There is indeed a hammer candlestick in the daily EUR/USD filter chart which suggests that there might be some pullback, not to mention the strong support at 1.2700. However I still think it will keep falling after the pullback is over.
Don´t worry all the shorters will kiss those profits good bye next week. We will have one heck of an NFP, and as people believe that it will be a stop hunt and keep shorting, they will feel the rath of price action!
alysharf posted: now what is new, eurusd make trap for trader to make them go long, and in that way , it is golden player now only we have 1.2713 as support , then 1.2650 , 1.2533 ,1.2340 and then 1.2240 but i feel it is now near as 1.2650 make it double bottom for 1.2660 at 13/11/2012 , then it will jump up for long step but quick one. which is hard to occur so i suggest either sideways move or little correction
i was wrong about that i forgot one more point 1.2420 make it more likely to occur
EURUSD fell during the course of the day on the last Friday session, breaking the bottom of the hammer created last week. This is a very negative sign and therefore the market should continue to go much lower. The next target is probably the 1.25 level but the longer-term charts suggest that we could go even lower.
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