EUR/USD

Jun 17, 2012 at 11:03
183,918 Views
9,776 Replies
Member Since Jan 31, 2014   83 posts
Jul 22, 2014 at 10:08
Can it test 1.33000 ?

I think US economy will act positively in 3rd quarter putting pressure on EUR/USD.

Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since Jun 08, 2014   413 posts
Jul 22, 2014 at 11:40
Probably they will, I agree with that.
Member Since Jul 22, 2014   36 posts
Jul 22, 2014 at 12:50
I am looking forward to have it corrected in the coming hours.
as it is low to 1.34850

Any idea, as in how many hours it will be back to 1.35200+ ?
Forex - Currency Trading is for Living |
Member Since Jun 08, 2014   454 posts
Jul 22, 2014 at 12:53
We got an early reaction already on today' data I guess this might be the push what the dollar needed
Member Since Apr 09, 2014   834 posts
Jul 22, 2014 at 16:10
It seems like break, now trading below 1.3480, I guess we can say goodbye to 1.35 level for a while.
vinabao
forex_trader_178891
Member Since Feb 26, 2014   104 posts
Jul 22, 2014 at 16:37
Man .
Alot of trades under water at this level .If the pair down about 50 more pip than many trades would be wipe out for good .

vinabao
forex_trader_178891
Member Since Feb 26, 2014   104 posts
Jul 22, 2014 at 16:39
I think if you still have fund than easy money making going LONG at this level .
Member Since Apr 14, 2014   230 posts
Jul 22, 2014 at 21:59
vinabao posted:
I think if you still have fund than easy money making going LONG at this level .

Is it too soon?
Member Since Jun 07, 2011   372 posts
Jul 22, 2014 at 22:44
The crisis in Ukraine sets the tone, dominated activity Monday. The dollar gained against all of its G10 counterparts (even JPY) the USD and has become a safe haven when there is a general risk aversion. The shares fell as bond prices of oil and Treasuries rose gold with a very small variation.
Member Since Oct 11, 2013   775 posts
Jul 22, 2014 at 22:55
And not only the safe haven status is helping the greenback, also the heating US economy, which may prompt the FED to raise its interest rates sooner than anticipated.
Member Since Jul 22, 2014   36 posts
Jul 23, 2014 at 06:19
Ah |

It has gone down to 1.34600 now 😭 :) 600- pips down from yesterday.
Can any one tell the reason behind this down.



Forex - Currency Trading is for Living |
Member Since Jun 08, 2014   413 posts
Jul 23, 2014 at 08:14
That was the most expected scenario from yesterday and probably it falling to test the 1.33 resistant point today.
Member Since Oct 08, 2011   137 posts
Jul 23, 2014 at 08:25
just look at the weekly chart and forget all the short-term charts. they don't do anybody any good. sell and trade down to 1.33, maybe later to 1.31. Just count the RevHooks on the weekly chart. Usually prices go to the 3rd (near 1.33), sometimes to the 4th. (near 1.31).
"a little bit of knowledge is a dangerous thing"
Member Since Jun 11, 2014   33 posts
Jul 23, 2014 at 08:26
bewayopa posted:
The crisis in Ukraine sets the tone, dominated activity Monday. The dollar gained against all of its G10 counterparts (even JPY) the USD and has become a safe haven when there is a general risk aversion. The shares fell as bond prices of oil and Treasuries rose gold with a very small variation.
you are right and today we are waiting to see the USD Crude Oil Inventories
Member Since Apr 08, 2014   1141 posts
Jul 23, 2014 at 08:48
EURUSD broke down during yesterday session, slicing through the 1.3476 support with ease. That shows real weakness, and as a result the market should continue to go lower, probably heading to the 1.33 level, but today expect a narrow range day.
"I trade to make money not to be right."
Member Since Jul 22, 2014   36 posts
Jul 23, 2014 at 10:31
ifyforex posted:
bewayopa posted:
The crisis in Ukraine sets the tone, dominated activity Monday. The dollar gained against all of its G10 counterparts (even JPY) the USD and has become a safe haven when there is a general risk aversion. The shares fell as bond prices of oil and Treasuries rose gold with a very small variation.
you are right and today we are waiting to see the USD Crude Oil Inventories
Hy, Where can i see the results of USD Crude Old Inventories ?
Kindly provide me any link on it

Thanks
Forex - Currency Trading is for Living |
Member Since Jun 08, 2014   454 posts
Jul 23, 2014 at 12:10
Still I'm with the downtrend unless i see a sign that show that EUR started to regain strength
vinabao
forex_trader_178891
Member Since Feb 26, 2014   104 posts
Jul 23, 2014 at 18:24
sherifFares posted:
Still I'm with the downtrend unless i see a sign that show that EUR started to regain strength
I agree it is down trend .
It is so dangerous to go SHORT at this level . May be wait to pullback 1.35 level .
Member Since Jul 22, 2014   36 posts
Jul 23, 2014 at 19:25
vinabao posted:
sherifFares posted:
Still I'm with the downtrend unless i see a sign that show that EUR started to regain strength
I agree it is down trend .
It is so dangerous to go SHORT at this level . May be wait to pullback 1.35 level .

Yes | I agree too |

Just put 4 buy orders and waiting to get it completed and then I will be out for the time being |
Forex - Currency Trading is for Living |
Member Since Apr 09, 2014   834 posts
Jul 23, 2014 at 21:30
honeill posted:
EURUSD broke down during yesterday session, slicing through the 1.3476 support with ease. That shows real weakness, and as a result the market should continue to go lower, probably heading to the 1.33 level, but today expect a narrow range day.

Indeed narrow range today. We can still see a bearish market, I expect this pair continue downward trend.
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