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fall of eur/usd

alexforex007
May 23 2014 at 03:16
774 posts
Will there be more red in the EURUSD? It looks like the pair is holding on to its bearish momentum. More bad economic news from Europe and the pair could very easily continue going lower.

rob559
May 24 2014 at 23:34
1916 posts
k4y (KayS)
May 24 2014 at 23:56
63 posts
I predict, it'll bounce off of the 200P-SMA in D1 and go into bullish mode, also due to the results of the European elections.

k4y (KayS)
May 27 2014 at 00:40
63 posts
Yup, there we go, EURUSD started skyrocketing tonight.
The mighty power of the 200P-SMA once again :)

mathomas1965
May 27 2014 at 12:21
2 posts
News u can use...
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/USD to grind lower towards year-end.

'I have updated my simple EUR/USD with projections based on the forward interest rate and curve, and the simplistic assumption that that peripheral spreads are range-bound from here. The upshot is that EUR/USD ‘should' end 2014 at 1.3230, a little below current levels, getting to 1.25 in 2014 and 1.20 in 2016.'
'This week's focus in Europe will be on further comment from ECB officials (though Mr Draghi yesterday seemed clear enough: They will ease in at the June 5 council meeting). The last two ECB rate cuts saw the Euro fall briefly and then bounce. This week's bounce in EUR/USD probably can't go much further, and is a chance to sell.'

There's space where u can buy up to resistance but according to this guy, the euro is going to continue to fall. It's not going to happen all at once..... but supposedly its getting weaker & the dollar is getting stronger.

k4y (KayS)
May 27 2014 at 12:53
63 posts
Good info, mathomas1965 :)
The bounce wasn't big indeed. I was hoping it would reach a bit higher.

csc2009
May 27 2014 at 14:33
834 posts
That's right, the euro is still weak, bounce is not going much further.

PipGnostic
TheCyclist
May 28 2014 at 07:15
724 posts
US has a weaker dollar policy, I wouldn't trade against that.

csc2009
May 28 2014 at 20:30
834 posts
With the EURUSD is finally break 1.36 level and moving down now below the 200dma (1.3640) we could see euro grind lower towards 1.3500 ahead of the ECB meeting.

tigpips
Jun 18 2014 at 07:39
186 posts
Can't wait

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