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EUR/USD
Miembro desde Nov 12, 2010
posts 174
Miembro desde Jul 10, 2014
posts 1117
May 26, 2015 at 18:29
Miembro desde Jul 10, 2014
posts 1117
EUR/USD finally broke below the support at 1.0950 and is headed for target 1.0800, but I think that the pair will likely continue descending lower than that, possibly reaching 1.0600, where there is another considerable level of support.
Miembro desde Jun 08, 2014
posts 454
Miembro desde Oct 11, 2013
posts 775
May 27, 2015 at 08:44
Miembro desde May 01, 2015
posts 675
The pair recorded another day of decline during yesterday's session after trading in a relatively narrow range. The daily limit values were reached respectively at 1.1009 and 1.0959. Overall the EUR depreciated by 25 pips to a closing price of 1.0977. Perspectives remains negative, which probably will lead the pair to 1.0810.
Miembro desde Apr 08, 2014
posts 1141
May 27, 2015 at 09:39
Miembro desde Apr 08, 2014
posts 1141
EURUSD fell on yesterday session after breaking below the 50-day moving average and went straight to a Fibonacci retracement (61.8) at 1.0853 and closed near the low of the day. The currency changed phase from recovery to bearish and we might see some consolidation at these levels, although a break below the 1.0853 could trigger another push downward, this time to a daily support at 1.0622.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
May 27, 2015 at 18:39
Miembro desde Jul 10, 2014
posts 1117
EUR/USD did almost reach 1.0800 before it bounced off the support at 1.0820. It's currently testing the resistance at 1.0900 and if it breaks above that level it might reach 1.0930.
Miembro desde Jun 08, 2014
posts 454
May 27, 2015 at 22:42
Miembro desde Jun 07, 2011
posts 372
EUR / USD continued its decline on Tuesday and managed to reach the territory of our support 1.0865.
The prospects for the short term, remain negative.
Short-term oscillators, give an alert for a possible corrective move that may exist before the continuation of the downward movement.
The prospects for the short term, remain negative.
Short-term oscillators, give an alert for a possible corrective move that may exist before the continuation of the downward movement.
Miembro desde Nov 12, 2010
posts 174
May 28, 2015 at 06:07
Miembro desde Nov 12, 2010
posts 174
I'm still thinking we are going to be seeing 1.05 before we see 1.15 again. My current trade is a sell. I believe selling at any point above 1.09 is a good trade with TP at 1.0825 for short term. Longer term, 1.05 of course or at least a little above it.
See my profile or message me for my latest EA
Miembro desde Apr 08, 2014
posts 1141
May 28, 2015 at 08:02
Miembro desde Apr 08, 2014
posts 1141
The EURUSD initially fell on yesterday session but found enough buying pressure just below the Fibonacci retracement (61.8) at 1.0853 to turn around and close in the green near the open of the day. Also the Scholastic is an oversold market so we may expect a pause in the downward trend and a retest of the 50-day moving average at 1.0986.
"I trade to make money not to be right."
May 28, 2015 at 10:47
Miembro desde May 01, 2015
posts 675
The pair broke the three-day series of losses on Wednesday after the euro rose by almost 30 pips to a closing price of 1.0903. The session was not lack of volatility and extreme values were recorded respectively at 1.0928 and 1.0819. The outlook in the short term remains negative, the levels of yesterday’s bottom appear to be immediate target.
Miembro desde Oct 02, 2014
posts 909
Miembro desde Oct 02, 2014
posts 909
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