Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

meonia where do you think good enry for sell would be again

Originally Posted by meonia

Not yet though. I think we'll see a move past 9000 on the Dow to the fib res at 9016, and then you may see a major reversal somewhere around there.

That will probably coincide with the Euro at 1.45 - 1.47 imho...

Tired of this day so far.
Just some 4 hour pics of the EUR/USD and USD/CAD

Originally Posted by neller

meonia where do you think good enry for sell would be again

1.4092 - 1.4115

Currently a buy at 1.4033 as 61.8% retrace of yesterday's high - low and just touched oversold on 5 min.

However, might be worth waiting for a bigger drop towards 1.3995 for some buying. As usual, implement your stop-loss strategy as such to suit your targets and risk:reward & trading profile.

good morning every body

i am going long at
13950/70
to 141
sl 13910

or short at
14140
to 14075
sl 14180
so what do u think guys are we going to see 13970 today or 14140 again

DOnt worry the day will turn out good yesterday was such a day for me in the begining

Originally Posted by hutrader

Tired of this day so far.
Just some 4 hour pics of the EUR/USD and USD/CAD

Originally Posted by neller

hutrade are you still in usd/cad

Yeps, disaster ATM. But the day hasn't finished yet :-)
I've went long on the EUR-USD. hunting for the 1.4102 again. lol suicide?

Originally Posted by neller

meonia where do you think good enry for sell would be again

Neller, how much money r u putting per trade?

Originally Posted by meonia

1.4092 - 1.4115

Currently a buy at 1.4033 as 61.8% retrace of yesterday's high - low and just touched oversold on 5 min.

However, might be worth waiting for a bigger drop towards 1.3995 for some buying. As usual, implement your stop-loss strategy as such to suit your targets and risk:reward & trading profile.

And I presume you guys are following the downward channel on the 1 min chart. Started from high of 1.4116 this morning. So possible short here at 1.4055, but too risky for me as just bounced off 61.8% retracement, so will either hold here for move lower or break out of channel now.

i dont know in my opinion we will have a heavy ranging market today but that is just a opinion but i think it is more a short day than al long day

Originally Posted by walidsrouji

good morning every body

i am going long at
13950/70
to 141
sl 1910

or short at
14140
to 14075
sl 14180
so what do u think guys are we going to see 13970 today or 14140 again

Originally Posted by meonia

Not yet though. I think we'll see a move past 9000 on the Dow to the fib res at 9016, and then you may see a major reversal somewhere around there.

That will probably coincide with the Euro at 1.45 - 1.47 imho...

i think you are wrong and we will start to selloff today...

let´s see...

cheerssss

And short EUR-USD again. crap I hate these turns all the time. LOL

I also think that short now is bit risky will want al little more up according to my indicators there will be a bit of a move up before going down again

Originally Posted by meonia

And I presume you guys are following the downward channel on the 1 min chart. Started from high of 1.4116 this morning. So possible short here at 1.4055, but too risky for me as just bounced off 61.8% retracement, so will either hold here for move lower or break out of channel now.

Originally Posted by neller

i dont know in my opinion we will have a heavy ranging market today but that is just a opinion but i think it is more a short day than al long day

See the yellow line ( 200MA ) turning it's head down. 15 minute chart.

seems like it's too slow today i'll be back in 1 hour

Originally Posted by BigWave

i think you are wrong and we will start to selloff today...

let´s see...

cheerssss

Well we need a catalyst I think, for a big move down, and we're not quite there yet I believe.

On my hourly, the rising channel still has support now in the 1.3930 - 40 zone for a move higher. Topside is above 1.46 now.

Now as MelbGirl said, there's an upside down head and shoulders too, albeit at a slanted angle downwards.

We shall see though. Definitely downward move this morning from 1.41 - 1.410 range, which was supported by mid-way point of 50% to 61.8% fib retrace of 1.4340 to 1.3806 move. If there is going to be a bigger move down, then you'd expect a retrace to 1.4140s mark towards 1.36. Still has to take out 1.3940 region for me first to be overly bearish in my view at this point.