EURUSD - I have changed my medium term bias to short side. Yesterday we broke away from previous medium term Value Area (VA) and broke below 1,3300 with a single print.
Yesterday´s daily VA was established lower which made me change my medium and short term bias to short side. I am waiting for price to get into 1,3280-1,3300 resistance and will look for short trade there.
EURUSD - I have posted new video analysis on EURUSD.
Check it at 2013 09 03 Forex EURUSD Market Profile Price Action analysis - YouTube
EURUSD - Friday´s data did not bring continuation of downside move. There is poor high at las week´s high. I consider it healthy to be tested, before continuation of downside move continues. I see sideways move as more likely for today, but I do not rule out bigger correction all the way to 1,3300.
I still maintain my medium / long term view that 1,3000 - 1,2900 area should be tested.
I currently hold long position with target at 1,3210. If target is reached I will wait for test of last week´s high and then look for signal to enter into short position at one of the resistances highlighted in the attached picture.
EURUSD - we had a nice short squeeze during Monday US session. Yesterday, the short covering continued in my opinion.
I closed my long from Monday´s tweet. I tried to short from 1,3240, but closed the postion for a scratch, since value migrated higher.
At the moment I am long from 1,3261 and I expect test to 1,3300. I am still willing to short there, but I want good confirmation.
EURUSD - We have poor high from yesterday and also from today. There is also poor high from August 28. All these highs are candidates for a test and I expect price to test them.
I have short term bullish bias and hold long position. I consider it healthy for price to test at least into 1,3350 - 1,3360 area which I consider a good resistance. I will watch for signs of sellers there. If sellers do not enter there I would expect test above 1,3400 with 1,3420 another good resistance where big sellers could enter the market.
There is poor structure below current price so the risk for downside move is high. I still maintain my medium to longer term bearish bias with potential to test poor low around 1,3100 and 1,3000-1,2900 area of crazy overnight move after FOMC MM release.
I think medium terms we will stay on 1.3200 - 1.3450 range. Short term we should see some retracement to close the gap.
EURUSD not moving much in recent days. Might try a long from 1.3327 with tight stop. 1.3310-1.3300 is also interesting area. On resistance levels watching 1.3380-1.3400 zone.
Are your orders in ahead of the FOMC event? Or are you waiting for it to play out first?
Not doing anything since Monday. Waiting for big Ben tonight. For EURUSD I still maintain my medium to longer term bearish view with potential to test into 1,300 - 1,2900 area of ineffectivity.
We will know more tomorrow.
For happypip: I have no orders in the market prior to FOMC. I will wait for significant confirmation for my intended short. Not interested in longs at the moment
Usually I close all positions before major news. Sometimes just for fun I like to gamble with very small position.
EURUSD - I had to completely forget my bearish bias when Ben surprised the market last night.
I immediatelly took 2 long positions. I closed the first one few minutes ago and still hold the second one.
My bias is clearly bullish at least for few days. I will attempt to enter long again if I get pullback into support.
I also have a bullish bias. I think we might see a 1.3700 level (medium term target)
Looking to go long from 1.3500 , 1.3480-1.3460
Hello Scalptastic. I fully agree with your support levels. I just want to see some confirmation of buyers there. Other currency pairs have fully or partly reversed Wednesday´s “Bernanke” move yesterday, so there is risk for EURUSD to test below 3460.
Keeping my bullish bias intact. 1.3500, 1.3460-50 are my support levels.
On Resistance side looking 1.3580 and 1.3600
EURUSD - I took long on Friday after confirmation of buyers around 1,3500 level. Price did not bounce higher significantly. I put in stop loss before today´s macro news in Europe and was kicked out from the trade with a small profit.
Now I wait for another chance to open long position. I do not like today´s low so I will consider long around 1,3490 and 1,3460.
My view is pretty much the same as yesterday.
1.3480 , 1.3460-50 are Support levels and 1.3540-50 , 1.3580 and 1.3600 are Resistance levels to watch
1.3460-1.3450 remains key support level. 1.3500 , 1.3550 and 1.3580-1.3600 are resistance levels to watch
