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EUR/USD
Mitglied seit Mar 28, 2016
93 Posts
Jun 08, 2016 at 11:01
Mitglied seit Mar 28, 2016
93 Posts
The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.1470. Immediate support remains around 1.1285. A clear break and daily close below that area would be a threat to the bullish scenario retesting the lower line of the bullish channel but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.for more details visit my profile.
Jun 08, 2016 at 11:09
Mitglied seit Nov 16, 2015
708 Posts
The dollar hit a new four-week low against a basket of major currencies on Wednesday. The dollar index, which tracks the US currency against a basket of six major rivals, fell 0.05 percent to 93.779 after falling up to 93.695 - the lowest level since May 11. Euro rose by 0.06 percent to $ 1.1363.
Mitglied seit Jul 10, 2014
1117 Posts
Jun 08, 2016 at 16:31
Mitglied seit Jul 10, 2014
1117 Posts
EUR/USD is still very bullish. The next target is likely the resistance at 1.1430, and if it breaks out above that level it could reach 1.1500 again.
Jun 09, 2016 at 04:54
Mitglied seit May 01, 2015
675 Posts
On Wednesday session EUR/USD was trading in a tight 20 pips wide range. The pair added nearly 40 pips to a closing price of 1.1393. The intraday high was hit at 1.1410 which is a three-week high and the daily low was marked at 1.1354. Currently the pair remains limited by the psychological level at 1.1400, but the outlook is bulish. Possible break will target EUR/USD to 1.1465.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 09, 2016 at 06:39
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1301 (support) and a daily support at 1.1237.
The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1301 (support) and a daily support at 1.1237.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Jun 09, 2016 at 16:07
Mitglied seit Jul 10, 2014
1117 Posts
Clearly there's no end to range in sight. The current move to the downside will likely continue until it reaches 1.1270, which is (MA)89 on the four-hour time-frame.
Mitglied seit Apr 08, 2014
1141 Posts
Jun 10, 2016 at 06:35
Mitglied seit Apr 08, 2014
1141 Posts
Yesterday EURUSD plunged with a wide range, making a bearish engulfing pattern and closed near the low of the day, in addition managed to close below the previous day low, suggesting a strong bearish momentum.
The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1300 (support), the 10-day moving average at 1.1276 and a daily support at 1.1237.
The pair is trading above the 10, 50 and 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1460, the 50-day moving average at 1.1300 (support), the 10-day moving average at 1.1276 and a daily support at 1.1237.
"I trade to make money not to be right."
Mitglied seit Oct 08, 2011
137 Posts
Mitglied seit Oct 08, 2011
137 Posts
Jun 10, 2016 at 10:28
Mitglied seit Oct 08, 2011
137 Posts
Silk posted:
I dont no how to set stop loss, please help me
There is one very simple rule in trading...
'if in doubt - get out!'
Another rule is... 'never trade without a stop'.
Another rule is... 'never move your stop farther from the entry price'
Another rule is... 'always calculate your lot size according to the risk you're willing to take'
as opposed to just guessing or random selecting.
Another rule is... 'never let fear or greed take control of your trading actions'
Most amateur traders are controlled by these emotions - hardly any of them will admit it.
It's the macho/ego that they are controlled by.
FOLLOW THESE SIMPLE RULES and your chances to be successful in the trading business are much greater.
If you don't know how to select SL and how to calculate your lot size (extremely important), then read some of my old posts where some of it is explained.
"a little bit of knowledge is a dangerous thing"
Mitglied seit Jul 10, 2014
1117 Posts
Jun 10, 2016 at 15:48
Mitglied seit Jul 10, 2014
1117 Posts
The move to the downside continued today and EUR/USD reached 1.1270 as I thought it would. If it breaks below that level next target is likely 1.1200.
Jun 10, 2016 at 22:28
Mitglied seit Apr 09, 2014
834 Posts
victoriajensen posted:
The move to the downside continued today and EUR/USD reached 1.1270 as I thought it would. If it breaks below that level next target is likely 1.1200.
I agree, the pair extended further south, hit fresh one week low, next target would be at 1.1200 level.
Mitglied seit Oct 02, 2014
909 Posts
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