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sherifFares
Jan 05 2015 at 18:18
454 posts
thanks to the German inflation rate we might even see lower levels. but I can't stop to wonder isn't it time for the correction?

bestdarngood
Jan 06 2015 at 01:50
174 posts
So bought a little today at a low point, sold at 1.19400 and gained a position in USD Bull direction of Sell. Believe that we will be going down again in the future, maybe more correction first but seems to be pretty week upside, so better to be in a downward position with all that is going on. Hope you guys are doing good as well.

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alexforex007
Jan 06 2015 at 13:12
774 posts
The pair may just keep falling, because the fundamentals dont show any relief for the Eurozone yet.

sherifFares
Jan 06 2015 at 17:40
454 posts
two hammers on the daily chart I hope time of correction is here I will wait for a confirmation candle before opening a position

Abdul2012
Jan 06 2015 at 19:06
413 posts
I got the same feeling that the correction will be soon.

bewayopa
Jan 06 2015 at 21:58
372 posts
The EUR / USD moved slightly lower, after hitting the resistance of 1.1975, but then recovered to trade virtually unchanged.
Short term momentum indicators detect a slowdown in the downward movement by a corrective movement for high is possible.
The RSI sank into oversold territory, went up and now appears to be able to get out of extreme field.
The MACD also and will probably cross above the signal line.
R3 - 1.20300
R2 - 1.19992
R1 - 1.19453
Daily Std. Pivot - 1.19145
S1 - 1.18606
S2 - 1.18298
S3 - 1.17759
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peeterwoolf
Jan 06 2015 at 21:59
230 posts
sherifFares posted:
two hammers on the daily chart I hope time of correction is here I will wait for a confirmation candle before opening a position


Maybe we will see 1.1875 first.

csc2009
Jan 07 2015 at 00:12
834 posts
peeterwoolf posted:
sherifFares posted:
two hammers on the daily chart I hope time of correction is here I will wait for a confirmation candle before opening a position


Maybe we will see 1.1875 first.


Likely, broke below 1.1880 level could mean open the door for more downward movement.

honeill (honeill)
Jan 07 2015 at 07:48
1141 posts
I fully agree with peeterwoolf analysis, 1.18 is the next target but be aware it looks like a solid support.

"I trade to make money not to be right."
honeill (honeill)
Jan 07 2015 at 08:16
1141 posts
EURUSD fell making a new multi-year low at 1.1846 during yesterday session and settled at 1.18728. We might see the pair in a choppy sideways action between now and nonfarm payroll numbers on Friday.

"I trade to make money not to be right."
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