06, but it won't be because of anything Draghi or Yellen do, it will be because the big players will be selling and retail will be buying.
Everyone can see the chart, but only a few can actually read it.
  • #1,114,993
  • Jun 7, 2017 7:31am Jun 7, 2017 7:31am
Quoting swing 123
{quote} Well, not good NFP numbers last week, everyone thought it will rocket through the sky and now here we are. Basically PA only follows its course. News are only hiccups.
In my humble opinion: If you want to short, than you need a long pair, right?
So if you are playing big, than you need as much long as possibe to fill your short positions...and the easiest way to get this kind of liquidity is to manipulate the herd into the wrong way -> media/news/etc (the media is in the hand of the richest people on Earth).
Another example: think about the (false) breakout formations. Every school and book teaches that you have to catch breakout (in the direction of breakout). Well in my humble opinion new highs and breakouts just gives the fuel for preparing to the opposite direction.
f(z)=z2+c
  • #1,114,994
  • Jun 7, 2017 7:33am Jun 7, 2017 7:33am
Quoting sakisf
Euro weakness in crosses approached their combined LL for the past 72 days. USD still not gaining much strength.{image} Unless everything else starts to drop soon, Euro shall range around here.{image}
USD should gain a lot of strength (rates go back up bonds sell off) once the THURS UK elections are "cleared up"... I think a lot of the US rate decreases/bond buying recently have been due to that.

Well, that and China was working with the FED to try to Strengthen the CNY quickly. Note in this link the CNY appreciating and USD depreciating (1M timeframe!):
https://www.bloomberg.com/quote/USDCNY:CUR

I suspect that we should have turned down on 5/9 and that China messed this up... haha! But now I sound like TRUMP. CHINA!
  • #1,114,995
  • Jun 7, 2017 7:39am Jun 7, 2017 7:39am
Quoting skillz16
{quote} USD should gain a lot of strength (rates go back up bonds sell off) once the THURS UK elections are "cleared up"... I think a lot of the US rate decreases/bond buying recently have been due to that. Well, that and China was working with the FED to try to Strengthen the CNY quickly. Note in this link the CNY appreciating and USD depreciating (1M timeframe!): https://www.bloomberg.com/quote/USDCNY:CUR I suspect that we should have turned down on 5/9 and that China messed this up... haha! But now I sound like TRUMP. CHINA!
I think it needs to clear the rate rise first or produce some good news before gaining ground. Right now even with rate sitting at 99% chance and in a short period, it is on hold mode instead of buy. I don't follow CNY so can't comment on that.
  • #1,114,996
  • Jun 7, 2017 7:40am Jun 7, 2017 7:40am
man this market is crazy
When life gives you lemons, make lemonade
  • #1,114,997
  • Jun 7, 2017 7:40am Jun 7, 2017 7:40am
Quoting hathor
{quote} In my humble opinion: If you want to short, than you need a long pair, right? So if you are playing big, than you need as much long as possibe to fill your short positions...and the easiest way to get this kind of liquidity is to manipulate the herd into the wrong way -> media/news/etc (the media is in the hand of the richest people on Earth). Another example: think about the (false) breakout formations. Every school and book teaches that you have to catch breakout (in the direction of breakout). Well in my humble opinion new highs and breakouts...
Interesting... did you see that ChallengeGray number before? They initially announced a HUGE layoff number (bear USD, bull EURUSD) then later came back and revised it...

"[Ford] reduced the company's layoff announcement from 20,000 to 1,400."

!
The number of workforce reductions announced by US-based employers remain at a steady level in May, as planned job cuts totaled 33,092 for the month.
https://www.challengergray.com/press...t-report-33092

They initially said that the sky was falling at a crucil time... haha!

And they honestly did not say where the "MASSIVE CUTS" were coming from when they announced (would have been Ford)... they just said the US will have "massive cuts."
  • #1,114,998
  • Jun 7, 2017 7:44am Jun 7, 2017 7:44am
Quoting Angelina
Long 1.1212 Let see how it retrace. Will be out soon Will switch to short if it hold will below 1.12-33-44 zone Good luck everyone! Edited: planed to split positions and placed order at @ 1.1205 and 1.1190 But was hurry to jump in lol but it was not a bad price at all. Placed an order at 1.1190 also!
Out at 1.1231
It could rally up to 1.1255 but I will wait for another entry!
  • #1,114,999
  • Jun 7, 2017 7:49am Jun 7, 2017 7:49am
Quoting sakisf
{quote} I think it needs to clear the rate rise first or produce some good news before gaining ground. Right now even with rate sitting at 99% chance and in a short period, it is on hold mode instead of buy. I don't follow CNY so can't comment on that.
Check these out (the attachments) - the bottom chart is USDCNY with 5/9 highlighted on a YEAR timeframe.
I basically suspect that:
*there was evidence of US cooperation to strengthen the CNY compared to the USD (weaken USD while they did this).
*there was evidence that the US did a "mini operation twist." two weeks ago (buying 10Y up to 30Y, no ST since that will be "raised").
*there is a TON of safe haven buying prior to a close UK election.

A lot of this will be removed here soon so let's see what will/could happen...

My guess is that the ECB talks out of/off raises, people expect the US to start raising again... and they roll it back out to multiple raises and that starts to bring things down for EURUSD.
Attached Images
  • #1,115,000
  • Jun 7, 2017 7:53am Jun 7, 2017 7:53am
Quoting Angelina
{quote} Out at 1.1231 It could rally up to 1.1255 but I will wait for another entry!
Attached Image
When life gives you lemons, make lemonade
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