EUR/USD

Amazing profits today. $860 on one account and $1266 on the other :) All manual trading.

It was clear that the free fall for the EURUSD will continue and next week as well :)

EUR/USD went down yesterday after the ECB has presented a QE stronger and lasting than expected.
The short and long-term trend is downward and the momentum shows it clearly.
The RSI in oversold, touched the 30 line resistance and moved downwards, the daily MACD continued to fall into negative territory.
R3 - 1.19036
R2 - 1.17762
R1 - 1.15705
Daily Std. Pivot - 1.14431
S1 - 1.12374
S2 - 1.11100
S3 - 1.09043
https://bewayopa.wordpress.com/

It's amazing what is happening to the Euro and let's see if there will be another fall when the price opens on Monday.

The Euro stays weak, and the upcoming fundamentals, if the prove to be less than expected can take the EURUSD lower.

Currently in a Sell Position, I think we will break through 1.11 and head below 1.10 in the next 24 hours.

might be totally irrelevant, but anyone considered if fomc might too cut rates by prolly 0.05bp next week? think of it. Engine running on turbo tend to overheat. which we are obviously now seeing. cooling it down a tad allows it to run longer... This is an endurance race not a sprint.. what u guys think?

bestdarngood posted:
Currently in a Sell Position, I think we will break through 1.11 and head below 1.10 in the next 24 hours.

I don't think that we will see 1.1xxx within the next 24 hours but I am certain that long term short positions are an excellent idea.

Good luck with your sell positions!

EURUSD initially fell during the course of the session on Friday, breaking below the 1.11 handle. However, we ended up finding enough buyers down there to turn things back up but still closing well in the red. A retracement could offer us a selling opportunity at higher levels such as the 1.1460 level.

The EUR/USD chart opened with a small gap after the elections in Greece on Sunday which the pair quickly recovered and it appears to be consolidating again. I think the bearish trend isn't over yet and next target is likely 1.1000.

I don't think the correction will last long the volatility are not strong. price will lose momentum quickly and continue the bearish trend

I agree and I think that the pair will break throw the 1.10 soon and heading to 1.08 too.

Hi guys,
Sell @ 1.1285; TP: 1.1220. Good Luck

After known the victory of the anti-austerity Greek party, Syriza, the EURUSD has been with the support zone of 1.1122 (S1), determined by the minimum of September 17, 2003.
The short-term trend remains downward.
However, knowing that the fall from Thursday was too great, and that the European indices have been very positive is important to anticipate a corrective upward movement before the EUR go his way.
R3 - 1.15189
R2 - 1.14069
R1 - 1.13206
Daily Std. Pivot - 1.12086
S1 - 1.11223
S2 - 1.09240
S3 - 1.09240
https://bewayopa.wordpress.com/

We can see some kind of corrective bounce in the euro, but I think the bounce would not alter eur long term bearish trend.

peeterwoolf posted:
We can see some kind of corrective bounce in the euro, but I think the bounce would not alter eur long term bearish trend.

You are right, yesterday's correction movement suggesting bears taking a break, the euro could still drop to below 1.100 soon enough.

Lets see if the EURUSD breaks above the 1.1300 level or if it turns back down and tries to break below the 1.1100 like it already did.

motaz82 posted:
Hi guys,
Sell @ 1.1285; TP: 1.1220. Good Luck

😁😐😕

Picking up some short positions over 1.13. Long term view is still down