Comments on: EUR/USD medium-term overview: Risk-reward favours buying deep dips

By: Sean Lee

Sean Lee — Wed, 16 Jan 2013 09:09:24 +0000

Agree with that Monique, for beginners it’s the least volatile pair and usually trades logically

By: Monique

Monique — Wed, 16 Jan 2013 09:04:45 +0000

For you which pair is more risky to trade ? EUR/USD can be considerate as a beginner friendly currencies ?

By: Sean Lee

Sean Lee — Fri, 09 Nov 2012 04:28:34 +0000

Yep Rahul, exactly right, so we probably get few sessions of range trading and false breaks before decision is made

By: Rahul

Rahul — Fri, 09 Nov 2012 04:10:25 +0000

Hi sean, this is what i call a fib batlleground.A point in a trend that is crucial in deciding what the outcome will be.The bearish trend has retraced 38.2 (at 1.3150) and the bullish from 1.2035 to 1.3170 has retraced 38.2% to 1.2740.
Both sides would want to push the trend in their respective directions at this crucial juncture( this is just how I see it)
If one is bullish anywhere between 1.2740 to 1.2606(the 50% retracement of the bullish trend) are good entry points for the next leg higher.I suppose the strong bears would have entered at 1.3150.Fresh bearish strength might develop under 1.2600ish.

By: Nachiket

Nachiket — Fri, 09 Nov 2012 03:38:58 +0000

this is too big of a short covering for a asian session, if it is. if asia is this imagine what will europe be

By: Sean Lee

Sean Lee — Fri, 09 Nov 2012 03:15:05 +0000

I think so, usual Friday afternoon position squaring is only explanation I can come up with

By: Nachiket

Nachiket — Fri, 09 Nov 2012 03:09:58 +0000

crazy rally. I can’t remember the last time pound rallied 32 pips in asian session and I don’t see any news backing it. stoploss hunting

By: zenfxtrader

zenfxtrader — Fri, 09 Nov 2012 03:06:13 +0000

Am long EU at 1.2744 since this morning. Agree with the weekly chart analysis, would only add that a retracement is expected at the 38.2 Fibo. The question is whether it goes back down to the 0 level or the 50% Fibo next. In most cases, the 50% level is the favoured target. The pair found support at 1.2720, the 38.2 Fibo of 1.2042 – 1.3172. So this week has just been the backing and filling before a test and break of the 38.2 big Fibo again in the next week or so. At a minimum we see some covering of shorts as we end the week, perhaps back to 1.2800.
zenfxtrader.wordpress.com

By: Nachiket

Nachiket — Fri, 09 Nov 2012 02:57:04 +0000

we are getting a small rally here. don’t know what is the trigger. any news?

By: Sean

Sean — Fri, 09 Nov 2012 02:46:30 +0000

but don’t we have a 1.27-1.32 DNT in play?

By: Sean

Sean — Fri, 09 Nov 2012 02:37:00 +0000

It worked that time. maybe it was me. Thanks