Yup, I got faked out. We are going down. Probably to at least 1.23 retest Edit: Absolutely ridiculous!! Are you kidding me??? moral of story, trust your gut when your gut is often right.

EurAnalysis

Close short for +5, charts are telling me they aren't done yet (a move above an EMA I am following) edit: i don't like when what my gut and charts are telling me are different so when in doubt stay out

EurAnalysis

Excellent analysis thank you.

EurAnalysis

I just meant by the lack of volume on the dip buying off that last faded rally RSIs are a little high so upward movement will be slow and limited I'm thinking... At least until the fireworks later

EurAnalysis

Feels to me like the bulls are giving up. shorted 2327 tight stop incase going to 2400

EurAnalysis

E/U 4hr Made the chart more clear with only the main fib retracement from 1.49 May 2011

EurAnalysis

NZD is so unbelievably strong. I can't even imagine what it will do when USD goes bearish again Edit: Sorry, forgot this is EurAnalysis

EurAnalysis

Yes that channel bottom is holding so far. Bounced off it perfectly at 2280 Would paint a nice double top at the trendline resistance from 1.3280 if a retest of 1.24 happened. Wouldn't be surprised if they took out the stops there and brought it to ...

EurAnalysis

You know the dollar is weak when sell side volume on the Euro looks like the normal long side volume.

EurAnalysis

Monthly close below 2287, good news for shorts Took some off the table at 2288 though in anticipation of tomorrow. Also took some profit in Aussie at 1.0470 NZD/USD shorts doing nothing might dump this one soon and wait for 82 area On an unrelated ...

EurAnalysis

2328 triggered, 4hr bollinger band at 2340 and 88 fib of June retracement at 2343 So many bearish divergences yet still this thing goes up. I'm off to play some golf, good luck and green pips for everyone

EurAnalysis

Always a bearish day for the dollar before FOMC. Should have known. E/U 2287 short stopped out at 2304 Got some sell llimits 2328 and 2382 and big one at 2435

EurAnalysis

You are probably right I can see them taking out the stops at 2330 Hoping this holds... I expect at least a retest of 1.0440 sometime soon.. US data was nothing but a good way to fake out shorts. AUDUSD 5m

EurAnalysis

Yes there is maybe to 106 area. But the risk reward on the longside isn't there AT THIS MOMENT (for me anyway). We are overbought and have a daily bearish divergence (on CCI not RSI though which worries me a bit, I think RSI divergences are much ...

EurAnalysis

Good PMI and consumer confidence and a rallying Euro...makes sense... Im done can't trade markets like this successfully unless scalping Technicals and PA are also pointing down. Definitely can't trade when theres stealth intervention going on ...

EurAnalysis

Screw this volatility. I dont know who is selling and who is buying these dips. If my stop is taken out then I am done trying to go bearish for today and will wait for the monetary policy and unemployement numbers 1hr close above 2287 but my ...

EurAnalysis

My stop at 1.2304 just missed.. thankfully usually I have horrible luck with that. Then good PMIs and down we go again.

EurAnalysis

That's a good point, I never remember that. Probably wants to put a monthly close near 2287 Was looking like a head and shoulders on heavy volume but reversed on just as heavy volume.

EurAnalysis

lmao at Aussie. This thing always takes so long to roll over. There is no technical reason for buying it now and I am short from 105.30

EurAnalysis