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

Trading NFP is confusing on EUR/USD as usual - problem are related to the weak trend in the bigger time frames. Some traders are buying EUR/USD right now but I have a hard time understanding this especially as the S&P500 is lower.

Yen pairs are as usual very reliable if someone want to play the NFP numbers - Selling on the correction to the 4hr highs as we talked about in today's bulls vs. Bears looks promising right now.


http://forexforums.dailyfx.com/yen-p...ml#post1135629

Originally Posted by SkiBunny

88 is a lucky number
Whatever it is, probably will be revised lower later again maybe to 88, lol

Hey SkiBunny! 88 is a lucky number if you are one of the 88 who got a job!

Hello Traders! Whippy NFP Could Still Push Euro Higher after NY equity open.

Inverted Euro Head and Shoulders Looks Bullish target 1.3200

Just done 9 months of expenses: oh what joy.

Been remarkably relaxing sitting on the sidelines on my day off. But the MyWaves are building nicely here, going nowhere. I am posting chart in case it helps anyone from here-on-in.

Basically, we are in a MyWave 5 already, for no gain since wave 1. It could be a triangle here with a pop out of the top or something else. Either way, it sort of looks like it is going to run out of time today to reach any top or start falling again - perhaps market treading time/water for French election?

In a perfect world, price would get up to near my range channel top (1. 3210- 1.3230) having used up 9 or move waves, create a nice ending pattern having convinced everyone it was going up again. From here I would short with some confidence if the thicker pink line stays pink (this is the 2 day hull saying sell if price touches me or gets near - it would be gold for buy).

However, it is the French election and UK Bank Holiday, so I will do nothing until Tuesday and see how matters have panned out..

Volatile trading is still observed with price whipsaw around the 1.3120-1.3180. Aside from US non-farm payroll data today, market may be volatile ahead of Greece and France election on Sunday. In France, if Hollande wins again Sarkozy, market may be viewing this as a bearish sentiment for Euro. Reason behind is that Hollande has been noting intention of renegotiating a European treaty, thus may affect cooperation with Germany in facing its financial crisis

Originally Posted by Gregory McLeod

Hello Traders! Whippy NFP Could Still Push Euro Higher after NY equity open.

Inverted Euro Head and Shoulders Looks Bullish target 1.3200

in my view, we broke passed the 200 MA on 4 hour which will give us more downward pressure till around 1,3050 first supp will kick in.... still below 200MA on 30 min and any pull backs can be great shorts

34ma are starting to point down which could pick up the downward momentum

Originally Posted by jogold18

in my view, we broke passed the 200 MA on 4 hour which will give us more downward pressure till around 1,3050 first supp will kick in.... still below 200MA on 30 min and any pull backs can be great shorts

34ma are starting to point down which could pick up the downward momentum

seem like it cannot hold above 3170 at all. now heading to 3117...

Its still early and its Friday - I am hopping for a break of 1.31. -- GBP/USD just traded under its lows - which is good if you believe that we will drop under 1.31

MyWave work on the FTSE - 13.......is the magic number?

this question of mine is out of context but i want to know if any one know any thing about aud/usd please share the technical with me i just want to know what is going on in that particular pair technically
regards

thank you!

Originally Posted by Clivewaverider

MyWave work on the FTSE - 13.......is the magic number?

Great - thank you for sharing - I will copy it too the Stock market thread

Originally Posted by turmaz

this question of mine is out of context but i want to know if any one know any thing about aud/usd please share the technical with me i just want to know what is going on in that particular pair technically
regards

thank you!

Have checked out the AUD/USD thread ? http://forexforums.dailyfx.com/commo...ml#post1135993

Originally Posted by Alejandro Zambrano

Great - thank you for sharing - I will copy it too the Stock market thread

Might want to mention the context 'reductive approach to EW & Delta based on EURUSD but attempting to look at through other asset lenses now' or something similar!

i see angle support at 3077-80
and horizontal support at 3065

Originally Posted by Clivewaverider

Might want to mention the context 'reductive approach to EW & Delta based on EURUSD but attempting to look at through other asset lenses now' or something similar!

Yes - Sorry got a bit carried away