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

Hmmm, This is a daily on the EUR/USD. Price is back below the 25 EMA and the MacD histogram hints at further losses. SSI has just flipped to net long. US news is bad for stocks yet FOMC is saying no changes.

Originally Posted by Grin

Hmmm, This is a daily on the EUR/USD. Price is back below the 25 EMA and the MacD histogram hints at further losses. SSI has just flipped to net long. US news is bad for stocks yet FOMC is saying no changes.

The FOMC hasn't said anything yet. That comes outaround 2:15pm EST today. But economists/analysts anticipate no changes.

However, the important part will be in what they seem to hint about the future.

Originally Posted by Grin

Hmmm, This is a daily on the EUR/USD. Price is back below the 25 EMA and the MacD histogram hints at further losses. SSI has just flipped to net long. US news is bad for stocks yet FOMC is saying no changes.

Yes they will say no changes, but they will change the way they phrase it. Meaning, changes to come sooner than later. (good for the Buck).
Jaime just said the SSI went positive. This makes Me feel much more comfortable with My shorts.

waiting for dead cat bounce..

Eur/Usd

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Close the GAP ?


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Originally Posted by Sean Hyman

The FOMC hasn't said anything yet. That comes outaround 2:15pm EST today. But economists/analysts anticipate no changes.

However, the important part will be in what they seem to hint about the future.

Thanks Sean. I wonder if they're rewriting their statement to support stocks a bit.

I don't see much of a dead cat bounce with traders on both side of the pond watching their teams play footy! Wait for the action around FOMC... Euro to drop to 1.2150 odd me thinks.

Originally Posted by Grin

Thanks Sean. I wonder if they're rewriting their statement to support stocks a bit.

Who knows...I know they do most of what they do with the stock market in mind.

Originally Posted by Brero1974

I don't see much of a dead cat bounce with traders on both side of the pond watching their teams play footy! Wait for the action around FOMC... Euro to drop to 1.2150 odd me thinks.

Brero, great to have you with us in the trading community. Welcome!

Yeah, it could become a bit dull between now and the FOMC...then the volatility may return.

Originally Posted by bill2759

At least, I'll put it on the four hour. Maybe all of them. All I want to to is use it as a trend reference to the Bollinger Band signals. Ya know if the 200 MA is down, sell on the upper band. and vice versa.
There absolutely no chance of losing a Pip, acting on this information. Wanna Bet! LOL

Look at the top Left and enter this values for your time period. I could not get the daily bc not enough price data to creat. This is a 30min TF if you want it on a 1 hour Tf, Put your TF on 1 hour and Cut the vaules in half.

Originally Posted by Grin

Thanks Sean. I wonder if they're rewriting their statement to support stocks a bit.

I would keep an eye on the ten year bond yield too and see if it breaks out of its wedge, the dollar may follow. I think the Fed's main concern is the credit markets but they look at the stock markets too

Originally Posted by AyoBro

Heads up. With gbp starting to show signs of rate increases, the rate race is still in affect, which means risk appetite may rise along with price. So far the decline has slowly trickled down to 32.8 of wA, which has completed w(a) of B. w(b) of B is currently underway, in what maybe a triangle. I'm hopping for a wB flat to terminate@2382 but price has to get past 2330 first. Can't rule out EF targets of 2550 & 2602, especially if the H&s comes true.

A-Yo Bro

A convincing break could spell eur weakness, whether long or short.

A-Yoooooooo

Hi Sean - thanks for the welcome. I've been following your forum for the past 3 weeks and has been educating to read all the various views. I'm not that clued up on EW but it seems there is a belief in a euro rally once it falls a bit further. I'm of the view that this is a down week for the euro and stocks and a turnaround come Monday. Any thoughts guys?

Hi guys Left side is the 5 min TF and 1 Min on the right.