How to trade the EUR now

[contra]

London closes at 11 EST. I think we'll hit 3100 in due time.

 

[DT-waw]

1.3031 short, stop @ 1.3060
target 1.2960
wow, already 10 pips profit

 

[DT-waw]

argh, something tells me my target will be hit in 10 to 30 minutes from now!
its 100% evident the uptrend in over now.

 

[contra]

oh look here's the TL now.



edit: and there is 3100.

excellente.

 

[SimpleTrades]

Quote from SimpleTrades:

... and I'm still long from 3096.

... and I'm still long from 3096. Limit set at 3211. After that, I am actually going to go short for a change. Sell order set at 3214.

 

[elisab]

EurUsd continues to press on the resistance of 1,308, but the hourly and daily oscillators are coming close to the overbought. The ECB is preparing a European QE???

 

[elisab]

Another top for EurUsd at 1.31 (third day). The oscillators are approaching the overbought zone and the feeling is that tomorrow the fall will resume…

 

[DT-waw]

3rd attempt today to break 3100
even if successful, it won't last for long.
probably 20 minutes or so

 

[elisab]

All oscillators in overbought before the ECB. Trying the short EurUsd is not a bad idea.

 

[Tsing Tao]

Quote from elisab:

All oscillators in overbought before the ECB. Trying the short EurUsd is not a bad idea.

Agree, this looks like a great place right at 1.3158. I'll put my stop right above 1.32. 150,000 units.