EUR/USD Trading

YES · #**101** (**permalink**) 07-09-2011, 10:23

Hi! First time poster but long time reader. Go easy on me! I'm a new poster but I'm a very seasoned trader. I'm getting sick and tired of this Eurozone contagion. One minute everything is dire, the next minute everybody seems to completely forget about the mess, yet in reality nothing has changed; just a mere focus!

With the SNB intervention and buying up of Euros, we have a strong player who will be underpinning the value of the Euro, therefore chances are we'll be ranging for a while from here.

YES · #**102** (**permalink**) 13-09-2011, 08:28

After the EUR/USD gapped down about 100 pips it's really struggled to take back ground; currently in the 1.35's. I think there will be a bounce from here and price will rise to 1.3838 where the previous support was, and from there, price will continue in its downwards trend.

The recent drop this morning is from the China Italy deal falling apart.

What do you think of that analysis, do you think it's sound?

YES · #**103** (**permalink**) 13-09-2011, 08:34

Infact....You look at the stochastics, on most figures, on the daily chart it is oversold, which historically has seen at least some kind of correction.

FXEQBDRE · #**104** (**permalink**) 26-10-2011, 15:56

I agree completely about the EUR/USD. It looks like traders overbought the USD, and every time it starts to drop, massive quantities of stop-loss trades raise the EUR/USD.

That said, the EUR is more stable than the USD. Although Greece is near default, so is California. California is also a much larger percent of the US economy than Greece is to the EZ. There are several states whos finances look as bad, or worse than the PIIGS. There is also a political determination by EZ members to keep the EZ intact. There was even a suggestion in ECB Trichets speech that the EZ starts a Finance Ministry that functions to keep individual countries finances intact, and has the power to control member states Fiscal policy, much as the ECB does for Monetary policy.

fxrecovery · #**105** (**permalink**) 21-11-2011, 11:37

hello all.
eur/usd is consolide around 1.3450 again... for today , it seems to stay consolide... i am not expecting any strong trends , Long or Short , within eorupe and then usa sessions.
regards.

Davidfx · #**106** (**permalink**) 09-01-2012, 13:13

The euro broke down the support at 1.285, and it is sliding downwards to 1.25. Pay attention to the stochastic oscillator, which indicates that the EUR is oversold and might correct-up any day.

MatijaScalres · #**107** (**permalink**) 16-01-2012, 01:16

There is bearish potential for a fall to 1.2579 while 1.2729 - 1.2781 resist. After this fall a recovery up to 1.2781 or 1.2833 is expected.

Cloud · #**108** (**permalink**) 17-01-2012, 23:04

Quote:

Originally Posted by MatijaScalres

There is bearish potential for a fall to 1.2579 while 1.2729 - 1.2781 resist. After this fall a recovery up to 1.2781 or 1.2833 is expected.

It also depends on the successful/failed bond actions in European countries ...

YES · #**109** (**permalink**) 06-03-2012, 12:03

Price has now broken through down the 1.3160 level. I am expecting price to retrace back up towards the 1.3160 level to retest this, with a rejection and a subsequent test of 1.30

YES · #**110** (**permalink**) 06-03-2012, 16:39

EUR/USD is heading down towards the 1.31 level. It looks very bearish at the moment but the stochastics are telling us it is very oversold. Expect bearish price action but be aware that there could be a fast and sudden retracement, especially off the 1.30 level.