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

The minimum target before any upside reversal is the 30min Boll20 midline around 1.3163. That means a little more downside is to be expected.

Will probably do more shorting around the 5min Boll20 midline around 1.3190.

Daily SSI Report for 4/20/2012 - Good Morning Traders! Happy Friday to you. I hope you are awash in Pips!

Looks like Euro bears have gotten themselves trapped. But they are still shorting the Euro. SSI points to more gains for the Euro. The G20 may surprise with some sort of solution to the sovereign debt crisis.

Look at the over 6:1 Ratio of Short versus longs on the GBP/USD!!

Happy Trading!

Greg

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.67 as nearly 63% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 6.8% lower than yesterday and 16.1% weaker since last week. Short positions are 11.8% higher than yesterday and 40.9% stronger since last week. Open interest is 4.0% stronger than yesterday and 4.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

At 5min upper band. Lower high w neg d. on tick chart. More shorts

sorry guys it's wrong chart ,i sure we call this stress

Originally Posted by rcopadilla

At 5min upper band. Lower high w neg d. on tick chart. More shorts

well, i somewhat added to my short by shorting eur/jpy @107.82

As long as the USDOLLAR trends lower we'll see support here. The SEK is my favorite USDOLLAR leading (or so it seems) most of the time indicator for Ebb and Flow. As long as the USDOLLAR trends down we'll see support in the EUR. I think it's time for some brisket chop to go along with this Euro pattern for lunch.

Good Weekend All.

-Rod

That is also the current level of the 15min lower Boll20.
The price will probably be closer to 1.3160 by the time those lines are tagged. Plan to stop countertrend scalping at that point.

HOLY GBP. These guys are nuts, we are clearing the 200 week moving average this week for the first time since 8/2008 ! black swan gbp situation at fxcm coming soon?

Originally Posted by Gregory McLeod

Daily SSI Report for 4/20/2012 - Good Morning Traders! Happy Friday to you. I hope you are awash in Pips!

Looks like Euro bears have gotten themselves trapped. But they are still shorting the Euro. SSI points to more gains for the Euro. The G20 may surprise with some sort of solution to the sovereign debt crisis.

Look at the over 6:1 Ratio of Short versus longs on the GBP/USD!!

Happy Trading!

Greg

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.67 as nearly 63% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 6.8% lower than yesterday and 16.1% weaker since last week. Short positions are 11.8% higher than yesterday and 40.9% stronger since last week. Open interest is 4.0% stronger than yesterday and 4.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

Thanks for the SSI update Greg.

That's the risk when countertrend trading. Will reshort the spiker since R2 was tagged.

here is what im talking about with the GBP. target 1 1.6700 ish on weekly .

Risk to that move is below the 100 WMA and trendline.

Rcopadilla I admire you. I wonder where you find so much unstoppable energy. You remind me this advertisement... I think your motto must be something like this "last longer, much longer" or "when other stops you keep going"... lol

Duracell Race Plus Battery TV Commercial - UK - YouTube

Originally Posted by analyzer

well, i somewhat added to my short by shorting eur/jpy @107.82

well my eur/usd stopped out
waiting to see if eur/jpy gets stopped out as well 108. 07

I think your response should have been "Holy GBP Batman, look at those shorts!" Batman swivels head looking for confirmation. ROFL, I just could not help myself, all in jest!

Originally Posted by psperos

HOLY GBP. These guys are nuts, we are clearing the 200 week moving average this week for the first time since 8/2008 ! black swan gbp situation at fxcm coming soon?

hello again

atr resistance at 3233 channel resistance at 3244 if you look down on my chart you will notice we just broke the macd resistance line which is showing the power of bulls and trapping the bears to be squeezed quickly

thank you trade well and use leverage wisely as its our best friend and worst enemy!