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EURUSD

Weekly MACD's histogram almost at 0=volatility about to increase/range expansion.

EURUSD

I am not taking position, I see it retracing to 1.39+, although weekly down trend is over above 1.381, monthly Q1 50% is at 1.392. If I see weakness at those levels I will be going short again.

EURUSD

Congestion at last month open

EURUSD

But check out this monthly chart of USD, is it an up trend or have we just hit 23.6% fibs within a multi-year down trend? After all this is still a USD down trend as there is not a single HH in sight. url

EURUSD

video

EURUSD

I see. If you think about any reason why would USD breakout above 82.5 I can't think of any logical ones, unless more bad news comes out from Eurozone soon, some sort of a domino effect after Greece, who will bail them all out if need be? Germany? ...

EURUSD

url If you haven't watched this yet, it's advisable to do so, it is very controversial, but because it is based on facts, rather than assumptions, it makes it a must to watch. First half of the film delivers facts about religion, if you are ...

EURUSD

Gator, do you not see a possibility of USD's sudden fall to 76? It's already trading below March open, that's not good news for EUR bears.

EURUSD

Reaction to fibs. 2009 was stopped at 38.2%, this time we got stop+congestion at 23.6%. 80.5 providing support for time being, yet intentions for another phase are not known at present. I sense if 80.5 folds, then USD will shave off ~5% to 76.5 TL ...

EURUSD

It's not about 1.36 IMO, but about USD's 80.5, check out your charts. Once we clear that area in USD, it will be much easier to trade EUR.

EURUSD

Here is another interesting statistic. USD's 2008 LOW + 2009 HIGH/2=80.2 (50%) If USD locks above 82.24, then a move to 95 is very likely, which takes USD to 50% retracement from 2002-2008, that move in USD would represent ~20% from 80, that would ...

EURUSD

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Which also suggests that it started with USD squeeze on USD shorts, remember Rogers was going on about it at the time? Then Greece happened, added 'fuel to fire' USD pullback extended & EUR sold off on Greece weakness. If now attention switches from ...

EURUSD

We are at cross roads regarding USD's direction for next leg, USD index at 80.4 now. So whipsaws in most USD pairs will be likely until we know what is going on with USD.

EURUSD

USD on hourly charts looks weakening to me, Euro Intraday bears watch out.

EURUSD

If they re-start trashing DX, like they did for a long time to drive stocks higher, then this gap may not close for a long time, as USD index also has a gap, but the other way. If this was a pause in USD down trend, then Greece just increased USD's ...

EURUSD

I know some savvy traders & of course stocks are in an undeniable bull phase they are all saying a turn is around the corner, general consensus seems to be 1200-1220 S&P500 where turn likely to take place. So it is distribution phase.

EURUSD

I posted last week the importance of 80 price level on USD, DX is one of the most manipulated indexes, more than INDU. Switch on the monthly DX chart at check out interest that happens at 80 even at most volatile times. USD was climbing and hit 80 ...

EURUSD

If there was no gap to fill, then looking at hourly chart to me price action looked more bullish than bearish as far as move continuation goes.

EURUSD