Doubt it's going to happen sometime today. It hasn't even come anywhere close to going past 1.2700 yet, keeps getting rejecting. So I think for now, the current uptrend will hold.

EURUSD

I will be looking for longs, instead of shorts at the moment. But not right now, market is still pretty much undecided by the looks of it. Next target will be 1.2850 or 1.2880. Unless of course a 1H candle closes below the 1.2740 line.

EURUSD

Well, after massive down moves today, that line is still holding strong. Price has bounced, and 1H bar seems to be struggling to close under it. So unless someone wants to take a gamble and go short at 1.2750 or something like that, I'd suggest not. ...

EURUSD

Careful to those who are thinking of shorting. Strong support at 1.2740. I will only think of going short if 1H bar closes below it.

EURUSD

I think Derek has been fantastic with his analysis so far. I've been looking through his chart, and trying to figure out his wave count, and tried to plot the support/resistance lines from past data myself for the past half hour. I guess I've learnt ...

EURUSD

For those looking to scalp, 1.2800 seems like strong resistance to make a quick short trade.

EURUSD

But why were you not expecting price to touch the lower trendline instead? I think you're making a massive contribution to the thread, and love your charts. I just don't understand some factors to it.

EURUSD

Fair enough. Personally, I don't take notice of fundamentals much these days. The news aren't making people do what they are supposed to, and most of the action these days result from psychological factors, like panic buying/selling. So just ...

EURUSD

Derek, By the way, just a quick question. From your chart, why were you not expecting price to touch the lower trendline, by instead to bounce off 1.2740?

EURUSD

You got that almost spot on.

EURUSD

If they are up, shouldn't the USD be down? Correct me if I'm wrong.

EURUSD

How in the hell did you pick up 375 pips?

EURUSD

I'll be looking for a long at MS1 (1.27275) for a quick trade. Even if it's to continue going down, it will have to retrace a bit, and bounce off support. With a tight stop loss of course, in case it decides to break all support and head straight ...

EURUSD

Well, my take is that Sydney is positioning itself to go short. Happened yesterday, and I will look for a short position when PA dictates that the bears are taking over. Will keep a tight stop loss though, possibly looking for price to hit ...

EURUSD

European news coming out in less than half an hour might be the nail to drive this thing down. If it's good news, I'm closing my position.

EURUSD

Well, I hope you're wrong. Sorry.

EURUSD

I still believe the Europeans won't believe their luck when their session opens, and will short this move to death and keep it in range. Hopefully I'm right.

EURUSD

Well, took out a +20 profit on the last short. Re-entered another short at 1.2710.

EURUSD

Short at 1.2715. If this becomes a losing trade, I really don't know how what else to do today. Will call it a day if this turns against me.

EURUSD

AK4X, When you said you reentered at 2656, I'm assuming that it's a short right? Because of the strong resistance at 2.660.

EURUSD