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Mar 06 2015 at 22:20
454 posts
if the EUR/USD price continue to fall at this rate we might see 1.0000 sooner than we expect.

Mar 07 2015 at 16:52
1117 posts
sherifFares posted:
if the EUR/USD price continue to fall at this rate we might see 1.0000 sooner than we expect.

I too think EUR/USD will reach parity some time soon, but the next short-term target is likely 1.0720.

Mar 07 2015 at 18:39
454 posts
Have a great weekend everyone

takechance (takechance)
Mar 08 2015 at 22:07
271 posts
The week started with a slight gap down opening. The weekly CFTC data is a caution for the fresh EUR bears....see below. There is a divergence appearing between the speculator net position and the EUR direction. I think its prudent to go for fresh shorting the pair once the net short position of the speculators increses from the current level.

'CFTC data suggest that speculative and CTA-type investors continued to pare back their overall exposure to the long USD trade in the week through March 3rd—even as the USD extended its overall decline. In aggregate, the IMM’s net long USD position against the major currencies dropped to USD42.4bn, the lowest bet on the USD since the Christmas week and down from the peak bull position of USD49.0bn seen in mid-January.'

'Speculative accounts trimmed net short EUR exposure for a fifth week, reducing their positions to –172.4k contracts (-177.7k last and down from a recent high point of –196.3k at the start of February). If specs are covering EUR shorts, the clear downward pressure on the EUR may be related to portfolio shifts rather than leveraged, directional positioning. With the ECB poised to start QE next week and the EUR itself falling to new cycle lows this week, spec short activity may (should) pick up.'

Good luck.

Mar 09 2015 at 04:13
834 posts
It looks like the eur/usd maintains its prevailing long term bearish bias.

honeill (honeill)
Mar 09 2015 at 10:27
1141 posts
EURUSD plunged fast and hard on Friday’s session with a wide range day of 195 pips and closed near the low of the day. The pair is still in a bearish phase and trading well below the 10-day moving average. The stochastic in showing an oversold market but even with the pair well into oversold territory, we should not fight the strong downward trend.

"I trade to make money not to be right."
Mar 09 2015 at 10:52
406 posts
EUR/USD as of right now with a gap DOWN 1.0828

Mar 09 2015 at 12:19
774 posts
The downtrend on the EURUSD stays in place, even though it is pulling back up at the moment. If the 1.0900 level proves to be a good resistance, then the downtrend may resume and lower lows may be seen.

Mar 09 2015 at 15:38
372 posts
EUR / USD fell after the non-agricultural payments have risen more than expected in February.
The pair fell below the now support barrier resistance in 1.0915.
The technical oscillators indicate an acceleration in the decline and paving the way for further declines in EUR / USD.
The RSI is within your oversold territory and is pointing down, the MACD below the zero line and signal.
The pair is proving lower minimum and maximum below both moving averages 50 and 200 days.

Mar 09 2015 at 16:31
1117 posts
EUR/USD moved to the upside only to form a doji candlestick on the 4-hour filter chart. Consolidation continues but the bearish trend will likely continue. I think next target is around 1.07.

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