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Euro vs US Dollar M15 Live Forex Chart
EURUSD,M15 Chart By darkdome
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darkdome
May 15, 2013 at 06:24
! Entered the Sell Order at 1.2920..now waiting for it to hit the TP - 1.2800.
darkdome
May 14, 2013 at 16:26
Technical Side:
Hit resistance at 1.2960 and testing of support at 1.320 . - Along the Line of 2 Standard Deviation.
Fundamental Side:
USD - Expected to strengthen Due to report of imports dropping, Increasing total Net Export.
+ Positive gains on US stocks.
EUR - News: " LONDON - European companies lost 350 billion euros last year due to late or unpaid bills, underlining fears that small businesses expected to drive economic recovery are faltering in a prolonged recession."
This might cause heavy selling on the Euro. Weakening the euro on the long term.
Overall:
Since Euro is expected to strengthen against the USD leading to a downtrend and may break the 1.296 level.
A Sell Pending onder has been placed at 1.2920 and TP set at 1.2800 : SL set at 1.2975
Risk to reward Ratio is 2.18 : 1 .
Hit resistance at 1.2960 and testing of support at 1.320 . - Along the Line of 2 Standard Deviation.
Fundamental Side:
USD - Expected to strengthen Due to report of imports dropping, Increasing total Net Export.
+ Positive gains on US stocks.
EUR - News: " LONDON - European companies lost 350 billion euros last year due to late or unpaid bills, underlining fears that small businesses expected to drive economic recovery are faltering in a prolonged recession."
This might cause heavy selling on the Euro. Weakening the euro on the long term.
Overall:
Since Euro is expected to strengthen against the USD leading to a downtrend and may break the 1.296 level.
A Sell Pending onder has been placed at 1.2920 and TP set at 1.2800 : SL set at 1.2975
Risk to reward Ratio is 2.18 : 1 .
