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

Originally Posted by turmaz

i expect for today the prices may be depressed or we may close towards the low of the day reason because when tomorrow frankfurt open and they see prices above they will be angry so my bias short term is bearish and tomorrow is friday the crazy day of the week and i think option expiry day too we might get my number 1.2633/42 or at least 2666 who knows, i feel that the reversal is very near for sure

trade safe!

Originally Posted by rcopadilla

Next week's action is expected to be sideways to up. Not a reversa, more like an extended DeadCatBounce. Probably good for quick scalping.

Price needs to clear 1.2775 to move to 1.2900. I see consolidation before trend resumption.

Originally Posted by Robert Eckert

...Syriza (Radical party) is in the upper 20's after outrage at the perceived German attempt to manipulate the election; if they get 1/3 of the vote that counts, that's 100 seats for vote share + 50 for first place and they don't need any coalition partners-- if blank ballots + votes for parties failing to make 3% cutoff exceed 10% (was 18% last time around, expected to be rather less this time as the voters are more serious), that would only take ~30% and Syriza is within striking distance of that already.

Bad math on my part there: 250 of the seats are proportional (+50 for 1st) so 40% of non-discarded votes are needed to govern alone; that is 32%/36% of the total vote if 20%/10% are discarded, and mid-thirties is a bit of a reach for any party right now. Another poll shows New Dems retaking the lead, 26% to 23% for Syriza; lots of undecideds, and the decideds aren't very. Political foo-farah in Ireland over Fiscal Treaty referendum May 31, as Deputy PM Gilmore accuses opponents of "fairy-tale economics" and says Ireland would turn into Greece (Guinness and Jameson will start making retsina and ouzo?) while Jobs Minister Bruton proposes voting again if the answer is No (and again and again, until they get it right?); polls show Yes ahead of No but behind Undecided. In France the new Finance Minister Muscovici offers a conference to rewrite that treaty anyway. Spain is not nationalizing its downgraded banks immediately but will appoint a panel to study their balance sheets.

seriously? .... I don'y blame rasputin but I think we all agree that thread it's a good one and balanced (politics and technique) and we don't need another one ...

Rcopadilla what do you see here?

5m chart

Originally Posted by Gregory McLeod

The Purely EUR/USD Trading Thread

Hello Traders!

You wanted it! You asked for it! You have it. Welcome to the EUR/USD Only Euro! The name says it all. Please share your EUR/USD strategies, charts, and technical trading ideas in this thread. If you want to debate or discuss politics, correlated markets, and fundamentals, please feel free to continue to post in the EUR/USD General Thread. If you would be so kind to share your posts with the general thread! (that's the thread we are in now! sorry I did not make that clear.

Thanks for sharing and Happy Trading!

Regards,

Greg McLeod
DailyFX Forum Moderator/Trader

http://forexforums.dailyfx.com/eur-u...ml#post1150224

Thank you, Gregory!

I joined in 2010, but finally ignored this Forum/Thread and stopped visiting due to dissension. Came back a few weeks ago and was quite enthusiastic with the flow of this Thread, but lo and behold, came the complainers.

Hopefully they go to your new Thread you set up for them and we can go back to business as usual.

Originally Posted by AV1

Price needs to clear 1.2775 to move to 1.2900. I see consolidation before trend resumption.

The weekly print of lower highs and lower lows is expected to continue even during next week. This week's high is 1.29106. That is likely to stand. The low is currently at 1.26658. A lower low could print tomorrow. A bullish estimate of next week's high would be about the middle of this week's bar which would be just below 1.28.

Originally Posted by stryker

I have pretty much explain everything within the charts..
USD is emphasized since USD is the one to look for at the present..
8 hrs USD chart did its role forming a top... 30 mins USD is simply showing the staircase or an elevator if the USD would prefer as next steps to overcome..
hence if the 30 mins triangle resis ( earlier supp) can with hold we should see the gradual move lower...
2835 on EURO expected if USD continue to hold under 10105 and the prime lvl as of now on euro for 2moro should be coming to around 2915-22....

GL....

Well not happening ... USD closing above 10105 and EURO seems to be closing under the pennant is making bearish outlook for the euro.. USD once again possibly to 10150 after all seems to be the case..
Euro tried to break higher to the pennant formation top but failed and 5 mins to close and it seems to the downside after all..
All bets are off...
GL...

Originally Posted by Spyros

Rcopadilla what do you see here?

5m chart

The price action is trending below the BB20 midline. There is still room to go before the 30min lowerBB is tagged with the expectation of even lower action. So even if the 5min BB20 midline is breacehed, the upper band is there to contain any bounces.

Originally Posted by rcopadilla

The price action is trending below the BB20 midline. There is still room to go before the 30min lowerBB is tagged with the expectation of even lower action. So even if the 5min BB20 midline is breacehed, the upper band is there to contain any bounces.

You are GREAT !!!

Originally Posted by rcopadilla

The weekly print of lower highs and lower lows is expected to continue even during next week. This week's high is 1.29106. That is likely to stand. The low is currently at 1.26658. A lower low could print tomorrow. A bullish estimate of next week's high would be about the middle of this week's bar which would be just below 1.28.

Rco this is usually happens???

A possible scenario could be to go down and finish tagging the lower 30min BB20, attempt to go up to the Pivot, then down to get to S1 and the lower BB300.
This is just a guess so trade accordingly.

Originally Posted by Spyros

Rco this is usually happens???

I posted a weekly chart which showed a tendency to print a blue bar after the initial tagging of the lower BB20.
The high of the bars were typical 1/3 to 1/2 the height of the previous bar.
These are just my observations. Anything can happen. But we can use the past to predict the future. And we also know how to adjust if the prediction is not quite right.

The price should drop to the confluence of lower bands around 1.2680. If a bigger than normal red bar prints that would emphasize that the reversal is near. Bigger bars tend to get faded.

Then an attempt to get to the Pivot should happen next.

oohhh...what a move!!!

Originally Posted by rcopadilla

The price should drop to the confluence of lower bands around 1.2680. If a bigger than normal red bar prints that would emphasize that the reversal is near. Bigger bars tend to get faded.

Then an attempt to get to the Pivot should happen next.

I guess that spiker would qualify as a bigger than normal red bar!!!