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

I still like the EUR-USD higher. It appears the pair will gap much higher today. I would still expect highs around 1.4350 - 1.4380.

EUR-USD Elliott Wave

Still nothing! Geewizz, bad weekend to hold I guess. I'm counting on support (s1) on the 1hr chart for a retest. We need it to build stability, the rest of the time lines should follow afterwards. 36 pips negative and holding, Comon baby pips I got a hole in my left slipper.....

Happy Trading,
t3t4

its sunday the first of the week which way for the Euro

e/f short 11200 stop 11240
e/s long 14170 stop 14130

Originally Posted by forexfilms.com

I still like the EUR-USD higher. It appears the pair will gap much higher today. I would still expect highs around 1.4350 - 1.4380.

EUR-USD Elliott Wave

What is your horizon for the move down?

Banison the consolidation ends this week,,,I am expecting a move lower and then the real trend starts.

Originally Posted by banison

Looks like this consolidation will not end until the end of summer, but perhaps it is time to move the range and test the summer lows.
The PA has been successful in creating lower lows, but not in higher highs.

Originally Posted by Fx(MIA)

Banison the consolidation ends this week,,,I am expecting a move lower and then the real trend starts.

the real trend starts in what direction? I am inclined to short if it hits 1.432 again... serious problems in the Eu starting to surface again

As long as previous low of 4209 not breached, no reason to short.



Just my view. Good luck.

Originally Posted by Mary R

the real trend starts in what direction? I am inclined to short if it hits 1.432 again... serious problems in the Eu starting to surface again

Our views are so opposite from one another which is good, but we both focus on different aspects which is maybe not so good. I never mean to butt heads with you, but I do always enjoy your view point. Time will tell when the core begins to shift, and it "will" shift. But in which direction? The map as I see it; the USD will continue to fall and therefore the EURO will rise. However, it is all quite dependent upon the EURO keeping up it's end of the deal of which it has done well thus far.

The EU has problems with is subsidiaries, no different then JP Morgan/Chase Or Microsoft/FAST and the list goes on. But almost regardless of the children/subsidiaries the core of the company will remain intact. So what affects and therefore effects the core? The daily bites do little to make a state change unless the news is substantial enough to break through the average mind of the average trader.

So why has the EU remained so seemingly favorable "despite" the so-called gloom and doom?

Find that answer and maybe you to will see what I see.

Regardless though, Happy Trading,
t3t4

Originally Posted by Paul Chin

As long as previous low of 4209 not breached, no reason to short.

Just my view. Good luck.

I agree, but there's no reason to go long at this level (1.427) either since we're at the range resistance.
Short between 1.43-1.432 sounds reasonable with a tight stop. But somehow I can see a move higher.

Edit: Well, I couldn't resist.... lol +13 pips to start the week

Originally Posted by JohnClark

e/f short 11200 stop 11240
e/s long 14170 stop 14130

e/f stopped -40
flipped e/f long 11240 stop 11190

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Originally Posted by JohnClark

e/f stopped -40
flipped e/f long 11240 stop 11190

closed e/f long for now @11300 +58. Will add on pullback.

Originally Posted by JohnClark

closed e/f long for now @11300 +58. Will add on pullback.

e/f long 11250 stop 11190

Originally Posted by t3t4

Our views are so opposite from one another which is good, but we both focus on different aspects which is maybe not so good. I never mean to butt heads with you, but I do always enjoy your view point. Time will tell when the core begins to shift, and it "will" shift. But in which direction? The map as I see it; the USD will continue to fall and therefore the EURO will rise. However, it is all quite dependent upon the EURO keeping up it's end of the deal of which it has done well thus far.

The EU has problems with is subsidiaries, no different then JP Morgan/Chase Or Microsoft/FAST and the list goes on. But almost regardless of the children/subsidiaries the core of the company will remain intact. So what affects and therefore effects the core? The daily bites do little to make a state change unless the news is substantial enough to break through the average mind of the average trader.

So why has the EU remained so seemingly favorable "despite" the so-called gloom and doom?

Find that answer and maybe you to will see what I see.

Regardless though, Happy Trading,
t3t4

The problems in the EU and the US are not the same. The US dollar is in a state of long slow decline and the euro is in a state of near emergency collapse. Eventually the EU politicians will get it right and form a federal government and federalize their banking system but they are not there yet.The euro has been favorable primarily because the ECB has been raising rates over the last year while the US Fed has been lowering rates. This will soon change. Read this article by Mr. Soros, if there is one thing he understands it is currency.

Germany must defend the euro | The Great Debate