Here is what happened today - technically: Previously, PA was stuck between the two weekly levels - 1.2640 and 1.2774 During the hysterical rush to 1.2880 earlier today that whole candle found itself outside of the Bollinger Band on the 1-hr chart - ...

EURUSD

It's some nonsense speech - at the opening of the European Cultural Days 2014 in Frankfurt, organized by ECB. blah-blah that has no speculative value unless someone asks Mario the right question

EURUSD

The daily R2 level is at 1.2817 - that's why it stopped a couple pips shy from there. There is nothing significant at 1.2825 - if it gets that far, most likely it will continue straight through

EURUSD

Weekly R1 (1.2775) must be cleared decisively for the bullish trend to materialize. Otherwise, EUR/USD will be stuck between the two weekly's (1.2640 at the bottom)

EURUSD

@Laasr, it might drop - that's why I use a stop-loss underneath the R1. However, it formed a nice triangle before going through R1, so the chances aren't on the casino side this time ;-) As for EUR/USD, closed my fresh long at break even, and closed ...

EURUSD

Nice break of daily R1 on EUR/GBP (see chart), I went long 2 pips above it. Running a fresh long on EUR/USD from 1.2668

EURUSD

Took profit at 1.2677 (on a stalled approach to the daily S).5 @1.2683), left minor long position to try for the daily PP (1.2709), although I don't see much immediate strength

EURUSD

@victoriajen, those are quite broad limits you quoted. the price is held between two weekly pivots now - 1.2646 and 1.2773 (see my chart above or weekly pivots on your chart)

EURUSD

@Miguel.N, interesting triangle observation Right now price action is tightly squeezed between the weekly pivot (1.2646) and the daily S1 (1.2657) It needs to break upwards to target 1.269x (middle of Bollinger Band) I have a long ...

EURUSD

Critical levels to watch during these hours and minutes: EUR/USD - 1.2646 (weekly pivot) USD/JPY - 106.80 (ascending weekly trendline) If broken, stop-losses will be triggered for strong rides down. If held, consolidation will continue. The best bet ...

EURUSD

The scenario worked out, yesterday euro weakness seems to be connected to USD/JPY (it was testing the trendline @106.80 at the time). There is a story on Blooberg about Japanese investors massively moving euro bond holdings into dollars. Someone ...

EURUSD

Levels to watch: Weekly R1 (WR1 on chart) @1.2773 - needs to be broken to consider a sustained northern correction. Daily pivot (now being tested) @1.2709. If holds, it's a positive sign for the bulls If broken, at least expect a consolidation ...

EURUSD

@Pip Warrior, well, usually, it is because those traders took positions against the breakout. Then, as a self-therapy, they post cheers for their decision My argument against this breakout - it's not USD weakness since all other majors stayed ...

EURUSD

It looks to me like a false breakout on low volume between the trading session. Especially because only EUR and JPY went up, while all other majors including GBP are dormant

EURUSD

So, the daily PP is now @1.2709, daily R0.5 is at 1.2754 I expect the correction to at least the mid-point between them, or few pips shy of the PP. The weekly R1 @1.2773 is the resistance level to watch on the way up.

EURUSD

1.2773 is the weekly R1 - should act as a wall to this sudden move at the closing of the U.S. session. I expect a correction towards the new daily PP (or R 0.5 at least)

EURUSD

video

What kind of music you hear while you trade?

Of course not today. 1.2638 is the daily S1, and 1.2646 is the weekly R1 - together they form a wall for the low-liquidity final hours of the week. Perfect for scalping shorts. By the same token, I shorted GBP/USD @1.6064 for guaranteed and free 12 ...

EURUSD

Especially when the coincide exactly with the weekly resistance level

EURUSD