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EUR/USD
Member Since Oct 11, 2013
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Member Since Jul 10, 2014
1117 posts
Sep 01, 2014 at 12:33
Member Since Jul 10, 2014
1117 posts
There are two dojis in the 4 hour filter so some retracement is expected but I doubt this will be the beginning of a more long-term correction. It will probably continue its descent until reaches 1.3100.
Sep 01, 2014 at 20:00
Member Since Jun 07, 2011
372 posts
The USD traded unchanged or lower against most of its G10 peers during European trading morning.
The 'greenback' lost ground against the NOK, GBP, CHF, EUR and NZD, in that order, while in high only against the SEK. However the currency remained stable against the JPY, CAD and AUD.
The 'greenback' lost ground against the NOK, GBP, CHF, EUR and NZD, in that order, while in high only against the SEK. However the currency remained stable against the JPY, CAD and AUD.
Member Since Apr 14, 2014
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Member Since Oct 11, 2013
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Member Since Jun 08, 2014
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Sep 02, 2014 at 08:51
Member Since Apr 08, 2014
1141 posts
Yesterday, EURUSD made a new fresh low at 1.3118 but went nowhere during a particularly light session due to U.S. and Canada Labour Day holiday. The downward trend is showing some signs of weakness with stochastic displaying oversold conditions so EURUSD is expected to pullback to the 1.32 level ahead of ECB Interest Rate Decision.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Sep 02, 2014 at 11:20
Member Since Jul 10, 2014
1117 posts
I think EUR/USD will reach 1.3100 and will test the support there but I don't think it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
Sep 02, 2014 at 12:17
Member Since Apr 09, 2014
834 posts
victoriajensen posted:
I think EUR/USD will reach 1.3100 and will test the support there but I don't think it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
I agree, it looks like the prices are pressing hard on the 1.3100 level, but whether be able to breakout the level or not will be a question.
Member Since Jul 04, 2014
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Member Since Apr 14, 2014
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Member Since Oct 11, 2013
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Member Since Jun 08, 2014
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Sep 03, 2014 at 10:23
Member Since Apr 08, 2014
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EURUSD initially fell during the course of yesterday session making yet again new lows at 1.3109, but bounced enough to create a hammer pattern. It appears that the market could get a bounce from here to the 1.32 level. Let’s see what ECB brings to the table this Thursday.
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