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

Originally Posted by biggari

thank you - did you mean 'do not make your decision on correlation alone'

grnhorns take: too soon for decision, not enough pips to gain for risk at this time.

Originally Posted by abetworth

Could potentially be plenty of orders clustered under the 1.2500 level for the breakout traders. Previous support which subsequently became resistance at 1.2620 held price nicely. Major event risk for over the remainder of the week could see volatility if these levels are taken out.

waiting for some news to push us out of this 100 pip range (1.2620-1.2500)...will keep an eye on dollar and spx today...I have classes for US opening will check back after US lunch break. Hope I don't miss anything.

Originally Posted by NoGrn4grnhorn

grnhorns take: too soon for decision, not enough pips to gain for risk at this time.

im buying at range low and selling at range high that way, which ever way it breaks, im in the trade from the start and the other trade gets stopped for acceptable minimum loss

Originally Posted by MOZI32

i m long 1.2535 stop 1.2510 target first 1.2620 / 1.2750 / ultimate 1.2870/1.2900 then full power down .

I'm looking for move above 1.26250 or below 1.25 before I make decision...rethink this after US lunch break....thanks for everyones help

Originally Posted by NoGrn4grnhorn

I'm looking for move above 1.26250 or below 1.25 before I make decision...rethink this after US lunch break....thanks for everyones help

I like to think out loud...maybe after lunch I enter this range at high or low of range for small scalp

here you go guys ! give me on example of a strong bearish trend consolidate then reversal happens the answer is rare maybe less than 20%, because always when you got a consolidation after a strong move it means correction based on supply and demand (breathing market) but not necessarily a reversal which give us a selling chances near the upper consolidation line and more over a fake out of the upper consolidation line.... for me am a bearish fan for all high yield currencies until we gonna have a strong move or bounce up could consider as a reversal but on consolidation it is a BREATH BEFORE COLLAPSE

Originally Posted by Clivewaverider

I got the weekly pivot P at 1.2611 and monthly S3 at 1.2640 - could be a good stop off point initially.

i saw it , once we hit the 1.2620 i will move stop to breakeven and take my chance to next levels i suspect we will not close below 1.2620 this month .

Good luck

Originally Posted by NoGrn4grnhorn

waiting for some news to push us out of this 100 pip range (1.2620-1.2500)...will keep an eye on dollar and spx today...I have classes for US opening will check back after US lunch break. Hope I don't miss anything.

i was talking about the consolidation approach, look left what you got a strong bearish move, right!! now think12345678910 do i have to buy this market ummmm wait this consolidation may be a continuation pattern, ouuuh i got it $$$ :P i have to sell high but not to buy lows because the probability of breaking lower is higher than the probability of breaking higher

Too many days EUR/USD in 1.26-1.25 area and EUR/JPY in 100.2-99.3 area. They could be closing shorts in a big amount whenever news are selling how bad the situation is.

If 1.25 and 99.3 are broken, I think we would have panic selling in forex and markets... but perhaps there´s no more bad news to disccount in market and "the big players" could be thinking to take a long walk till Greece situation will resume.

Let´s see what the markets are going to shows us.

WHAT DO YOU THINK GUYS !!!! AM TOTALLY BEARISH BUT I CLOSED MY SHORT FOR 15 PLUS PIP AM NOT GREEDY

Originally Posted by Miguel

Too many days EUR/USD in 1.26-1.25 area and EUR/JPY in 100.2-99.3 area. They could be closing shorts in a big amount whenever news are selling how bad the situation is.

If 1.25 and 99.3 are broken, I think we would have panic selling in forex and markets... but perhaps there´s no more bad news to disccount in market and "the big players" could be thinking to take a long walk till Greece situation will resume.

Let´s see what the markets are going to shows us.

Couldn't agree more.. No break under 2510 and no follow thru under 2493... I could than see a retest of 2540-42 and a move higher opens the door for a retest of the highs.. If it comes to the point where mkt shoots higher, i won't be selling into 2590ish anymore.. It was suppose to be sell for me in the EU session not now..

EDIT::: INshort I'm not a seller of euro on a move and esp a close above 2541 on 30 mins on euro..


GL..

A very quick analysis because time is limited due to important personal works ... The targets of the day is 1.2484 DS1, 1.2447 DS2. I still believe that it will not occur a reversal if the price does not reach close to 1.2436 ...

30m

Originally Posted by jamilgaruty

WHAT DO YOU THINK GUYS !!!! AM TOTALLY BEARISH BUT I CLOSED MY SHORT FOR 15 PLUS PIP AM NOT GREEDY

i would need a break below 2514 before considering a short position. I usually trade 15 min charts myself and not a big fan for anything less than that but if that works for you more power to you

10196 is the lvl on 4 hrs to break the range to the top side.. On the lower side it needs to hold 10174-75..... hence clues are all over......... I prefer USD as a median to project the ranges and offcourse main lvl on FX pairs to go along with them...

GL..

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