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Draghi

Draghi helping to catalyse EUR/USD bullsThe previous push above the 1.0825, (38.2%) Fibonacci retracement of the May-December fall and the 1.0870~ high of December 2016 has not been sustained, with EUR/USD falling back into range. Downside risks, however, are expected to remain limited, as momentum studies continue to strengthen and positive divergence unwinds. In the coming months, fresh gains are looked for, as investor sentiment gradually improves. A close above the 1.0900~ high of March will further improve sentiment, and open up the 1.0970~, (50%) Fibonacci retracement and congestion around 1.1000. Beyond here is the 1.1125, (61.8%) Fibonacci retracement. Support remains at 1.0500 and extends down to the 1.0340~ year low of December 2016. This area should underpin any immediate setbacks, as the Tension Indicator (not shown) continues to improve. A break, however, would see increased selling pressure and confirm extension of the broad 2008 bear trend. Focus would then turn to the 1.0065, (76.4%) Fibonacci retracement of the 2000-2008 rally and psychological support at parity.
by Michael_Macdonald-XATSUK
EURUSD Riding the Trump BounceOANDA:EURUSD bounced off the lower channel with the help of Trump showing a nice reversal to the upside. Daily Timeframe View: The channel is still intact so the upper channel trendline is the next logical target from here. OANDA:EURUSD is also currently above the daily 50MA and the 4H 200MA so it might consolidate and even provide support before the next run up. Entry: 1.06619 Stop: 1.0645 Profit: (tg1) 1.0840 (tg2) 1.092 Any feedbacks are appreciated!
Long
by SimpleMillennialAverage
eur usd neutral 10-03-2017 (ap)hello dear traders and welcome to growing Forex A nice spike yesterday for EURUSD moved the price out of bearish pressure & its heading north. Moreover I'm not neutral its just that i,v started betting on the euro from yesterday's speech of Mr.Mario Draghi. He said that there no change in our policy & are trying to increase the asset purchasing to 74 billions approx. Due to this the investors changed their mind & started investing in Euro. As of now the price is headed north around 1.0640 - 1.0660 levels. Most probably these are the reversal zone for a short term correction. Thing to follow today are NFP that can change the outcome. Good-luck, Regards, Growing Forex.
by GrowingForex
EURAUD SELL TRIANGLE BREAKOUT I think the chart tells it all, after breaking a huge triangle on the weekly chart (golden lines), market created a new triangle below the breakout point (violet triangle), you can say it is some kind of an continuation pattern. After the bazooka from draghi last week, euro moved sharply lower, we have been consolidating for about 48hours, and i personally think we are going to break out lower pretty soon. If you like to take a very aggressive approach on this position like me, there is a sell opportunity on lower timeframes: Sell 1.4200/4190 Stop 1.4220 1. Target 1.4000 2. Target 1.3800 Use a trailing stop locking in eventual profits.
Short
by IamJeanPaul
2
EURUSD: Wait for Draghi's speech and maybe for the daily closeWe should be seeing a turn in the Euro very soon. I'm already long with a wider stop and looking to add to longs. I advise caution today, the market is awaiting Draghi later today. We're overbought in 4h, and RgMov shows bearish sentiment in this timeframe (contrary to daily and weekly bullishness), so a new low could trigger selling in the short term. What I'd like to see would be new lows tripping 'All stops known to man' after the news and a quick reversal, closing the day near the highs. This would give the perfect excuse to enter longs on a new daily high after today's close, and tightening my initial position's stop, reaching a full position, long the Euro. If not, another positive outcome would be a rapid rally causing today's price range from the open to be bigger than Friday's true range, giving us an excuse to buy dips and/or new highs above the previous 3 days' range. Let's keep our eyes on this now. Right now, there's a bullish signal in the daily with new highs, but the news are a huge risk, if we were to trade with tighter stop losses. Good luck, Ivan Labrie.
Long
by IvanLabrie
1
LONG EURCHF - SNB BID INTERVENTION @ THE 1.08 HANDLELong EURCHF - 9/10 Conviction: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously. 2. Ive been looking for a way to effectively play long euro positioning based on the view that the ECB has come to an end of its record easing cycle, EURAUD bids felt pain in the front end of the week before popping following ECB thus I think EURCHF is a better suited proxy given the ultra low vol. 3. Volatility is also v low so risk of downside is limited, plus SNB are clear they will can intervene so the chance of long-term losses with this trade are close to 0, especially when you look at the price action 4. Over in rates the 3m euroswiss futures differential (dec-march) are implying a 2bps cut with dec -0.76 vs mar -0.78, whilst the 3m euribor implies 0.5bps of hikes with dec -0.31 vs mar -0.315.. both in recent months have experienced significant selling as rate cut hopes have plunged as inflation begins to show some footing especially in Energy. Trading Strategy - buy EURCHF <1.081 dips 1.09/1.096TP: 1. Buy EURCHF on any dips into the 1.081 level, 100pips TP but it is also advisable to take 50 or by looking at the intra day (1hr) moves even taking 10-20pips is possible several times a day as the market constantly moves higher after ANY dipping below the 1.08 handle. - i wont be running a stop on this trade given what my opinion of the SNB's commitment is and the very low IV and HV
Long
by QuantumLogicTrading
22
LONG EURCHF - SNB BID INTERVENTION @ THE 1.08 HANDLELong EURCHF - 9/10 Conviction: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan has said in the past that FX intervention is on the cards should CHF move even higher when we were around this level previously. 2. Ive been looking for a way to effectively play long euro positioning based on the view that the ECB has come to an end of its record easing cycle, EURAUD bids felt pain in the front end of the week before popping following ECB thus I think EURCHF is a better suited proxy given the ultra low vol. 3. Volatility is also v low so risk of downside is limited, plus SNB are clear they will can intervene so the chance of long-term losses with this trade are close to 0, especially when you look at the price action 4. Over in rates the 3m euroswiss futures differential (dec-march) are implying a 2bps cut with dec -0.76 vs mar -0.78, whilst the 3m euribor implies 0.5bps of hikes with dec -0.31 vs mar -0.315.. both in recent months have experienced significant selling as rate cut hopes have plunged as inflation begins to show some footing especially in Energy. Trading Strategy - buy EURCHF <1.081 dips 1.09/1.096TP: 1. Buy EURCHF on any dips into the 1.081 level, 100pips TP but it is also advisable to take 50 or by looking at the intra day (1hr) moves even taking 10-20pips is possible several times a day as the market constantly moves higher after ANY dipping below the 1.08 handle. - i wont be running a stop on this trade given what my opinion of the SNB's commitment is and the very low IV and HV
Long
by QuantumLogicTrading
1
EURUSD correcting higher from supportThe Euro was murdered last week, falling over 200 pips and breaking below wedge support dating back to December 2015. Pair has found interim support in our initial target zone and is currently correcting higher. Initial resistance is a zone stretching from 1.1050 - 1.1070 and we expect the rally to remain capped below there. Bears will be looking to retest the 1.0975 - 1.0910 support zone over the coming sessions, with a break below 1.0910 targeting the 1.0775 - 1.07 support zone. Pair remains bearish absent a daily close above former support at 1.1155.
Short
by MFXSCharts
Short book: Dax - Down from ECB key level, next: 10257,9745,9226Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies. See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them. Good luck, Ivan Labrie.
TVC:DEU40Short
by IvanLabrie
5
EURUSD: Euro and inverted Euro, how to avoid bias and some tipsIn this chart, I'm looking at the Euro and an inverted Euro chart, to help me determine if I have a bias when trading it. Seeing the bottom chart, I feel it is a long here, specially since we're breaking out above an inside trendline. You can refer to my analysis in related ideas. I also see a short in the inverted chart, with Friday's action being quite decisive for me, when seeing this chart presented in this way. What do you see in these two? Ask yourselves this question also: what is the stupidest trade to take right now? Of all the instruments you follow...what would be the trading idea, that would make you laugh and mock whoever presented it to you? Let me know what you think, we can benefit from asking ourselves questions, and others, and thus, enrich our trading view. Cheers, Ivan Labrie.
Long
by IvanLabrie
EURGBP - ECB PRESIDENT DRAGHI & BOE SHAFIK SPEECH HIGHLIGHTSECB Draghi: Draghi: Our Measures Are Working, Creating Jobs Draghi: Our Measures Ensure Recovery that Will Ultimately Benefit German Savers, Pensioners Draghi: We Take German Concerns Seriously Draghi: Economic Policies are Essential to Complement our Monetary Policy Draghi: Price Stability Doesn't Mean Inflation of 0% Draghi: We Need to Act When Inflation Is Close to 0% Draghi: Our Measures Have Delivered Draghi: Very Low Rates Affect People's Finances, Welfare Draghi: Low Rates Reflect Weak Long-Term Growth Draghi: Inflation-Adjusted Interest Rates Have Been Low Many Times in Germany Before Euro -0.01% Draghi: German Exports Benefit from Euro -0.01% Area Economic Recovery Draghi: German Unemployment Is At Its Lowest Since Reunification Draghi: Low Financing Costs Are Good News for Germany's Finance Ministry Draghi: ECB Policy Isn't Main Factor For Low Profitability of Banks Draghi: German Banks' Cost-to-Income Ratios Are Relatively High Draghi: Low Rates For a Long Period Risk Overvaluation in Asset Markets Draghi: Not Seeing Overheating in Eurozone, German Economy As a Whole Draghi: For Rates to Rise, We Need More Investment, Economic Reforms Draghi: Policymakers Need to Seize Opportunity to Deliver Reforms Draghi: Low Rates Today Are Necessary for Return to Higher Rates in Future Draghi: Need to Allow ECB Policy Measures to Develop Full Impact ECB Draghi: Thankful for Respect of ECB Independence From German Lawmakers ECB Draghi: The ECB Is Sensitive to Risks, People's Concerns About Low Rates ECB Draghi: 'Very Satisfactory Exchange' With German Lawmakers ECB Draghi: I Cherish Occasion for Debate With German Lawmakers ECB Draghi: Germany is Close to Full Employment, Fiscal Stimulus Should Be Carefully Targeted ECB Draghi: Germany is Close to Full Employment, Fiscal Stimulus Should Be Carefully Targeted ECB Draghi: I Never Argued for Irresponsible Fiscal Expansion Draghi: Major Central Banks Have All Embarked on Large-Scale Sovereign Bond Purchase Programs BOE Shafik: BOE Shafik: No Doubt UK Experiencing "Sizeable Economic Shock" BOE Shafik: Likely That Further Monetary Stimulus Will Be Needed BOE Shafik: Reduction In Openness Implies Slower Growth BOE Shafik: Brexit Uncertainty Is Weighing On Business Investment
by QuantumLogicTrading
1