EUR/USD
Mitglied seit Jul 10, 2014
1117 Posts
Dec 02, 2014 at 14:27
honeill posted:
Sideways action in EURUSD during yesterday session, essentially testing the 1.25 handle. The pair continues in a bearish phase, however, we stuck in the middle of the range between 1.24 and 1.25. So the wise thing to do is stay on the sidelines and simply counting down the days to non-farm payroll, which is this Friday.
I agree, the EUR/USD consolidation continues today as well and it will likely drag on until the ECB rate decision, Draghi's press-conference and the USD non-farm payrolls later this week.
Dec 02, 2014 at 19:06
EUR / USD moved slightly higher yesterday, but the advance was stopped by the falling trend line.
The daily level, the trend remains downward, but given the positive divergence between daily oscillators continue to leave questions about the short-term EURUSD behavior.
R3 - 1.25970
R2 - 1.25515
R1 - 1.25097
Daily Std. Pivot - 1.24642
S1 - 1.24224
S2 - 1.23769
S3 - 1.23351
The daily level, the trend remains downward, but given the positive divergence between daily oscillators continue to leave questions about the short-term EURUSD behavior.
R3 - 1.25970
R2 - 1.25515
R1 - 1.25097
Daily Std. Pivot - 1.24642
S1 - 1.24224
S2 - 1.23769
S3 - 1.23351
Mitglied seit Jun 08, 2014
454 Posts
Dec 02, 2014 at 19:41
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, the EUR/USD is getting more and more unstable.
Mitglied seit Nov 11, 2012
271 Posts
Dec 02, 2014 at 20:03
(bearbeitet Dec 02, 2014 at 20:15)
takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.
Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.
Today it can be rewarding to go long from 1.2357 area.
antariks1@
Mitglied seit Oct 11, 2013
775 Posts
Dec 03, 2014 at 00:26
Possible breakdown of the 1.2400 level on the EURUSD, if there is a good pullback, then there could be a shorting opportunity around this zone.
Mitglied seit Jan 28, 2014
41 Posts
Dec 03, 2014 at 04:34
today whatz the taregt euro/usd ??
Mitglied seit Apr 08, 2014
1141 Posts
Dec 03, 2014 at 09:17
EURUSD has found renewed selling interest to start December, possibly driven by much stronger than expected US construction spending (to offset the slow start to the holiday sales season). The long-term downtrend remains firmly bearish but we will wait to establish a new short until key support at 1.2350 is broken to confirm the bearish momentum.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Dec 03, 2014 at 15:00
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.
Dec 03, 2014 at 17:07
The PMI of service sector on the EuroZone was revised downwards in November.
The compound PMI fell to its lowest level since June 2013, confirming that the euro area economy lost the momentum which seemed to come gaining.
Weak PMI can mean stagnation and press the ECB to act.
If the ECB on Thursday meeting sends a strong message, it can serve as a catalyst for any increases on EURUSD.
R3 - 1.25450
R2 - 1.25103
R1 - 1.24458
Daily Std. Pivot - 1.24111
S1 - 1.23466
S2 - 1.23119
S3 - 1.22474
The compound PMI fell to its lowest level since June 2013, confirming that the euro area economy lost the momentum which seemed to come gaining.
Weak PMI can mean stagnation and press the ECB to act.
If the ECB on Thursday meeting sends a strong message, it can serve as a catalyst for any increases on EURUSD.
R3 - 1.25450
R2 - 1.25103
R1 - 1.24458
Daily Std. Pivot - 1.24111
S1 - 1.23466
S2 - 1.23119
S3 - 1.22474
Dec 03, 2014 at 19:54
victoriajensen posted:
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.
Most likely you are right about the bearish but it is not going to be soon.
Mitglied seit Nov 11, 2012
271 Posts
Dec 03, 2014 at 19:55
(bearbeitet Dec 03, 2014 at 19:56)
takechance posted:takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.
Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.
Today it can be rewarding to go long from 1.2357 area.
Perfect profit booking from 1.2507 to 1.2357.
Will hold the long from 1.2357 for some more time. Most probably a break even is possible. Today price might retouch the 1.2357 level.
antariks1@
Mitglied seit Jun 08, 2014
454 Posts
Dec 03, 2014 at 21:21
I think the best decision is to close all my open positions on the EUR/USD I don't know what the ECB will do tomorrow
Dec 04, 2014 at 07:42
sherifFares posted:SELL can hold until the end of the week
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, the EUR/USD is getting more and more unstable.
nothing is impossible
Mitglied seit Jan 28, 2014
41 Posts
Dec 04, 2014 at 08:03
andryou80 posted:pramodwick posted:1.2
today whatz the taregt euro/usd ??
made new swing low..i hope today pass 1.2350 and heading to 1.2400.
then trend reversal and bearish trend conitinue
Mitglied seit Apr 08, 2014
1141 Posts
Dec 04, 2014 at 09:19
Bearish downtrend continues as expected and 1.2350 was broken, reinforcing bearish momentum for the trend. Bears remain in control of the pair below the 10-day moving average, currently at 1.2425. The fundamental explanation for the bearishness on the Euro sums up nicely on the following title: “Eurozone suffers from low potential growth and weak competitiveness, while political support for reform remains limited.”
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Dec 04, 2014 at 15:10
The ECB rate decision certainly had an effect but it was not the effect I was hoping for. Still, despite the movement to the upside I don't believe that the bearish trend is over yet. I still think that the EUR/USD pair will reach target 1.22 sooner or later.
Dec 04, 2014 at 15:45
EUR / USD continued to fall on Wednesday, breaking below the main support line.
These signs designate the momentum 'bearish', and open the way for us to see probably the lowest pair in the near future.
R3 - 1.24552
R2 - 1.24225
R1 - 1.23659
Daily Std. Pivot - 1.23332
S1 - 1.22766
S2 - 1.22439
S3 - 1.21873
https://bewayopa.wordpress.com/
These signs designate the momentum 'bearish', and open the way for us to see probably the lowest pair in the near future.
R3 - 1.24552
R2 - 1.24225
R1 - 1.23659
Daily Std. Pivot - 1.23332
S1 - 1.22766
S2 - 1.22439
S3 - 1.21873
https://bewayopa.wordpress.com/
Mitglied seit Jun 08, 2014
454 Posts
Dec 04, 2014 at 20:15
victoriajensen posted:
The ECB rate decision certainly had an effect but it was not the effect I was hoping for. Still, despite the movement to the upside I don't believe that the bearish trend is over yet. I still think that the EUR/USD pair will reach target 1.22 sooner or later.
there are no indicators say that the bearish trend has ended. the ECB conference was rather weak It will not help on the long run. tomorrow's american Non-farm payroll will easily crush the Euro.
