I gave two good clues this week for trading this pair.
I pointed out 1.27 as the midpoint of 1.25-1.29 and a pivotal bias setting level + potential support as it was making a run at it Wednesday when the low was 1.2706
I have been pointing out 1.29-1.30 as the tough zone and it never really made a serious run at it after the high set at 1.2887 on Tuesday. I also showed my side as long as it did not get above 1.2850.
Then all you needed to do today was take a cue from 1.28 and John guided you to the daily pivot.
I hope my charts are of help painting the picture as this is what I use to trade.
GVI Forex Jay Meisler 13:27:46 GMT - 10/17/2014
One hour chart - note the line drawn at 1.2845 and how it held...
Mtl JP 12:27:45 GMT - 10/17/2014
Chris 12:21 round number at 1.30 is good one
London Chris 12:21:37 GMT - 10/17/2014
It would be nice to have access to an order book to see whether there are stops overhead.
Mtl JP 12:21:13 GMT - 10/17/2014
euryen is an alternative trade consideration
Mtl JP 12:14:24 GMT - 10/17/2014
Jay I currently only have a up bias, so no for me.
GVI Forex Jay Meisler 12:09:44 GMT - 10/17/2014
JP, would a move below the pivot reverse that view?
Mtl JP 12:08:07 GMT - 10/17/2014
Res 3 1.2998 = Traget
Res 2 1.2921
Res 1 1.2859 Price: 1.2825
Pivot 1.2782 = Support
-
Bottom Line
bias is UP and preferable trade side is long
GVI Forex Jay Meisler 12:02:20 GMT - 10/17/2014
4 hour chart - same levels on top
1.28 will set the tone going forwards
GVI Forex Jay Meisler 00:43:23 GMT - 10/17/2014
4 hour chart- see key levels above 1.2850 and why 1.29-1.30 is the tough zone
GVI Forex Jay Meisler 20:18:47 GMT - 10/16/2014
EURUSD Entry: Target: Stop:
This currency has printed a big figure for 17 days in a row. As long as this pattern continues, pick out the big figure (e.g. 1.27, 1.28, etc) and it show you the risk.
This may sound confusing but is a good way to make an educated guess where the currency may be headed.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Are you
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.
We are starting an affiliate program to market some of our products.