EURUSD....Euro

[>Apocalypto<]

Some selling could be coming.

Based on what I can see on the chart and what another method has showed me the Price has reached a extreme and could be due to come down.

see what Monday brings but a double top now off the back of Oil news. Oil is also on a near vertical thrust and more likely to give some back then rally another 400 off the back of the current push.

Heiken Ashi trend has widened and is contracting lower high on MACD showing divergence on the new push.

Need to see some red on HA on price but a warning is there. I shorted it this morning but the second thrust got me -40 pips. Not to worried as I think I make it back plus more Monday Tuesday this week. Target 1.5770 - 1.5790. if reached see what happens from there.

 

[caribean]

1.6000 ,April's high is very close, but will see what the intraday action brings on Monday.

 

[>Apocalypto<]

Chart says it all.................

What a fall!

 

[theasxgorilla]

Chart says it all.................

What a fall!

This one is a strengthening of the USD, as opposed to weakness in the AUD. AUD has actually strengthened against the EUR these last couple of days and bounced against the GBP during today's session.

Anyone know what triggered this? I haven't been watching USD news.

 

[>Apocalypto<]

This one is a strengthening of the USD, as opposed to weakness in the AUD. AUD has actually strengthened against the EUR these last couple of days and bounced against the GBP during today's session.

Anyone know what triggered this? I haven't been watching USD news.

It got kicking other night, some news last night jobless claims. but USD as u pointed out has been moving up all week. have a look at daily chart, Broken out!

sure AUD strengthened against eur but not to usd mate the RBA made sure of that. our rates to fall and i think US rates will rise slowly this could be a killer for skippy to usd.

I only trade eur/usd I have never seen such selling in a day. great to be trading it and watching it!

cheers

 

[theasxgorilla]

sure AUD strengthened against eur but not to usd mate the RBA made sure of that. our rates to fall and i think US rates will rise slowly this could be a killer for skippy to usd.

I agree, this is what ought to happen.

 

[BentRod]

great to be trading it and watching it!

Couldn't agree more Joe, exciting stuff.

Huge moves for the USD all round

 

[refined silver]

Couldn't agree more Joe, exciting stuff.

Huge moves for the USD all round

Check the long term downtrend line on the USDX. We've about hit it. Could be curtains now for the USD

 

[BentRod]

Can you post the Weekly Chart?

I don't get that data EOD.

Cheers

 

[CanOz]

Can you post the Weekly Chart?

I don't get that data EOD.

Cheers

Yeah, good idea as i haven't seen the dollar index since i canceled my data subscription.

Cheers,



CanOz

 

[BentRod]

Here is the Daily version of EURUSD

Big move on the daily chart.

 

[CanOz]

Good grief BR, thats the longest bar on the chart....Once it cleared the bottom of that range it just had to test 1.50 didn't it!

Cheers,


CanOz

 

[Sean K]

Good grief BR, thats the longest bar on the chart....Once it cleared the bottom of that range it just had to test 1.50 didn't it!

Cheers,

CanOz

Will that support around $1.49 ish hold up?

There's a couple of charts hitting downward support at thement. We're either going to bounce, or have quite a significant plunge.

I'm not ready for down....

 

[BentRod]

I favour a move down to 1.45 to form some sort of head and shoulder type formation. If it makes it to 1.45 then I can see 143.63 threatened which will change the main move of the year.

Thats just a guess. My stops are in place way up there with plenty of wiggle room- if it works it should pay off.

 

[CanOz]

Interesting view on the dollar rally.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9FT.fPxbjF0&refer=home

 

[refined silver]

Can you post the Weekly Chart?

I don't get that data EOD.

Cheers

Sorry have been away for while.

This is the US dollar index - the USD vs a basket of 13 currencies on a 2.5yr chart.

 

[Kauri]

Hi carribean..
How I'm running on the Euro at the moment...

more jawboning from the ECB
ECB"s Bonello notes in his recent comments that "market expectations of no change to rates this year is largely in line with the ECB"s thinking". The ECB"s Weber has also taken a similar stance in his latest comments. He suggests talk of rate cuts is "premature".

ECB"s Bini Smaghi notes that cutting Euro Zone rates would "foment" inflation and that the July hike was aimed at bringing down inflation below the ECB"s 2% target level in "around 18 months".


Cheers
...........kauri

 

[el caballo]

Hey Kauri,

Do you actually trade off that type of "fundamental" information - I perceived you more as a strictly tehnical trader?

 

[caribean]

Good TL break, if it stays on these high's it could be a good reversal tomorrow

 

[Kauri]

whilst the pnters dijest the durables and Lockhart... I'll slip the stop up metinks..

now off for a bit of Turkish Deelight..
Cheers
.............Kauri