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

Admist all this endless bearishness and gloom, how about a massive sharp squeeze into the 3000 area by the end of next week?

Originally Posted by Franosh

Admist all this endless bearishness and gloom, how about a massive sharp squeeze into the 3000 area by the end of next week?

Conditions are not right for a squeeze. The downtrend has not yet reached strong support. There is no strong positive divergence building on the hourly charts. Maybe sometime in June, the conditions will be right.

Spyros have you removed your Euro's from the bank? What is the limit on deposit insurance in Greece?

Originally Posted by Luxuriant

Spyros have you removed your Euro's from the bank? What is the limit on deposit insurance in Greece?

No my friend...it is not yet the time. I think about 100.000 Euro but I am not sure...

Originally Posted by rcopadilla

Conditions are not right for a squeeze. The downtrend has not yet reached strong support. There is no strong positive divergence building on the hourly charts. Maybe sometime in June, the conditions will be right.

I don't think it will be a squeeze if it can be so orderly seen on hourly positive divergence. Only when it's not expected and unprepared by many and most then it's a squeeze. But I am not saying it will definitely happen, surely enough the only thing that is certain and definite is that price will fluctuate. Just toying with the idea. Thanks for your thoughts.

Though I like the idea of a specialized EUR/USD thread, the thread cannot grow without posters participation, or it will become one of those journals, but since I only look at EUR/USD, maybe I should consider this as a new beginning, hopefully.

The idea of trendlines is not entirely new, plenty of inputs from Strykers to justify its use. I find them useful at times, one of those lines price is going to bounce, ... or not

I've expected more upside than this, but then again, who am I to decide? It's Friday once again, usually moving in the direction of the trend...

Originally Posted by Dimake

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 ...

Yes! Seriously. Participation is optional. If you want to focus on a specific topic a thread can be created. No one is being told what to do. However, other posters in the original thread will have the freedom to continue as usual. This is a great opportunity to grow a focused community on Euro trading. It would be great if those that believed strongly in their cause to contribute too!

I think it is a great idea. We created a thread for "newbies" because the new traders did not feel that the original Euro thread met their needs. Howdyy created a Delta trading thread because he wanted a place to discuss Delta trading for use with the British pound (GBP/USD Delta Phenomenon trading thread). There is good participation over 50,000 page views for the newbie thread. Delta thread has gotten 3900 page views since April 2012.

Euro Higher Lows Could Lead to Test of R1 Pivot. Euro looks bullish against 1.2660 low.

Originally Posted by SharonSS

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.

Yes Sharon. I remember. We had make the forum safe for everyone to share. As Spock said, "The needs of the many outweigh the needs of a few"

I am so glad you came back!

Live Long and Prosper!

Originally Posted by AV1

I hope I didn't make a mess,
Though I never said don't discuss politics, fundies, indies, news etc about the EUR/USD, I suggested the NON EUR/USD stuff needs to go to the proper threads. But if everyone wants everything/anything here, that's fine, so be it.

Not at all AV1. Your expression is welcome. I just created a proper thread to address a specific need that was the least disruptive to the current community in this particular thread. I so value the interchange and friendships that have formed here over the years as well. Its more than a notion to start yanking people's posts and moving them elsewhere.

Originally Posted by Paul Chin

Though I like the idea of a specialized EUR/USD thread, the thread cannot grow without posters participation, or it will become one of those journals, but since I only look at EUR/USD, maybe I should consider this as a new beginning, hopefully.

The idea of trendlines is not entirely new, plenty of inputs from Strykers to justify its use. I find them useful at times, one of those lines price is going to bounce, ... or not

I've expected more upside than this, but then again, who am I to decide? It's Friday once again, usually moving in the direction of the trend...

This is a challenging market. Perhaps a sideways ranging situation for a bit, though I am looking to go long here....

Originally Posted by stryker

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...

USD is pretty much done the breakout to the north.. This calls in for a very bullish stance on USD..

the last update I did on USD 5 mins prior to the close helps in reducing risk against shorting the USD and it is proving correct..
Matter of fact worse night marre for the USD bear camps are coming true.. We don't have a temp top in place for now..
Expect 2590 and possibly 5520-30 on GU.. 9810 break on AU also confirming down move..

GL..

Expecting a move down to 2645-46 and a modest bounce to 2672-74 for next round of selling to commence if this 2672-74 holds out..


GL...

EDIT:: the resis expected is 2684 for the current 2 hrs candle.. 2672 was expected on to the next 2 hrs candles....

Good Morning,

30 Minute chart has a bullish engulfing and 1 Hour just printed a hammer. Trade carefully, the trend is strong although some correction is needed.

AV1

Attachment 128103

Attachment 128104

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!

good morning!

i will buy near or at 2642/43/44

GL!