Forex Signals – EURUSD Hurricane Proof?
Recap: We didn’t open any new trades on Friday, as indicated, but our bearish calls were right as the pair continued to drop underneath it’s falling resistance line (connect the highs of the 17th, 22nd and 25th).
Hurricane Sandy has shut down stock markets on the East Coast of the United States today, slowing down the markets, but we are still bearish on this pair as it has made a series of lower lows and lower highs (downtrend). As long as price stays beneath our intraday resistance we will stay bearish – if price breaks our support then we will open a short.
Note: US stock markets may shut down tomorrow as well; bond markets have already stated they will be closed tomorrow.
Today’s Important News Events:
| Date | Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|---|
| Mon Oct 29 |
12:30 | USD Personal Consumption Expenditure Core (YoY) (SEP) | 1.7% | 1.6% |
| 13:00 | EUR German Consumer Price Index (YoY) (OCT P) | 1.9% | 2.0% | |
| 13:00 | EUR German Consumer Price Index – EU Harmonised (YoY) (OCT P) | 2.0% | 2.1% | |
| *To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar. | ||||
Trading Idea: We are looking to get short on a support break today, with targets at 80 pips profit, SL at 50 pips.
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smile
October 29, 2012 at 15:52Hi @all. Thanks Mark for the signal. Our PH very quite these days
PipHut Team
October 29, 2012 at 19:03Yes it is very quiet, I think we have a few of the more vocal piphutters travelling and vacationing these days
PipHut Team
October 29, 2012 at 19:03and then there is always the vast “silent majority” who read but don’t comment…
Fred
October 29, 2012 at 17:48Hi, @smile and thanks Mark. i share your sentiments
Kobe
October 29, 2012 at 20:35The community is almost as quiet as the market. We will have our next leg down later this week i think. Good trading everyone!
HarryG
October 29, 2012 at 21:38Hi everyone
Looking to add to my GU short tomorrow
EU mixed
Johnny
October 30, 2012 at 07:04Hi Mark @Piphut and @All….Well guess you’ll know where I stand and whats my point of view in this pair (EU).
We’re still above 200MA on the daily…So think we’ll see 3050 before 2750 :-)
If 2925/35 is taken out, the road to the North lays open.
GL
Johnny
October 30, 2012 at 07:29CNN: Five confirmed dead as superstorm Sandy hits NY state!
smile
October 30, 2012 at 07:45GM @all. Hi johnny. nice to see you in here :)
Johnny
October 30, 2012 at 07:59Hi there @Smile. All ok with you I hope? GL to you…Lets see where they drop/lift us to this time ? :-)
smile
October 30, 2012 at 08:00All of mine is ok :)
Johnny
October 30, 2012 at 08:02Draghi speaking right now! And German Unempl. rate coming up!
Maria
October 30, 2012 at 08:26Hi all,
sorry for not being around for the past couple of months, have been unexpectedly moving myself from one country to another among other life changes and haven’t had the time to check in.
Just wanted to say hi and that I hope you’re all doing great as always.
Wish you all a good week and end of the month!
Johnny
October 30, 2012 at 08:46Great to see you back my dear.
Badniguel
October 30, 2012 at 08:50Good morning everyone at PH. Thought I would put my head above the parapet and say a rare hello. Than you @mark for your signals as always and I think all the recent changes in Pro are great. Week by week I’m becoming a better trader thanks to Piphut. Happy pip
hunting everyone. Currently I am long GBP but dollar seems to have control at the moment.
Hendrik
October 30, 2012 at 09:49@johnny
are you still running with the bulls? Winter is on it’s way – time for the bears:)
Johnny
October 30, 2012 at 10:16Hi there @Hendrik and Mrs. How nice to see you again. Must be beautiful weather at your end of the world? :-)
Yep, still believe the bullies are going to take over again…
having Longs @3082/3066/3010 and last one (finally in Green now :-)) @ 2920….
And not intending to close them out….Grizly and Yogi Bear are only coming into play when diving below 2750! And I think we have found a dyke of a barriere around 2880 :-)
TC and GL Hendrik….And buy a nice bouquet coming weekend for Mrs ya hear!
Johnny
October 30, 2012 at 10:27Have to go outside as usual….Catch ya later.
Kobe
October 30, 2012 at 10:29Goodday everyone. I hope all of you can get some pips. I’m still bearish ( no surprise i guess). Time will tell who is right, and maybe we all are right if we can wait long enough. Eur/usd will stay between 1.18 and 1,4 for always i think. So don’t sell @1,18 and don’t buy @1,4.
Enjoy your day! Humour keeps this serious market light!
Johnny
October 30, 2012 at 10:35@Kobe , Had the door in my hands, almost leaving. So can we Buy @1,18 and Sell @1,40 ? :-) Because I love to sell when we have reached my dream level (3434) but then may have to wait till we get to 1,40 ? :-)
Just joking @Kobe…Good we keep up the spirit and humor in here…
Have a good one….TC
Now off…