Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

The recent ECB rate cut will bolster the Euro zone economy and will turn the current stabilization into some good growth. This will soften the euro versus the dollar in the near term. The strengthening US economy will further bring down the EUR/USD currency pair.

 

It appears that the long term indicators are bearish and there will be a downtrend.

Share this post


Link to post
Share on other sites

Technical Indicators: bearish on the near term; long term

 

The US inflation and factory numbers weren't that impressive and this was the main reason behind the rise in the EUR/USD currency pair today. This trend will obviously not continue. The US economy is strengthening even though the mixed bag of data we are getting suggests otherwise.

 

Moreover, there is the weakness in the Euro zone with GDP numbers missing estimates, etc and also the recent ECB rate cut. These are essential to bolster growth in the EU, but bad for the Euro.

Share this post


Link to post
Share on other sites

Euro should target the 1.2800 level on ending its recovery attempts. Support comes in at the 1.2750 level. On the upside, resistance resides at the 1.3060 level where a violation if seen will aim at the 1.3170 level. I believe EUR continues to retain its medium term downside bias despite some recovery attempts the last week.

Share this post


Link to post
Share on other sites

6/6/2013

 

 

The ECB will be the center of attention on Thursday, as the central bank releases the benchmark interest rate. No change is expected to the current level of 0.50%. Where things could get interesting is the press conference hosted by ECB head Mario Draghi. If Draghi hints at negative interest rates, we could see the euro lose ground. The ECB’s deposit rate currently stands at zero, and if the ECB decides to go lower, it would be the first central bank to introduce negative interest rates. Negative rates would be bad for the euro, as investors would likely look outside the Eurozone to get more attractive rates for their funds, rather than paying the ECB to hold their deposits.

Share this post


Link to post
Share on other sites

That was a turbulent week! Euro/usd bounced from 1.2940 and traded in a range between 1.3050 and 1.31. After the news touched 1.3306 just to close the week at 1.3218. i prefer to see the move of the pair at the start of the week and then open a new position

Share this post


Link to post
Share on other sites

if euro breaks above 1.3223, then it would keep moving up and may test its friday's high of 1.3280, breaking of which may result in showing thursday's high of 1.3303... the pair would remain bullish as long as it survives to move above 1.3140..

Share this post


Link to post
Share on other sites

It looks like the crisis in Turkey has no real effect on the price of euro, but someone has to be very carreful about the political developmets in nearby Greece and if they are heading into a new election, that will be a huge problem for the Euro

Share this post


Link to post
Share on other sites

EUR/USD is at a 4 month high. The pair peaked at 1.3390, just under 1.34 before closing at 1.3346. I am bearish on euro as the economic situation hasn’t improved, the crisis may bite this week with the discusion about elections in Greece.

Share this post


Link to post
Share on other sites

after the FOMC meeting minutes, the market gave an unexpected move where it followed its technical pattern that resulted in taking the pair towards a sharp fall against the U.S dollar.... even in the early hours of trading on Thursday, the pair lost further but then remained in range the whole day..

 

as for today, the euro couldn't break its resistance of 1.3260 from where sellers entered and took the pair down by around 90 points... currently the pair is at 1.3158... the pair seems to have exhausted where a rebound is expected from today's US session or from Monday...

Share this post


Link to post
Share on other sites

1.3100 was a strong resistance level and the price is moving down to 1.3050 now. I am also bearish for the next week on eur/usd. It seems the bulls are stil very weak to make some greater move..

Share this post


Link to post
Share on other sites

Yesterday EUR got Rise again in dmn high from 1.2709 to direct 1.3250. After publishing the News the amount of Buyer increased a lot and EUR turn back to its price. So many traders made huge profits that time and so many traders got loss money that time...

Share this post


Link to post
Share on other sites

I sure hope the Retail Sales will take it out of this ranging movement. I guess market participants are pretty puzzled about what the next move should be after that initial surge...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By jason.lee
      How to reduce eroding Forex slippages? Slippage is more likely to occur in times of higher volatility (perhaps due to market events) and it makes a market order at a specific price impossible to execute. Such times are when large orders are executed, when market orders are used and when there is not enough interest at the desired price level to keep the expected trade price. 

       
      Slippage is neither negative or positive movements, it is simply the difference between the expected purchase price and actual executed price. Since the corresponding securities are bought and sold at the most favorable price available, an order can result differently. In this situation, most forex dealers will execute the trade at the next best price.  In forex world, the market prices changes fast and the slippage happens in times of delay between the order placed and its completion. 

       
      Slippage is the difference between the expected filled price of a trade and the actual price filled. In other words, when your trade is executed at a worse price than requested, so it is “slipping” from the original order price. It happens between the time that a trader enters the trade and the time the trade is made. It can happen to everyone in any given trading market; stock, currency, or commodity.

       
      This may be caused by an ineffective broker, increased liquidity and fast market. The forex market is very liquid and there are limited amounts of slippage.

      Share your Idea Please
      Thanks!
    • By jason.lee
      Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry.
      Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why?
      So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market.
      The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader.
      Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone.
      What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time?
      How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now.
      You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.
    • By glimm
      Now - "Long"
      SL/TP - Fibo values

    • By stefan066vr
      I'm looking for a reliable forex signal service (better with pending orders), with real and transparent results, I would be happy if someone answered me ... thanks
    • By FXTechstrategyT
      EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure

  • Topics

  • Posts

    • EURUSD Holds Off Lower Prices With Eyes On 1.1263 Zone EURUSD holds off lower prices with eyes on 1,1263 zone as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD continues to threaten further upside pressure.  
    • Bollinger Bands stops is a trend following indicator. The green line indicates uptrend and red line indicates down trend. When price close above the red line, up trend begins. Buy Positions can be opened immediately or on a pull back to a support level in the new uptrend. The green line can be used as a stop loss. Similarly, when the red line appears, sell positions can be opened immediately or on pullback to resistance with the red line as stop loss.  This indicator works best in trending markets, in consolidating markets signals may be not effective. BollingerBands Stops.zip
    • Is the ZuluTrade App really secure? I read it gathers your personal info to be sold to data brokers.
    • Are you a gold trader? Are you planning to invest in gold? Are you looking to make profits from gold trading? If yes then get all profitable gold trading signals and strategies for 2019 - https://www.mmfsolutions.sg/services/xau-usd-signals
    • First, we need diligence to successfully implement any financial plan. In the example above, those with livestock are advised to carefully monitor the state and condition of their animals. If an animal becomes ill, it needs special care. Insufficient food or water for livestock requires immediate attention. A farmer with herds must look after his animals if they are to survive and the household is to prosper. How does this apply to those of us who aren’t farmers or ranchers? The fundamental lesson is that we cannot expect financial success by simply devising a plan and then blissfully ignoring the factors that affect it. Instead, we must know where, how and why we spend our money and what is happening with our assets. If we ignore this principle of diligently monitoring our finances, we will find ourselves making poor decisions and spending money we don’t have.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.