EUR/USD
Miembro desde Oct 11, 2013
posts 775
Nov 26, 2014 at 01:52
the EURUSD keeps correcting, but the double bottom formation has not been confirmed yet.
Miembro desde Apr 08, 2014
posts 1141
Nov 26, 2014 at 09:35
Most US data came in better than expected, with 3rd quarter GDP revised up to 3.9% on a 3.3% expectation.
Consumer spending was also better than expected, but consumer confidence came in weaker than expected which markets fear could bode poorly for the important holiday shopping season.
EURUSD has steadily climbed before and after the news, but with the long-term trend bearish and the GDP data better than expected we continue looking to get short on a rally to the underside of the former bearish channel (around 1.25).
Consumer spending was also better than expected, but consumer confidence came in weaker than expected which markets fear could bode poorly for the important holiday shopping season.
EURUSD has steadily climbed before and after the news, but with the long-term trend bearish and the GDP data better than expected we continue looking to get short on a rally to the underside of the former bearish channel (around 1.25).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Nov 26, 2014 at 14:19
As I thought yesterday a more long-term correction really seems to have started for EUR/USD. Its current target still appears to be around 1.2580, though the trend remains bearish and it will likely continue its descent once the correction is over.
Nov 26, 2014 at 16:53
EUR / USD was taken by bears after finding resistance at 1.2440, but found the bulls close of 1.2400.
The RSI moved above its line 50, while the MACD, although within your negative territory, is above its signal line.
The recovery may continue, however, in daily chart remains the downward path.
R3 - 1.25900
R2 - 1.25382
R1 - 1.25051
Daily Std. Pivot - 1.24533
S1 - 1.24202
S2 - 1.23684
S3 - 1.23353
The RSI moved above its line 50, while the MACD, although within your negative territory, is above its signal line.
The recovery may continue, however, in daily chart remains the downward path.
R3 - 1.25900
R2 - 1.25382
R1 - 1.25051
Daily Std. Pivot - 1.24533
S1 - 1.24202
S2 - 1.23684
S3 - 1.23353
Nov 26, 2014 at 17:15
bewayopa posted:
EUR / USD was taken by bears after finding resistance at 1.2440, but found the bulls close of 1.2400.
The RSI moved above its line 50, while the MACD, although within your negative territory, is above its signal line.
The recovery may continue, however, in daily chart remains the downward path.
R3 - 1.25900
R2 - 1.25382
R1 - 1.25051
Daily Std. Pivot - 1.24533
S1 - 1.24202
S2 - 1.23684
S3 - 1.23353
Interesting analysis for today, thank you.
Miembro desde Nov 11, 2012
posts 271
Nov 26, 2014 at 20:44
takechance posted:
Going long on this pair for today seems to be prudent.
It worked. Booked profit and now its time to be cautious.
antariks1@
Miembro desde Nov 11, 2012
posts 271
Nov 26, 2014 at 20:46
takechance posted:
Today will be a confusing day for both the bulls and the bears.
Yesterday's pullback has disappointed the bears a bit and the market right now is exactly at the 38.2% retracement level of the whole bull rally started from 7.11 till 19.11. It can go anywhere from this point, either quickly back to 1.2357 or to the 61.8% level at 1.2506 for a test.
I am getting a confusing signal favoring both directions hence think it is prudent to sit quite for today and watch.
As I mentioned earlier the 1.2506 is vital and the market is sitting right on that price so a reversal from this important 61.8% level is very much possible specially after 3 days of bull run.
High chance the market will reverse today from this point and go back to 1.2357. Lets see.
antariks1@
Nov 26, 2014 at 23:20
takechance posted:takechance posted:
Today will be a confusing day for both the bulls and the bears.
Yesterday's pullback has disappointed the bears a bit and the market right now is exactly at the 38.2% retracement level of the whole bull rally started from 7.11 till 19.11. It can go anywhere from this point, either quickly back to 1.2357 or to the 61.8% level at 1.2506 for a test.
I am getting a confusing signal favoring both directions hence think it is prudent to sit quite for today and watch.
As I mentioned earlier the 1.2506 is vital and the market is sitting right on that price so a reversal from this important 61.8% level is very much possible specially after 3 days of bull run.
High chance the market will reverse today from this point and go back to 1.2357. Lets see.
Let's see this correction would continue or we are looking at the downside again.
Miembro desde Apr 14, 2014
posts 230
Nov 27, 2014 at 01:11
Probably German regional and national CPI number today will tell us more.
Miembro desde Apr 08, 2014
posts 1141
Nov 27, 2014 at 09:06
EURUSD initially fell during the course of yesterday session, but found enough support to turn things back around and breaking back above the 1.25 handle. With today being Thanksgiving, it’s likely that the liquidity will absolutely disappear during the US session, this pair will ultimately make most of its moves during the European session.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Nov 27, 2014 at 12:39
Indeed, today's holiday means that we will likely see very little volatility on the market. To everyone celebrating: Happy Thanksgiving!
Nov 27, 2014 at 15:51
The dollar has been negotiating high after corrected in recent days.
The euro fell in anticipation of the Euro zone CPI to be released on Friday.
All regional November CPI in Germany were lower except Bavaria, indicating that the national inflation rate is probably lower.
The German unemployment rate was unchanged at 6.6% in November, with the strong labor market.
R3 - 1.26306
R2 - 1.25810
R1 - 1.25423
Daily Std. Pivot - 1.24927
S1 - 1.24540
S2 - 1.24044
S3 - 1.23657
The euro fell in anticipation of the Euro zone CPI to be released on Friday.
All regional November CPI in Germany were lower except Bavaria, indicating that the national inflation rate is probably lower.
The German unemployment rate was unchanged at 6.6% in November, with the strong labor market.
R3 - 1.26306
R2 - 1.25810
R1 - 1.25423
Daily Std. Pivot - 1.24927
S1 - 1.24540
S2 - 1.24044
S3 - 1.23657
Miembro desde Nov 11, 2012
posts 271
Nov 27, 2014 at 20:03
(editado Nov 27, 2014 at 20:04)
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.
antariks1@
Miembro desde Jun 08, 2014
posts 454
Nov 27, 2014 at 20:58
even with the data today the volatility on the market is so low. I can go short sell as the price broke down the bullish channel on the 30 minutes chart but I don't want to risk it with such low volatility.
Miembro desde Oct 11, 2013
posts 775
Nov 27, 2014 at 22:23
The EURUSD remains weak and it may go back to its bearish trend in the long run.
Miembro desde Apr 08, 2014
posts 1141
Nov 28, 2014 at 09:10
EURUSD fell during the course of yesterday session, as we moved back below the 1.25 handle. This pair has seriously been punched over the last several months and as a result until some change in fundamentals and technicals it will be difficult to start buying the Euro.
Follow the trend, the trend is your friend. We may expect a move down to Year low at 1.2357 after all, the Euro is one of the weakest currencies right now, and the US dollar is most certainly one of the strongest as the Federal Reserve has left the quantitative easing game for good.
Follow the trend, the trend is your friend. We may expect a move down to Year low at 1.2357 after all, the Euro is one of the weakest currencies right now, and the US dollar is most certainly one of the strongest as the Federal Reserve has left the quantitative easing game for good.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Nov 28, 2014 at 15:01
It's Black Friday and the EUR/USD pair is barely moving. I think that we won't see any big changes during the holidays and will have to wait until next week for it to make any major movements.
Miembro desde Jun 08, 2014
posts 454
Nov 28, 2014 at 16:07
Yup very low Volatility due to the holiday.
Nov 28, 2014 at 18:44
The euro was stable with the estimated area of Euro CPI to rise 0.3% in the year.
The unemployment rate for October remained unchanged.
Just one week before the crucial December meeting of the ECB; the low CPI rate confirms the President Draghi concerns where a low inflation rate means a low growth.
R3 - 1.25637
R2 - 1.25434
R1 - 1.25043
Daily Std. Pivot - 1.24840
S1 - 1.24449
S2 - 1.24246
S3 - 1.23855
The unemployment rate for October remained unchanged.
Just one week before the crucial December meeting of the ECB; the low CPI rate confirms the President Draghi concerns where a low inflation rate means a low growth.
R3 - 1.25637
R2 - 1.25434
R1 - 1.25043
Daily Std. Pivot - 1.24840
S1 - 1.24449
S2 - 1.24246
S3 - 1.23855
