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

Originally Posted by Donn

Which of these has more weight to it:

Producer Price Index m/m

or

Net Long-term TIC flows ????


Attachment 67217

The US PPI can be a direct indicator of whether or not we are headed for rate hikes due to inflation so it usually has more immediate impact on the US dollar. The TIC flows show foreign buying of US treasuries, it sometimes has a muted impact on the market due to the fact that the report can show wide variance from month to month

Originally Posted by AyoBro

My fortified brickwall was destroyed@3050. Good thing I encouraged bill to let go of that short, to obtain a better entry.Lol. So price has hit the 1.382 of the 2586-2918 rally. Next up is the 1.618@3181. My hrly & below indies are turning from o/b levels but strangely the 4hr has not peaked its o/b level, hmmmmmmm. Anycase, Back to Business!!!

A-Yoooooooooo

Thanks a lot mate. Waiting for 3181 now then.

Closed longs for small profit because of news and now got buy order waiting at 1.3035 for re-test of previous resistence. Same targets as before.

Edit: Stop is 1.2945

Originally Posted by LRoy

I was just about to post the same thing. The charts dont lie I suppose but strange that it broke up just after GBP poor retail sales. Im long from the break with 1st target at 1.3120 and 2nd target at 1.3220 which looks like full extension of the bull flag.

It is possible that ITD3 high may have been reached this morning. Considering that there is a Fed meeting next week the price action might stall out for the next two days

Originally Posted by KUTERO

1.2980: blue uptrend line support

and channel upper band (red line) as resist at 60M

Originally Posted by stryker

Well, one of the reason i was away from all the good action is cuz i just had a baby girl (we still need to name her ).. other been holidays and all the hoopla that comes with it..
Intend to come back to trading coming Mon-Tues..
Ayooooooooooo.. Do we have a completion going around here.......... Can we wait few days for it to begin............... LOL........... I want in, I want in..
hehehe............... Really happy how things have turned up and before i vanish for few more days, i decided to leave a short entry at 3061 as a possible top for this rally before we go lower to testing 2790-2810 possibly.......

Anyways.. here are the charts (did yesterday).................................. see you all in few days..

Congrats Stryker...wishing you all the best and hope she lets you get some sleep

Originally Posted by Mary R

It is possible that ITD3 high may have been reached this morning. Considering that there is a Fed meeting next week the price action might stall out for the next two days

Mary

I recall a post of yours from either Friday, week-end, or Monday where you suggested I think " a few days of upside" given the *TD level at that time.

Well done and Thank you for sharing that.

Colly
---

Originally Posted by avkuvalekar

Thanks a lot mate. Waiting for 3181 now then.

No problem. Please check your indies for possible turn because though my 4hr is not ready(o/b), the 3102(1.382) just might hold. As far as trading what I see, 3123, 3126 & 3132 are the next set of hurdles that price has to jump over, to get to 3181.

A-Yooooooooooo

If 1.3090 resistance former support is broken then next target is 200 SMA at 1.3247. However it's also possible to go short from here as price is touching broken medium term ascending support line. Stop for short would be above 200 SMA. I'm currently long on this with B/E stop. I favour upside atleast to 1.3179 as market is trying to fill price action from 1.3179 to 1.2868 (the long red candle from 11/08/2010)

Also I'd take in count that if todays daily candle closes above 1.3050 there is a potential further move up.

should be diving soon, brownies bear where are u? honey dripping...
Good luck

Originally Posted by stryker

Well, one of the reason i was away from all the good action is cuz i just had a baby girl (we still need to name her ).. other been holidays and all the hoopla that comes with it..
Intend to come back to trading coming Mon-Tues..
Ayooooooooooo.. Do we have a completion going around here.......... Can we wait few days for it to begin............... LOL........... I want in, I want in..
hehehe............... Really happy how things have turned up and before i vanish for few more days, i decided to leave a short entry at 3061 as a possible top for this rally before we go lower to testing 2790-2810 possibly.......

Anyways.. here are the charts (did yesterday).................................. see you all in few days..

Hi, Good morning, Stryker
Congratulation!
Have a good day
Thanks

Originally Posted by Colly

Mary

I recall a post of yours from either Friday, week-end, or Monday where you suggested I think " a few days of upside" given the *TD level at that time.

Well done and Thank you for sharing that.

Colly
---

Thanks for the note of support! I was surprised about the sharp spike we saw on Tuesday, I think that may have been due to reports that some central banks were going to increase purchases of gold bullion for the first time in years, which may have caused a short lived panic-type sell off in the US dollar. If we don't see another move tonight into tomorrow I think the next move will come after the Fed announcement Tuesday

5 min chart update, either ED or expanded flat w4

A break above the 1.3120 would reinvigorate Euro Bulls.