EURUSD Discussions

[Vinayak 10]

The recent ECB rate cut will bolster the Euro zone economy and will turn the current stabilization into some good growth. This will soften the euro versus the dollar in the near term. The strengthening US economy will further bring down the EUR/USD currency pair.

 

It appears that the long term indicators are bearish and there will be a downtrend.

[Vinayak 10]

EUR/USD bearish after latest financial news: http://www.traderslaboratory.com/forums/market-analysis/15950-bloomberg-updates-9.html#post180085

 

This downtrend should persist through the trading day.

[Vinayak 10]

Technical Indicators: bearish on the near term; long term

 

The US inflation and factory numbers weren't that impressive and this was the main reason behind the rise in the EUR/USD currency pair today. This trend will obviously not continue. The US economy is strengthening even though the mixed bag of data we are getting suggests otherwise.

 

Moreover, there is the weakness in the Euro zone with GDP numbers missing estimates, etc and also the recent ECB rate cut. These are essential to bolster growth in the EU, but bad for the Euro.

[ntrader 10]

It looks like the euro will hit again 1.3750 and test how strong is this support line

[ntrader 10]

Euro should target the 1.2800 level on ending its recovery attempts. Support comes in at the 1.2750 level. On the upside, resistance resides at the 1.3060 level where a violation if seen will aim at the 1.3170 level. I believe EUR continues to retain its medium term downside bias despite some recovery attempts the last week.

[Mysticforex 13]

6/6/2013

 

 

The ECB will be the center of attention on Thursday, as the central bank releases the benchmark interest rate. No change is expected to the current level of 0.50%. Where things could get interesting is the press conference hosted by ECB head Mario Draghi. If Draghi hints at negative interest rates, we could see the euro lose ground. The ECB’s deposit rate currently stands at zero, and if the ECB decides to go lower, it would be the first central bank to introduce negative interest rates. Negative rates would be bad for the euro, as investors would likely look outside the Eurozone to get more attractive rates for their funds, rather than paying the ECB to hold their deposits.

[ntrader 10]

That was a turbulent week! Euro/usd bounced from 1.2940 and traded in a range between 1.3050 and 1.31. After the news touched 1.3306 just to close the week at 1.3218. i prefer to see the move of the pair at the start of the week and then open a new position

[MaksymGra 10]

Will whole NSA/PRISM scandal affect EURUSD in the longterm?

[Ammeo 10]

if euro breaks above 1.3223, then it would keep moving up and may test its friday's high of 1.3280, breaking of which may result in showing thursday's high of 1.3303... the pair would remain bullish as long as it survives to move above 1.3140..

[Mysticforex 13]

What effect if any will the problems in Turkey have on the Euro ?

I realize that Turkey does not use the Euro, but they are an important N.A.T.O. ally.

[ntrader 10]

It looks like the crisis in Turkey has no real effect on the price of euro, but someone has to be very carreful about the political developmets in nearby Greece and if they are heading into a new election, that will be a huge problem for the Euro

[ntrader 10]

EUR/USD is at a 4 month high. The pair peaked at 1.3390, just under 1.34 before closing at 1.3346. I am bearish on euro as the economic situation hasn’t improved, the crisis may bite this week with the discusion about elections in Greece.

[MaksymGra 10]

What are your predictions for this week?

[ntrader 10]

For next week i am expecting the pressure that started on euro to hold onto the coming week. The political turbulence in Greece it will help. I can see it hitting 1.30

[Ammeo 10]

after the FOMC meeting minutes, the market gave an unexpected move where it followed its technical pattern that resulted in taking the pair towards a sharp fall against the U.S dollar.... even in the early hours of trading on Thursday, the pair lost further but then remained in range the whole day..

 

as for today, the euro couldn't break its resistance of 1.3260 from where sellers entered and took the pair down by around 90 points... currently the pair is at 1.3158... the pair seems to have exhausted where a rebound is expected from today's US session or from Monday...

[ntrader 10]

Neutral for the upcoming week on eur/usd. Short above 1.32, long below 1.28

[Ammeo 10]

1.3100 was a strong resistance level and the price is moving down to 1.3050 now. I am also bearish for the next week on eur/usd. It seems the bulls are stil very weak to make some greater move..

[ntrader 10]

1.2770 wiil be the first target for the week

[tradingwizzard 10]

I'm kind of looking for a bounce from these levels to about 1.3100

[ntrader 10]

A quiet start foe the eur/usd a long position with stop loss it looks like a good idea

[Ammeo 10]

Yesterday EUR got Rise again in dmn high from 1.2709 to direct 1.3250. After publishing the News the amount of Buyer increased a lot and EUR turn back to its price. So many traders made huge profits that time and so many traders got loss money that time...

[tradingwizzard 10]

I'm kind of looking for a bounce from these levels to about 1.3100

 

well, a bounce it was indeed :doh:

[ntrader 10]

Neutral mood for the start of the week. I wiil open a short position above 1.3168 without a stop loss..

[Ammeo 10]

I sure hope the Retail Sales will take it out of this ranging movement. I guess market participants are pretty puzzled about what the next move should be after that initial surge...

[ntrader 10]

The dollar slid 1.8 percent this week to $1.3067 per euro, the biggest decline since the five days ended Jan. 11.