EUR

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cat0nip

Frankfurt, Germany

Posts: 1632

13 years ago

Aug 18, 2011 12:35

the fx market is somwhat political....not a free market anymore as CBs are under political pressure perhaps except FED. Only scalping. But it appears something as a dark cloud comes up over stocks will affect fx.

DaveO

Posted Anonymously

13 years ago

Aug 18, 2011 12:30

Chloe, your Q on eurusd daily timeframe I answered back along. Its been building an enormous HVN with the tip at c.4300 within the 3950-4700 range. This condition is the most difficult to trade or analyse for daily t/f trading. Scalping this pair is the name of the game until we get a clear break.

Personally I only take the occasional short scalp, there are much easier pairs to trade for the time being. If the 12th July low had made a symmetry pattern at 3726ish I would see a bullish case but that low fell well shy at 3836 rendering the pattern unreadable. The overall pattern from the 4938 high to today is a rather messy declining channel which may or may not have been broken to the upside yesterday.

When we consider the fundamentals over the last few months with eurozone leaders incapable of grasping the nettle the mkts are suffering much uncertainty and confusion. This is reflected in the daily chart.

subway90

Posts: 1078

13 years ago

Aug 18, 2011 12:05

if this channel stays intact and breaks below 4325... it would signal top in place... and Euro dropping back into range...

break above that channel resistance would see retest the highs and maybe higher... break above 4535 opens up 4640/50 initially then more likely 4750/4800....

subway90

Posts: 1078

13 years ago

Aug 18, 2011 11:50

by breaking below 4380.... showing initial signs that Euro could've topped... if continues lower... may see support around 4300/10 for a bounce to 4450/60 where could be good short for 4160/80

Acetraderfx

Hong Kong

Posted Anonymously

13 years ago

Aug 18, 2011 8:41

INTRA-DAY EUR/USD OUTLOOK

Last Update At 18 Aug 2011 05:38 GMT

Rate : 1.4403

Although euro has rebounded due to cross buying
versus chf after early brief drop to 1.4384 n conso
lidation with mild upside bias wud be seen, breach
of 1.4440 needed to confirm an intra-day low has
been made n yield rebound to 1.4456.

Below 1.4384 wud extend decline fm y'day's high
of 1.4517 to 1.4354 b4 recovery. Stand aside.

Range Forecast
1.4390 / 1.4430

Resistance/Support
R: 1.4422/1.4456/1.4477
S: 1.4384/1.4354/1.4325

subway90

Posts: 1078

13 years ago

Aug 18, 2011 7:05

as long as we don't see close below 4350.... bias remains positive for Euro... break below 4325 could see Euro test 4160/80 support....

Sir Ignore

United States

Posts: 3068

13 years ago

Aug 18, 2011 3:21

E/$ now is short via 1 hour with down 21sma
on 4 hr waiting for next 4 hr candle close which will take in europe trading and present good r/r
wud go 5 units on 4 hr and 3 now on 1 hr with 4115 stop....
on upcoming 4 hr short trigger would watch for any candle tring to o/c ab 8 for pending mental stop..
have to be PATIENT on 4 hr..
1 hr you can get your thrillz now :)

jacek

Melbourne, Australia

Posts: 2579

13 years ago

Aug 18, 2011 3:16

cci divergence looks so good.. such a long wait though:-)

Sir Ignore

United States

Posts: 3068

13 years ago

Aug 18, 2011 3:08

well ..open and close and down candle under 4405...short trigger if not accomplished already