EUR/USD
Mitglied seit Jun 08, 2014
454 Posts
Nov 03, 2014 at 18:55
let's see what will happen tomorrow for now I am not opening any positions on the EUR/USD until trend is decided
Nov 03, 2014 at 23:05
All the technical studies give sell signals, support seems lies at the recent low of 1.2440 and followed by the important psychologically level of 1.2400.
This week we have the ECB meeting on Thursday and Draghi’s press conference. Let's see 1.24 level holds.
This week we have the ECB meeting on Thursday and Draghi’s press conference. Let's see 1.24 level holds.
Mitglied seit Apr 14, 2014
230 Posts
Nov 03, 2014 at 23:46
Abdul2012 posted:
All i see is more decline for the eurusd for tomorrow too .
I would think so too.
Mitglied seit Oct 11, 2013
775 Posts
Nov 04, 2014 at 01:24
I also see the EURUSD declining more, especially if Friday's NFP report comes out better than expected.
Mitglied seit Nov 11, 2012
271 Posts
Nov 04, 2014 at 03:12
Pulling back in a negative trend.
First short selling target entry at 1.2560. Next one probably 1.2700 or maybe before that depending upon the daily bars development in this week. The short entry from 1.2560 has the potential to yield about 120 pips with the profit target of 1.2440.
First short selling target entry at 1.2560. Next one probably 1.2700 or maybe before that depending upon the daily bars development in this week. The short entry from 1.2560 has the potential to yield about 120 pips with the profit target of 1.2440.
antariks1@
Mitglied seit Apr 08, 2014
1141 Posts
Nov 04, 2014 at 07:29
Price action in EURUSD remained relatively quiet having plunged to levels not seen since August 2012 overnight, after the pair tripped sell stops at the 1.2500 handle on a strengthening USD to break below Friday's lows at 1.2485. The pair moved sideways heading into the European close, having consolidated below the 1.2500 level. In terms of notable events the EU PPI reading for September will be in focus alongside ECB’s Coeure (Dove) and Costa (Soft Dove).
"I trade to make money not to be right."
Nov 04, 2014 at 13:53
The EUR / USD has been virtually unchanged today.
Yesterday moved into high being traded back above the 1.2500 line.
The momentum indicator, RSI (no longer oversold) and MACD (almost crossing the signal line) indicate that the declines may continue but careful is the watchword.
R3 - 1.25979
R2 - 1.25554
R1 - 1.25231
Daily Pivot - 1.24806
S1 - 1.24483
S2 - 1.24058
S3 - 1.23735
https://bewayopa.wordpress.com/
Yesterday moved into high being traded back above the 1.2500 line.
The momentum indicator, RSI (no longer oversold) and MACD (almost crossing the signal line) indicate that the declines may continue but careful is the watchword.
R3 - 1.25979
R2 - 1.25554
R1 - 1.25231
Daily Pivot - 1.24806
S1 - 1.24483
S2 - 1.24058
S3 - 1.23735
https://bewayopa.wordpress.com/
Mitglied seit Jul 10, 2014
1117 Posts
Nov 04, 2014 at 16:16
EUR/USD formed a hammer candlestick in the daily filter chart and started climbing. It appears that the current target is around 1.2640. That said, I don't think we can talk about a reversal yet as the trend is still very much bearish. If anything, this pullback might be a good opportunity to sell again.
Mitglied seit Jun 08, 2014
454 Posts
Nov 04, 2014 at 20:51
price is rebounding I think it's a good entry point to buy with no resistance level until 1.2590
Mitglied seit Apr 14, 2014
230 Posts
Nov 04, 2014 at 22:19
sherifFares posted:
price is rebounding I think it's a good entry point to buy with no resistance level until 1.2590
I agree, but I will be patient this week, with the ECB Interest Rate Decision and the US Non-Farm Payrolls report on Friday there will be likely added volatility in this pair.
Mitglied seit Apr 08, 2014
1141 Posts
Nov 05, 2014 at 07:34
With the USD-index giving back some of yesterday’s gains, the major USD pairs prompted a tick higher. EURUSD reclaimed the 1.2500 handle overnight during broad based USD weakness. The pair shrugged off the US trade balance, with EURUSD remaining in close proximity to the 1.2500 handle as the USD remained unfazed. Looking ahead the ECB rate decision later in the week will be in focus, however today the host of Fed speakers including Kocherlakota (Voter, Dove) and Lacker (Non-Voter, Hawk) will draw attention.
"I trade to make money not to be right."
Mitglied seit Sep 09, 2014
65 Posts
Nov 05, 2014 at 11:21
about an hour ago stood :buy:
There can't be enough money
Mitglied seit Apr 14, 2014
230 Posts
Nov 05, 2014 at 13:46
csc2009 posted:
Ups and downs, previous support became resistance and become support and resistance... Back to bearish trends and trading below 1.25 level, I'm interesting to find out what will happen after ADP and ISM today.
ADP releases at 230K, not much impact I would say.
Mitglied seit Jul 10, 2014
1117 Posts
Nov 05, 2014 at 17:14
After the hammer candlestick in the EUR/USD daily filter chart I assumed it will reach at least 1.2600, perhaps even 1.2640, but that proved to be far too generous an assumption, as it couldn't even break above 1.2580 before falling again. On the other hand, it's currently testing support around 1.2450, so it might form a double bottom and move to the upside again. If it breaks below the support and the previous low around 1.2440 it will likely continue on its way down to 1.2200.
forex_trader_29148
Mitglied seit Feb 11, 2011
1916 Posts
Nov 05, 2014 at 18:06
quite easy to see a fall down to 1.2086
https://www.mql5.com/en/charts/2590454/eurusd-d1-international-capital-markets
https://www.mql5.com/en/charts/2590454/eurusd-d1-international-capital-markets
Mitglied seit Nov 11, 2012
271 Posts
Nov 05, 2014 at 20:02
takechance posted:
Pulling back in a negative trend.
First short selling target entry at 1.2560. Next one probably 1.2700 or maybe before that depending upon the daily bars development in this week. The short entry from 1.2560 has the potential to yield about 120 pips with the profit target of 1.2440.
The short trade is nicely ripping some 100 odd pips now. Advice to hold it till 1.2440 reaches.
antariks1@
