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EUR/USD
Miembro desde Oct 11, 2013
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Sep 01, 2014 at 12:33
Miembro desde Jul 10, 2014
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There are two dojis in the 4 hour filter so some retracement is expected but I doubt this will be the beginning of a more long-term correction. It will probably continue its descent until reaches 1.3100.
Sep 01, 2014 at 20:00
Miembro desde Jun 07, 2011
posts 372
The USD traded unchanged or lower against most of its G10 peers during European trading morning.
The 'greenback' lost ground against the NOK, GBP, CHF, EUR and NZD, in that order, while in high only against the SEK. However the currency remained stable against the JPY, CAD and AUD.
The 'greenback' lost ground against the NOK, GBP, CHF, EUR and NZD, in that order, while in high only against the SEK. However the currency remained stable against the JPY, CAD and AUD.
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Sep 02, 2014 at 08:51
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Yesterday, EURUSD made a new fresh low at 1.3118 but went nowhere during a particularly light session due to U.S. and Canada Labour Day holiday. The downward trend is showing some signs of weakness with stochastic displaying oversold conditions so EURUSD is expected to pullback to the 1.32 level ahead of ECB Interest Rate Decision.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
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Sep 02, 2014 at 11:20
Miembro desde Jul 10, 2014
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I think EUR/USD will reach 1.3100 and will test the support there but I don't think it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
Sep 02, 2014 at 12:17
Miembro desde Apr 09, 2014
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victoriajensen posted:
I think EUR/USD will reach 1.3100 and will test the support there but I don't think it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
I agree, it looks like the prices are pressing hard on the 1.3100 level, but whether be able to breakout the level or not will be a question.
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Sep 03, 2014 at 10:23
Miembro desde Apr 08, 2014
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EURUSD initially fell during the course of yesterday session making yet again new lows at 1.3109, but bounced enough to create a hammer pattern. It appears that the market could get a bounce from here to the 1.32 level. Let’s see what ECB brings to the table this Thursday.
"I trade to make money not to be right."
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