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

Its a bit annoying that this weeks S2 level is at 1.25.

Originally Posted by Bart3s

Maybe closed again at the right spot, causse it's lifting again. back to the 1.260 ? i could be wrong.
I'm still bearish and will go short monday on a high 1.260 or 1.265.

have a nice weekend

Its seems to have been a good idea with the US news that just printed. I was looking for a drop to 1.2450 but If we drop to back just to the 1.25 level then I will be happy.

I believe the EUR/USD will close around the daily pivot level. It needs a slight pull back next week (1.26-1.265) so the bear market can really get moving!

Alejandro with the US on holiday Monday, and no US banks involved in the FX market, so volume reduced. Do you see a static, or erratic market on Monday? Not trying to put you on the spot. Just wondering with your experience what one might expect. Thank you.

Originally Posted by analyzer

wow that's pompous even by your standards Paul. the only thing normal about the market is it's unpredictability, if you know how it should/will act then why are you here with us mere mortals trying to figure this out and along the way help each other. your posts seem to insinuate that you have some omniscient knowledge about the market, well good luck with that.

I'm answering Franosh's question, no intention to pretend as someone else, no intention to hurt other forum members' dignities. No intention to post what I've posted at all, probably I should just PM as reply next time. I don't know why I'm here, trader's interactions? Who's helping who again?

Peace.

Originally Posted by buggypilot

Cloud (ICH) equilibrium is hovering around 2555 - 2585 depending on chart time frame so I think that should be the top somewhere in that range. Just closed my long as the ICH shelf is right there.

Thanks Greg for another great week of outstanding support!

Good weekend all.

-Rod

Happy Memorial Day BP!

You are very welcome as always!

Originally Posted by Paul Chin

I'm answering Franosh's question, no intention to pretend as someone else, no intention to hurt other forum members' dignities. No intention to post what I've posted at all, probably I should just PM as reply next time. I don't know why I'm here, trader's interactions? Who's helping who again?

Peace.

Hello Traders. It is important to keep our personal judgments of others to ourselves as there is no place in this forum community for this.

We have an ignore feature that allows you to express your personal judgment. I would be saddened to lose either the great insights of Paul or analyzer. It would be a great loss to our community.

So guys, like mom used to say, "play nice". I deeply respect you both.

Originally Posted by Luxuriant

Alejandro with the US on holiday Monday, and no US banks involved in the FX market, so volume reduced. Do you see a static, or erratic market on Monday? Not trying to put you on the spot. Just wondering with your experience what one might expect. Thank you.

Its apparently bank holiday in Europe too on Monday - So according to one of the old-timers it should be quiet - but as we are in "crises mode" any news can cause a sell off so I don't agree.

Originally Posted by analyzer

wow that's pompous even by your standards Paul. the only thing normal about the market is it's unpredictability, if you know how it should/will act then why are you here with us mere mortals trying to figure this out and along the way help each other. your posts seem to insinuate that you have some omniscient knowledge about the market, well good luck with that.

Originally Posted by Paul Chin

I'm answering Franosh's question, no intention to pretend as someone else, no intention to hurt other forum members' dignities. No intention to post what I've posted at all, probably I should just PM as reply next time. I don't know why I'm here, trader's interactions? Who's helping who again?

Peace.

MAKE LOVE NOT WAR

Originally Posted by Morris

I believe the EUR/USD will close around the daily pivot level. It needs a slight pull back next week (1.26-1.265) so the bear market can really get moving!

Lets not hope for that GBP/USD is trading under its morning low now so this will hopefully drag the Euro lower.

Originally Posted by Alejandro Zambrano

Its apparently bank holiday in Europe too on Monday - So according to one of the old-timers it should be quiet - but as we are in "crises mode" any news can cause a sell off so I don't agree.

not in the UK though, thats on 4-5 june

Originally Posted by Alejandro Zambrano

Lets not hope for that GBP/USD is trading under its morning low now so this will hopefully drag the Euro lower.

I don't feel like the bears have enough momentum to get under the 1.25 barrier this week. The attempt earlier seemed very poor.

Originally Posted by Gregory McLeod

Hello Traders. It is important to keep our personal judgments of others to ourselves as there is no place in this forum community for this.

We have an ignore feature that allows you to express your personal judgment. I would be saddened to lose either the great insights of Paul or analyzer. It would be a great loss to our community.

So guys, like mom used to say, "play nice". I deeply respect you both.

Love you too, Greg! Best Moderator ever lived in US, some say in the world!

Originally Posted by Clivewaverider

Feels like end of the 2nd wave (c after an abc) in the 5th - this descending triangle has come a long way not to spike out of the bottom of it.

1.2618 was yesterday's high and in Alejandro speak, market maybe just trying to get close to it to dump again in the 3rd of the 5th.

Just sayin in case anyone is too long and it is my turn to be right.

I managed to take a couple of runs out of this today: Alejandro, you will be pleased with me - I stayed with trend, played the pivots etc etc. All things considered, I reckon this run is almost done now and I am either waiting for a deeper intraday retracement to play short again or keeping my eyes open for the intra-week trend to have turned up. Staying short worked today, but me thinks time to feel the wind blow in a different direction now. We shall see.

As long as we all stay friendly, I'll be back next week for this wonderful sport of trading EURUSD. Nothing held over weekend.

Pullback from the <1.25 spike at 9AM was very minor, not even halfway back to the 1.261x level one might expect (and several here have expected). I re-shorted in the 1.2530's to see if it is going to try to close the week under 1.25 and gap down even worse over the 3-day weekend? Don't want to step into the mutual irritation (have found both analyzer and Paul helpful) but this market behavior does seem odd to me; after so many months of shrugging off bad news, now EUR/USD is crashing hard in response to very little that we haven't heard already before.

Vote counting in Egypt not complete, but preliminary results are surprising. Amr Moussa (most respected candidate internationally) did not finish 1st, but 5th; while Foutou (breakaway Muslim Brotherhood; thinks 9/11 was a Mossad conspiracy) did not finish 2nd, but 4th. Instead top spot went to Mohamed Mursi (late entrant from the Brotherhood, who at first were saying they would not run a candidate) and there is a tight race for 2nd/3rd between Ahmed Shafiq (Mubarak's last prime minister, openly contemptuous of the Tahrir Square revolution) and Hamdeen Sabahi (Nasserite anti-Western socialist). Bright spots: the Salafists (hard-line shariah-law Islamist) split their vote and it turns out they would have run a very distant 6th even if they had had a single candidate; nobody, on any side, is making accusations that the voting was rigged; a single clash between Mursi and Shafiq supporters caused five minor injuries, but otherwise remarkably little sign of any violence (if Shafiq indeed makes the second round, it might be an uglier campaign next time); Mursi wants a "review" of relations with Israel but distances himself from those wanting to scrap the treaty.