Forex Signals – EURUSD Bullish Headwind
Recap: No support break yesterday means no trade was triggered on the EU pair. The has bounced hard off the intraday rising support (bottom yellow line) that we have been watching for the past several months. In the short term price has turned up aggressively, forming a new short-term rising support (last blue line) that we will look to trade today given the opportunity.
Today’s Important News Events:
| Date | Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|---|
| Thu Oct 4 |
11:00 | GBP BOE Asset Purchase Target (OCT) | 375B | 375B |
| 11:00 | GBP Bank of England Rate Decision (OCT 4) | 0.50% | 0.50% | |
| 11:45 | EUR European Central Bank Rate Decision (OCT 4) | 0.75% | 0.75% | |
| 12:30 | EUR ECB’s Draghi Holds Press Conference After Rate Decision | |||
| 18:00 | USD Fed Releases Minutes from Sept. 13 FOMC Meeting | |||
| *To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar. | ||||
Trading Idea: There is a bullish headwind on the hourly charts but we will look to get short on a support break of the aggressive short-term rising support we discussed above. Short targets at 80 pips.
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sahara
October 4, 2012 at 15:57hdy @Mark thank you for this signal and have a good day !!
PipHut Team
October 4, 2012 at 16:00Thanks Sahara and @all. Sorry for the unannounced Intraday Update – we kept waiting for better chart patterns to develop that never came.
sahara
October 4, 2012 at 16:13as you said from days in this range !! grrr
sahara
October 4, 2012 at 16:22another sell 1792 .30 for quick pips !!grrrr
sahara
October 4, 2012 at 16:3190 pips hit
andi
October 4, 2012 at 17:08Thank you @mark for the new analyze and well this train seems has no stop, now the only line 3031 the Res line of that bearish butterfly if not hold then I think @johnny (hope he is already landed) will see his targets closer 3145 and 63 next, but back under 31 then we may see again some correction to 1.3000,
Comment left on:
October 4, 2012 at 14:57
andi says:
yes congrate, so let’s talk a little harmonic, how is with this I-H&S???: do you see any stop line for its right S? or our L_E butt-f ??? do you see that 2980 as support and 3030 as Res line? so my view, any closing under this 2980 in that area 63 will make another visit 2929 first but over 1.3000 then all our bullish friends will have party :-)
andi
October 4, 2012 at 17:09ah correction, 3045 and 3063 (not in trade anymore done for today)
sahara
October 4, 2012 at 17:10nice @andi !! last small short gold for a few pips if 1793 not broken
andi
October 4, 2012 at 17:14well done my friend, if not over 793.37 then back for 787.50, GL
sahara
October 4, 2012 at 18:06$$$ rain !!
sahara
October 4, 2012 at 18:08closed 1789 area
Donny7
October 4, 2012 at 17:58lets see if the minutes can allow a break of eur/usd 1.3030-1.3050
andi
October 4, 2012 at 18:25@donny7, well done I was back to check the price and saw your message, however a little harder now bearish crab 3008-3035 this can slide till 2929 again but above 3035 closing then asian will do the rest , tc and GN
sahara
October 4, 2012 at 19:05still in area till 20h utc
sahara
October 4, 2012 at 20:00gn all
andi
October 5, 2012 at 06:10Gm all, today game will be between 2970-80 and 3040-50 over 3050 no more break for bulls and under 2970 no break for bears between consolidation till NFP release, a better than expected release will give the bears the chance to bring the pair under pressure and not a good or weak NFP Euro bulls will fight till 3180 my view
andi
October 5, 2012 at 06:15this is only a comment about my trade and not a recommendation or Signal, under 1.3000 I will take a short with TP1 2976, Tp2, 2951 and TP3 2921 but I think by Tp1 I have to close and wait for another good position, let’s see,
sahara
October 5, 2012 at 06:19Gm @Andi gm all how are you friend with y 40* no rain in my area this mor
ning will be here for a few time another #jobday# for me today too i will let andi said to andi for kssing 1811 !!! perhaps johnny plane landed and doc wll be in area ??
andi
October 5, 2012 at 06:24Good Morning my friend, thanks I am ok, but wish you will have a good JOB DAY today, BTW, I am sure today @Johnny will be finally in the area and will get some helpful comments from him too, sure @doc1 will give us also good advices, but for Gold I will not go long today till I see a drop to 1770 and from there good possibility but SL only 60 USD , GL
sahara
October 5, 2012 at 06:28good idea am with a few order buy in ##deep possible price#
andi
October 5, 2012 at 06:31as funny as it is, but with E_Doji on Euro and it is trying to go up again :-) nice false market move
andi
October 5, 2012 at 06:33however, here 3015 if up, 3023 and then 3031 again down 3004 has to break to see more down side