Thread: EURUSD

Originally Posted by ;

I are buying now for a retest of 1.20

1.19642 / 1.20052

If you are tracking EURUSD, price action on the pair has retested last week's top (marked by green line) and rejected it with a bearish pinbar on the daily time period. As a swing trader, I will see this as a set up for a sell trade on short term swing trading foundation.

I may be incorrect. Trade secure and prosper.

KP

Originally Posted by ;

Are you tracking the EURUSD this week? Consider this technical perspective. On the daily time period, price action was in a southward manner since April 20, 2018. Last week, Thursday and Friday, bulls pushed price action northward in retracement. We are very likely to see bulls take price action farther northward prior to a southward turnaround. A likely target of such a northward retracement is your 1.20540 area. I may be incorrect. Trade secure and prosper. KP picture

Euro/Usd has ignored my micro account this week I'm still studying but want to trade on micro accounts instead of demo.

This week I tried new system, signs lagged and I was maxing the leverage out.

Ive learned from my greed, backs to good old fractals and ichimoku for me, combined with candlesticks.

Look forward to after this forum

Originally Posted by ;

Euro/Usd has blown my micro account this week I#8217;m still learning but prefer to trade micro accounts instead of demo. This week I attempted new system, signs lagged and I had been maxing the leverage out. Ive learned in my greed, backs into good old fractals and ichimoku for me, combined with candlesticks. Look forward to after this forum

At least you said the true and are not lying on your own. Good luck .

Can a bull still run after obtaining its head chopped off? Apparently, that's what it did a week. Nonetheless, it looks like the downtrend is resuming this week.

Sell at Daily near level SL 1:1944

carry on , anyhow a sharp increase fall probably from 1.1814 or even 1.5531 breaks down , later is most likely as they take longer time to complete correction too . Take good care,

Ready to buy more short at 1.1963.

The euro bulls have been once more champing at the bit after the President of the French central bank Francois Villeroy de Galhau yesterday signalled his support to an ending of the ECB strength purchases at the end of the season and commented in detail on the time of the following rate increase. In his view this will accompany ”quarters and not years” following the end of the net asset purchases, and as a result EUR-USD once more approached the 1.20 degree, even if the exchange rate eased off from these levels throughout the course of the afternoon. That usually means the ECB's communiion chaos continues, together with the comments of dovish members of the ECB's Executive Board such as Villeroy contradicting the ECB's official line, as at its meeting in April the central bank had once more signalled quite clearly that it first wants to see an increase in underlying inflation before it'd be justified to pulled monetary policy support in the form of strength purchases.

It is quite surprising that the ECB doves particularly are carrying such a clear stance in their communiions at present. Usually this would have to be seen as the indiion of a coordinated communiion offensive with the intent of controlling market expectations. That would not just point towards an impending ending of the QE measures but also towards rising interest rates, which might really justify a stronger euro. Our economists do not see any renewable signals of core inflation rising till year. And since the ECB has not formally decided on its future approach, the information would have to affirm our expectations exactly at the time once the choice is expected in a few months' time. Put simply: if our economists prove to be correct with their projections, which appears plausible in view of weaker economic information, the conditions the ECB has contributed for an end of QE and over all for impending rate hikes will not have been fulfilled, once the conclusion about the upcoming approach is expected in September. That in turn suggests that the euro will weaken over the coming months because the likelihood rises the ECB will have to back-paddle following Villeroy und Co.'s optimistic comments. Tomorrow's speech by ECB President Mario Draghi might offer some illuminating insights. Until this happens the euro stays sensitive to actual economic information which in turn must decrease its attractiveness, whereas the Fed continues to increase interest rates over the coming quarters less on autopilot hence providing support for the US dollar.

The mostly quiet trade in currencies supplied brief breather from the pressure in EUR/USD although remained firmly under the 1.2000 handle and later extended on lows as US yields rose.

Option expiries of note for the current 15:00 BST:
1.1775 (0.408 BLN), 1.1940 (1.1 BLN), 1.1950 (0.886BLN), 1.1990-00 (1.3 BLN)

Have two egies in line for the EUR/USD, you to brief @ 1.2049 with a goal near 2018 low @ 1.1829 along with the other to go long near 1.1829 with a goal @ 1.2049. Until then I am on the sidelines waiting.