I would guess it has to do with the snap of the daily trend line from 9/3 to 10/1

EURUSD

Don't get greedy - protect your profit....

EURUSD

Shouldn't be a surprise, though. Long term trend is up and the market has been building a bull flag all day on the 5M (albeit a nasty looking one).

EURUSD

Diagonal line. A trendline of tops or bottoms. Price-action-specified lines of support/resistance.

EURUSD

We're a long way from this turning into a full-blown bull party — We just broke the most recent trendline with the last run down, though (check the 5M). SORRY....MEANT BEAR PARTY!!! LOL

EURUSD

Long term I think it to be likely....short term, dunno...

EURUSD

Looks like you may get your wish.....drawing close to the support level, and there isn't any news to save it....in fact, the USD news will likely be more "blah, blah, blah, strong dollar, blah", which thus far the market seems to moderately buy ...

EURUSD

I wouldn't count on 1.4910 holding...but we'll see...

EURUSD

Ahem...Channeling a conversation at Goldman — "So is everybody on board for a ride up to 1.5000? GREAT! We've covered our longs, so let's take it down now...."

EURUSD

Nice, tradable movements for a Asian session..a Sunday night one, at that....

EURUSD

You just nailed what I personally think is the key. Goals are great if you can stick to your trading strategy, if you don't try to force trades that you really shouldn't take just to meet a goal. And, this is even more important if one is trading ...

EURUSD

Sometimes you have to close and restart MT4 before it will recognize the indi, if the indi is saved to the indicators folder while the platform is open.

EURUSD

I'm far better coding EAs than I am at indis, but I'll be happy to take a look. Drop me a PM with the details...

EURUSD

The higher timeframe scenario I'm watching to see kick off of a downtrend is (1) a break of the 10/2 low and 10/11 low trendline on the 4H, (2) a break of the 9/3 low and 10/1 low trendline on the Daily, and (3) 1.4480 low being taken out. We'll ...

EURUSD

I'm definately not an expert on currency correlations and triangulation. Some use equations in order to extrapolate values....I've seen a few posted around here. Correlations do, however, break down from time to time...and can yield some nice ...

EURUSD

Yeah...but look at what USDJPY is doing....

EURUSD

I'm curious. What makes you think 1.5 is not achievable?

EURUSD

True...but it's a Friday...anything can happen. But, I think we'll be seeing it eventually....we'll see.

EURUSD

For long term, absolutely. But I've been holding them for months. Only way I'll be unloading them is if I see a full blown reversal point.

EURUSD

Yeah, I took my profit and ran. I don't think we can say the run downward is over. Either way, I'm watching for a clear trend in either direction.

EURUSD