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fall of eur/usd
May 08, 2014 at 13:56
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19 Replies
Member Since May 08, 2014
10 posts
May 08, 2014 at 13:56
eur/usd falling. would it touch support. or market would go up again before touching the support level . 😐
Member Since Oct 11, 2013
769 posts
May 14, 2014 at 06:49
And the EURUSD may continue falling. The consolidation for today may only be a resting point to continue with its bearish momentum. Only thing stopping the fall is some strong fundamental data in favor of the single currency.
Member Since Apr 09, 2014
890 posts
May 14, 2014 at 17:59
You are absolutely right!
Member Since Jan 31, 2014
83 posts
May 14, 2014 at 20:08
Do you think it will go to 1.3640 ?
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since Apr 08, 2014
1140 posts
May 15, 2014 at 11:13
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."
Member Since Jan 31, 2014
83 posts
May 15, 2014 at 12:19
I'm targeting EUR/USD short to 1.3600 by end of day and then further in early trading moving TP down to 1.3580.
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
Member Since May 08, 2014
10 posts
May 15, 2014 at 13:33
oh no
Member Since Oct 11, 2013
769 posts
May 16, 2014 at 07:30
The fall of the EURUSD was halted at the 200 Day Exponential Moving Average and depending on tomorrow's close, there could be a correction to the upside on the pair.
Member Since Apr 08, 2014
1140 posts
May 16, 2014 at 08:48
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."
Member Since Apr 08, 2014
1140 posts
May 20, 2014 at 09:42
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."
Member Since Oct 11, 2013
769 posts
May 23, 2014 at 03:16
Will there be more red in the EURUSD? It looks like the pair is holding on to its bearish momentum. More bad economic news from Europe and the pair could very easily continue going lower.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
May 24, 2014 at 23:34
good deduction
forex_trader_28403
Member Since Jan 31, 2011
2 posts
May 27, 2014 at 12:21
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.
forex_trader_28881
Member Since Feb 07, 2011
691 posts
May 28, 2014 at 07:15
US has a weaker dollar policy, I wouldn't trade against that.
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