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

Originally Posted by Alejandro Zambrano

Almost 100% of that gap was filed. Why do you crave for more ? I certainly think that we can get a bounce as we are reaching the 1.26 level which is a major low - but I can guarantee you that no professional is buying due to the gap

Oh, no, no, a hedgie or two just bought somewhere near 2700 with 150pips S/L.

As far as I am concerned, the structure of the drop is not healthy, it would bounce up hard.

Originally Posted by WilliamsMalcolm

EUR/USD: The market has finally cleared some key support by 1.3000 and the break opens the door for deeper setbacks over the coming days towards the 2012 lows from January at 1.2620. However, short-term technical studies will need to unwind from oversold readings before we are to see any extended declines below 1.3000, and we recommend looking to sell into rallies into the 1.3000-1.3100 where a fresh lower top is now sought. Look for a potential bounce by the 78.6% fib retrace off of the yearly low-high move which comes in by 1.2800. Ultimately, only back above 1.3300 would delay.

Hello WilliamsMalcolm,

Thank you for your view and for signing up on the forum. I agree on your outlook

Originally Posted by Franosh

Oh, no, no, a hedgie or two just bought somewhere near 2700 with 150pips S/L.

As far as I am concerned, the structure of the drop is not healthy, it would bounce up hard.

How do you know these facts Franosh - is it an available source to us in the lower echelons?

Originally Posted by Clivewaverider

You been ignoring my posts? Turns always feel weird to me - like I can feel everyone laughing at me all at once and then over time just being ignored for being a witchdoctor in the first place. But there you go, my choice. I'll still be covering my longs when momentum stalls.

sorry. when i read them i dont think all the detail filters through to the soggy bits in the middle. i blame my attention span again

Originally Posted by Clivewaverider

How do you know these facts Franosh - is it an available source to us in the lower echelons?

Some personal acquaintances.

Originally Posted by jbiggart

sorry. when i read them i dont think all the detail filters through to the soggy bits in the middle. i blame my attention span again

Only playing - there is so much going on here all of the time, it is very difficult to follow it all.

Originally Posted by rcopadilla

The lower BB20 on the weekly chart has already been tagged. It is still early in the week and the current bar will probably look different when the week ends.
Previous behavior shows that after the initial hit on the lower band, it seems that some kind of blue bar prints the following week.

Just been adding daily,weekly and monthly bolls to my daily chart - do you just keep with 'simple' setting on a 20/2 rather than exponenstial, smoothed etc?

Hello Richard,
I trade following your rules (Trend trading), and I am quite statisfied with it. I'd like to ask you One question though, what do you use to understand that The Trend (on daily but also on 4h tf) is changing direction? (I Mean more than 200 mva, highs and lows eccet...) I Mean which indicator/approach I could use to anticipate The understanding that The Trend in changing? Thanks a lot.

Originally Posted by Alejandro Zambrano

It looks like we will be heading higher to the 1.2770-1.28 level and then with the FOMC we will get the reversal.

What will the FED say? If the news is positive, couldn't we see risk on? OR will USD rally continue with gold and oil dropping more...?

Originally Posted by Clivewaverider

You been ignoring my posts? Turns always feel weird to me - like I can feel everyone laughing at me all at once and then over time just being ignored for being a witchdoctor in the first place. But there you go, my choice. I'll still be covering my longs when momentum stalls.

We would never ignore you, Clivewaverider! U Rock!

Originally Posted by Rasputin

What will the FED say? If the news is positive, couldn't we see risk on? OR will USD rally continue with gold and oil dropping more...?

Hello Rasputin, I'll give a stab at what could happen based on what happened last time. The market may look for a mention of some level of economic weakness when Quantitave Easing version 3.0 will be released so risk on trades would be favored if there was some mention.

If there is no mention of QE, then the market could throw a tantrum and dollar could rally.

But I would like to open up this great question to the rest of the Forum to see what you all have to say.

looks like someone just flicked a card out from the base of Greece's stack. back to wait n see mode

ECB Stops Monetary Operations to some Greek Banks as recapitalization not in place according to ECB sources. Huge dollar spike resulted!

Did you guys and gals see that one!

Originally Posted by jbiggart

looks like someone just flicked a card out from the base of Greece's stack. back to wait n see mode

The ECB just said it won't support the Greek banks - as the country's govt is looking like it will going to default anyway. this means that they have no support while a very public run is happening on them - a very bad situation and there are likely to be failures unless the political situation can be resolved very soon.

mins still have the ability to reverse the trend if they point to QE though

...reached level <19 when the cross went below 1.27 around 6:30 GMT: a good exit signal for the short or a long entry for the bounce, with a profit of 40 to 60 pips for the brave of the countertrend!
If the bounce goes on this week, I'm waiting for a lower low next week or at the beg of June, with a bullish divergence on the daily indicators.
Emi jr.