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EURUSD....Euro

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my vision is that has one more "c" to complete C - target 4820
retrace should be go to round about 4550
for those of you who think to try with short stop above 4850
GL/GT
 
yeah i back a retrace. the asian central banks especially will be looking to weaken their currencies.

with the chinese off all week, there's been noone around to defend the USD this week.
 
EUR/USD forecast

H4 graph
The pair is trading along an uptrend, but today it made a rather huge leap down which contradicted the tendency of further upside. Drop below level 1.5095 and especially 1.5040 will state the pair’s serious intention to begin the trend’s turn.

In case the pair gets under level 1.5005, it will try to drop below level 1.4955 then. If that happens, the next drop target will be set to level 1.4865 – a key support (the lower bound of “F-F+” weekly uptrend).

I’m not seeing any signals of trend’s continuation so far.

 
so, i think we can continue with the same simple strategy buy eur, cad, gbp and the rest there against usd
gl&gt
 
H4 graph
After rapid upside lately the pair didn’t manage to update level 1.5061, which speaks about a potential of continuation of sideways trend’s forming within the range between levels 1.5050 (support) and 1.4875 (resistance).

Currently the market is closing at a temporary support level 1.4955, but as long as it stays below 1.5050 and above 1.4955 it resides a neutral zone.

Therefore, there are 2 variants of events to proceed:
1. In case the pair drops below level 1.4955, it will head to a key support 1.4875. Next, in the prospects, if the market will manage to get under that support, it will go to an intermediate support 1.4790, and further to 1.4650 (basically, the market tends to go this way).
2. If the pair rises above resistance level 1.5050, it will get to level 1.5125, and probably even to 1.5200.

Trading recommendations:
Sell below 1.4955 with the target at 1.4875.
Buy above 1.5050 with the target at 1.5125.

 
Bam NFPs! that was fun. will be very interesting to see if it breaks down further in the next few days after that release. Will load up shorts like a madman if it does :nuts::nuts:
 
Naked shorts said:
Bam NFPs! that was fun. will be very interesting to see if it breaks down further in the next few days after that release. Will load up shorts like a madman if it does :nuts::nuts:
Click to expand...

That gradual price decline before the announcement is a big suck for newbies that think the price is going to tank so load up shorts. One coin flip on which way was enough for me.
 
I don't normally look at or trade the EURUSD, but I decided to check it out and this is a 1 minute chart, what increments does it move in? I take it from A to B is around 50 pips? 1.3670 - 1.3720? Is that worth anything if someone was to trade it?

Seems to be trending up really nice, actually most things are just now.

Cheers
 

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most probably eur/usd is in a fourth wave triangle one of the running triangle categories. Any comments?
 
SeM0s said:
has a longer term downtrend started in eur/usd?
Click to expand...


Personally I feel a longer term downtrend has started in the EU, and is already well under way. It has broken the major uptrend for the past year very strongly, and also fundamentally, with Greece's problems along with problems in other Countries in the euro zone that would need to be dealt with after Greece, will only weigh down on the euro.
Also US economy may be beginning to stabilizing.

Just my view.
 
tywo said:
looks like the euro is very close to starting its next leg lower... this should indicate lower prices for equities... charts are posted on my blog if anyone is interested.
Click to expand...

Quite the opposite I think. I think we've seen the bottom here or there abouts.

See the GBP last night, absolute free-fall and Euro still couldn't catch fire with it (strong sign), GBP now looks like it's also seen a bottom, so this correlation should hold and both should bounce together.

I also don't buy the breakdown of 'the risk trade', i.e. Euro/GBP used to correlate with Oil, equities and AUD, but that has broken down recently. Think this will resume to some extent and Euro/GBP will now play short-term catch-up.

Just my reasoning on this one.
 
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