EUR/USD
Member Since Nov 11, 2012
271 posts
Jul 29, 2014 at 21:24
As it could not get support at 1.3425 the next levels on my chart are 1.3375 and 1.3350. I doubt 1.34 will hold.
antariks1@
Member Since Oct 11, 2013
775 posts
Jul 29, 2014 at 22:08
The EURUSD just need a little push lower to touch the 1.3400, but if the Dollar keeps strengthening, it may drop pass that level.
Member Since Apr 08, 2014
1141 posts
Jul 30, 2014 at 01:41
The dollar traded unchanged against its G10 peers during Tuesday
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Jul 30, 2014 at 06:46
big day i have confidence in the downtrend 1.33 lets go
Member Since Apr 08, 2014
1141 posts
Jul 30, 2014 at 14:11
EUR / USD fell below 1.3400 during European morning for the first time since November 13, before leaving the German preliminary CPI for July and expectations of strong U.S. data to be released later in the day.
"I trade to make money not to be right."
Member Since Oct 08, 2011
137 posts
Jul 30, 2014 at 14:24
As I have posted before, there is a 'hanger' bar on the weekly chart priced at 1.3345. There is a good chance that the hanger price will be closed. Support can be found on any time frame - intra-day time frame supports are usually short lived. When looking at the weekly chart I see fairly strong support near 1.2750 and on the monthly chart at near 1.2550. But at this point chances are, that prices will come down to near 1.3300. The ledge entry (sell) on the weekly chart (my last posting) was at 1.3574. The SL should be set at 1.3450. Trading long-term chart timeframes has a big advantage. Once the SL is in positive territory, there is no reason to worry about the trade anymore, and it is time to enter into a new trade - again - using a long-term chart.
"a little bit of knowledge is a dangerous thing"
Member Since Jan 28, 2014
41 posts
Jul 30, 2014 at 19:45
wht happen to euro/usd??
Member Since Oct 11, 2013
775 posts
Jul 31, 2014 at 00:33
The EURUSD has come back to the 1.3400 level, but this time the round number is acting as a resistance instead.
Member Since Jun 08, 2014
454 posts
Jul 31, 2014 at 06:42
bulls are trying to push the price back to 1.34 lets hope we wont see a low range of trading
Member Since Nov 11, 2012
271 posts
Jul 31, 2014 at 21:28
(edited Jul 31, 2014 at 21:50)
takechance posted:
As it could not get support at 1.3425 the next levels on my chart are 1.3375 and 1.3350. I doubt 1.34 will hold.
As expected EUR could not get support at 1.34 and moved towards 1.3375 as per my chart forecasting.
Today is the last day of the week as well as the month so we may see some good retracements upwards as a result of short covering.
My watch levels would be 1.3425, 1.3460 and 1.3500.
antariks1@
Member Since Apr 08, 2014
1141 posts
Jul 31, 2014 at 21:36
The EURUSD eased to trade at 1.3381 and continuing its downtrend even though German employment data was positive but a slight miss in annual CPI might push the ECB to add more stimulus at its next meeting.
The Federal Reserve reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment.
The Federal Reserve reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment.
"I trade to make money not to be right."
Member Since Oct 11, 2013
775 posts
Aug 01, 2014 at 03:44
We just have to wait how tomorrow's fundamentals come out.
