Eurusd - direction for the day

[ilearn2t]

yuventius bhasyudewo se

Yes! I have a BuyLimit set at 1.2956 the area I believe the bullish (upward trend) might get me a few pips with less risk.

Good luck
ilearn2t

[bherjuno]

There was an unexpected spike in EUR/USD pair causing it to rose more than 100 pips within the last hour. I think it is because some news released. Now the market is calm down, I think the pair will resume its downtrend again.

[ilearn2t]

Hello bherjuno

Yes! it was 5 high impact reports from the US. If you check "History Center" under Volume it slowed down on the 19:00 1H bar.

Good luck
ilearn2t

[yuventius bhasyudewo se]

EURUSD not so strong enough to continued bearish trend after the lowest level 1.2967 became reversal point and pair moved up sharply to broke trend line and higher barrier level at 1.3144 it mean pair now in uptrend movement so better to put buy limit above lower barrier level to prepare bullish continuing

[ilearn2t]

Hello Everyone

Core CPI m/m US report due in 8 mins.

One to sit and wait.

Stay safe
ilearn2t

[ilearn2t]

Hello Everyone

The International Monetary Fund is expected to contribute just �13 billion ($17.07 billion) to a second Greek aid package worth �130 billion, leaving euro-zone governments to provide a much bigger share of funds than they did in the euro zone's three earlier bailouts.

Is it just me or does anyone else think the IMF is forcing a "Greece" default?

Safe trading
ilearn2t

[ilearn2t]

Hello everyone

Latest news I heard through the grapevine today .

The euro may rise to $1.3250 on Monday, where the 100-day moving average resides, if Greece manages to clinch the bailout funds and France manages to sell all of its bonds at a lower yield in a planned debt sale. France is expected to sell up to �1.2 billion of 238-day Treasury bills on 20 February. The previous sale on 30 January drew bids worth 3.81 times the amount of debt sold. In the greater scheme of things, the euro�s downward trajectory is expected to continue, with currency traders at UBS, the world�s third-biggest currency trader, forecasting a slide to $1.25 in EUR/USD in the next three months, and a drop to $1.14 in one year.


Do you think one or two of these experts read "My FXOpen journal" thread posted as far back as 17/Dec/2011

Hello xxxxx

"Long term" over the coming year I would predict the EURUSD to drop to a 6 year low 1.1600.

Good luck
ilearn2t

[haniam]

Be vigilant trading this Monday, as the US dealers are on vacation for the president day and many false breakouts may happen. EURUSD main close resistance around 1.3216

[ilearn2t]

Hello haniam

I think the days when the US or GB moved the markets are over for a while, while all eyes are focused on the Euro zone, Greece's cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro ($171 billion) rescue package, raising the chances of a deal next week to avert a chaotic default on its debt.

I typed in bold "chaotic default" because sooner or later it will come to this, and depending on the final outcome to the Greek problem, will have a major impact on the EUR/USD, but as you see and I posted earlier in the forum, because of the Greek cabinet decision, this could effect the EUR/USD in the short term as traders might see this as a good sign.

But the Greek problem is not the only thing going on in the Euro zone, just most traders forget quick once any swing begins:

Anyone remember "Ireland", "Spain", "Italy" or even "Portugal" ????

If at the end of the day a trader is worried about this pair, or his/her Risk Management is to large on this pair move to a less risk/profit/loss ratio pair.

Good luck
ilearn2t

[RahmanSL]

Hi ilearn2t & hanaim,

You are right about the EUR/USD did rise to 1.323 levels on Asian session.

However, I don't believe the levels will hold and the pair makes great for scalping "short" on the rise

For those intending to scalp this pair on "shorts", make sure you have plenty of free margin for the rise to 1.33 and possibly higher levels....or just wait for these higher levels before entering market.

For me, I take short positions at every 5pips or so rise and close out every 5 pips or so on retracement.

[ngepet dolar euro]

Will continues this bullish momentum or just for short term than euro will bearish again

[Dominator]

E/U Still ranging n w8 the result of second bailout for Greece, i think it is better to w8 for entry or if not u can scalp it like rahmansl said b4.

[haniam]

EURUSD has gone for a while over 1.3216 level, but it is now back under 1.32.
Market is seen as being bullish on expectation of good news from the greek debt.
Traders are on the bid side, mainly around 1.315 targeting 1.323, 1.325, 1.3315 with stops under 1.3118

[yuventius bhasyudewo se]

EURUSD still in consolidation area after rally several hundreds pip and make new low 1.2970 and moved up sharply touched 1.3242 as higher barrier level so if pair successfully break above this barrier it became strong bullish trend continuing and if pair successfully break below 1.3163 it became strong bearish movement

[janknoah]

this pair is in an uptrend, there still be more by, open buy above 1.3250 and target 1.3320, set stop loss at 50pips below your entry.
happy pips