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EUR/USD
Miembro desde Jul 10, 2014
posts 1117
May 22, 2015 at 18:45
Miembro desde Jul 10, 2014
posts 1117
EUR/USD is currently testing the support at 1.1010, if it manages to break below that level next week the pair will likely continue descending at least until it reaches target 1.0800.
Miembro desde Jun 08, 2014
posts 454
May 23, 2015 at 12:05
Miembro desde May 01, 2015
posts 675
EUR recorded a slight rise against the USD on Thursday, breaking a series of three consecutive negative sessions. The pair opened at a rate of 1.1093, then reached the lowest level for the day at 1.1080 and the highest level at 1.1180. The euro ended the day at a rate of 1.1111 and if the price went up, the pair will move towards the resistance at 1.1467. Support: 1.1064; 1.0658; 1.0456; Resistance: 1.1467.
Miembro desde Nov 11, 2012
posts 271
May 25, 2015 at 01:17
Miembro desde Nov 11, 2012
posts 271
My bearish outlook due to a huge divergence posted earlier is looking good and a downtrend is taking shape. Someone repeatedly asked me for posting trade recommendations so here is a low risk high potential one.
Sell at 1.0990 with SL at 1.1254. Target1 - 1.0775, Target2 - 1.0631 and Target3 - 1.0198. Stop trailing is advised but discretionary.
Sell at 1.0990 with SL at 1.1254. Target1 - 1.0775, Target2 - 1.0631 and Target3 - 1.0198. Stop trailing is advised but discretionary.
antariks1@
Miembro desde Apr 08, 2014
posts 1141
May 25, 2015 at 08:52
Miembro desde Apr 08, 2014
posts 1141
On Friday session the EURUSD tried to rally but found yet again enough selling pressure near the 1.1186 Fibonacci level to give all its gains back and closed in the red near the low of the day, creating an outside day pattern. This pattern is considered neutral so indecision may create choppy action in the market.
"I trade to make money not to be right."
Miembro desde Oct 11, 2013
posts 775
Miembro desde Nov 19, 2014
posts 169
Miembro desde Jul 10, 2014
posts 1117
May 25, 2015 at 17:20
Miembro desde Jul 10, 2014
posts 1117
EUR/USD is currently testing the support at 1.0950. I think it will likely break below that level and continue descending in the following days. Next target is probably 1.0800, but the pair might descend lower than that.
Miembro desde Jun 08, 2014
posts 454
May 25, 2015 at 20:30
Miembro desde May 01, 2015
posts 675
If this week the price depreciation continues it might close at the end of the week at zone 80% 1.0794 ,and even at zone 90% 1.0732 . In the case of a reasonable foundation the pair may be increased to 1.1220. I'd rather play on trend and will set the targets close to those values.Good luck everybody this week!
Miembro desde Nov 11, 2012
posts 271
May 26, 2015 at 07:18
Miembro desde Nov 11, 2012
posts 271
takechance posted:
My bearish outlook due to a huge divergence posted earlier is looking good and a downtrend is taking shape. Someone repeatedly asked me for posting trade recommendations so here is a low risk high potential one.
Sell at 1.0990 with SL at 1.1254. Target1 - 1.0775, Target2 - 1.0631 and Target3 - 1.0198. Stop trailing is advised but discretionary.
Eur at 1.0890 now and the trade has taken a nice shape. I would bring the SL to BE and let it run. Cheers.
antariks1@
Miembro desde Apr 08, 2014
posts 1141
May 26, 2015 at 08:25
Miembro desde Apr 08, 2014
posts 1141
Yesterday session the EURUSD did not move much due to worldwide bank holiday but still manage to make a doji pattern on the 50-day moving average. A break below 1.0972 the 50-day moving average may trigger a dive to a Fibonacci retracement (61.8) at 1.0853.
"I trade to make money not to be right."
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