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EUR/USD
Membre depuis Jul 10, 2014
posts 1117
Dec 02, 2014 at 14:27
Membre depuis Jul 10, 2014
posts 1117
honeill posted:
Sideways action in EURUSD during yesterday session, essentially testing the 1.25 handle. The pair continues in a bearish phase, however, we stuck in the middle of the range between 1.24 and 1.25. So the wise thing to do is stay on the sidelines and simply counting down the days to non-farm payroll, which is this Friday.
I agree, the EUR/USD consolidation continues today as well and it will likely drag on until the ECB rate decision, Draghi's press-conference and the USD non-farm payrolls later this week.
Dec 02, 2014 at 19:06
Membre depuis Jun 07, 2011
posts 372
EUR / USD moved slightly higher yesterday, but the advance was stopped by the falling trend line.
The daily level, the trend remains downward, but given the positive divergence between daily oscillators continue to leave questions about the short-term EURUSD behavior.
R3 - 1.25970
R2 - 1.25515
R1 - 1.25097
Daily Std. Pivot - 1.24642
S1 - 1.24224
S2 - 1.23769
S3 - 1.23351
The daily level, the trend remains downward, but given the positive divergence between daily oscillators continue to leave questions about the short-term EURUSD behavior.
R3 - 1.25970
R2 - 1.25515
R1 - 1.25097
Daily Std. Pivot - 1.24642
S1 - 1.24224
S2 - 1.23769
S3 - 1.23351
Membre depuis Jun 08, 2014
posts 454
Membre depuis Nov 11, 2012
posts 271
Dec 02, 2014 at 20:03
(édité Dec 02, 2014 at 20:15)
Membre depuis Nov 11, 2012
posts 271
takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.
Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.
Today it can be rewarding to go long from 1.2357 area.
antariks1@
Membre depuis Oct 11, 2013
posts 775
Membre depuis Jan 28, 2014
posts 41
Membre depuis Apr 08, 2014
posts 1141
Dec 03, 2014 at 09:17
Membre depuis Apr 08, 2014
posts 1141
EURUSD has found renewed selling interest to start December, possibly driven by much stronger than expected US construction spending (to offset the slow start to the holiday sales season). The long-term downtrend remains firmly bearish but we will wait to establish a new short until key support at 1.2350 is broken to confirm the bearish momentum.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Dec 03, 2014 at 15:00
Membre depuis Jul 10, 2014
posts 1117
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.
Dec 03, 2014 at 17:07
Membre depuis Jun 07, 2011
posts 372
The PMI of service sector on the EuroZone was revised downwards in November.
The compound PMI fell to its lowest level since June 2013, confirming that the euro area economy lost the momentum which seemed to come gaining.
Weak PMI can mean stagnation and press the ECB to act.
If the ECB on Thursday meeting sends a strong message, it can serve as a catalyst for any increases on EURUSD.
R3 - 1.25450
R2 - 1.25103
R1 - 1.24458
Daily Std. Pivot - 1.24111
S1 - 1.23466
S2 - 1.23119
S3 - 1.22474
The compound PMI fell to its lowest level since June 2013, confirming that the euro area economy lost the momentum which seemed to come gaining.
Weak PMI can mean stagnation and press the ECB to act.
If the ECB on Thursday meeting sends a strong message, it can serve as a catalyst for any increases on EURUSD.
R3 - 1.25450
R2 - 1.25103
R1 - 1.24458
Daily Std. Pivot - 1.24111
S1 - 1.23466
S2 - 1.23119
S3 - 1.22474
Dec 03, 2014 at 19:54
Membre depuis Jun 08, 2014
posts 413
victoriajensen posted:
EUR/USD didn't even wait for the ECB rate decision and the USD non-farm payrolls and it broke below the support at 1.2350. Considering that I think it's very likely the bearish trend will continue with target at least 1.2200.
Most likely you are right about the bearish but it is not going to be soon.
Membre depuis Nov 11, 2012
posts 271
Dec 03, 2014 at 19:55
(édité Dec 03, 2014 at 19:56)
Membre depuis Nov 11, 2012
posts 271
takechance posted:takechance posted:
Going short from 1.2506 was a good decision and is now paying 40 pips. Will analyze and decide soon if it has a chance to go further down to 1.2357.
Price exactly retraced back again yesterday from 1.2506 and now will most probably reach the target 1.2357. Lets see.
Today it can be rewarding to go long from 1.2357 area.
Perfect profit booking from 1.2507 to 1.2357.
Will hold the long from 1.2357 for some more time. Most probably a break even is possible. Today price might retouch the 1.2357 level.
antariks1@
Membre depuis Jun 08, 2014
posts 454
Dec 04, 2014 at 07:42
Membre depuis Jul 01, 2012
posts 30
sherifFares posted:SELL can hold until the end of the week
well we got almost 100 pips drop on the pair with no news at all plus no signal on the chart indicates a drop, the EUR/USD is getting more and more unstable.
nothing is impossible
Membre depuis Jan 28, 2014
posts 41
Membre depuis Apr 08, 2014
posts 1141
Dec 04, 2014 at 09:19
Membre depuis Apr 08, 2014
posts 1141
Bearish downtrend continues as expected and 1.2350 was broken, reinforcing bearish momentum for the trend. Bears remain in control of the pair below the 10-day moving average, currently at 1.2425. The fundamental explanation for the bearishness on the Euro sums up nicely on the following title: “Eurozone suffers from low potential growth and weak competitiveness, while political support for reform remains limited.”
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Dec 04, 2014 at 15:10
Membre depuis Jul 10, 2014
posts 1117
The ECB rate decision certainly had an effect but it was not the effect I was hoping for. Still, despite the movement to the upside I don't believe that the bearish trend is over yet. I still think that the EUR/USD pair will reach target 1.22 sooner or later.
Dec 04, 2014 at 15:45
Membre depuis Jun 07, 2011
posts 372
EUR / USD continued to fall on Wednesday, breaking below the main support line.
These signs designate the momentum 'bearish', and open the way for us to see probably the lowest pair in the near future.
R3 - 1.24552
R2 - 1.24225
R1 - 1.23659
Daily Std. Pivot - 1.23332
S1 - 1.22766
S2 - 1.22439
S3 - 1.21873
https://bewayopa.wordpress.com/
These signs designate the momentum 'bearish', and open the way for us to see probably the lowest pair in the near future.
R3 - 1.24552
R2 - 1.24225
R1 - 1.23659
Daily Std. Pivot - 1.23332
S1 - 1.22766
S2 - 1.22439
S3 - 1.21873
https://bewayopa.wordpress.com/
Membre depuis Jun 08, 2014
posts 454
Dec 04, 2014 at 20:15
Membre depuis Jun 08, 2014
posts 454
victoriajensen posted:
The ECB rate decision certainly had an effect but it was not the effect I was hoping for. Still, despite the movement to the upside I don't believe that the bearish trend is over yet. I still think that the EUR/USD pair will reach target 1.22 sooner or later.
there are no indicators say that the bearish trend has ended. the ECB conference was rather weak It will not help on the long run. tomorrow's american Non-farm payroll will easily crush the Euro.
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