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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 12:59
12850 for now will stay as a significant resistance
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Jul 20, 2010 12:09
My point of view..
We saw pretty solid retracement recently..move below 1,29 opend the door the test of this weeks low at 1,28695..if this level holds, it could provide solid support..
IF NOT, i can see this pair testing 1,2770 where the ascending trendline, former support, and it could be where 50sma will be in 2days..(if we dont get there today, whatis very unlikely)..

So, i wait and see what ll happen, but im not seller at all at these levels..
Buyer after the 1,286 support is provided otherwise around 1,28
Seller above 1,3130 to 3200

GL to all
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 20, 2010 11:44
eurusd finally moving down and the short initiated @ 1.2918 ITM...tight stops as this could spike up
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 20, 2010 11:32
forget this eurusd stuff... imagine stress test is good by figure but implausible by fundamentals.. . hands off that better wait
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 11:20
Looks like strong downward pressure inhibiting further move above 1.3 for the time being.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 20, 2010 9:19
Monto, we hit 1.3029 then dropped back to 1.2960 a classic test-&-miniretreat-. we should be looking at 1.3080 by mid European trading . 1.3130 should be here soon.

Ashraf
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 8:56
Market talk of semi official bids around 12970


Moody to assume Irelands banks to pass stress test
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 7:48
Ashraf's 1.3030 of yesterday _almost_ hit this morning, so good call, just a bit premature.
Fallen back & seems to be consolidating around 1.3007 for now. (~0745 BST)
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 5:48
JPY crosses maintaining the rage

EUR/USD has gradually moved higher along with EUR/JPY demand and EUR/CHF has also sneaked higher as risk-trades were back in vogue. Ranges: 1.2927/73, EUR/CHF 1.3638/71
EUR/GBP has traded in a tight range around .8500 leaving the cable to follow in step with the EUR/USD. Ranges: 1.5214/69, .8495/.8508.

The AUD has been very busy. AUD/USD fell first with the tech stock results but rallied strongly thereafter with strong AUD/JPY demand at the fix driving that pair higher. The RBA minutes slowed the rally for a while but once traders digested the comments, the short covering resumed. Ranges: .8669/.8785, AUD/JPY 75.10/76.60

EUR/JPY is again approaching what is looming as pivotal resistance at 113.00. AUD/USD has also moved up sharply towards expected sell orders above .8750. The market is still being influenced by unusually large demand for USD/JPY and the JPY crosses at the Fix and is ignoring the lower Nikkei.

Buy the rumour, sell the fact. Aussie traders bought AUD/USD because USD/JPY was going up and were left sitting long after the release of the latest RBA minutes. Nowhere to go except down after that with AUD/USD sliding from .8735 to .8715. Offers above .8750 continue to cap the market. I still dont know what is going on at this level but the professional money continues to sell rallies towards 113.00, 112.85 the high so far today, and I would guess that the stops above 113.20 are getting bigger and bigger. The market is getting nervy about stop losses in EUR/JPY and USD/JPY above 113.50 and 87.50 respectively. If you really want to sell into strength, keep stops tight.

China passes US as Worlds biggest energy consumer

The changing dynamic in the global economy can again be seen in this Bloomberg article.http://noir.bloomberg.com/apps/news?pid=20601087&sid=aVuSRbX5SRtI&pos=2

China will allow foreign investors to trade the new index futures market for hedging purposes only, will only allow them to use up to 10% of their agreed investment quotas, and trades must be closely linked to the spot market (Reuters quote reports in the China Securities Journal). Obviously speculators are persona non grata.
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 20, 2010 5:32
Although the recent push higher has been impressive we are still looking for very strong resistance into 1.3000. With that, we are short unit at the opening market price on Sunday of 1.2904 and have an entry order for another unit short at 1.2960. The stop for both will initially be set for 1.3200 with a target of 1.2500. We expect the daily to put in its dotted line into 1.3000 resistance and if our thesis is correct the daily 51/52dn resistance combo for Sunday/Monday to start the week will cap any attempt to rally. Thus, the daily should begin to roll over and make an attempt at congestion entrance down by Tues/Wed of this coming week. We expect a range of 1.3000 resistance to 1.2650 support this week and should that manifest we would then see the weekly live 51/52dn resistance combo for the last trading week in July. This would be confirmation that the weekly is indeed ready to try for another dotted line and congestion entrance down to close out of the month of July on into early August. Should all of this unfold we will be looking to ride the short position back down to the live monthly 53up at the live monthly pldot for August into 1.2500 support. This will also be in the general 3 weekly pldots back area which is our target of the weekly block
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