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EUR/USD
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Chikot

Mitglied seit Jan 14, 2010  2186 Beiträge Chikot Jul 12 2012 at 09:02
Yes, support looks broken, the longer it breaks it the harder it falls most of the time.

chloenicole

Mitglied seit Jul 02, 2012  5 Beiträge chloenicole Jul 12 2012 at 11:00
yeah,support now is broken. the downtrend resumes for eur/usd. usd/chf uptrend resumes.

James_Bond

Mitglied seit Jan 14, 2010  554 Beiträge James_Bond Jul 12 2012 at 12:08

   chloenicole posted:
   yeah,support now is broken. the downtrend resumes for eur/usd. usd/chf uptrend resumes.


The market is still very cautious and moving slowly although I believe the trend will strengthen in a few days time. A bit of more bad news for the euro should do it smiley.

Mars30

Mitglied seit Apr 12, 2012  151 Beiträge Mars30 Jul 12 2012 at 12:28
eur/usd start up 1.2150-00 target- min 2750-2800......
usd/chf start down 99.00-15

James_Bond

Mitglied seit Jan 14, 2010  554 Beiträge James_Bond Jul 12 2012 at 15:05

   Mars30 posted:
   eur/usd start up 1.2150-00 target- min 2750-2800......
usd/chf start down 99.00-15


You think it's going to bounce off? Do you have some charts to support your theory?

Chikot

Mitglied seit Jan 14, 2010  2186 Beiträge Chikot Jul 12 2012 at 16:13
yes, so far not a clue about reversal. it might be going slow but slow moves often turn violent.

stevewalker

Mitglied seit Jun 06, 2012  1360 Beiträge stevewalker (stevewalker) Jul 12 2012 at 18:43
E/U will start sideways market on daily chart.


Trade the Trend, Defend to Price!
Chikot

Mitglied seit Jan 14, 2010  2186 Beiträge Chikot Jul 12 2012 at 20:15
it can do whatever it can do. no one knows. can go side way, can break and go down., can retrace and then drop and break through. can reverse. 4 options.

stevewalker

Mitglied seit Jun 06, 2012  1360 Beiträge stevewalker (stevewalker) Jul 12 2012 at 20:20
it had moved >2000 pips and generated good profit. time to take it back.wink
sideways
time to stop E/U trading for sometimes.


   Chikot posted:
   it can do whatever it can do. no one knows. can go side way, can break and go down., can retrace and then drop and break through. can reverse. 4 options.

Trade the Trend, Defend to Price!
stevewalker

Mitglied seit Jun 06, 2012  1360 Beiträge stevewalker (stevewalker) Jul 12 2012 at 20:22
from BT results, after a good profit, loosing period always follows. what ever the strategy is

Trade the Trend, Defend to Price!
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EURUSD 1.28332 GBPUSD 1.5166
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