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sherifFares
Dec 02 2014 at 19:41
454 posts
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, the EUR/USD is getting more and more unstable.

takechance (takechance)
Dec 02 2014 at 20:03
271 posts
takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.


Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.

Today it can be rewarding to go long from 1.2357 area.

alexforex007
Dec 03 2014 at 00:26
774 posts
Possible breakdown of the 1.2400 level on the EURUSD, if there is a good pullback, then there could be a shorting opportunity around this zone.

pramodwick
Dec 03 2014 at 04:34
41 posts
today whatz the taregt euro/usd ??

honeill (honeill)
Dec 03 2014 at 09:17
1141 posts
EURUSD has found renewed selling interest to start December, possibly driven by much stronger than expected US construction spending (to offset the slow start to the holiday sales season). The long-term downtrend remains firmly bearish but we will wait to establish a new short until key support at 1.2350 is broken to confirm the bearish momentum.

"I trade to make money not to be right."
victoriajensen
Dec 03 2014 at 15:00
1117 posts
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.

bewayopa
Dec 03 2014 at 17:07
372 posts
The PMI of service sector on the EuroZone was revised downwards in November.
The compound PMI fell to its lowest level since June 2013, confirming that the euro area economy lost the momentum which seemed to come gaining.
Weak PMI can mean stagnation and press the ECB to act.
If the ECB on Thursday meeting sends a strong message, it can serve as a catalyst for any increases on EURUSD.
R3 - 1.25450
R2 - 1.25103
R1 - 1.24458
Daily Std. Pivot - 1.24111
S1 - 1.23466
S2 - 1.23119
S3 - 1.22474

Abdul2012
Dec 03 2014 at 19:54
413 posts
victoriajensen posted:
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.


Most likely you are right about the bearish but it is not going to be soon.

takechance (takechance)
Dec 03 2014 at 19:55
271 posts
takechance posted:
takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.


Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.

Today it can be rewarding to go long from 1.2357 area.


Perfect profit booking from 1.2507 to 1.2357.

Will hold the long from 1.2357 for some more time. Most probably a break even is possible. Today price might retouch the 1.2357 level.

sherifFares
Dec 03 2014 at 21:21
454 posts
I think the best decision is to close all my open positions on the EUR/USD I don't know what the ECB will do tomorrow

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