OMG Petea, THAT song…
and
THIS thread!!!
Lol, going to try yet gain, not if it falls below x then it’s down but on the other hand if it goes up then it’s going up…
Lot’s of talk about a bottom on USD, but has the red line hasn’t yet been breached to the upside USDX daily.
And likewise when it came to the test on EURX, it’s red line held - for now.
So until then Yazz rules 
@peterma , yes there was strong volume on CME’s Euro futures today, buying volume that is, but then yesterday there
was strong selling volume too (following several days also of strong selling volume)… Yet the selling volume yesterday
did not result in a strong price move, so in a way the 1.22 area still holds as support.
The USD is unmotivated to move much either way, and is historically oversold (if you can use that term in this example)
so indeed ‘the only way is up’ would be nice and proper but the fundamental push seems lacking.
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in the long run Pipme you wont be happy with the long, trading doesnt require that much thinking. forget vol, and oversold?!? that only can possibly occur in the MOMENT, not at an isolated point in time.
And when price is going down NOW then its oversold now, simply because it is the imbalance in the volumne of buy orders and sell orders NOW, in the moment. Sorry isolated periods of time that are past are meaningless!
Understand whats happening, when you buy at market at the ask, thats the LP selling to you there, if they are selling why do you want to be buying?
the only way is to go up so we can fade/short 1.2420 for the return back down into yeppers 1.19. if you are dreaming of new highs wake up! (surely you are dreaming)
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Thanks but I wouldn’t touch EurUsd with a bargepole and have no ‘dreams’ about it either way.
I was making conversation.
Anyway, thanks.
Ps: read this
just out of interest 
Anyway,each to their own
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however managed to close within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2346 (resistance), the 10-day moving average at 1.2325 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 50-day moving average that should act as dynamic resistance however closed above the 10-day moving average and is still trading above the 200-day moving average both should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (resistance), the 10-day moving average at 1.2321 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The pair broke out above 1.2350 - 1.2360 and it will likely continue rising. Next target is probably at 1.2400.
Long set… at 2420
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There is no important data release on Monday, Eur/Usd will likely continue its consolidation, but the risk remains on the upside. Resistance level can be found at 1.2390/1.2400.
On the last Friday’s session, the EURUSD rose with a narrow range and closed near the high of the day, in addition managed to close within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (resistance), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
EUR/USD is very bullish for now. It’s at 1.2450 and it will likely break out above that level to continue rising towards 1.2500 or even towards the last high at 1.2555.
Hmmm… a bullish move on a quiet Monday…a sound I hear.
Someone talking…it’s the bull’s friend, Mr Weidmann in Austria.
Well said Jens Weidmann - now will they make you the next ECB President on Nov1 2019?
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Friday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily support at 1.2432, a key level at 1.2367 (support), the 50-day moving average at 1.2344 (support), the 10-day moving average at 1.2323 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
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The pair is rising again after the bounce from 1.2475 and it will likely test that level once again in the next few days.
EUR/USD is back above 1.24 hurdle. Now bulls are eyeing 1.2445.
On yesterday session, the EURUSD went back and forward without any clear direction, but managed to close near the low of the day, however closed within Mondays’ range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2510, a daily resistance at 1.2432, a key level at 1.2367 (support), the 10-day moving average at 1.2348 (support), the 50-day moving average at 1.2345 (support), a daily support at 1.2287, a swing low at 1.2200 (support), and a key level at 1.2165 (support).
The move to the downside continues after all. The pair is at 1.2335 and if it breaks out below that level it will probably fall to 1.2300.
still long? it might go back to 1.2420, I hope so so I can add more shorts 