Comments on: EUR/USD: Interbank market turning bearish

By: Sean Lee

Sean Lee — Sun, 23 Jun 2013 20:55:24 +0000

Overall I agree Serga, EUR/AUD should move back towards 135ish I think and I’m also bearish EURGBP but getting timing right is tricky. But EUR/USD will tend to trade sideways imho while cross moves will come from AUD and GBP legs I think.

By: SergaNet

SergaNet — Sun, 23 Jun 2013 03:54:26 +0000

In reply to Sean Lee. Hi, Sean! If you look at the monthly chart of the pair EUR/USD, you can see the December hi 2004 and then the January fall, then the picture Siva on the Euro, approximately district 1.1776 matches. Well and if objectively there are no reasons for growth of the Euro, I mean the fundamental reasons, at least to me such reasons are not known for the future. There is another idea that in the area of 90, turn around AUD, then will be a reversal in EUR/AUD, respectively, and the Euro will be under pressure in the cross, the same thoughts and NZD, around 75 spread against the USD and the reversal of the cross against the Euro. Also watch for sale for EUR/GBP. All these crosses are not given a reason to think about the growth of the Euro in the medium term and in the long also. Therefore, consider the Euro against the us dollar only from the sales. What are your thoughts on this, Sean? Good luck to you, Sean!

By: Sean Lee

Sean Lee — Fri, 21 Jun 2013 09:04:50 +0000

Hi Siva, H&S are major reversal patterns which happen at major highs and lows, not in the middle of a medium term range. Just my opinion but good luck anyways.

By: Papillon

Papillon — Fri, 21 Jun 2013 08:52:16 +0000

Have a great weekend and thank you for this week 😉 !!

By: Sean Lee

Sean Lee — Fri, 21 Jun 2013 08:45:42 +0000

Yeah makes sense Papillon. Another possible trade to watch is EUR/AUD? If EUR/USD resistance holds and AUD/USD breaks above .9260 and holds up there, then sell EUR/AUD with s/l above 14400? Just a thought but maybe you are indeed better off with straight EUR/USD trade, less complicated. Off soon, have a great w/e

By: Papillon

Papillon — Fri, 21 Jun 2013 08:39:57 +0000

Sorry, SELL at 1.3280, S/L above 1.3320 (61.80% fibio retracement + previous support 1.3315/25) ?

By: Siva

Siva — Fri, 21 Jun 2013 08:39:39 +0000

Sean, Please see the chart here. http://img211.imageshack.us/img211/333/atf.png

Not my favorite pair and not my idea. But, I am in with a small short from 1.3332.

By: Papillon

Papillon — Fri, 21 Jun 2013 08:37:18 +0000

In relation with this post, we could play the sell rallies for this afternoon on this cross.

For example : buy at 1.3280, S/L above 1.3320 (61.80% fibio retracement + previous support 1.3315/25) ?

http://img827.imageshack.us/img827/9165/89z8.jpg