I have been watching Eurusd today and it seems like there is very little activity. Small candles and no strong direction. I’m just wondering what everyone else is seeing.
Today is USA’s President’s Day, and thus is a Bank Holiday. No activity.
DOH! I knew I was missing something. I grabbed 15 pips about 9:30 this morning and stayed out the rest of the day.
Ok bank holiday aside- what are the possible direction it may take later tonight? seems like 1.2825 is the resistance for now…
I get 21pip today…
I wasn’t aware of that “president day thing”!
On forexfactory.com my filter show only orange and red news…
“Bank Holiday” was in white.
It was a longggggg boring day. Hated it.
Anyways, now, at least, I know why the market didn’t move at all.
…
Good night!
Anyone notice how today’s 1.2825 closed the weekend gapdown from Friday’s 1.2823?? By 2 measley pips!
Potaire
Personally I’m watching to go short when I see a good move in that direction. I’m not going to enter though until something actually happens, which might be tomarrow when the london market opens maybe?
Hmm… I prefer going long but not before I see some action. May be wait till later when it drops to a 1.2770-1.2760 level.
long here @1.2660 for t/p at 1.2725 
some good economic news from euro zone (german ZEW) --I guess bounce possible for E/U-I am going long at 1.2620.
Also, another 1 long lot to be opened if it falls to sub 1.26 levels at about 1.2575-1.2550
Anyone else think it is a sane idea??
t/p not sure-but in periphery of 1.2700,methinks
TEX
1.2808 to 1.2583…
what a big drop…
so, what are you all planning to do now?
This is no advice for anyone-just my situation and thoughts…
I have 3 lots long strewn between 1.2525 and 1.2680
I believe 1.2500 is a important support and will not be broken.
I am putting a t/p at 1.2700 and no s/l. I have small positions so I am not worried unless e/u falls to 1.1900 levels.
This has been a very educational move personally for me.
Hope best for all!
my opinion is the only long on the euro is with tight stops and a close eye. we are in a down trend and remain there until were not and thats a far cry north of where we are. i think the bounce that will be substantial is in the 2350 area. the trend is your friend so long without a stop…hmmm not i.
jon
Trend is definitely ones friend but I cannot decide if the trend has ended or not-only time will tell.
As for the stops, well I don’t use stops usually (mental stops yes but not the automatic ones) Not using stops is compensated by very small positions and smaller t/ps.
Euro/USD
On the last day Euro/USD decrease a bit and lastly touches the point 1.2872, after that the value of the currency pair to 1.2948 and closed itself at 1.2923. Previous week the European money made an important upward change on the daily analysis but has stopped in the overbought area, which is a signal of potentially descending movement once the price approaches the 1.2990 resistance.
Resistance levels: 1.2990 1.3100 1.3225
Support levels: 1.2820 1.2740 1.2635
Trading range: 1.2920 - 1.2855
Trend: Downward
Sell at 1.2907 SL 1.2937 TP 1.2867
See today’s levels
One way trade today suggests a lot of volume.
Resistance 3: 1.3650
Resistance 2: 1.3580
Resistance 1: 1.3500
Latest New York: 1.3451
Support 1: 1.2850
Support 2: 1.2720
Support 3: 1.2680