Sell Eur/Usd

[Mafioso]

AmberFM
you have to be more patient. I'm also short EUR/USD at 1.2060 waiting for a south move. Not just because EUR/USD did not react at once to the US data release means that it will ignore the facts and prepare for an upward move. Fundamentals prevail at the end u have to be sure of that. Noor is a very good trader but if he was sure that the EUR/USD will go up he would have taken a long position.
Stick to ur short position, all good things come to those who wait

[Noor]

Looks like my interpretation on the COT data was wrong...

Sell at 1.2105 (current price) ... stoploss: 1.2135 ... Target: open
Move stoploss to breakeven once you see 1.2083 back again...

[Noor]

Originally Posted by Noor

Looks like my interpretation on the COT data was wrong...

Sell at 1.2105 (current price) ... stoploss: 1.2135 ... Target: open
Move stoploss to breakeven once you see 1.2083 back again...

Hello everyone,

Euro/Usd has maintained a tight range after the last positive US data... we will end the risk from here...

Current price 1.2087... Move stoploss to breakeven at 1.2105,

The sell off should start now,,,

Waiting for the TICS data to be released today, to enter a new trade...

Back to our research

[Mafioso]

Hi Noor
r u still short EUR/USD?
I would like to know your trading stance inlight of the Fed. Beige book. looking for ur reply my friend

[Noor]

Hello Mafioso,

Euro bulls seems to look for any excuse to keep this north run going ,, I shorted from 1.2135 and closed some positions at 1.2083...

1.2083 level is concerning me for now, thats why I asked to move stops to breakeven once it is seen in our 1.2105 short position,, Technically, watch 1.2155 and 1.2083 levels...

When calcutlating the bigenning of the rope we should see the interest rate increase going for US dollar and stopping for Euro,, which will turn the Euro/Usd south to 1.19<>1.18 area...

what is having me worried is the 1.2083 level holding for yesterday and today...
For now let your trading be selling from highs and buying from bottoms till the end of this month... watch the Market and move your stoploss to breakeven ...

[Mafioso]

Thx. a lot Bro. I totally agree with ur view on USD strength for thre short term. I will be waiting for ur threads and following ur steps in the coming days.
Many thanks

[Whathell]

Where's Iris? I always find his posts interesting and useful.

[Noor]

Political uncertainties has pushed Usd/Chf south which lifted Euro/Usd up...
We should see Euro/Usd going back south breaking 1.2083 at the open on Monday,,

We need to see if the price will go back breaking 1.2175,, Shorts can be taking still with stoploss at 1.2185...

Decrease your positions...