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

Good morning/afternoon/evening or night depending on where you are in the world!

I London its still early morning and the markets are kicking off - what are your expectations of today's trading?

Originally Posted by Alejandro Zambrano

Good morning/afternoon/evening or night depending on where you are in the world!

I London its still early morning and the markets are kicking off - what are your expectations of today's trading?

Good morning Alejandro, I hope it's a bullish day because I went Long Euro/Usd at 1.2604 early this morning. My first live trade with FXCM and with my E.A. (it's taken two years to develop).

Originally Posted by Alejandro Zambrano

Good morning/afternoon/evening or night depending on where you are in the world!

I London its still early morning and the markets are kicking off - what are your expectations of today's trading?

i am expecting that by the end of today i will wish i'd taken the day off

i think its going to drop - but not convinced

Originally Posted by Alejandro Zambrano

Good morning/afternoon/evening or night depending on where you are in the world!

I London its still early morning and the markets are kicking off - what are your expectations of today's trading?

Alejandro do you know Lady Gaga sung a song about you?
http://www.youtube.com/watch?v=niqrrmev4mA

Don't call my name, don't call ma nahme, ALEJANDDROOOOO!

I listen to it now every time my short is out of the money.
Midas

p.s spanish debt auction in c. 1-2 hours. Cummon Euro drop 100bips (drool).

p.s 2 Greek leaders - some optimism as Samaras and the walking vending machine will have formed a government in the next few hours... (tears)

p.s 3 Interesting - crisis now starting to affect EPS at defensives such as Danone (profit warned today citing Spanish sales weakness)

Originally Posted by Alejandro Zambrano

Good morning/afternoon/evening or night depending on where you are in the world!

I London its still early morning and the markets are kicking off - what are your expectations of today's trading?

Good morning Alejandro! I am long from 12579 and targeting yesterday's high and so on.....

Originally Posted by biggari

i am expecting that by the end of today i will wish i'd taken the day off

i think its going to drop - but not convinced

I think a break above 1.2620 will give us a lift up otherwise your probably right.

Originally Posted by Foxy1

Good morning Alejandro, I hope it's a bullish day because I went Long Euro/Usd at 1.2604 early this morning. My first live trade with FXCM and with my E.A. (it's taken two years to develop).

Good luck to you. I am shorting

just taken long scalp at 590 - v. tight stop - tp 20pts

Originally Posted by biggari

just taken long scalp at 590 - v. tight stop - tp 20pts

that was short n sweet - out

Originally Posted by Bal

Good morning Alejandro! I am long from 12579 and targeting yesterday's high and so on.....

S/L hit at 125810

EUR/USD June 19 - 2012


Today's trading appears to turn very similar as last Tuesday where we spent most of the day trading sideways.

The reason for this is that price dropped a bit too much yesterday and not everyone are today convinced that we will trade higher. Yet as last week the overall trend is bullish and we had a fundamental reason to trade higher - I am therefore bullish as long as we trade above 1.2550 and expect us to reach 1.27 soon than later.
As last week I suspect that some traders will try to go long on a dip towards the lower end of this range which is 1.2550 and some will wait until we get a bullish breakout above 1.2625 which is the upper end of the current range.

In case we trade under 1.2550 we must accept that the trend is not bullish any longer and many traders will take losses which will cause an accelerated decline to 1.2500.

If you can any questions about this scenario or anything else trading related feel free to write to me here on the forum.

Feel free to join me today at 10:30 GMT (11:30 UK time) for a free FX, stock and commodity market webinar at www.dailyfx.com/bvb
Send an e-mail to azambrano@fxcm.com to sign up to my distribution list.

EUR/USD 60 min chart


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Market Strategist | DailyFX London
azambrano@fxcm.com

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Originally Posted by ericwong

Good luck to you. I am shorting

Thanks, I wish I could go short as well at the moment but my system won't let me short above 1.2540 I have to hold my long now. It's a case of wait and see for me and good luck to you.

im still currently long but starting to worry for my long. got stopped out of my GU and limited out for 20 pips on AU. price did not manage to stay above the 4 hour pivot to break above the daily pivot (1.2626). still holding a small long and went for a fast hedge 1.2588 and closed just now. watching the 4 hour closely for a close under...... if we close im switching to short heavy.
got a loss of 30 pips and counting and hedged it, will close of a retrace back up waiting for that 5 min retrace of some kind......

if this is a replay of last tuesday then no rush to jump into a position

Check out today's GBP/USD outlook http://forexforums.dailyfx.com/gbp-u...ml#post1200076