OMG !!! Its the uncle of W.D.G. !!!
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Quoting LouDislikedOMG !!! Its the uncle of W.D.G. !!!Ignored
Quoting AhmedFouadDislikedHello,
Do not get bored, you have heard it tons today. EURUSD finally broke out of its range 1.2456-1.2980 to make a series of explosions that sent the pair to 1.31.
I have the feeling the market participants were too bored from the tight ranges on market, and thats why we saw these explosions. The sellers at 1.2980 were not there, and prices dramatically pushed higher to signal a real departure from the older range.
I think the pair is heading to trade in 1.30-1.40 range for next year similarily to 1.20-1.30.
I am sure you had your buy stop just touch from 1.3000 figure, and you could hold it for the weeks ahead.
I open my chart to find a new weekly buy signal on EURUSD, and I won't call it drama to see it touching 1.36 over a month or so.
Now I see any try for dollar rally to be killed within 1.3000 or 1.2980 strong support now.
Well, what about ECB officials? Someone was out saying that if EURUSD reaches 1.35 it would hurt German exports. Are you giving the market a target to achieve? Lower than 1.35 does not hurt? So lets push it to that point and see the officials reaction.
I do not think ECB's Trichet or anyone is worried about EURO strength. but at certain level, they would want to push it lower. thus I think I am overshooting to say that EURO is going to hit 1.40 and let us be neutral to say that EURUSD at 1.3500 will satisfy everyone.
Cutting rates is the expected scenario for Fed, and now we all agree that the Dollar will be under pressure early next year as well. As market realizes Fed rates lower.
Technically, EURUSD daily seems a little overbought, but since we've already broken the range. we can expect a consolidaton or a bounce to 1.30 then a spike to 1.33 over next week or two weeks.
In fact, I didn't join the spike, cause I wasn't available on trading desk but I wish that you all have made profits from the big directional move.
And those who went short, a stoploss above 1.2980 ofcourse didn't hurt you that much. Stop and reverse is the way.
For USDCHF I think the pair is aiming towards 1.19 in the near term, and I went short on USDCAD for 1.12/11 targets. Let us see how this works out.
Best Regards, fellow TradersIgnored
Quoting AhmedFouadDislikedThank you guys.
There is also an ECB official who noted that 1.35 would hurt german exports. Is he giving a signal to market?Ignored
Quoting StockKJayDislikedAll looks okay on my charts. NF and Oanda.
Some just cant believe USD threw a punch before the weekend.Ignored
Quoting markamDislikedlou, if you are right, I will be one happy camper come sunday evening.Ignored
Quoting LouDislikedCHECK THIS OUT PlEASE checked xe. com as I do occasionally over the week end. Prices do move after NY close But look at this 190 pip move !! NY close was around 1.3202 Now it is....
Live mid-market rates as of 2006.12.09 01:17:45 UTC.
1.00 EUR Euro = 1.33920 USD United States Dollars
Might be an error ... also checked it out on CNN Money... same thing !!
Maybe both sites have same bad feed.
Could someone else check this too. Needs to be a site that has true forex feed for full 24/7 not end at NY close.
ThanksIgnored
Quoting GirlFlyerDislikedWeird thing is, XE.com shows 1.33920, alsoIgnored