To use chat, please login.
Back to contacts
alexforex007
Apr 13 2015 at 02:29
774 posts
Yes, very important fundamentals for this week which could affect the EURUSD like retail sales from the US and the ECB's press conference.

samson
samson35
Apr 13 2015 at 06:59
4 posts
expeting eurusd to hit below 1.050 this week. bearish trend continuation.

honeill (honeill)
Apr 13 2015 at 07:56
1141 posts
EURUSD fell on Friday’s session for the 4th straight day and close in the red on the middle of the daily range. The entered a daily support zone [1.06220 | 1.04620] and we may see some choppy action until a clear breakout of this area. On Tuesdays we will have the US Retail sales and on Wednesday we will have the ECB Monetary policy statement and press conference that my set the tone for the rest of the week.

"I trade to make money not to be right." |
BenNathanFX (BenNathanFX)
Apr 13 2015 at 09:00
137 posts
honeill posted:
EURUSD fell on Friday’s session for the 4th straight day and close in the red on the middle of the daily range. The entered a daily support zone [1.06220 | 1.04620] and we may see some choppy action until a clear breakout of this area. On Tuesdays we will have the US Retail sales and on Wednesday we will have the ECB Monetary policy statement and press conference that my set the tone for the rest of the week.


Kudos to Hugo for looking at the important stuff ie the fundamentals :) I'm also looking to see what kind of follow up to the fomc we have.

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
alexforex007
Apr 13 2015 at 12:05
774 posts
Fundamentals is what really move the markets, that is why we cannot ignore them. The Technicals may give us an idea of how high or low a market may go, but the markets are not going to move if there is no fundamental reason to do so.

BenNathanFX (BenNathanFX)
Apr 13 2015 at 12:14
137 posts
alexforex007 posted:
Fundamentals is what really move the markets, that is why we cannot ignore them. The Technicals may give us an idea of how high or low a market may go, but the markets are not going to move if there is no fundamental reason to do so.


So true - a trader who ignores the Fundamentals can't succeed in the long term, its that simple.

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
bewayopa
Apr 13 2015 at 14:09
372 posts
EUR / USD fell on Friday, breaking down the barrier support, now resistance of 1.0650.
The daily momentum is bearish and open the way to future falls.
The RSI to 14 days hit resistance just above the 50 line and went down, while the daily MACD, already negative, rose and fell below its signal line.
In the bigger picture, the EUR / USD is still trading below the moving averages 50 and 200 days.

Abdul2012
Apr 13 2015 at 17:51
413 posts
EUR/USD fell down today to 1.0521 and rebound from the 1.0500 support level but the dollar still stronger than the euro and i am expecting more down in the future.

peeterwoolf
Apr 14 2015 at 00:19
230 posts
Abdul2012 posted:
EUR/USD fell down today to 1.0521 and rebound from the 1.0500 support level but the dollar still stronger than the euro and i am expecting more down in the future.


Greek concerns continue to give pressure to Euro, the Euro rebound from the new low 1.0521 but the bounce was capped by 1.0600 level.

csc2009
Apr 14 2015 at 01:16
834 posts
Greek concerns continue to give pressure to Euro, the Euro rebound from the new low 1.0521 but the bounce was capped by 1.0600 level.

Small correction, but the trend is clearly bearish.

Please login to comment .