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

Originally Posted by Paul Chin

I'm hoping to see a pin bar on a daily chart... nice explanations, but I cannot Like, Forum problem I think... Good luck with your plan.

Yes, I cannot like either. Says I'm not logged in :s

Just a stop hunt. I guess we are resuming higher until rate decision.
Anyway, I will be short I suppose (not yet) as SSI is turning long and it is a contrarian indicator...

Is this another diagonal kinda looks that way? Thoughts?

Originally Posted by s_slo87

3 steps forward 1 step back. Story of the Euro since january. When will the trend reverse? Who knows. Probably after QE2 is over.

May 5th is a probable reversal day

I picked May 2 couple days ago. It was on the charts for a long time but just paying attention to it lately. But what do I really know???

Originally Posted by AyoBro

If Helicopter Ben doesn't hint towards rate hikes, its 'to the moon Alice(EU), to the moon'.

I'm a lot more bullish on EUR/USD than most of the traders here but.........I just don't see the up move as impulsive yet. Maybe after a correction we will see that 1.60+ target you have on your charts. But that correction can (will) retrace most of the PA from 1.28's IMHO

Originally Posted by captester

I picked May 2 couple days ago. It was on the charts for a long time but just paying attention to it lately. But what do I really know???

Nice one

I thinking May 5th as its the next ECB meeting. Traders are pricing another hike but if that doesn't happen then we are due for a long waited correction.

EUR/USD London session review and outlook, April 27 - 2011




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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From an economics site, regarding how the fundamentals line up. So this present a big problem when the experts say the issue is one way but the market is moving another. So the issue becomes does the bearish lines outweigh the bullish lines. Don't know if I feel comfortable making that call but I would say we need to be alert!

This is a comparison of figures since the last FOMC meeting

Seems if traders are pricing in another hike they aren't listening to the latest ECB comments. People seem to be completely tone deaf these days.

Originally Posted by JimboFX

I'm a lot more bullish on EUR/USD than most of the traders here but.........I just don't see the up move as impulsive yet. Maybe after a correction we will see that 1.60+ target you have on your charts. But that correction can (will) retrace most of the PA from 1.28's IMHO

I just threw the alt. count out there in case we are declining from a w1 of 3 of 5, which I'm looking for the 4491 bottom to invalidate(plus i was messin with Stan). Plus my daily is not totally convince of a significant decline. My primary count is the WXY count, targeting 1.5ish. I'am witnessing DX/Uchf bottoming at present, so I'm aware that a wxyxz may have completed the bigger wY. I suspect(pray) for a drop to 1.38 for a XX(blue) then off to 1.5 for the Z(blue).

Originally Posted by AyoBro

I just threw the alt. count out there in case we are declining from a w1 of 3 of 5, which I'm looking for the 4491 bottom to invalidate. Plus my daily is not totally convince of a significant decline. My primary count is the WXY count, targeting 1.5ish. I'am witnessing DX/Uchf bottoming at present, so I'm aware that a wxyxz may have completed the bigger wY. I suspect(pray) for a drop to 1.38 for a XX(blue) then off to 1.5 for the Z(blue).

Conventional EW is a bit unclear at the moment. That's way I took a look at NeoWave count for a clue. As you can see Neely is anticipating a drop in wave E after completing this leg up.

Here is the count in case you missed it

Originally Posted by JimboFX

Conventional EW is a bit unclear at the moment. That's way I took a look at NeoWave count for a clue. As you can see Neely is anticipating a drop in wave E after completing this leg up.

Here is the count in case you missed it

I saw qsx brief return but forgot about the count, thx alot. Whoa!!! w-a of C is massive in comparison to w-c of C(that is w-c of C at 2568ish right?). Yup that's Neely and crew for sure.

Originally Posted by JimboFX

Conventional EW is a bit unclear at the moment. That's way I took a look at NeoWave count for a clue. As you can see Neely is anticipating a drop in wave E after completing this leg up.

Here is the count in case you missed it

My understand is that this count became invalidate @ 1.46901 breach as wave iv within a Contracting Diagonal cannot be greater than wave ii