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Abdul2012
Sep 30 2014 at 11:05
413 posts
So what you suggest people for today ? short sell cause it is now in 1.2580 ?

victoriajensen
Sep 30 2014 at 14:14
1117 posts
All things considered, I think we can conclude that the bearish EUR/USD trend isn't exhausted yet. It fell 90 pips for the past four hours alone and broke below 1.2600. Personally, I think the next target is 1.2500, although it might go even lower.

Cholipop
Sep 30 2014 at 14:15
406 posts
I don´t trade based on support or resistance. I wait for accumulation, and then take my trades based on that. That is by far the best way to trade instead of trying to pick bottoms or tops. When you guess wrong your account suffer massive losses, and then you revenge trade after that.

PERPETUUMMOBILE (PERPETUUMMOBILE)
Sep 30 2014 at 14:16
136 posts
Abdul2012 posted:
So what you suggest people for today ? short sell cause it is now in 1.2580 ?

sell at the current lowest point (minus 1 pip)
hold on to the trade to 1.2517 (or near there)

"a little bit of knowledge is a dangerous thing"
randallong
Sep 30 2014 at 14:18
1 posts
Oh, i went short at 1.26440. What's so special about 1.2580?

sherifFares
Sep 30 2014 at 19:51
454 posts
I think the target was around 1.2580 for now price is back at 113% fibo level i'll wait breaking it and go again short sell

csc2009
Sep 30 2014 at 20:51
834 posts
sherifFares posted:
I think the target was around 1.2580 for now price is back at 113% fibo level i'll wait breaking it and go again short sell


Sounds good to me.

alexforex007
Oct 01 2014 at 03:55
774 posts
The EURUSD may drop some more and who knows where it is going to stop if the US fundamentals keep beating expectations.

alysharf
Oct 01 2014 at 03:59
29 posts
alysharf posted:
alysharf posted:
now what is new, eurusd make trap for trader to make them go long, and in that way , it is golden player
now only we have 1.2713 as support , then 1.2650 , 1.2533 ,1.2340 and then 1.2240 but i feel it is now near as 1.2650 make it double bottom for 1.2660 at 13/11/2012 , then it will jump up for long step but quick one. which is hard to occur
so i suggest either sideways move or little correction

 i was wrong about that i forgot one more point 1.2420 make it more likely to occur


now it pass to get only 2 points left, 1.2420 and 1.2240 , no need to make hero or make bad act before these points
for me i feel it is 1.2420 will make big stop as move is about 1570 pip down without any correction. that mean if make correction it start by break of 1.3993 point to make new high

Hugo ONeill (honeill)
Oct 01 2014 at 08:21
1141 posts
EURUSD traded sharply lower yesterday after convincingly taking out the November 13, 2012 bottom at 1.2660. The next downside target on a daily chart is Fibonacci extension target at 1.2507. Today is not about support and resistance, but momentum. Watch for volatile swings in either direction as investors focus on what the European Central Bank (ECB) will announce at its policy meeting tomorrow.

"I trade to make money not to be right."
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