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EUR/USD
Membre depuis Jun 03, 2010
posts 696
Jul 18, 2014 at 07:11
Membre depuis Jun 03, 2010
posts 696
alexforex007 posted:
Lets see if tomorrow we see the EURUSD take a clear direction or if it stays in consolidation just above the 1.3500 level.
There is always no sudden moves at fridays :) Except NFP of course.
PAMM MANAGER // Professional Fund Manager
Membre depuis Nov 21, 2011
posts 8
Membre depuis Jan 31, 2014
posts 83
Membre depuis Jan 31, 2014
posts 83
Jul 18, 2014 at 22:54
Membre depuis Jun 07, 2011
posts 372
In the absence of major economic events, the dollar traded unchanged or lower than most G10 counterparts this morning Friday. Weakened against the NOK, SEK, AUD and CAD in this order, while appreciated versus the JPY. The dollar was unchanged against the CAD, CHF, GBP and EUR.
The Gold followed a similar pattern to the Yen as a 'safe-haven' asset. The precious metal rose about 1.70% after the news of the plane crash in Malaysia but lost some of its gains as the uncertainty of events weakened. The trend of commodity confirmed my opinion that some of the risk off trades that were made yesterday were likely to be reversed.
The Gold followed a similar pattern to the Yen as a 'safe-haven' asset. The precious metal rose about 1.70% after the news of the plane crash in Malaysia but lost some of its gains as the uncertainty of events weakened. The trend of commodity confirmed my opinion that some of the risk off trades that were made yesterday were likely to be reversed.
Membre depuis Jun 08, 2014
posts 454
Membre depuis Apr 14, 2014
posts 230
Jul 20, 2014 at 21:27
(édité Jul 20, 2014 at 21:48)
Membre depuis Apr 14, 2014
posts 230
The euro dipped on Friday to $1.3492 shortly after the Bank of Italy cut its economic outlook, and it recovered later and stayed above $1.35. The euro will probably still trend downward next week, that's being said market stands around crucial point because plane that was shot in Ukraine, this is not just a simple plane crash and this incident will have big effect in the markets soon.
Membre depuis Oct 11, 2013
posts 775
Membre depuis Apr 08, 2014
posts 1141
Jul 21, 2014 at 09:59
Membre depuis Apr 08, 2014
posts 1141
EURUSD initially fell during Friday’s session, but found reasonably support at the 1.35 handle. This area has been supportive for some time now, and is the bottom of a larger consolidation area.
We have the 1.3642 level as a resistance area, and as a result the market could be bought on a break above the high of the hammer as it shows that the bottom of this consolidation area does in fact continue to prove itself.
We have the 1.3642 level as a resistance area, and as a result the market could be bought on a break above the high of the hammer as it shows that the bottom of this consolidation area does in fact continue to prove itself.
"I trade to make money not to be right."
Membre depuis Jun 08, 2014
posts 454
Jul 21, 2014 at 11:59
Membre depuis Jun 08, 2014
posts 454
ifyforex posted:
wooow another great week for eur/usd pulling back week lets target up to 100 pips on long position. don't miss it good luck
I hope it will pull up the 100 pips again but let's see tomorrow maybe the YoY will push the price down
Membre depuis Oct 11, 2013
posts 775
Membre depuis Apr 08, 2014
posts 1141
Jul 22, 2014 at 08:29
Membre depuis Apr 08, 2014
posts 1141
EURUSD tried to rally during yesterday session, but the market failed to hang onto the gains, and turned around moving lower showing a struggle around this area (1.3500 up to 1.3550).
Looks like is going to test the last swing low at 1.3490 or even test the lower support zone at 1.3476.
Looks like is going to test the last swing low at 1.3490 or even test the lower support zone at 1.3476.
"I trade to make money not to be right."
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