Daily EUR/USD trades

Quote from Ivanovich:

Why not keep this thread for EUR/USD and for other trades (like AUD/JPY) create another thread?
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good idea, the only reason I am looking into USD/JPY is that I see USD/JPY going to 118-119, can't really be long EUR/USD if that is to happen, as far as I understand it. When the daily divergence plays out and runs out of steam, then that might be a good point to buy back into Euro IMO.
 
Let's see what happens when the dust settles, I am still of an opinion that EUR is perhaps a temporary sell, it was interesting to observe 117.24 being hit and an immediate reversal on USD/JPY, IMO that is some resistance point, needs to be taken to see 118-119.
 
Quote from Buy1Sell2:

I favor long Eur,JY against the dollar right now.
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I agree on JPY, but EUR is a question mark as there are signs of a possible BRD on the weekly chart and next resistance is not that far away, since you are holding EUR from quite a few hundred pips below it makes sense to hold position, but if you were neutral it might be too late to initiate a positional trade long EUR IMO.
 
Quote from romik:

:confused:
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What happened to your hair ?jk


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The EURO and JPY in the forex market move opposite to each other against the USD.

In the futures market all currencies move in the same direction against the USD.
 
Quote from optionpro007:

What happened to your hair ?


***

The EURO and JPY in the forex market move opposite to each other against the USD.

In the futures market all currencies move in the same direction against the USD.
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1. EUR/USD and USD/JPY is an opposite pair USD wise, I am still confused by your comment man. Long EUR/USD is long EUR, so if it is advancing, then perhaps USD/JPY is declining, but it's USD that is declining, not JPY.

2. Very confused, are you saying that USD would always decline or advance against all world currencies?
 
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