EUR/USD Trading

[YES]

This is a perfect time for a long in my opinion on the eur.chf. I think the risk reward is stunning.

What do you think?

[YES]

I think the 1.60 level is going to be the magnet, and price is going to be the iron filings. What do you think!? :p

[extocapital]

The bias is for look fade there again today with stops above there at 1.2660 targeting 1.2500.

EURUSD continues to look heavy as it crept into that pivot zone between 1.2628/45. This still looks the important zone is located between the previous January low around 1.2628 and the initial May low and level from which the market slightly rallied at 1.2645. This is will be the real ‘T’ junction today if price fails here then I (analyst) think it could me and another visit to the lows in the high 1.24′s otherwise a break through and moves back to 1.2796 a possibility. The weekly closes were pretty EUR negative; the ’3 black crow’ candle formation on the weekly charts lies that momentum is still, for now, with the bears. The bears would need to place stop losses at 1.2660 on a downside target of 1.2397/2401, where as the bulls need to wait for a breaking into that 1.2660 level before going long to 1.2796.

[YES]

The EURUSD has enterted into an asymmetrical triangle. This should, technically give a direction for future price depending on what side of the triangle price breaks out from.

[YES]

My take profit at 1.27 was hit. I am going to go short at 1.27, with a take profit at the bottom of the triangle, the support should be around 1.26 or so, depending on when price gets down there.

See my chart, this is what I'm looking at.

[Davidee]

Nice chart, good luck on your next trade and thanks for sharing :)

[Jptrader]

Originally Posted by AshFX

Talk about & discuss current EUR/USD setups, charts, analysis here...

I know this is probably unrelated , but I really found this interesting the way they are calling gold higher. their point of view: inflationary

zerohedge.com/news/gold-coin-demand-h1-2012-shows-fundamentals-driving-current-demand

[YES]

Do you think the Cable will consolidate again towards 1.60: That's where I think it's heading now.

[YES]

I'm looking for another testing of 1.60 in the cable. Any opinions on this?

[YES]

I hear there are a bunch of sell orders at 1.30, however, I have heard that there are a lot more buy orders than the sell orders, therefore we should work ourselves up through 1.30 (Source:

http://www.fxfatcat.com

). Target 1.31, that's mine anyway.

[AdamFX]

My lines are: Support: 1.3150-40 and Resistance levels 1.3170 and 1.3200

[AdamFX]

EUR/USD 1.3150-40 Support zone is still valid. Next level to watch is 1.3125-15
1.3170-80 is my Resistance zone

[Pipsurfer]

EUR/USD levels still valid from yesterday

[Pipsurfer]

MY Chart for EURUSD.

[Pipsurfer]

EURUSD Support and Resistance zones

[Pipsurfer]

EURUSD Momentum remains positive but still in range.

[Pipsurfer]

Watching reaction on 1.3150-1.3200 zone

[tradingmarket]

Autumn is coming so prepare for a move in eur/usd. It's been so slow for the past 6 months that it's definitely have power to make a strong steady move in either direction. I think it'll shoot up but I still wait for a confirmation. A move to 1.35 can be a potential trend up to 1.45.

[orni308]

Euro might be on downward trend after ECB's rate cuts....

[FBS]

EUR/USD is trading above $1.3600. So far euro set high at $1.3621. Euro kept strengthening as investors pared bets for additional easing by the ECB ahead of the region’s inflation data due today at 10:00 GMT. The euro area’s unemployment rate will also be released at this time, while earlier we’ll hear of German retail sales at 07:00 GMT and French consumer spending at 07:45 GMT. A report released yesterday showed consumer prices in Germany, Europe’s largest economy, accelerated more than expected. No data out of the US today.

[FBS]

EUR/USD is trading just above $1.3600. In the euro area watch for Spanish and Italian Manufacturing PMIs due at 08:15 and 08:45 GMT (higher readings are expected) and in the US for ISM Manufacturing PMI due at 15:00 GMT (forecast 55.2 vs. previous 56.4).

[FBS]

US dollar holds well against Japanese yen and Canadian dollar, but made a dramatic fall versus British pound. Demand for safety of American currency declined before reports that may signal a global manufacturing pickup.

[orni308]

there is a surprise uptrend, but things might be very stable for a day or two.

[vic84]

The pair has made some significant move but federal reserve is going to make some announcement, which will decide pair's further move.

[Knaz]

I don't have a lots experience of trading with EUR/USD pair and with analizing in general. But even I can see, a decline is expected here.

[Knaz]

Some different reasons and the beginning of the trading week show that the price on current pair is going to rise promptly.

[ddeeen]

Originally Posted by orni308

there is a surprise uptrend, but things might be very stable for a day or two.

When it was going uptrend, i've gained more than 40pips in that moment guys.
I've make pending order in EUR/USD in Liteforex broker. About 2 hours, my target touched. Its very interesting.

[piplaser]

When the European market opens, some economic news will be released such as Spanish 10-y Bond Auction and German PPI m/m. The US will release the economic data too such as the Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, Philly Fed Manufacturing Index, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1172.

Strong Resistance:1.1166.

Original Resistance: 1.1155.

Inner Sell Area: 1.1144.

Target Inner Area: 1.1118.

Inner Buy Area: 1.1092.

Original Support: 1.1081.

Strong Support: 1.1070.

Breakout SELL Level: 1.1064.

[orni308]

EURUSD has been very turbulent during to the surge in world market, things might calm as the markets are getting back to normal.

[piplaser]

Overview:

Today, the pair rebounded from the the level of 1.1121 towards a top at 1.1177. So, the market moved about 56 pips this morning. However, we expect that the price of the EUR/USD pair is going to turn to a bearish bias from the level of 1.1189. The level of 1.1189 represents the weekly pivot point in the H1 chart. Also, it should be noticed that the range of the last week was narrow but formed a downtrend. Then, support will set at the level of 1.1048; and the double bottom is going to set at 1.1086. On the other hand, the resistance placed at the level of 1.1189. Accordingly, it will be a good sign to sell below 1.1189 with the first target of 1.1086 to test a minor support at this price (it represents the double bottom too). So, it will call for a downtrend in order to continue its bearish movement towards 1.1089 (first support). At the same time, the stop loss should be placed above 1.1200 at the level of 1.1231. Equally important, the support is seen at the level of 1.1048 level. Additionally, it should be noted that a range of about 152 pips is expected in coming days.

[piplaser]

The pair was pushed lower after breaking below major demand levels around 1.2100 and 1.2000 where historical bottoms were previously hit back in July 2012 and June 2010.


EUR/USD bears have already pushed the price slightly below the monthly demand level at 1.0550 (established in January 1997). Bullish recovery was expressed shortly after.

April's candlestick came as a bullish engulfing one. However, the next monthly candlesticks (May, June, July, and August) reflected the recent bearish rejection being expressed around 1.1450.

In the long term, a projection target will be still located at 0.9450 if a bearish breakdown of the monthly demand level at 1.0550 occurs soon.
Recently, evident bullish recovery was expressed after hitting the level of 1.0800. Since then, bulls have been trying to achieve an extensive bullish movement towards 1.1500 and 1.1700.

Multiple ascending bottoms were established around the levels of 1.0830 and 1.1020. These levels corresponded to the current daily uptrend depicted on the chart.

Extensive bullish pressure was applied until bearish resistance was expressed around the price level of 1.1700.

Recently, the market looked overbought as the bulls were pushing above the price level of 1.1500 (Daily Supply Level).

That is why, a bearish movement is taking place towards the price level of 1.1160 (61.8% Fibonacci level) which is being breached.

Daily persistence below the level of 1.1160 exposes the next demand levels around 1.0980 where the daily uptrend comes to meet the pair.

Conservative traders can have a valid buy entry anywhere around the zone of 1.0980-1.1000 (the depicted uptrend line).

S/L should be placed below 1.0950. T/P levels should be placed at 1.1080 and 1.1160.
On the other hand, a bullish corrective movement towards 1.1500 will take place only if May's 1-month high of 1.1465 gets breached.

This can be achieved if the current monthly candlestick closes above the weekly high (1.1465) by the end of this month.

[piplaser]

When the European market opens, economic news on the Italian Industrial Production m/m, French Industrial Production m/m, and French Gov Budget Balance is due to be released.The US will publish economic data about Wholesale Inventories m/m, and Import Prices m/m. So amid the reports. EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1339.

Strong Resistance:1.1333.

Original Resistance: 1.1322.

Inner Sell Area: 1.1311.

Target Inner Area: 1.1285.

Inner Buy Area: 1.1259.

Original Support: 1.1248.

Strong Support: 1.1237.

Breakout SELL Level: 1.1231.

[xtreamforex]

EUR/USD Analysis
Technical Analysis Overview:
Prev. Close 1.0980
Open 1.0980
Day’s Range 1.0962 - 1.0981
52 wk Range 1.0538 - 1.1616
1-Year Return - 0.34%

Support and Resistance:
Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0976 below which 1.0970 and 1.0965 could be tested. On the other side the immediate resistance 1.0987 and may go for further test 1.0992. A break beyond the last, doors will open for a test of 1.0998

[HBCBroker]

The technical analysis of pair EUR/USD (schedule - H1). The indicator MACD - is in a positive zone and supports purchases. The indicator stohastik - and while supports sales. The indicator RSI - supports purchases. Northern purposes: resistance-1 (1.0772), resistance-2 (1.0802), resistance-3 (1.0827). The southern purposes: support-1 (1.0733), support-2 (1.0708), support-3 (1.0681). The price bargains in the ascending channel, above sliding averages (ЕМА) with the periods (50,100,200).
The general result: I consider purchases.