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fall of eur/usd
Membre depuis May 08, 2014
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Membre depuis Oct 11, 2013
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Membre depuis Jan 31, 2014
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Membre depuis Apr 08, 2014
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May 15, 2014 at 11:13
Membre depuis Apr 08, 2014
posts 1141
No pullback on EURUSD yet amazing strait down. Looks like “sell in May and go away” applies to this pair.
My 1st target is 1.3561, 2nd target is 1.3476 and last is 1.3380.
My 1st target is 1.3561, 2nd target is 1.3476 and last is 1.3380.
"I trade to make money not to be right."
Membre depuis Jan 31, 2014
posts 83
Membre depuis May 08, 2014
posts 9
Membre depuis Oct 11, 2013
posts 775
Membre depuis Apr 08, 2014
posts 1141
May 16, 2014 at 08:48
Membre depuis Apr 08, 2014
posts 1141
I fully agree with you. I can see now the 1.38 level is a real possibility.
"I trade to make money not to be right."
Membre depuis Apr 08, 2014
posts 1141
May 20, 2014 at 09:42
Membre depuis Apr 08, 2014
posts 1141
The 200 day moving average is proving to be a strong support, now at 1.3685 level.
"I trade to make money not to be right."
Membre depuis Oct 11, 2013
posts 775
forex_trader_29148
Membre depuis Feb 11, 2011
posts 1916
forex_trader_28403
Membre depuis Jan 31, 2011
posts 2
May 27, 2014 at 12:21
Membre depuis Jan 31, 2011
posts 2
News u can use...
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/USD to grind lower towards year-end.
'I have updated my simple EUR/USD with projections based on the forward interest rate and curve, and the simplistic assumption that that peripheral spreads are range-bound from here. The upshot is that EUR/USD ‘should' end 2014 at 1.3230, a little below current levels, getting to 1.25 in 2014 and 1.20 in 2016.'
'This week's focus in Europe will be on further comment from ECB officials (though Mr Draghi yesterday seemed clear enough: They will ease in at the June 5 council meeting). The last two ECB rate cuts saw the Euro fall briefly and then bounce. This week's bounce in EUR/USD probably can't go much further, and is a chance to sell.'
There's space where u can buy up to resistance but according to this guy, the euro is going to continue to fall. It's not going to happen all at once..... but supposedly its getting weaker & the dollar is getting stronger.
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects the EUR/USD to grind lower towards year-end.
'I have updated my simple EUR/USD with projections based on the forward interest rate and curve, and the simplistic assumption that that peripheral spreads are range-bound from here. The upshot is that EUR/USD ‘should' end 2014 at 1.3230, a little below current levels, getting to 1.25 in 2014 and 1.20 in 2016.'
'This week's focus in Europe will be on further comment from ECB officials (though Mr Draghi yesterday seemed clear enough: They will ease in at the June 5 council meeting). The last two ECB rate cuts saw the Euro fall briefly and then bounce. This week's bounce in EUR/USD probably can't go much further, and is a chance to sell.'
There's space where u can buy up to resistance but according to this guy, the euro is going to continue to fall. It's not going to happen all at once..... but supposedly its getting weaker & the dollar is getting stronger.
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