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Thread: EURUSD H1 2013

  1. #19516
    fx calculator is offline Member
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    Quote Originally Posted by fazi View Post
    hi mate - 1.2920-25 and 1.3 is what I know

    buy stops @ 1.3005
    thank you Patryk

  2. #19517
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    Looks like the spike up yesterday to 1.3010 serves as a good interim top point. That level was just below a single trend line started in June 2010 low of 1.1876 and up to the recent highs. Prices declined to 1.2880 this week and the bounced. A case can be made that the decline to the morning low yesterday was a "five" wave and if that's correct a next wave down is beginning. The bounce carried the level to the 1.2945-1.2990 range and that' s looks about right for a turn down. So the deal to me is the 1.3010 level, which we came very close to this morning. If we break that level solidly we could see a greater bull push to the Sept high of 1.3170 or so. If not, we are probably resuming the downdraft to the low 1.20s.

  3. #19518
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    Quote Originally Posted by Hoo View Post
    Usually W2 corrected almost 80% of W1, if this is W2 of a bigger W3, then the price should not break 1.3
    Hi,

    last push up stopped 9993, on the upswing again now from 9875, if not brake maybe time for short,
    3 stages of Truth, 1 ridicule. 2 violent opposition. 3 acceptance as being self-evident.

  4. #19519
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    What is OPT and MNI?

  5. #19520
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    On a knife edge...

    Name:  EURUSD 5min.png
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    Price at the top of ascending 5min channel, 1.3000 resistance followed by 1.3010 high and 1.3020/21 highs earlier this year...

    US GDP either confirms or dismisses optimism - good Risk Reward to short here -10 vs 100.

    Any takers?

  6. #19521
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    Quote Originally Posted by sman1109 View Post
    Mr. Mcleod, I was under the impression that a compromise would be EURO bearish, since the USD will gain strength from avoiding the fiscal cliff.

    May you explain your reasoning, thanks.

    with all regards sman1109.
    Hello sman1109! Being long the US Dollar often is regarded as a "flight to safety trade" as traders sell off higher risk/higher yield assets like stocks and high yielding currencies and buy US debt instruments (Treasuries). Geo-political instability, wars, natural disasters, economic weakness in the US usually are US dollar positive. Hence, a Fiscal Cliff resolution would restore investor appetite for risk and the dollar would be sold off in favor of higher yielding currencies and stocks. This is counter-intuitive. The Japaneses Yen behaves in a similar fashion. Other currencies in other nations usually appreciate with good national economic news like the Australian dollar, British pound and Euro, etc.
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  7. #19522
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    US GDP q/q 2.7% vs. 2.8% prev. 2.8%

    US GDP q/q 2.7% vs. 2.8% prev. 2.8% inline with expectations
    USD Unemployment Claims Act. 393K expected 392K Prev. 410K Better than expected

    Euro, Cable, Aussie rallying on the news maybe setting up for a news fade reversal.

    Good economic data sending dollar and yen lower
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  8. #19523
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    Still long Eur/USD

    Got in at 1.29567
    Stop is moved to 1.29774
    Limit is at 1.30222

  9. #19524
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    Hi Greg!

    Mostly in-line with expectation - RISK-ON. Should see S&P and Dow higher as well - until Fiscal cliff scepticism rears its head again.

    Are you tempted by a EUR/USD long here targeting breach of 1.3010 /20? What's your trigger?

    Enslin

    Quote Originally Posted by Gregory McLeod View Post
    US GDP q/q 2.7% vs. 2.8% prev. 2.8% inline with expectations
    USD Unemployment Claims Act. 393K expected 392K Prev. 410K Better than expected

    Euro, Cable, Aussie rallying on the news maybe setting up for a news fade reversal.

    Good economic data sending dollar and yen lower

  10. #19525
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    Quote Originally Posted by blackbell View Post
    What is OPT and MNI?
    option strikes published by MNI - and other sources

  11. #19526
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    Quote Originally Posted by JAlexandre View Post
    Hi everyone ... my first post here

    Enter long 1.2941 and some buy-stops and still confident that will reach 1.297, 1.298 ... Im new to forex and only use media lines

    Attachment 166205
    ufff close all at 1.299 ...

  12. #19527
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    too much blabla about fiscal cliff and more QE just destroyed my short@ 1.2960..

  13. #19528
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    Long EUR/USD

    Just went long at 1.2989 hoping for test of 1.3000 - very tight stop @ 1.2983

    Playing 5 min ascending channel - see below:

    Name:  EURUSD 5min long.png
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  14. #19529
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    Quote Originally Posted by enslinforex View Post
    Name:  EURUSD 5min.png
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Size:  112.0 KB

    Price at the top of ascending 5min channel, 1.3000 resistance followed by 1.3010 high and 1.3020/21 highs earlier this year...

    US GDP either confirms or dismisses optimism - good Risk Reward to short here -10 vs 100.

    Any takers?
    http://forexforums.dailyfx.com/eur-u...ml#post1449581

    Name:  ff.PNG
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    3 stages of Truth, 1 ridicule. 2 violent opposition. 3 acceptance as being self-evident.

  15. #19530
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    1.2979 is the low of the current range in the 10 min time frame - trend is bullish above this level and could test to breakout and reach 1.3010 and higher. A move under 1.2979 will probably take price to 1.2960 and 1.2950. As we have been trapped in range for some time it would not surprise me if we start to trade lower over the next 1.5 hour as European traders liquidate their longs form this morning.

    EUR/USD 10 min time frame
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