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Great trade Rezo!!

Seems fairly reluctant to move too much..........

Hi Rezo Definitely see 1130 as the key to the upside. Should get some movement during either Europe or US markets.(Either up or down) Ryan

Hi Looks like an interesting week ahead. Fairly tight range yesterday---1050-1120. Sitting on the sidelines for the moment. Ryan

Like it to close above 1015 to confirm upside, but I think your on the money

No i bought at 0958, and gained a quick 29 pips and just got out.......bad economic data from the States helped my decision. I was trying to put a mkt order in as the data came out but couldnt get in until then (missed the first 30pips) Your posts are great to be able to throw ideas out...

I trade intraday, so I will trade a bounce off 01015, but a close above this would confirm the upside

Failure at 1015 again would signal SELL, but a break confirms the upside (BUY) Looking forward to the upcoming session in London Ryan

Hi Rezo Hmmmm, great post...... hadn't seen that!!! I did notice that the dailies and 6 hourlies were very oversold and that a correction was in order, but hadnt seen it in those terms.....thanks for that. Ryan

Hi I would have thought the bias has been down, at least on the medium term. The last move was followed by a retracemtent to the 31.2% fib line (near enough), which suggest strength in the downside. Longer term view is downward, with 0550 the target---- retracement level of last major bull...

Short covering I would guess. Strange as numbers out of the US seemed healthy.

Hey Rezo Someone mentioned fading a breakout...what is meant by that...I have never heard that expression before Ryan

Interesting that the move came before London opened!!!!!

Yeah agree totally with you.....

Interesting developments. I got stopped out of my long position, and decided to enter the short. Interbankers must have been gunning for stops that were around 0890/0900. Interesting times for the EUR. Still looking very oversold, but as per usual price dictates, not indicators Ryan

Hi Baggerlord I have looked at using them. They definitely have attractive spreads. How do you find the order execution? Ryan

Hi Fast Trader I use FXCM, whom I find to be good. They seem to have good customer service and good order execution. Ryan (I have no affiliation with them, just have an account with them)

Hi Long on the EURO........It is very oversold on the daily chart, and has also become oversold on the 1H chart. If 0930 holds (Which was previously strong resistance--now support) then upward movement is a possibility, however I guess if 0930 breaks then a resumption of the downtrend could...

Hi Rezo Was looking to do the same. If prices confirm a failure at 0930, then looking for a long to test 1015 Ryan

Hi Rezo Tend to agree that the EUR tending to look more bullish, and a corrective bounce looks likely. Daily studies suggest oversold conditions. Ryan