EUR/USD

it's time to go long won't go any further down,i mean long term and medium,i don't trade short term

yes if not ,could go down at 1.17

Too much Bearish strength to go up very much. Might see some small bounces, but with the Selling Pressure, it will continue on its path down I believe. Ended basically at the lowest point it hit all day.... Planning to ride the wave down and TP as I see fit. Going against the trend can be risky if you choose to do it. Eurozone/world news is driving this down. Any bad news generally gives the dollar strength as a safe/reserve currency for times of trouble.

EUR/USD reached 1.2000, but I think it will drop even lower and reach 1.1950 or even 1.1900 before correction begins.

We have a gap, all euro pairs are going wild.

Merkel prepared to let Greece exit eurozone is why:

https://news.yahoo.com/merkel-prepared-let-greece-exit-eurozone-report-214759614.html

bestdarngood posted:
Merkel prepared to let Greece exit eurozone is why:

https://news.yahoo.com/merkel-prepared-let-greece-exit-eurozone-report-214759614.html

Euro is in danger.

Looks like a small correction here, then should continue down in my opinion.

yip eying 1.15, way too much bad news coming from europe

The EUR / USD continues to trade on a strong downward trend to reach minimum of nine years with expectations that the ECB implement new measures to stimulate the economy later this January.
The EUR / USD opened with a gap below 1.2000, after a survey giving the far-left party Syriza leadership of 3.1% over the conservatives currently in power.
The elections are scheduled for January 25.
R3 - 1.21422
R2 - 1.21422
R1 - 1.20720
Daily Std. Pivot - 1.20360
S1 - 1.19658
S2 - 1.19298
S3 - 1.18596
https://bewayopa.wordpress.com/

I suspected that EUR/USD might drop to 1.1900, but I did not think it would break below that level so quickly. I think it might actually continue on its way down and reach 1.1800, but then again it is also time for correction.

bewayopa posted:
The EUR / USD continues to trade on a strong downward trend to reach minimum of nine years with expectations that the ECB implement new measures to stimulate the economy later this January.
The EUR / USD opened with a gap below 1.2000, after a survey giving the far-left party Syriza leadership of 3.1% over the conservatives currently in power.
The elections are scheduled for January 25.
R3 - 1.21422
R2 - 1.21422
R1 - 1.20720
Daily Std. Pivot - 1.20360
S1 - 1.19658
S2 - 1.19298
S3 - 1.18596
https://bewayopa.wordpress.com/

That is very useful assessment for today , thank you.

thanks to the German inflation rate we might even see lower levels. but I can't stop to wonder isn't it time for the correction?

So bought a little today at a low point, sold at 1.19400 and gained a position in USD Bull direction of Sell. Believe that we will be going down again in the future, maybe more correction first but seems to be pretty week upside, so better to be in a downward position with all that is going on. Hope you guys are doing good as well.

The pair may just keep falling, because the fundamentals dont show any relief for the Eurozone yet.

two hammers on the daily chart I hope time of correction is here I will wait for a confirmation candle before opening a position

I got the same feeling that the correction will be soon.

The EUR / USD moved slightly lower, after hitting the resistance of 1.1975, but then recovered to trade virtually unchanged.
Short term momentum indicators detect a slowdown in the downward movement by a corrective movement for high is possible.
The RSI sank into oversold territory, went up and now appears to be able to get out of extreme field.
The MACD also and will probably cross above the signal line.
R3 - 1.20300
R2 - 1.19992
R1 - 1.19453
Daily Std. Pivot - 1.19145
S1 - 1.18606
S2 - 1.18298
S3 - 1.17759
https://bewayopa.wordpress.com/

sherifFares posted:
two hammers on the daily chart I hope time of correction is here I will wait for a confirmation candle before opening a position

Maybe we will see 1.1875 first.