Author Topic: EUR / USD (EURUSD) (Read 12279 times)

Senyor · « **Reply #300 on:** Feb 28, 2013, 05:14 PM »

February 28, 2013 Friday

EURUSD@1.3115
Long @ 1.3141
Leverage @.20 to .50centavos per point
Stop loss till margin collapses

Objective: Get wired and feel the correlation of capital flows from Euro US to PSE

Newbies: Stay away find a mentor before going live
Experts: Here we go again.

http://www.forexfactory.com/senyor

Global Markets March 2013 by ~ஜ۩۞۩ஜ~Senyor™~ஜ۩۞۩ஜ~, on Flickr

$100 to $500 is 20 Trading Days by ~ஜ۩۞۩ஜ~Senyor™~ஜ۩۞۩ஜ~, on Flickr

Prospera · « **Reply #301 on:** Mar 18, 2013, 07:03 AM »

Cyprus-induced Euro selling sends rate near $1.29
Sun, Mar 17 2013, 21:17 GMT | FXstreet.com

FXstreet.com (Barcelona) - The EUR/USD is under massive selling pressure at the early going of the Asia session, having breached significant intra-day demand levels to land at the 1.29 doorstep following last week's high at 1.3106, well protected supply area as per March 8 NFP sell-off reaction.

Despite Cyprus only represents a tiny little 0.2% of the entire Eurozone GDP, the sell-off is more about distrust towards European leaders, as the infamous decision to confiscate part of the bank deposit from Cypru's citizens as part of a new bailout tax. Panic selling has extended to the Euro, in a clear sign of fears for a potential outflow of capitals from the bloc's currency.

According to Adam Button, editor at Forexlive: "On Monday, the euro will fall on fears of line-ups at banks elsewhere in Europe with honest citizens draining accounts and terrified their country could be next."

He adds that "newscasts will broadcast sensational images at banks in Cyprus for the next few days but don’t tune in, instead watch for signs of panic elsewhere in Europe. If it doesn’t materialize, buy the dip in the euro."

On this kind of selling pressure, one should not let emotions take over, and as IFR analyst Andrew Spencer mentions on his early Asian comments, Tokyo players are likely to step in for some bargain hunting on crosses like EUR/JPY, which also fell off a cliff from 124.00 all the way down to 121.60. They also suggest that Cyprus news should be USD positive.

Looking at potential supply / demand levels in the EUR/USD, the key area to break on the downside remains 1.2875/80, where the last few buyers from within 1.2875-1.2935/40 demand-sensitive area are thought to be camped. Below that, the sky for USD bulls gets pretty clean until faced with 1.2730/1.2660 demand area. On the upside, there is a major gap that bargain hunters will try to fill up, with 1.2960/70 (triple bottom since March 1) ahead of 1.30 as tough areas to overcome.
EUR/USD Mar 17 at 22:58 GMT
1.2904/06 (-0.03%)
H1.2924 L 1.2895
S3 S2 S1 R1 R2 R3
1.2973 1.3006 1.3039 1.3147 1.3180 1.3213

Prospera · « **Reply #302 on:** Mar 20, 2013, 06:50 AM »

EUR/USD, more danger to the downside – FXWW
Tue, Mar 19 2013, 22:40 GMT | FXstreet.com

FXstreet.com (Barcelona) - EUR/USD is last at 1.2864, retracing from a spike higher during mid NY trade to 1.2924, and off previous weekly and fresh 4-month lows at 1.2842. The pair has resumed the downside started at the very weekly open, losing by now a -1.64% for the week. The SP500 also closed lower for the day by -0.24%, while US 10 year note yields fell to 1.92% from previous 1.96% as demand for safe havens piled up.

“Heavy selling by asset managers was the main story overnight in the EUR. The beginning of the year was marked by a big asset flow back into peripheral EZ debt as the market hoped to have seen the back of all EUR worries. The developments in Cyprus have frightened many people again and it’s little wonder to see the assets flowing out again,” noted FXWW founder Sean Lee, adding: “The USD and JPY have been the main winners but all EUR crosses have moved lower.”

“EUR/USD broke below important technical support at 1.2870, 50% retracement, daily lows, and 200-day MA,” the analyst expands, suggesting that: “Despite the fact that the market will close back above there, I still see more danger to the downside given the switch in asset flows. The next downside technical target is a big support level (weekly lows and 61.8%) at 1.2680. The chances of getting a gap closure back to 1.3050 are looking increasingly unlikely,” Sean concludes.
EUR/USD Mar 19 at 22:45 GMT
1.2862/63 (-0.05%)
H1.2873 L 1.2862
S3 S2 S1 R1 R2 R3
1.2855 1.2888 1.2920 1.3034 1.3067 1.3099

Prospera · « **Reply #303 on:** Apr 03, 2013, 09:09 AM »

EUR/USD: Heavy bids reported 1.2760/70
Wed, Apr 03 2013, 00:58 GMT | FXWW

By: Sean Lee

The flow guy informs me that there is plenty of EUR/USD buying interest between 1.2760/70 from Eastern Europe and the Middle East, who I can only presume are booking profits on existing shorts.

Real money funds are still being reported as the primary sellers, with asset managers getting out of their EZ investments.

cebuguy · « **Reply #304 on:** Apr 06, 2013, 12:45 PM »

Tips lang po, magtutuloy-tuloy po ba pataas ang Euro/USD?

ferrariEverest · « **Reply #305 on:** Apr 06, 2013, 04:42 PM »

bakit Sir, may open position ka jan?

mahirap sagutin yan. sa trading, dapat lagi ka gumawa ng constant evaluation. i-assess mo ang situations/events kung naaayon o hindi sa trade mo. yan ang gamiting mong factor, tapos take appropriate action/s

observe ka rin ng developments sa Eurozone

cebuguy · « **Reply #306 on:** Apr 08, 2013, 09:44 AM »

Quote from: ferrariEverest on Apr 06, 2013, 04:42 PM

bakit Sir, may open position ka jan?

mahirap sagutin yan. sa trading, dapat lagi ka gumawa ng constant evaluation. i-assess mo ang situations/events kung naaayon o hindi sa trade mo. yan ang gamiting mong factor, tapos take appropriate action/s

observe ka rin ng developments sa Eurozone

Oo nga eh meron akong naiwang position last thursday pa to.. kala ko baba pa ng tuloyan tapos biglang tumaas hangang friday. di ko naexit dahil naglagalag ako. hihintayin ko munang bumaba ng konti at pag nagretrace, exit ko na. makabawi man lang.

Prospera · « **Reply #307 on:** Apr 21, 2013, 08:41 PM »

The list below shows current trading positions for the EURUSD pair, as reported by fxstreet.com:

CONTRIBUTOR    DATE    ORDER    ENTRY    SL    TP1    TP2    TP3
Amplify Trading    Apr 19    SELL LMT    @1.3127    1.3145    1.3080    1.3061    -
Chartist    Apr 18    SELL LI    <1.3090    1.3200    -    -    -
Chifbaw LLC    Apr 17    SELL LMT    @1.3350    1.3400    1.3300    1.3150    1.2800
InnerFX    Apr 18    SELL LMT    @1.3100    1.3170    1.2850    -    -
Mind Vision Traders    Apr 18    BUY LMT    @1.2846    1.2814    1.2965    -    -
Mind Vision Traders    Apr 18    SELL LMT    @1.3238    1.3278    1.3017    -    -