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EUR/USD
Member Since Jun 08, 2014
454 posts
Member Since Oct 27, 2014
53 posts
Jun 18, 2015 at 06:39
Member Since Jun 09, 2015
12 posts
csc2009 posted:arigoldman posted:
Price is consolidating, expect a break out soon.
Market is waiting for FOMC statement, Eur/Usd sideline trading around 1.1260 level.
euro today below 1.131 and 1.1330 will visit 1.116... break of 1.133 will crack consolidation upside... below 1.13... only sell!!!
Member Since Apr 08, 2014
1141 posts
Jun 18, 2015 at 08:41
Member Since Apr 08, 2014
1141 posts
EURUSD on yesterday session initially fell but found enough buying pressure at 1.1204 previous day low to reverse and close in the green near the high of the day.
The currency is rising due to the depreciation of the US dollar after the Fed Chair Yellen stated that inflation has a good probability of remaining low for a long time and reiterated that rate hikes will be gradual. Economists now see as most probable US rate hike later this year or in the beginning of 2016.
In the short-term we may see a rise up to 1.1460 being the high of February and retested in May.
The currency is rising due to the depreciation of the US dollar after the Fed Chair Yellen stated that inflation has a good probability of remaining low for a long time and reiterated that rate hikes will be gradual. Economists now see as most probable US rate hike later this year or in the beginning of 2016.
In the short-term we may see a rise up to 1.1460 being the high of February and retested in May.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Jun 18, 2015 at 14:02
Member Since Jul 10, 2014
1117 posts
EUR/USD finally broke above the resistance at 1.1380 after the FOMC rate decision announcement but the pair is still struggling to break above 1.1450. However I think that it is very likely to break above that level and continue climbing toward target 1.1580.
Member Since Jun 08, 2014
454 posts
Member Since Nov 06, 2014
28 posts
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Jun 18, 2015 at 21:10
(edited Jun 18, 2015 at 21:10)
Member Since Feb 11, 2011
1916 posts
yes it is better,along with 4h 1hre chart,you get the perfect picture,much largely used that way, excellent question😄
Jun 19, 2015 at 07:20
Member Since May 01, 2015
675 posts
EUR/USD attempted to push higher yesterday, topped at 1.1436 but closed lower at 1.1366. Trading signals remain low for now, but the area 1.1380 - 1.1465 remains a good place for short positions with targets in the area of 1.1180 - 1.1050 with tight stop loss above 1.1465. The nearest support is at 1.1350. A clear break below it could take price to neutral zone testing 1.1280 / 50. Bullish pattern can be activated in a clear break above 1.1465.
Member Since Apr 08, 2014
1141 posts
Jun 19, 2015 at 08:25
Member Since Apr 08, 2014
1141 posts
Yesterday the EURUSD initially rallied but found enough selling pressure around the 1.1436 and gave most of its gains back but managed to close in the green near the open of the day, creating a shooting star pattern. This pattern suggests that a pullback may be set in motion, now the question is how far it will go. The first level to watch is 1.1286 the 10-day moving average and the other is a daily support at 1.1236.
"I trade to make money not to be right."
Member Since Oct 02, 2014
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Member Since Jun 08, 2014
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