For me, this is a buy signal. Bar with long tail = price rejection. So we may range from here to 73 where the sell-off broke out, until news.

EURUSD

Back! Good to see some of the old crew here on the thread (Z3iz3i and nawafasad1, Attila, Gatorinla) . As well, we're getting some excellent new commentators (eg. MaxDoom). For newbies like me (well I've been a newbie for 3 years now, so may be not ...

EURUSD

LOL.... Freshpips, I was referring to this earlier order. But you're right, I've added to the position. Okay... I mean it now. Coffee.... BTW, it's snowing here in London..... nice.... but shitty to travel to work in.

EURUSD

That makes sense!

EURUSD

I've not traded like that before.... but that's given me food for thought. TY!

EURUSD

Good observation... i'll review that swing.

EURUSD

I've joined you at 41 Any thoughts on that sharp decline?

EURUSD

Well done on this sir. I would close your shorts now and enjoy the profits. Your RSI is now oversold - just saying, if it were me. In terms of this picture, it only convinces me that it's a "correction" not a reversal. Big money positioning for ...

EURUSD

That's exactly what I mean. I expected a hold on 65 actually. But anyway... I guess I'm looking for answers as to why I got stopped out last night and why I didn't see this coming when I watched it at 8am. I recognise the mood swing... it's revenge ...

EURUSD

This is what was bothering me. On naked PA... it wasn't a "reversal". The first 3 bars on the 5M just wouldn't have triggered a short which is why I didn't pay attention to it. By the time I saw the break I missed out on the bit short to 50.

EURUSD

That explains the funny movement I didn't understand at the top. Anyone see this a SHORT signal....er besides the fact that it was resistance at 97?

EURUSD

38/41 was one of my support lines.

EURUSD

Long at 41. Lost 20 pips when my stop was hit this morning from an overnight long at 73. Not happy but Dem's da breaks

EURUSD

Many thanks for this. That makes sense indeed. Always good to get a fundamental perspective.

EURUSD

I suspect so. It's the sexy one after all. Question for the fundies.... what are the reasons for the sell off on YEN? Is it because of positive US Data, so now risk appetite is on and wanker (ahem) banker folk are swapping YEN for USD, driving USD ...

EURUSD

Will we make 3396? But wait! Any minute now it will be 3250! Sorry it will be 3150! No wait, it will be 3050! I have the inner inside info! LOL

EURUSD

I will short the shite out of it, if it does this tonight or tomorrow.

EURUSD

Gator did you short the EJ at 120?

EURUSD

I'll concede that EU looks very sluggish now with this formation on the 1H. But I'll retire for the day until tomorrow. Need to see how EY plays out. Yen at a Hi against the Euro - I wouldn't risk an overnight position.

EURUSD

If EY tops out, EURUSD should follow.

EURUSD