Paused above 1.2609 and also below 1.2680 - chart is pretty clear
sd sf 08:00:02 GMT - 10/23/2014
you can see today was a bit different - in terms of how they traded it.
we got the jam down to 10-20 and now we are seeing where the top is
given the range has been 50 pips then 15-65 probably.
(this would have been much easier if Asia had done it first though)
london red 07:45:45 GMT - 10/23/2014
got short again at 50 stop abv flash high. if abv its doing 70-90. gap to 22 and reassess.
london red 07:06:02 GMT - 10/23/2014
if we dont do much of a retracement we could do some big downside today. historically candles/bars with minimal retracement tend to extend strongly to the opposite side. trigger below 18 for more, but beware consolidation thursday. often calm before the friday storm.
london red 06:57:56 GMT - 10/23/2014
just trying an outside hour here but needs to move thru 50 to have any chance of a bit of retracement. except everyone is looking to sell and thats the problem which is hampering any retracement. data starts shortly. more from germany later.
sd sf 05:47:05 GMT - 10/23/2014
over the last 2 days in this period of roughly the next 3 hours from now
we traded 1.2790/1.2840 we started around 1.2810 and bought for about 2.5 hours
yesterday we traded 1.2685/1.2740 and we bought for about 2.5 hours and we started around 1.2723
so about 50 points basically ... interesting if we can do 50 3 days in a row.
sd sf 02:30:04 GMT - 10/23/2014
$yen just seeing range t/p offers coming in now @31 32 .. not expecting much more in Asia on this one.
EUR drifting lower that is about all you can say about it.
GVI Forex00:54:39 GMT - 10/23/2014
EURUSD upside limited ahead of PMI reports.
1.2650 clearly sets bias (and currently resistance) while within 1.26-1.27. 1.2609-25 targeted while below it, then 1.2580
On top, 1.2680 blocks return to 1.27.
sd sf 19:07:10 GMT - 10/22/2014
it is probably worth while to stick around for a few hours and t/p into 1st move down to 20
with the idea to resell bounce to 12670 for 12570
I don't think many people in Asia will want to hold onto other peoples crappy positions for too long.
most likely if it goes 38 offered that would be enough for a small dump from here.
london red 19:00:32 GMT - 10/22/2014
sf, thanks. holding short at 86 and question for me is whether we get to see the trendline again tomorrow or even 86. coming up to the end of the session, we are going to trade partially in todays range tomorrow (high could be 50 70 86 2710) and its a question of can i get out and resell higher up (86-05) or is it going to drift to new lows in asia and test 2570 london am (euro pmis looming). pulling the stop down to just north of 70 makes some sense but gives up a good profit. if we see 25/26 before the close may well tempt me to cover but sitting short for now.
sd sf 18:42:27 GMT - 10/22/2014
being b/o models their targets are wider .. but looking at where their t/p sits is in the 1.2550-70 region .. which is why they are selling so low now I suppose.
$yen bids coming in @ 12/14/16 .. but I only expect 05-35 range for now till we see what happens in EUR
as EURYEN may suffer for a while as well... if this eur does break down.
sd sf 18:35:16 GMT - 10/22/2014
breakout models who sold @1.2768 are selling again @1.2655
would not surprise me to see 1.2610-20 on stops.. have to get above 70 to ease the pressure.
GVI Forex Jay Meisler 18:27:24 GMT - 10/22/2014
Notice how the overnight low (1,.2680) became resistance and kept the risk on the downside.
Miami JN 16:21:42 GMT - 10/22/2014
The market is more fun when it is dumping the usd.
The market is more easily explained when it is dumping the euro.
GVI Forex Jay Meisler 16:17:11 GMT - 10/22/2014
Low bid I show is 1.2647
GVI Forex Jay Meisler 13:37 GMT 10/22/2014 - My Profile
1.2648 = 61.8% of 1.2500-1.2887
GVI Forex john 13:42:26 GMT - 10/22/2014
Re: 1.2680-00 neutral zone
reinforcing the bottom of that range is
Pivot Support #1 at 1.2679
GVI Forex Jay Meisler 13:37:51 GMT - 10/22/2014
1.2648 = 61.8% of 1.2500-1.2887
GVI Forex13:33:25 GMT - 10/22/2014
1.2680-00 is the neutral zone (5 min chart)
Mtl JP 13:29:37 GMT - 10/22/2014
instead of just weaken lets really weaken it ... to 0.0
GVI Forex13:27:24 GMT - 10/22/2014
09:25 (FR) France PM Valls: Welcomes steps by ECB to weaken Euro -
NY JM 12:51:33 GMT - 10/22/2014
1.2680-00 is a no man's land
Below 1.2680 puts risk on 1.2609-25
On upside, 1.2700+ would be needed to slow the risk.
london red 12:38:43 GMT - 10/22/2014
No pop JP have to do it the hard way on rebound. 12686 now becomes res and they wont close abv trendline if euro to fall so stop abv 02/05. Tgts 2540/70 last line in sand for euro.
Mtl JP 12:22:59 GMT - 10/22/2014
Res 1 1.2803
Sup 1 1.2679
I will be selling eurdlr pop towards R1 IF seen
GVI Forex Jay Meisler 12:20:27 GMT - 10/22/2014
EURUSD one hour chart with key levels
Tallinn viies 07:13:57 GMT - 10/22/2014
1,2625/30 target today. most likely 1,2740/45 contains all upmoves. if not then 1,2785 should be max today.
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