USD index

[victorycountry]

And 9 days to go for French elections which is going to be defining for the EURO currency going forward and the chances of an EU referendum. A Le Pen win isn't priced in as yet, it will tank if she cracks it....

I forgot about this but if euro is on the way to appreciate as I expected, I think it will converge to 1.0773 within next week. It's because usually, when there is an election, price depreciates due to the uncertainty in the politics. So euro needs to appreciate before it could depreciate. Just making up a reason

 

[Piptaker]

I forgot about this but if euro is on the way to appreciate as I expected, I think it will converge to 1.0773 within next week. It's because usually, when there is an election, price depreciates due to the uncertainty in the politics. So euro needs to appreciate before it could depreciate. Just making up a reason

Here's another one. If a Le pen win is expected by the big boys then the Euro will rally, they will want it higher to short off.

 

[Piptaker]

I felt that the break from the 108.50 109 area had caught traders leaning long. When it consolidated above 106.50 with little reaction up, I just figured the path of least resistance was still down. And the overall trend is still down, so I've been looking for excuses to get short.

I look at those another way the momentum in the up move, price and vol clues in the consolidation before the drop and the price structure to the left.

 

[Piptaker]

Aud/usd may have reversed (1hr tf) looking for longs next week after Easter expecting it to make res 7700 ish

 

[victorycountry]

Here's another one. If a Le pen win is expected by the big boys then the Euro will rally, they will want it higher to short off.

Before we consider French election, there is one thing that I overlooked. US will release its yearly inflation rate later today.

I think this macro news will be a key event that will determine euro's final destination and I have bet on 'up'

 

[Piptaker]

Before we consider French election, there is one thing that I overlooked. US will release its yearly inflation rate later today.

I think this macro news will be a key event that will determine euro's final destination and I have bet on 'up'

Ok. Yep US news calendar is busy today but I won't be trading it till next tues after the hols and your right major news needs to be assessed. GL

 

[victorycountry]

I think euro is finally appreciating. I did suffer from European opening effect but I use hedging instead of stop loss so I only suffer from the spread I set, keeping my long positions alive. But I will avoid holding positions prior to the opening from now. Thinking of it, it was unnecessary loss.

I have reduced my long positions from 4 to 2 but as long as they reach 1.0773 or somewhere near based on new inflation rate which will be released later today, I will be happy

 

[radex78]

I am read certain news about rumor if there are some another country also want to exit from euro united, but I don't know for sure and if this occured might also can influenced on euro as currency

 

[Piptaker]

I am read certain news about rumor if there are some another country also want to exit from euro united, but I don't know for sure and if this occured might also can influenced on euro as currency

Yes there's a few countries talking referendum's but France is the biggy .

 

[Piptaker]

I think euro is finally appreciating. I did suffer from European opening effect but I use hedging instead of stop loss so I only suffer from the spread I set, keeping my long positions alive. But I will avoid holding positions prior to the opening from now. Thinking of it, it was unnecessary loss.

Early European session often shakes out, glad your onto it.

I've got a close eye on Eur/usd next week for long set ups. Tuesday maybe a slow start European open.