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  1. #1
    Specialist Member RCox's Avatar

    False Break in EUR/USD !!!

    False Break in EUR/USD

    "Buy the rumor, Sell the news" has created volatility in the EUR/USD. New guys here might appreciate this example of a false break:

    Click image for larger version. 

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  2. #2
    Specialist Member RCox's Avatar
    Correlation here for stock traders:

    A lot of you guys know my opinion on stock markets.
    Last edited by RCox; 05-02-2013 at 05:53 PM.

  3. #3
    Active Member rockettrader's Avatar
    EUR/USD trading is very difficult in last few days. Very choppy market with a lot of swings higher and lower! The market is searching for direction and accumulating strong forces on both sides, but we have to wait to see some clear signs for exiting these ranging conditions. Till this happen the only way to trade is with some volatile range bound strategy.

  4. #4
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Quote Originally Posted by rockettrader View Post
    EUR/USD trading is very difficult in last few days. Very choppy market with a lot of swings higher and lower! The market is searching for direction and accumulating strong forces on both sides, but we have to wait to see some clear signs for exiting these ranging conditions. Till this happen the only way to trade is with some volatile range bound strategy.
    You r correct. Incase of eur/usdm it has been difficult to trade based on technical analysis because fundamentals are playing major role in defining direction. Technically eur/usd is unable to break any major support or resistance level.

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