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EUR/USD
Member Since Apr 14, 2014
230 posts
forex_trader_203813
Member Since Aug 15, 2014
4 posts
Sep 14, 2014 at 06:44
Member Since Aug 15, 2014
4 posts
honeill posted:
EURUSD had a dramatic week, falling once again and losing the 1.30 psychology level as the ECB surprised with strong measures. Will we see more falls or can a correction be expected now?
it is looking a lot like the 2008 fall.
Member Since Apr 08, 2014
1141 posts
Sep 15, 2014 at 06:09
Member Since Apr 08, 2014
1141 posts
EURUSD rose during the course of last Friday session, but the 1.30 level has offered resistance yet again. However, on the weekly chart we have formed a hammer so if the pair can get above the 1.30 level this market will break out to the upside and head towards the 1.3250 level.
"I trade to make money not to be right."
Member Since Jan 28, 2014
41 posts
Member Since Jul 10, 2014
1117 posts
Sep 15, 2014 at 12:19
Member Since Jul 10, 2014
1117 posts
For a moment there I was concerned that EUR/USD might start climbing, but then it formed that black marubozu candlestick on the daily filter chart, convincing me once more it will continue its descent to 1.2750 - 1.2700. That said, we might see some range first so I don't think I will start selling again before I see a clear break below the support level at 1.2860.
Sep 15, 2014 at 14:35
Member Since Jun 07, 2011
372 posts
The dollar traded mixed against its major pairs G10 this monday morning, with no significant economic events. Appreciated against the EUR, NOK and CHF, in that order, and devalued as the GBP, CAD and NZD. The dollar was stable against the JPY, CHF and SEK.
Member Since Jun 08, 2014
454 posts
Member Since Apr 14, 2014
230 posts
Member Since Apr 08, 2014
1141 posts
Sep 16, 2014 at 06:29
Member Since Apr 08, 2014
1141 posts
EURUSD pair fell during most of yesterday session, but bounced from the 10 day moving average closing above it. Because of this, the market is going to try to test the 1.30 level, an area that is significantly resistant. A sustained break above the 1.30 significant level, will push the pair to the 1.32 region, and possibly as high as 1.3250 as there is a gap there. Ultimately, a break of the last week consolidation between 1.2979 and 1.2859 should be tomorrow (Wednesday).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Sep 16, 2014 at 14:29
Member Since Jul 10, 2014
1117 posts
The EUR/USD consolidation continues and I am beginning to suspect we'll have to wait for FED tomorrow before we see any further developments.
Member Since Jun 08, 2014
454 posts
Member Since Apr 14, 2014
230 posts
Member Since Oct 11, 2013
775 posts
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