Low 1.09x's looks likely to me. Here's why: Fed rumoured to raise rates = USD goes up (aka buy the rumor) Fed raises rates = USD goes up, "obviously" Of course they don't raise rates, so that's why USD will also go up more and EUR/USD will go to my ...

EURUSD

Do those "traders" have actually have a price they are willing to buy it at? I've heard 1.05 but I'm puzzled, wasn't 1.05 already visited twice? There may be technical reason to visit ~1.07 and some rumored QE related reason for lower levels but ...

EURUSD

If I read your question right, when I mentioned the 'final bottom' I had to revise that a day later as the order flow had changed (see the next comment or two after that). I mentioned there was bull trap setting up at 1.12 and it did drop quick ...

EURUSD

Last weekend I mentioned there was likely 2% size doji around 1.08. That was with expectation that no one tries to do breakout trades in a ranging market, below bear trap level (~1.096). So bears trapped yet again. EUR/AUD looks like a bit too ...

EURUSD

The day started very bullish on GBPNZD and I was thinking now there's a good trend to ride for a while but after some unexpected action I started to think maybe it was too good to be true. I closed much of my positions. No position is a position as ...

Cable Update (GBPUSD)

My thinking is doji-like movement that's around 2% from low to high with price currently near the center.

EURUSD

Maybe Goldman wants USD higher so the fed can then come up with another QE to bail the IMF that bails the euro system. There has been some comments that eur is too high for QE's. So maybe one more push toward 1.13 - 1.15 in next weeks and if Big ...

EURUSD

The later day action looked like usd was going higher. My guess is there's not that big of gap. It's possible the range will compress and then do false breaks unless the news is something really surprising. Last months high or low would need to be ...

EURUSD

Trendline drawn through 3 previous significant highs suggest big boys are sellers (unless something has changed) around 1.3-1.4 area. The way I trade means that price need to go there (this current move up is just that), check if the big boys are ...

EURUSD

I've mostly spent time studying on bottoms and tops. So by definition, if the bottom "is in", then there's no ifs and buts. People have sold, have stopped selling and are selling above. That's the definition of a bottom and news etc has no effect on ...

EURUSD

I think eur/usd is in middle of nowhere right now (or at resistance infact), as expected since it's friday. There appears to be bull trap ready to spring in order to crash it down back to 1.113. I looked at some other pairs. I'd have to correlate ...

EURUSD

4h is very clear that 1.113 will be visited. Possible problem: I don't see enough consolidation below the break for typical up move, which suggests next week could test 1.1 unless news make bears throw in the towel.

EURUSD

Well Soros made the news. For one.

EURUSD

Because the move is going in JPY pairs and eur usd has much less orders above, and the price has not touched 1.113 break, that is certainly possible (gap lower or go there on monday). I think from 1.13 we could go for another try at 1.10 and below, ...

EURUSD

Probable scenario for weekend is not really related to news. News are *always* too late. Real traders make the news, as some youtube video presenter told in rather uncharming way. Scenario: Assume bears keep holding bag. Assume some bulls cover for ...

EURUSD

Probably trying to test the trend line below ~0.746. Volume allows you to determine where the orders are. If the volume drops there's not enough orders there so that usually starts a reversal. Trendline with low volume near the bottoms suggest the ...

EURUSD

Good call. I made a comment within 5 minutes of the final bottom yesterday suggesting market makers throwing in the towel. Not hard to predict what happens when all retail trapped in the bear trap, then market makers got trapped with them. Price ...

EURUSD

My guess is 1.106 for sell. edit: hmm yeah doubt it'll make there.

EURUSD

Well actually now that I looked, that big green candle happened exactly on the hour.. I don't see any news at that time though.

EURUSD