EUR/USD
Mitglied seit Jul 10, 2014
1117 Posts
Sep 03, 2014 at 13:49
A doji candlestick formed in the daily EUR/USD filter and the price started climbing. That said, I think it's prudent to wait for Draghi's press conference tomorrow before making any decisions.
Sep 03, 2014 at 15:06
The dollar traded in the lower face almost all of its G10 peers during European morning getting stable against the NOK and CHF.
The euro was boosted by the release of the Ukrainian president, Petro Poroshenko by announcing a permanent ceasefire.
The announcement of the agreement reinforced EUR / USD, but the pair failed to hold gains eventually back the next time, given the widely anticipated that the ECB meeting will be held next Thursday that remains the key factor for EUR.
The euro was boosted by the release of the Ukrainian president, Petro Poroshenko by announcing a permanent ceasefire.
The announcement of the agreement reinforced EUR / USD, but the pair failed to hold gains eventually back the next time, given the widely anticipated that the ECB meeting will be held next Thursday that remains the key factor for EUR.
Mitglied seit Apr 14, 2014
230 Posts
Sep 03, 2014 at 21:08
(bearbeitet Sep 03, 2014 at 21:08)
csc2009 posted:
There is political gossip about a discussion of permanent ceasefire between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin has sent eur/usd higher to 1.3160 today.
It's a fake ''ceasefire'', just like you said ''political gossip''.
Mitglied seit Apr 08, 2014
1141 Posts
Sep 04, 2014 at 09:03
EURUSD rose slightly during the Wednesday session, but found sellers above again on the 10 day moving average. All eyes will be on the interest rate statement coming out of the ECB today, looking for clues of further QE out of Brussels. The 1.32 level should continue as a key resistance and 1.31 should be a key support to pay attention today.
"I trade to make money not to be right."
Sep 04, 2014 at 11:06
The final result will shown within few minutes
ECB governing council discussing ABS/covered bond purchase plan at today's meeting, according to people familiar with discussions
https://talking-forex.com/headlines/ecb-governing-council-discussing-abs-covered-bond-purchase-plan-at-today-s-meeting-according-to-people-familiar-with-discussions-04-09-2014
ECB governing council discussing ABS/covered bond purchase plan at today's meeting, according to people familiar with discussions
https://talking-forex.com/headlines/ecb-governing-council-discussing-abs-covered-bond-purchase-plan-at-today-s-meeting-according-to-people-familiar-with-discussions-04-09-2014
Mitglied seit Jul 10, 2014
1117 Posts
Sep 04, 2014 at 13:42
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.
Mitglied seit Oct 08, 2011
137 Posts
Sep 04, 2014 at 20:59
when I started learning how to trade price-bar formations about 32 years ago, my mentor gave me a set of rules to go by:
1. NEVER trade without a stop-loss
2. NEVER trade an intra-day chart
3. NEVER fight the current trend
Most traders here seem to be fighting the trend, but only because they are looking at intra-day charts.
The EURUSD today made it to the 50% retracement (low of 2012 and high of 2014)
There are 2 major trend-lines near 1.2930 and 1.2800
In my last posting I mentioned 3 types of gaps. the most recent one turns out to be the break-away gap.
1. NEVER trade without a stop-loss
2. NEVER trade an intra-day chart
3. NEVER fight the current trend
Most traders here seem to be fighting the trend, but only because they are looking at intra-day charts.
The EURUSD today made it to the 50% retracement (low of 2012 and high of 2014)
There are 2 major trend-lines near 1.2930 and 1.2800
In my last posting I mentioned 3 types of gaps. the most recent one turns out to be the break-away gap.
"a little bit of knowledge is a dangerous thing"
Mitglied seit Jan 28, 2014
41 Posts
Sep 04, 2014 at 21:01
shit....you all think itz heading to 1.3000 ..r u sure???
Mitglied seit Jun 08, 2014
454 Posts
Sep 04, 2014 at 21:01
csc2009 posted:victoriajensen posted:
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.
There were not so much bouncing and we can say goodbye to 1.30.
I think after today's drop we can even say goodbye EUR
Mitglied seit Nov 11, 2012
271 Posts
Sep 04, 2014 at 22:27
sherifFares posted:csc2009 posted:victoriajensen posted:
Well, it looks like it's headed for 1.3000. Before the press conference I was hoping it'd bounce back but that was too much to hope for.
There were not so much bouncing and we can say goodbye to 1.30.
I think after today's drop we can even say goodbye EUR
LOL
Breakout traders made a lot of money yesterday....so nothing to worry about EUR
Cheers
antariks1@
Mitglied seit Oct 11, 2013
775 Posts
Sep 05, 2014 at 01:46
The NFP report out of the US may be the last nail in the coffin for the EURUSD.
Mitglied seit Apr 14, 2014
230 Posts
Sep 05, 2014 at 02:37
I just found out this interesting theory, EURUSD was at levels 1.2 (roughly) at 2008, 2010, and 2012 - every 2 years (roughly again). It is 2014 this year, is this a pattern? We shall find out.
Mitglied seit Aug 01, 2014
16 Posts
Sep 05, 2014 at 07:49
Last night mario Draghi anounced that eur will be going down to 1999 year Highs in 2-3 Years At the point of 0.8670 Eur/USd. So euro will be bearish for a long time from now on.
Never trade when you are depressed. Just believe that you are right.
Mitglied seit Apr 08, 2014
1141 Posts
Sep 05, 2014 at 09:29
EURUSD fell hard during yesterday session as the European Central Bank surprised cutting all three interest rates and announcing a bond buying programme. The market looks as if it is going to continue selling, as the length of the candle is pretty drastic 227 pips the worst fall since the start of the Year. On top of that, we broke below the 1.30 level and the market is going to go to the next significant support level, the 1.28 handle.
"I trade to make money not to be right."
Mitglied seit Aug 07, 2014
1 Posts
Sep 05, 2014 at 13:37
Silvestras posted:So its time to sell it and it should go to 0.8670?
Last night mario Draghi anounced that eur will be going down to 1999 year Highs in 2-3 Years At the point of 0.8670 Eur/USd. So euro will be bearish for a long time from now on.
Mitglied seit Jun 08, 2014
454 Posts
Sep 05, 2014 at 13:40
I think today is not wise to enter on the price after yesterday's huge drop, have a nice weekend everyone
