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

Originally Posted by stryker

3215 should hold the drop else we head to 3177-83.
Chances 3215 holds out and provoke a bounce back up to 3290 is a preferred scenario now..

GL...

1,3215 / 1,3175 is a good entry with excellent possibilities

I had posted 2 buy areas this week, 3300/90 and 3230. we are around 3230 now, first signs of a base here and i'm triggering longs. line in the sand time.

Originally Posted by didoda

Is the end of wave 4 of down who begins from the top of 2011, wave 5 will begin in few days

Not day.... hours ....wave 5 , short opened today could be a good move

I am confused...

BUTTERFLY Possible trend reversal (30min chart)
Attachment 121497

DOUBLE TOP Possible target 1,3133
Attachment 121500

After that hard hit, sounds like it's a good time to buy ?

What does everyone else think ?

Thanks

Hmm it's tough to say i think we might retrace a bit but overall i think we broke down past the necessary level to continue the move down. I kind of upset i didn't get up early enough i would've made a lot more today.

Originally Posted by Spyros

I love this FOMC...

What is it?

Curso Forex

Originally Posted by DominandoForex

What is it?

Curso Forex

Economic Calendar | DailyFX Forex Events Calendar | DailyFX

Attachment 121509

Originally Posted by Ikee

Most appear to think so. However my indicators & Fib' Says otherwise. That spike down on the RBA announcement could be a hint of things to come. A break North & the target for me is 1.3480. South Is 1.3170 & 1.3020. Standing aside for the breakout. Whichever way it goes...

So far so good....

Been waiting for this "big red bar" for a very long time... since last week, and I finally caught it for 95 pips!







There's good reason to believe that it will hold around 1.319... but the pent-up emotions.... well, when the bear shows up on stage, you shouldn't expect him to come down fast, as some comics suggest!

Originally Posted by ridethetrend

After that hard hit, sounds like it's a good time to buy ?

What does everyone else think ?

Thanks

Trade imbalance remains. There are lots of companies who accumulate mountains of euros every day that they need to sell off. Recently 1.3375 was where they would all start dumping their euros: buying spikes would crash into that ceiling with a fury of blinking red and blue lights, and the resistance never broke. Those sellers are still out there, and they have to make up their minds what the price is where they will dump, since they can't expect to see 1.3375 again. Still early to tell, but 1.3233 might be the ceiling now.
ASIAN SESSION UPDATE: support at 1.3200 is weak, may break through and on down

Originally Posted by DominandoForex

What is it?

Curso Forex

Are you asking what does FOMC stand for? It is the "Federal Open Market Committee", a meeting at the US central bank to decide what moves, if any, they will make. Today was the release of the notes taken at a meeting a while ago: it sounds silly that people put so much importance into reading between the lines of what these people said when it isn't even current information, but everybody was looking for an excuse to jump one way or the other.

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