Thread: EURUSD

still bull at high but for very short term breaks instant sr so next sr may be due specially around 1.2163. Take good care ,

ECB President Draghi Speaks - Statement of the President of the ECB about the Draft Resolution of the European Parliament Regarding the ECB Annual Report 2016 from the European Parliament Plenary in Strasbourg, - live now at 16:00 GMT

http://www.europarl.europa.eu/ep-liv...ate=05-02-2018

Speech by Mario Draghi, President of the ECB, Strasbourg, 5 February 2018 - the text on the ECB's Site
https://www.ecb.europa.eu/press/key/...180205.en.html

Thanks for the attention. I am at your disposal for questions. - so that a QA session will follow ...

Just in the Dominican Republic .
I wish you ll as numerous PIPS as this banana tree.

Long 1.237 SL 1.2345

Originally Posted by ;

Long 1.237 SL 1.2345

TP 1.2422

Leaving the second Commerce open

I think the EUR/USD is dependent on the way the US stock market correction goes out of here. If the market continues the uptrend, we can observe the dollar appreciate to what is my long entry at 1.2050.

Originally Posted by ;

I feel the EUR/USD is now determined by the way the US stock market correction goes out of here. If the market continues the uptrend, we can observe the dollar appreciate to what is my long entry at 1.2050.

EURUSD bullish proceed at this time could be only retracement, long term bullish. My analyses is further backed by AUDUSD Double Tops formed on the weekly. The do not proceed in opposite

Originally Posted by ;

I feel the EUR/USD is currently determined by the way the US stock market correction extends out of here. If the market continues the uptrend, we can see the dollar value to what's my long entrance at 1.2050.

EURUSD bullish move at this time could be just retracement, not long term bullish. My investigations is further supported by AUDUSD Double Tops. They do not move in reverse

Originally Posted by ;

I feel that the EUR/USD is currently dependent on the way the US stock market correction extends from here. If the market continues the uptrend, we can see that the dollar value to what's my long entry at 1.2050.

Strange train of thought if you ask me :
The dollar got stronger when the markets dropped ... so if the market continues uptrend, so should the euro rise ...

Originally Posted by ;

quote Strange train of thought is you ask me : The dollar got stronger as soon as the markets dropped ... so if the market continues uptrend, therefore if the euro grow ...

Not neceserally. Don`t mix up fundamentals with tehnical. Euro has hit an extremely significant monthly trendline, backed a fibonacci resistance and also the 2009 Low's.
The situation with world markets will eventually have an effect on Currency Market volatility more powerful, but it dosen`t imply it's to follow the logic you mentioned.
A highly priced USD does not favour the US, as exports will probably be slowed down for example.
Anyway it is my humble view that one needs to trade the charts, not the economic news. Sure, ultimately fundamentals and tehnicals fulfill, but that takes time.