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Dec 09 2016 at 20:29
675 posts
The EUR/USD pair has turned to bearish mode and is very close to the yearly low pinned this December at 1.0504. The current market price is 1.0551 and the risk is clearly facing the downside, with a break below 1.0500.

VIPROMarkets (VIPROMarkets)
Dec 11 2016 at 07:23
41 posts
EURUSD is still under selling pressure after ECB's decision to taper its monthly bond purchase program causing the pair to crash. EURUSD is currently trading at 1.05668.


Kingace (Kingace)
Dec 11 2016 at 07:41
40 posts
snapdragon1970 posted:
I expect rates to go up

One thing i have learnt in forex over time is not to try to predict were price will go, i just trade what i see on a daily basis....i have disabled my MT4 news feed and i dont pay attention to Inflection points, Parity, 00 levels etc, I JUST TRADE WHAT I SEE

Proverbs 22 vs 29
Kingace (Kingace)
Dec 11 2016 at 07:41
40 posts
No single indicator, not even a Trendline

Proverbs 22 vs 29
snapdragon1970 (snapdragon1970)
Dec 11 2016 at 14:39
1944 posts
Kingace posted:
No single indicator, not even a Trendline

All that stuff is just a short cut representation ,its not a true picture of what is really happening behind the scenes , anyone who tells you any different is deluded , although saying that it does give you a clue as to where retail traders are sitting , that's why you get knocked out so easily.

"They mistook leverage with genius".
arigoldman (arigoldman)
Dec 11 2016 at 14:41
907 posts
Expecting the events unfold this week.

Dec 12 2016 at 02:41
834 posts
Long term downtrend seems intact, but the pair still holds above the support zone 1.0520/00. Another critical week for Eur/Usd, I would wait for Wednesday FED's interest rate decision.

Master Trader
Dec 12 2016 at 07:52
8 posts
Yes, it's in long term downtrend and it continues to fall.

honeill (honeill)
Dec 12 2016 at 09:25
1141 posts
On the last Friday’s session the EURUSD fell again but this time with a narrow range and closed near the low of the day, also managing to close below Thursday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0650, a daily resistance at 1.0622, (support) and the all-time low at 1.0462.

"I trade to make money not to be right." |
Dec 12 2016 at 13:03
1117 posts
EUR/USD has formed an inverted hammer candlestick on the weekly time-frame above the support at 1.0500 after its move to the downside last week. A bounce to the upside is possible, but it's unlikely that will occur before the FED interest rate decision announcement later this week.

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