Razvan
Long

EURUSD - Here comes the 3rd wave

FX:EURUSD   Euro Fx/U.S. Dollar
681 19 1
I would say that EURUSD             looks nice for another several pips up, before the Non Farm. What do you think?
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Razvan constant
Yep, I was thinking that with the momentum of yesterday, the euro could get a little higher before the Non Farm, like i wrote in the comment. Also i kept in mind the the main trend is still up looking on H4, and on daily we can say that the brake of the trendline and also the higher high could confirm the up trend. But of course it is dangerous now to go on technical factors...so here would me a stop right under 1.30 - 1.2995...low risk for several pips...going on Elliott.
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NFP coming today, if the 114K forecast come then your forecast will be incorrect. I would do the forecast after the number going to come in. Besides I am still worried about spain insisting in not requesting the bailout. some of the bigger firms are shorting spain debt today.
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Razvan constant
you are totally right about the Non Farm, that is why i was hoping for an up move...from there the euro could fall back to the trend line. :)
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First of all, I am not an expert. I do look at daily charts, correlations and before all to fundamentals. You might be right if the NFP come right I think you might see a higher move but I find hard to believe that traders will come in with much conviction based on the fundamentals. I am conditioned by couple of risk events coming in the near future: greek unemployment, spain GDP and spain 24b debt redemtion. On daily I would see a move lower on daily unless spain accepts the bailout
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Razvan constant
quite true, the problems with Spain might be a negative signal for the euro...we just have to wait and see. Nice arguments.
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Guys, please in English if possible:)
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Razvan admin
Ok! :D
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constant Razvan
good idea at the end, good job, your idea was good.
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Razvan constant
thank you! after all Elliott's still a good guy :)
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Razvan Razvan
soon tradingview will have private chat:D...
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constant constant
In this case NFP and obama elections helps Eliott a lot
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Razvan constant
i deleted again the comments. :) better this way
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fifth is coming?
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Razvan capoeiristajc
Is knoking at the door...i will post an update for this
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awesome
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