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The Asia-Pacific session saw investors step in to pull the Nikkei 225 index out of a week of declines in which it briefly breached the 22,000 level. EURUSD, meanwhile, continues to look robust despite a lack of support from other major dollar pairs.
Day trade
/
Sell
Trade view / 13 November 2017 at 8:14 GMT

EURUSD short-term bias remains bearish

Analyst / PIA First
United Kingdom
Instrument: EURUSD
Price target: 1.1600
Market price: 1.1646
Background

USD Index 
Daily – We talked about the fact that 94.04 was a pivotal level for the index in last week's report(s). Friday made a 94.16 low. This means that there is scope for a move in either direction today, but we prefer to buy USD dips. 
USD D
Source: Saxo Bank

EURUSD
With this in mind, we have a nice short-term setup in EURUSD. We are not looking to outstay our welcome with the medium-term bias now mixed. 

Weekly – The weekly chart has posted a correction 9 count (DeMark). This means we should see a move to the upside within 4 candles (weeks). The Marabuzo level from the week of October 23 is seen at 1.1686 (immediate resistance).
EURUSD w
Source: Saxo Bank

Daily – Just holding onto the reverse trend line resistance level of 1.1660. One major point to note here is the DeMark 13 count (exhaustion) seen on the 27th October. This does have a measured move ‘stop’ of 1.1444 so, although it highlights higher levels, there is scope for a more aggressive move lower. 
EURUSD D
Source: Saxo Bank

Intraday (eight- hours) – Not a great deal to take away from this timeframe. We are in a bearish channel formation (1.1747-1.1477).
EURUSD 8
Source: Saxo Bank

Intraday (two-hours) – There are list of factors that should limit the any further aggressive buying.:
1. 261.8% extension is seen at 1.1704 (from 1.1554-1.1611)
2. Bespoke resistance is seen at 1.1688
3. Previous swing high is seen at 1.1694
4. Trend of higher highs lines up with the 261.8% extension. 
5. The immediate USD bias is to buy into dips (sell rallies in EURUSD) 
6. Marabuzo at 1.1686
EURUSD 2
Source: Saxo Bank

Management and risk description

Parameters

Entry: Selling at 1.1687

Stop: 1.1728

Target: 1.1600 and 1.1580

Time horizon: short-term. Needs to trigger today. 

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
6d
usxau usxau
Good morning Ian! What a marvelous call on Friday on cable! You really picked the top of the market! ;) Kudos!
I agree euro still has a bearish connotation. Like to long eurgbp and set order @ 0.8880 or a break above recent highs!
Wishing you a great start into the new week! ;)
6d
alki alki
Good day sir; madam. Great call on GBPUSD indeed; UK politics helped also...
6d
Andrew Perkins Andrew Perkins
The master was in action on Friday with cable ,nice 1 Ian
6d
Andrew Perkins Andrew Perkins
Gm Sabrina
6d
usxau usxau
Good morning Andy! Hope you are doing well and got your computer sorted! :)
6d
Andrew Perkins Andrew Perkins
just installing new software and good to go
6d
Harrison Dauglas Harrison Dauglas
I SHORTED THIS MORNING AT 1.1660. I COULD BE A BIT EARLY BUT I AM WATCHFUL OF YOUR ENTRY LEVEL OF 1.168XX. MY REGARD TO YOU Sir.
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
and you Harrison... the best of luck
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
GBPUSD is close to an exhaustion count on the 30 minute chart so I think we might get a corrective bounce soon
6d
Andrew Perkins Andrew Perkins
Ian just checking 147.00 2nd TA for GBPJPY
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
well done Andy .... think we could be close to a completed 5 on GBPUSD (for a correction to sell into)
6d
Harrison Dauglas Harrison Dauglas
it means i have to bank profit on GBPUSD.
i placed my TAKE PROFIT AT 1.2500. but as my master has notified us, i think caution is needed
6d
Andrew Perkins Andrew Perkins
TP sorry
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
LOL... if you have more than 1 unit on it may be worth banking some !
Money management is always the key to success. I only ever trade in a minimum of 2 units so I can take some off and have a free ride
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
and I only EVER trade 'with' the 13 count ... I would never sell into a 13 count buy signal
6d
usxau usxau
Ian, you wrote correction 5 to sell into, do you mean buy into?
6d
Andrew Perkins Andrew Perkins
1.3060/50 is about it for now i think .spot traded 1 unit and option the other LOL
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
No.... I think we will have a corrective move higher now... I only want to sell into that correction (in GBPUSD)
6d
usxau usxau
GBPUSD 1.3040 seems to be line in the sand! ;)
6d
Andrew Perkins Andrew Perkins
Good Shout Sabrina
6d
usxau usxau
Gotcha, Ian! :)
6d
David12 David12
Hello Ian, what’s your intraday TP for GBPUSD ?
6d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I am not in it .. I have resistance at 1.3148 and 1.3169
6d
Harrison Dauglas Harrison Dauglas
is our EURUSD ripe for sell now.
6d
alki alki
In @1670 with 1/2 position and waiting for 1687 with the other half...
5d
Andrei14 Andrei14
Jan, good morning, the deal opened
5d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
Morning. Still technically sound but I am out of the office for two days so unable to monitor

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