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EURO-USD

Eur/Usd Short setupWatch 1.10640 as a strong resistance zone and secondary resistance zone comes in at 1.10350 = Sell zone. Previous AB - CD playing out point perfection 4 hour: 200 ma sits at 1.10350 (Sell zone) 1 hour: Rising wedge on this corrective rally (waiting for breakout) Wedge tip pointing to 1.10350 Tested 1.10043 (minor structure) Corrective rally has 50% Fib retracement at 1.10096 acting as magnet and 38.2 % Fib at 1.10551 (in between Sell zone) Hourly 200 ma sits at 1.1006 that could act as resistance Targets: 1.08621 was previous support or buy zone (minor structure) 1.08171 was previous low 1.07000 AB - CD pattern Short Invalidated IF: Breaks above 1.1065 Breaks above 1.10991
Short
by sugardaddyFED
EURO - Bullish Butterfly completion - MONTHLYSo thought I'd share this - Here's something Ive noticed on the Monthly Chart - A perfect Bullish Butterfly completion retracing to exactly a .707 from the 2000 lows to the 2008 highs. If I'm right in thinking - Buttefly often tend to have quite sharp reversals.... Definitely got RSI looking right, and also out of interest had noted that the DXY had retraced a 61.8 move on the monthly / with a 1.618 expansion from the lower range... Any thoughts people have on this, please share. I'm still finding my feet. Peace
Long
by 0.618
1
$1.15 could be a level to short the euroThe euro has risen significantly against the US dollar these past couple of weeks, and prices are reaching a key resistance level around $1.153 (February's highs). A long-term trend line comes in at around the same level, which makes me believe that shorting EURUSD will be again possible starting next week. If indeed this is the case, we would need to see the US dollar stabilize (watch the Dow Jones-FXCM US Dollar Index at around 11,580/90 points for support). With the recent volatility in European sovereign yields, the markets have seemed to have forgotten the long-term fundamentals : the BCE will continue buying up sovereign debt even if disinflationary forces abate. I expect that investors and traders will realize this fact soon enough once yields start falling again, which would make a short strategy on EURUSD attractive. The only real obstacle to seeing renewed pressure on EURUSD is the poor US economic data that is weighing on expectations of a Fed rate hike this year. I don't foresee data improving right away, so this could make shorting EURUSD at $1.15 a bit difficult. A break above 1.16$ would invalidate this strategy, likely leading to a move back up to $1.18 and possibly $1.20 this summer.
Short
by ABRAK75
2
EURUSD Daily Analysis - Long but waaaaait a second...The daily trend is pretty bullish with DI+ above DI-. DI- is ridiculously low. Given the multi-day rise, I'm expecting at least a bit of a pullback. I'm looking for long re-entries at 1.115 and 1.1. If it drops below 1.1, DI- will likely have crossed the 20 level to the upside again and I'd have to revise my view. A break of 1.085 would confirm a short trend. I'm expecting a bit of a pullback but for now I'm looking for cheaper entries long and not short entries. So while my bias is long, I'm not suggesting entering a long right now is the best option...get in cheaper. Upside targets include 1.15 and higher towards 1.20.
Long
by TradeApe
2
What are the Critical Dates for Greece and the Euro?What are the Critical Dates for Greece and the Euro? 05/06/2015 Greece Auctions 26-Week Bills 05/08/2015 Greece Treasury Bill Matures 05/11/2015 IMF Loan Repayment Due 5/15/2015 Greece Treasury Bill Matures 06/04/2015 IMF Loan Repayment Due 06/10/2015 Greece Auctions 26-Week Bills 06/12/2015 Greece Treasury Bill Matures 6/15/2015 IMF Loan Repayment Due 6/18/2015 IMF Loan Repayment Due 6/19/2015 Greece Treasury Bill Matures 07/08/2015 Greece Auctions 26-Week Bills 07/10/2015 Greece Treasury Bill Matures 07/12/2015 IMF Loan Repayment Due 7/14/2015 Greece Government Int'l Bond Matures 7/14/2015 Greece Government Int'l Bond Matures 7/17/2015 Greece Treasury Bill Matures 7/19/2015 ECB Bond Repayment 7/19/2015 EIB Bond Repayment 7/20/2015 Greece Government Bond Matures 7/20/2015 Greece Government Bond Matures 08/05/2015 Greece Auctions 26-Week Bills 08/07/2015 Greece Treasury Bill Matures 8/19/2015 ECB Bond Repayment www.dailyfx.com
by TradeYodha
EURUSD: Active management/A structure trade review (w/video)THIS IS NOT A TRADING IDEA, more of a recap. Earlier this week I posted a chart of the EURUSD that had three potential bearish patterns setting up in the same area. In that post I mentioned that I was also involved in a long position on the Euro. Well after 24 hours of doing absolutely nothing this pair finally decided to rally and move in my favor. Throughout the week I've gotten numerous messages about that position and since I never posted it here's a quick look at what was on my mind. Unlike advanced patterns, when I involve myself in a structure based trade I look to actively manage it. The "black flags" on the chart were potential profit taking levels for me and as price action approached them I would keep a close eye on the reaction. A positive sign would lead me to stay in the trade, while a negative sign would cause me to take my profits and fight again another day. The blue lines are an example of how i managed my stop/loss while the position was in progress. While the green flag is where I ultimately ended up taking off my final profits. Now before you yell at me about "not catching the entire move" please take a look at the video i just uploaded to my YouTube channel explaining the "Pros" and "Cons" of active management vs shooting for a static target area. www.youtube.com
Long
by Akil_Stokes
4
EURUSD Breaks Above Descending Wedge Resistance on Weekly ChartThe EURUSD has made some strong gains off the 1.11 level or so several weeks back, and appears to have broken above a descending wedge resistance line on the weekly chart. Although the weekly RSI, Stochastics and MACD are all appearing fairly bullish, with a positive crossover seemingly not far off on the weekly MACD, shorter timeframe charts reveal a bit of fatigue and consolidation ahead of the news from the EU/Greece meetings. Longer term, one can see that after any shorter term pullback, the EURUSD will likely target downchannel resistance coinciding roughly with the 1.15 range. For my multiple timeframe analysis on EURUSD, feel free to visit: tradablepatterns.com Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: info@tradablepatterns.com
by TradablePatterns
EURUSD Bottoming on Weekly ChartThe EURUSD is looking very bullish now on the weekly as its RSI and Stochastics are turning up following oversold levels, while the MACD blue line is finally flattening. The first key upside target appears to be near 130, a psychologically important resistance level, which happens to coincide near the 5 month downchannel resistance. Longer term, I`m still bearish as the monthly charts point lower, to possibly a retest of the July 2012 low. Feel free to visit stks.co for today's technical analysis on $GC_F, $SI_F, $USDX, $EURUSD, $USDJPY, $GBPUSD, $NG_F, $CT_F, $ZC_F, $ZW_F, $SB_F, $KC_F. Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: info@tradablepatterns.com
Long
by TradablePatterns
$EUR Hit Worst-Case Scenario Target; Expect Recoil | #forex $USDTraders, As we anticipated a 1-4 Line validation following the completion of the Wolfe Waves pattern above, price did fall as expected, but fell below the qualitative target at TG-Lo = 1.28377 - 05 SEP 2014. As we turned to the model for its "Worst-Case Scenario" (i.e.: the outer most bearish value considered), TG-x = 1.26696 - 13 SEP 2014 was defined as such abysmal target. At this point, same model expect a significant retracement. Consider "1.33307 - 13 SEP 2014" as a possible target, which is an approximation of a Scott Carney's 5-0 pattern completion level. David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA ------------- Twitter: @4xForecaster -------------
by 4xForecaster
46
$EUR - "Wolfe Case" Scenario Sees 1.26696 | #EURO $USD #forexFriends, A recent Qual-Target defined a reversible level at 1.28377 (05 SEP 2014). However, closer scrutiny of the chart at the DAILY level reveals the presence of Bearish Wolfe Waves pattern ("WW"). If you recall from yesterday the dire impact that this WW can have on price action (see this free fall here as a mere visual example: ). In this particular case, I see no hurdles preventing this worst-case scenario from happening, except for the predictive/forecasting done this past week (05 SEP 2014), when the model defined a significant floor at TG-Lo = 1.28377. WOLFE WAVES COULD PUSH PRICE FURTHER DOWN: While this TG-Lo remains valid, WW patterns have a way to enforce their ways, as they seek completion at the level where price makes contact with the pattern's 1-4 Line. Considering the current momentum, there may remain even less doubt as to this feasibility even if and once price comes to validate the first bearish target at TG-Lo - 1.28377. OCCULT GEOMETRIES ALIGN WITH WORSE CASE SCENARIO First, let me say that the target defining the worst case scenario was defined by the predictive/forecasting model I use. However, I only considered it plausible due to price's proximity to the WW's 1-4 Line. Therefore a fair amount of selection bias has come into play here. For this reason, I decided to appeal to hidden measurements from occult geometries, defined as follows: 1 - Shape #1 = Height of FIRST swing low 2 - Shape #2 = Height of SECOND swing low 3 - Shape #3 = Differential between Shape -1 and shape-2 at FIRST correction 4 - Shape #4 = Differential between Shape -1 and shape-2 at SECOND correction - Note that the correction per Elliott Wave Principles ("EWP") would have defined a LOWER border of shape-2. However, this is a geometric definition of price action, where the angle and moment were used to defined the start/end levels of shape-2. 5 - Shape #5 = This is the shape named "3+4", as it is simply the added heights of shapes #3 and shape #4 stacked together. OBSERVATION: While most novice traders might not find this a rewarding exercise, I have come to enjoy discreet and occult geometric events such as these ones. In this case, geometry is CONFIRMING the WORST CASE SCENARIO's target at TG-x = 1.26696 by simply adding shape "3+4" onto itself, thus equaling EXACTLY the height of shape #1. In other words, each retracements at shape #3 and shape #4 representing half the height of shape #1, would be doubled to point exactly at the worst case scenario target. Whether purely random or not, I have done this exercise in no such randomness, but instead based on the same manner in which several other targets have concurred with the model using the same arithmetic process of shape additions and subtraction, based on their relative positions to one another. OVERALL: Aside from this occult geometric "amuse gueule", both the predictive/forecasting model and the WW demand a lower price target than originally defined. As this overall price action completes, a retracement of 50% would then be expected to occur, repulsing these bears back up to the 1.33307 level. Cheers, David Alcindor Predictive Analysis & Forecasting Denver, Colorad0 - USA ---------------- Twitter: @4xForecaster ----------------
Short
by 4xForecaster
5