Re: EUR/USD

551
thiru wrote: Mon Jul 22, 2019 6:43 pm
:) :)
Looks like you are really frustrated. Just looked at the chart and for nearly 186 days its in sideways !!!

Well, tomorrow is one of the d-day and with the new British PM, sure you may see some movement. But I have a strong feeling, the real movement will be in September after the Brexit (if that ever happens).

At the moment, the pair that really moves is GBPNZD, no idea why but that's what I see on the chart. !!!
Exactly!
You are not wrong there man, GBPNZD is such a good pair for volatility this year and even shows in this chart: List of the most Volatility Currency Pairs 2019 :)

Are you trading EUR/USD this week?
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Re: EUR/USD

552
ChuChu Rocket wrote: Mon Jul 22, 2019 7:36 pm Exactly!
You are not wrong there man, GBPNZD is such a good pair for volatility this year and even shows in this chart: List of the most Volatility Currency Pairs 2019 :)

Are you trading EUR/USD this week?
No rocket :) .. I'm still a young trader (not by age). The last attempt, I spent a year and then quit.. after 5 months back again. :) lets see how it goes this time.

My trades are very small in size. But hope to reach a serious level one day :)

at the moment not particular about a pair (difficult to keep up with the fundamentals), so focusing on short terms only

but GPBNZD is really good.

Keep posting about the fundamentals.. really interesting and thanks

EURUSD Technical Analysis: Rising odds for a new visit to 1.1181/76

554
EUR/USD Technical Analysis: Rising odds for a new visit to 1.1181/76

  • EUR/USD is losing further ground during the first half of the week and is now threatening to test the key contention band at 1.1181/76.
  • A break below this support region should pave the way for a test of 2019 lows in the 1.1100 neighbourhood.
  • In the meantime, the pair needs to regain recent highs in the 1.1280/90 band to mitigate downside pressure and attempt a test of the critical barrier in the 200-day SMA at 1.1313.

EUR/USD daily chart

Source: https://www.fxstreet.com/news/eur-usd-t ... 1907230759
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EURUSD hits fresh 2-yr lows

556
mlawson71 wrote: Wed Jul 24, 2019 1:42 am EUR/USD finally continued moving south. I think we'll see it depreciate towards 1.1100.
It's a disaster for EURUSD bulls :(

German flash manufacturing PMI slips to 43.1 in July, EUR/USD hits fresh 2-yr lows


German manufacturing activity recorded the worst performance in seven years in the month of July, the latest manufacturing activity report from IHS/Markit research showed this Wednesday.

The German manufacturing purchasing managers index (PMI) arrived at 43.1 versus 45.0 expected and 45.2 previous. Meanwhile, services PMI hit a two-month low level of 55.4 as against previous months reading of 55.8 and 55.3 anticipated.

The IHS Markit Flash Germany Composite Output Index came in at 4-month lows of 51.4 in July vs. June’s 52.6 and 52.3 expectations.

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/german-fl ... 1907240733 (Article)
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Re: EURUSD hits fresh 2-yr lows

557
ChuChu Rocket wrote: Wed Jul 24, 2019 5:38 pm
It's a disaster for EURUSD bulls :(

German flash manufacturing PMI slips to 43.1 in July, EUR/USD hits fresh 2-yr lows


EURUSD-Hits-2-year-low-24-July-2019.png


German manufacturing activity recorded the worst performance in seven years in the month of July, the latest manufacturing activity report from IHS/Markit research showed this Wednesday.

The German manufacturing purchasing managers index (PMI) arrived at 43.1 versus 45.0 expected and 45.2 previous. Meanwhile, services PMI hit a two-month low level of 55.4 as against previous months reading of 55.8 and 55.3 anticipated.

The IHS Markit Flash Germany Composite Output Index came in at 4-month lows of 51.4 in July vs. June’s 52.6 and 52.3 expectations.

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/german-fl ... 1907240733 (Article)
I'm bearish for a change, but I am debating whether I should be keeping the short open or close it, profit and then open another short if or when it breaks out below 1.1100.

Chart: EURUSD Looks neutral near term

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mlawson71 wrote: Fri Jul 26, 2019 2:25 am The pair dropped to 1.1100 after the fundamentals but then bounced off from that level and we're left with another whipsaw, as usual.
Yep, that didn't last long. Stops were shredded to pieces!

EUR/USD Technical Analysis: Looks neutral near term. A drop below 1.1100 cannot be ruled out

  • EUR/USD remains under pressure following the ECB event and is expected to keep the cautious/consolidative stance for the next weeks.
  • The pair clinched fresh 2019 lows just above the 1.1100 handle although sellers were unable to drag it lower.
  • While further consolidation is thus expected, a test of sub-1.1100 levels should not be ruled out either for the time being.


EURUSD Daily Chart




Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-t ... 1907260836 (Article)
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