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

Last post for the day. Looks like an expanded flat into the trigger zone for me, as per earlier explanation (6,7 & 8 on chart) - target is 1.3108, just above last pivot down. I thought I had closed shop for the month, but I'll take this on top if it comes my way.

quick update my 1st tp met my stops are now at BE

i will be looking for yesterday high break most probably and will trail my stops up from B.E manually

good luck

and if yesterday high break then i will update accodingly

thank you!

here is another angle and the tricky one!!


as weekly TF is in play lower tf signal should be taken less importance but the up trend(red up lline) closing price line was last night was broken and alot of trader might shorting in the black circle mentioned in the chart and this is the tricky part be cautious while taking any decision because larger time frame is in play and when larger TF is in play alot of choppy price movement can be expected on both sides specially on smaller time frames

good luck use leverage wisely as its your best friend and worst enemy!

this is 240 min chart for better understanding what actually happening on ground,

the red up trend lines are from the first swing lows when prices found 1st horizontal support, and the green up line is normal up line connecting two lows, as you can see clearly on my charts today prices came down from the the trend line the green on broke it then turned around just kissing the red one, the "BLACK CIRCLE" as you can see on the chart the prices closed above both the trend lines which is showing something "bullish" to me medium term
every body has his/her own methods of trading and viewing charts

thanks and good luck!

I missed this earlier - really, no more from me now.

All time high/low fibo chart - decision time!

CCI call short

from its consolidation base just above the Pivot. S2 (1.3160) was tagged earlier. R2 (1.3289) is likely. How often is S2 and R2 tagged during the same day?

Originally Posted by rcopadilla

from its consolidation base just above the Pivot. S2 (1.3160) was tagged earlier. R2 (1.3289) is likely. How often is S2 and R2 tagged during the same day?

Breakout started while posting.

This is a replay of 2011 all over again. Very little can be said to take the shine off the Euro. Spain downgraded and the Euro trades flat. US GDP positive but lower than expected and Euro bid up slightly, time will tell on that front. I'm going short right now. This thing is about to break to the downside big time. Maybe not in the next few hours, who knows on that time frame but we're headed down.

Spanish govt given a very dismal outlook in its eco report. Proj 24.2% unemployment to peak in 2013. Sees GDP growth of less than 2.0% for next three years and 2013 less than 0.5%.

Uh, this is a problem yet the mkt seems to be ignoring all this. Come on traders, get your head out of the sand.

whats your SL?

Originally Posted by rcopadilla

Breakout started while posting.

R1 (1.3253) is where there is a lot of upper Boll bands. While they offer an obvious target to shoot for, they also represent a lot of resistance to overcome.

Originally Posted by rcopadilla

from its consolidation base just above the Pivot. S2 (1.3160) was tagged earlier. R2 (1.3289) is likely. How often is S2 and R2 tagged during the same day?

when weekly time frame is in play expect any thing in lower time frames, specially wrong signal on both sides of lower time frame, to me if daily candle closes above 1.3251-52ish then my 1.3125-26 number will be invalidated, upside 1.3272-74 is important, then we are most probably heading towards 1.3474

good luck all!! check my daily charts for more clear viewing !
bulls and bears are fighting around the line both trying to keep the line!

thank you!

Originally Posted by rcopadilla

R1 (1.3253) is where there is a lot of upper Boll bands. While they offer an obvious target to shoot for, they also represent a lot of resistance to overcome.

Resistance??? What resistance? Okay, expect a retest of former resistance to become support.

O.K. I'm short at 1.3250 and will short again at 1.33 if we reach it. Place 1/2 SL at 1.3350 with remaining 1/2 SL at 1.34. Initial target is 1.2950, then 1.2850.