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peeterwoolf
Jan 22 2015 at 13:25
230 posts
honeill posted:
EURUSD tried to rally during yesterday session but found enough selling pressure on the 10-day moving at 1.1680 to turn things back down to the open price. The pair closed near the open of the day creating an inverted hammer pattern. Stochastic is showing a slight bullish momentum and volume is falling as investors wait for the ECB monetary policy statement.
Be prepared for the worst but hope for the best!


We should all be prepared, today is just the beginning, we still have Monday to come.

csc2009
Jan 22 2015 at 15:22
834 posts
EUR/USD initial reaction was muted, but now hitting fresh 11 year lows.

bewayopa
Jan 22 2015 at 15:23
372 posts
The technical framework of the EURUSD remains negative, but largely short-term direction will depend on the direction the pair take after today's meeting of the ECB and its decision on the quantitative easing program (QE).
A wider context, the price structure suggests a downward long-term trend.
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
S2 - 1.14709
S3 - 1.14010
https://bewayopa.wordpress.com/

victoriajensen
Jan 22 2015 at 17:58
1117 posts
ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.

sherifFares
Jan 22 2015 at 19:28
454 posts
and we still have Greece elections on Sunday we will see more drop on the euro

Abdul2012
Jan 22 2015 at 20:02
413 posts
victoriajensen posted:
ECB's rate decision and Draghi's press-conference certainly had an effect on the market. EUR/USD broke below the support at 1.1540 and continued on its way down to break below 1.1400. Next target is likely 1.1300.


Thank you victoria, i agree with your analysis.

prachait (prachait)
Jan 22 2015 at 21:08
36 posts
bewayopa posted:
R3 - 1.18174
R2 - 1.17485
R1 - 1.16786
Daily Std. Pivot - 1.16097
S1 - 1.15398
https://bewayopa.wordpress.com/


Hi, I was following your analysis | What is the possibility of USD being weak and EURUSD trend go up in next 10 days ?
I am looking forward to R3 - 1.18174 as the trading level |

Thanks, Regards Prachait

Forex - Currency Trading is for Living |
bestdarngood
Jan 23 2015 at 08:14
174 posts
So possible correction in motion, but I am betting on it going to 1.12 or lower. It hasn't been able to break 1.13100 yet but it also hasn't broken 1.1375. Breaking past either one of those points could be signs of further movement in their respective directions. Long term, EURUSD should be heading further south to 1.10 and lower.

See my profile or message me for my latest EA
bestdarngood
Jan 23 2015 at 10:02
174 posts
Currently have a TP of 1.10800 and a Trailing Stop of 40 pips following this down, we shall see which hits first.

I may close out some positions on the way down as well as my trade is larger than normal currently.

See my profile or message me for my latest EA
Wolfgang
Jan 23 2015 at 11:40
38 posts
I hold two EURUSD short positions and plan to keep them for the next couple of month. Anybody else hold EURUSD short positions?

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