Thread: EURUSD

Originally Posted by ;

quote Yes they are. You can observe the flies around them now

True

Sentiment hit extreme low on the euro, and extreme high on the dollar....usually when both are hit it could lead to a nice retrace/reversal

Between yesterday and tonight it Might be time to Include longs....risky but worth the Shooter

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PPI was a bit lower than expected.

Perhaps a Tiny long from 1.1870

IMHO, an upward trend is beckoning
edited:
a bullish gartely can form

Bulls had their time to make the most of the opportunity but I believe they are giving up. In the grand scheme of things, bears have an upper hand.

Originally Posted by ;

quote I tink we could access to 1.1924. Shorts from there.

Good call.

The Major currencies were relatively silent with all the USD index marginally easing back into the 93.00 level. On the other hand, the EUR/USD remains making lower lows and lower highs signs the bearish trend remains in place.

Option expiries of note for the current 15:00 BST:
EUR/USD: 1.1800 (0.435 BLN), 1.1900 (2.4 BLN), 1.1975 (0.508 BLN) and 1.2000 (1.3 BLN).

It's too late in the match to enter short and too risky to go long, so I do not wish to grab a falling knife. Therefore, I'm staying on the sidelines awaiting ch a upward correction.

Originally Posted by ;

The Major currencies were relatively silent with all the USD index marginally easing back to the 93.00 level. On the other hand, the EUR/USD is still making lower lows and lower highs signs the bearish trend is still in place. Choice expiries of notice for the 15:00 BST: EUR/USD: 1.1800 (0.435 BLN), 1.1900 (2.4 BLN), 1.1975 (0.508 BLN) and 1.2000 (1.3 BLN). It is too late in the match to enter brief and too risky to go long, so I don't want to ch a falling knife. And so, I'm staying on the sidelines awaiting ch a upward correction.

That I tink we could get to 1.1924.

More shorts from there.

it's struck our XOP target around 1.1830