Eur/USD

[cruiser13]

Yes. Sorry. Trying to do three things at once.

 

[Ivanovich]

After closing a nice long, I've gone short at the 1.2281 area. This move looks overdone, and a tad stupid given all the "rumors" flying around.

 

[downrivertrader]

I see solid buying returning around the 1.2207 area. Maybe a good short down to this level but I am staying long. Good luck.

 

[Ivanovich]

Solid buying in the form of a few mid east names? Easily overcome if the tide turns. Those names have been buying that range since December.

Here's why I did what I did.

 

[Ivanovich]

And from a deeper view...

 

[ForexPro]

I think the hourlies will have to fall to a neutral level, so this will result in a retracement. I am looking to buy on dips and have limit orders of 1.222 and 1.7635 on GBP/USD to take me long again (not sure they'll get hit though).
The real truth in todays action will be when european trader's return tomorrow.
I believe the trend is up though for the next few sessions at least.

 

[Kastro_316]

Nice play Ivan!

I went short at .2271

-Kastro

 

[sunandtree]

eur/usd will up to 1.2330, may be higher. then down but won't lower than 1.2130, then up again.

 

[Ivanovich]

Stop was hit overnight at 1.2250.

Not sure I agree at all with the above poster's analysis, so will reset shorts on further failures at 1.2280

 

[downrivertrader]

If the data sends price south to 1.2207 then this is a buy for my methodology, otherwise any break above 1.2261 is a buy.


Topside Targets

1.2406
1.2383
1.2333
1.2295

Below 2207 and I would be short.

Good luck today everyone.

DRT