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EUR/USD
Member Since Jul 10, 2014
1117 posts
Oct 28, 2015 at 10:38
Member Since Jul 10, 2014
1117 posts
I am not seeing any sell signals here. I think the pair will climb to 1.1090 and likely bounce off of that resistance.
forex_trader_137597
Member Since Jul 04, 2013
88 posts
forex_trader_137597
Member Since Jul 04, 2013
88 posts
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 28, 2015 at 13:48
Member Since Oct 04, 2015
52 posts
Well, I see it still as pre-FOMC stress ...
The pair will lose ground again when a Dovish result will be presented by the FED.
Where the new fresh TOP will be at the moment is just - wait and see - ...
individual traders seems to have 'stress' and blowing the nice ECB outcome of last week away for now.
I remain short with the goal 1.10002 and lower.
The pair will lose ground again when a Dovish result will be presented by the FED.
Where the new fresh TOP will be at the moment is just - wait and see - ...
individual traders seems to have 'stress' and blowing the nice ECB outcome of last week away for now.
I remain short with the goal 1.10002 and lower.
Member Since Jul 10, 2014
1117 posts
Oct 28, 2015 at 13:48
Member Since Jul 10, 2014
1117 posts
The FOMC statement is coming in a few hours, so I've closed all positions and I'll wait to see what the results will be.
Member Since Sep 12, 2015
1948 posts
Oct 28, 2015 at 13:49
Member Since Sep 12, 2015
1948 posts
tommy2308 posted:
COnsider everyboby is waiting for a Dovish FOMC, but most analysts get things wrong, on purpose? I dunno[/
Your in a group of ten analysts ,are you going to be the one who disagrees,safer to agree with the crowd.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Oct 28, 2015 at 13:50
Member Since Sep 12, 2015
1948 posts
Are you using Level 2 WS?
"They mistook leverage with genius".
forex_trader_137597
Member Since Jul 04, 2013
88 posts
Oct 28, 2015 at 14:53
Member Since Jul 04, 2013
88 posts
snapdragon1970 posted:tommy2308 posted:
COnsider everyboby is waiting for a Dovish FOMC, but most analysts get things wrong, on purpose? I dunno[/
Your in a group of ten analysts ,are you going to be the one who disagrees,safer to agree with the crowd.
You are right,
Member Since Jun 08, 2014
454 posts
Member Since Oct 19, 2015
7 posts
Oct 29, 2015 at 07:00
Member Since Oct 19, 2015
7 posts
Hi guys!
FOMC definitely surprised the market and caught us off guard! That was as hawkish as it could get in that statement. Hope you guys were on the right side. Sadly our news feed froze up before we could jump in and we missed a good 50 pips of the initial move, but we're still sitting comfortably. :)
Good luck everyone!
AlphaInfinity
FOMC definitely surprised the market and caught us off guard! That was as hawkish as it could get in that statement. Hope you guys were on the right side. Sadly our news feed froze up before we could jump in and we missed a good 50 pips of the initial move, but we're still sitting comfortably. :)
Good luck everyone!
AlphaInfinity
Member Since Apr 08, 2014
1141 posts
Oct 29, 2015 at 09:32
Member Since Apr 08, 2014
1141 posts
Yesterday the EURUSD initially rallied but found yet again enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a wide range.
Yesterday the US Federal Reserve (Fed) policy makers left the rates unchanged at 0.25% although announced that the economy is still expanding and they will consider tightening policy at their next meeting in December.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1079 (resistance), 1.0900 (support) and 1.0819 (Support).
Yesterday the US Federal Reserve (Fed) policy makers left the rates unchanged at 0.25% although announced that the economy is still expanding and they will consider tightening policy at their next meeting in December.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1079 (resistance), 1.0900 (support) and 1.0819 (Support).
"I trade to make money not to be right."
forex_trader_137597
Member Since Jul 04, 2013
88 posts
Oct 29, 2015 at 09:33
Member Since Jul 04, 2013
88 posts
The key 1.0970 support was finally taken out and the clear break led to a sharp drop to 1.0895/00, notes UOB Group.
'The bearish phase that started last Friday is still intact and the weak daily closing yesterday suggests further downward pressure in the coming days,' UOB projects.
'That said, the down-move is clearly oversold now especially on the shorter-term charts and we would suggest taking some profit near the next strong support at 1.0810/15,' UOB advises.
'The bearish phase that started last Friday is still intact and the weak daily closing yesterday suggests further downward pressure in the coming days,' UOB projects.
'That said, the down-move is clearly oversold now especially on the shorter-term charts and we would suggest taking some profit near the next strong support at 1.0810/15,' UOB advises.
Oct 29, 2015 at 11:14
Member Since May 01, 2015
675 posts
The single currency recorded a sharp decline at the end of the session on Wednesday. Trading started at 1.1045 and finished 119 pips lower after the Fed signaled an increase in key interest rates in December. If the downward trend continues, the euro will move to the first support at 1.0854.
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