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EUR/USD
Member Since Apr 14, 2014
230 posts
Member Since Nov 28, 2014
1 posts
Member Since Jun 08, 2014
454 posts
Member Since Apr 14, 2014
230 posts
Member Since Apr 08, 2014
1141 posts
Dec 01, 2014 at 09:43
Member Since Apr 08, 2014
1141 posts
EURUSD tried to rally during the session on Friday, but found resistance at the 1.25 handle, and then pullback to form a doji pattern. The pair is in sideways action waiting for a big move one way or another. A close today above the 10 day moving average could push the pair to the 50 day moving average at 1.2571 on the other hand a close below the 10 day moving average can throw the pair to Year low at 1.2357.
"I trade to make money not to be right."
Dec 01, 2014 at 11:50
Member Since Jun 07, 2011
372 posts
EUR / USD gave signs of consolidation on Friday.
From the daily chart, we see that the general trend for the EUR / USD remains downward, but given the positive divergence between daily oscillators and price action are some uncertainties surrounding short-term movements.
R3 - 1.25461
R2 - 1.25179
R1 - 1.24821
Daily Std. Pivot - 1.24539
S1 - 1.24181
S2 - 1.23899
S3 - 1.23541
From the daily chart, we see that the general trend for the EUR / USD remains downward, but given the positive divergence between daily oscillators and price action are some uncertainties surrounding short-term movements.
R3 - 1.25461
R2 - 1.25179
R1 - 1.24821
Daily Std. Pivot - 1.24539
S1 - 1.24181
S2 - 1.23899
S3 - 1.23541
Member Since Jul 10, 2014
1117 posts
Dec 01, 2014 at 16:35
Member Since Jul 10, 2014
1117 posts
It's a slow Monday for EUR/USD. The consolidation continues and it looks like it's headed for target 1.2560, but nothing is certain at the moment.
Member Since Jun 08, 2014
454 posts
Member Since Apr 14, 2014
230 posts
Member Since Oct 11, 2013
775 posts
Member Since Apr 08, 2014
1141 posts
Dec 02, 2014 at 09:44
Member Since Apr 08, 2014
1141 posts
Sideways action in EURUSD during yesterday session, essentially testing the 1.25 handle. The pair continues in a bearish phase, however, we stuck in the middle of the range between 1.24 and 1.25. So the wise thing to do is stay on the sidelines and simply counting down the days to non-farm payroll, which is this Friday.
"I trade to make money not to be right."
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