Comments on: EUR/USD outlook, week October 22nd: Likes range-trading, wants to go higher, but is overbought https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/ The Professional Source Mon, 22 Oct 2012 00:50:47 +0000 hourly 1 By: Szabi https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-2057 Mon, 22 Oct 2012 00:50:47 +0000 http://fxww.dreamhosters.com/?p=1635#comment-2057 hmmm, interesting plan, kind of a “triangle trading plan” 🙂
I expect 2900-2950 -3200 range this week, and then I believe eur will go up a bit each week until the end of the year, at which point I think it’s going to be closer to 1.4 than 1.3

]]> By: Sean Lee https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-2056 Mon, 22 Oct 2012 00:42:52 +0000 http://fxww.dreamhosters.com/?p=1635#comment-2056 Its hard to put a number on it Szabi, I’d prefer to wait and see how mkt develops but I think it unlikely that we trade outside of 126/135ish range for next 6 months, despite the US election, so anythng back at 12750/12800ish must be considered a good entry point? I think cross pairs like EUR/GBP and EUR/AUD could trade quite a bit higher with lack of bad news styming the bears. My m/t plan: when EUR/USD rallies, sell aud/usd and cable; when EUR/USD falls, buy it++

]]> By: Szabi https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-2053 Mon, 22 Oct 2012 00:32:39 +0000 http://fxww.dreamhosters.com/?p=1635#comment-2053 Thanks, Sean! Now, you are suggesting that the range trading is going to continue. What do you see as the potential prices on each side (up and down)?
You wrote in your weekly forecast “Spanish yields are near 6-month lows and pairs like EUR/GBP continue to exhibit bullish strength, so being patient and buying big dips in EUR/USD seems still like the obvious play.” I agree, the Spanish yields are the best precursor for the eur/usd, even if the European bourses continue their slide. But again the question is: where would you feel comfortable to buy eur-usd? Thanks!

]]> By: Sean Lee https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-2033 Sun, 21 Oct 2012 19:56:13 +0000 http://fxww.dreamhosters.com/?p=1635#comment-2033 Hi Szabi, a lot of the big hedge funds, particularly those that specialise in other areas and ‘dabble’ in FX, follow MA crossovers religiously. Certainly worth keeping an eye on.

]]> By: Szabi https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-2023 Sun, 21 Oct 2012 17:37:15 +0000 http://fxww.dreamhosters.com/?p=1635#comment-2023 Sean, that might be really the case! You were almost completely right on Friday, the range you predicted 3030-3100 practically held. On the other hand, next week eur/usd is expected to have a golden cross. See: http://www.bloomberg.com/news/2012-10-18/euro-may-rise-to-1-35-after-golden-cross-technical-analysis.html

How good technical indicator is that historically in your opinion? Thank you!

]]> By: Jones https://fxww.com/eurusd-outlook-week-october-22nd-likes-range-trading-wants-to-go-higher-but-is-overbought/#comment-1985 Sun, 21 Oct 2012 11:34:36 +0000 http://fxww.dreamhosters.com/?p=1635#comment-1985 Buy 1.2985 with TP 1.3065 SL 1.2960, or sell 1.3065 with TP 1.2985 SL 1.3090, which ever one the price hits first.

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