Comments on: EUR/USD: Plenty of downside stops now building https://fxww.com/eurusd-plenty-of-downside-stops-now-building/ The Professional Source Tue, 23 Oct 2012 10:49:03 +0000 hourly 1 By: ZenFX https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2194 Tue, 23 Oct 2012 10:49:03 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2194 Mike, I hope you got tight stops!

]]> By: Mike https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2185 Tue, 23 Oct 2012 08:27:32 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2185 In reply to ZenFX.

> interesting,

I am long EU, AU, and UJ, like have a fight between us 🙂

]]> By: ZenFX https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2180 Tue, 23 Oct 2012 08:09:57 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2180 These are all technical moves, algo driven in the absence of news / data. The AUD looks like it will fall a lot since the bounce from 1.03 didn’t even make it to the 38 Fibo of the last leg. The UJ will probably have a decent retracement after its gallop to 80. I’m short EU, EJ, AU.

]]> By: Papillon https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2174 Tue, 23 Oct 2012 06:45:50 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2174 You are lucky. This morning in paris, it’s foggy and wet 🙁

]]> By: Sean Lee https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2173 Tue, 23 Oct 2012 06:14:31 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2173 Hi Papillon, just popped down beach for coffee on beautiful Sydney afternoon. Looks like stops might be targeted

]]> By: Iridium https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2172 Tue, 23 Oct 2012 06:04:24 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2172 Regarding EURUSD,

The market is disoriented and dull. The lack of fundamental news is continuing to reduce volatility in the markets. EURUSD has no momentum, and is stuck, waiting for some development to start its movement again. We will need to wait for Wednesday to see some movement with the PMI publication. The spanish bond yields have started to rebound from 5.3%, which signals that now the market needs action from the spanish government, no more talks! And the further the spanish government waits, the faster risk sentiment in EURUSD will deteriorate. The market might discover that the spanish government had no intention of requesting a bailout in the short term, and was using rhetoric just to guarantee good demand at bond auctions (very bearish). On the USD side, the US tends to rally after presidential debates, which suggests that US session will probably have a bullish bias. We are currently stuck in the range 1.3014 – 1.3075, and this might continue today. Overall, the downside is now more favored in EURUSD but traders should keep an eye on the news wire (or have tight SL) since any official spanish request could put the EURUSD above 1.32 in a matter of hours. Our pivot on the downside remains 1.2990.

]]> By: Mike https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2171 Tue, 23 Oct 2012 05:54:24 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2171 sigh,

seriously, with the intense protectionism around globe, and the fueled currency war, when we could return normal, let market find price?

]]> By: Milan https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2170 Tue, 23 Oct 2012 05:34:53 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2170 Hi Sean. I agree, both the 3010 support lvl/3080 resistance lvl look “clean” and those lvls are likely stop hunt targets. I’m looking to sell any rally up to the 3080’s back down to 3020 OR buying a stop hunt below 3010 back to abv 3050. Sentiment is still mixed, but with the uncertainty about a soon bailout request from Madrid, specs likely won’t be aggressive sellers.

]]> By: Papillon https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2169 Tue, 23 Oct 2012 05:09:54 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2169 Morning Sean,

This info is very interesting, thanks. How was your trading day ?

]]> By: Sean Lee https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2168 Tue, 23 Oct 2012 04:57:25 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2168 Overall pretty bad Mike, many of big ones in negative territory I believe

]]> By: Mike https://fxww.com/eurusd-plenty-of-downside-stops-now-building/#comment-2166 Tue, 23 Oct 2012 04:42:32 +0000 http://fxww.dreamhosters.com/?p=1718#comment-2166 volatility is too slow this year due to CBs, do you know how hedge fund performance?

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