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Biedrs kopš May 01, 2015  675 ieraksti FXWES Dec 09 2016 at 20:29
The EUR/USD pair has turned to bearish mode and is very close to the yearly low pinned this December at 1.0504. The current market price is 1.0551 and the risk is clearly facing the downside, with a break below 1.0500.


Biedrs kopš Dec 22, 2015  41 ieraksti Vipro Markets Back Office (VIPROMarkets) Dec 11 2016 at 07:23
EURUSD is still under selling pressure after ECB's decision to taper its monthly bond purchase program causing the pair to crash. EURUSD is currently trading at 1.05668.


Biedrs kopš Dec 20, 2014  13 ieraksti Tony Ekwemuka (Kingace) Dec 11 2016 at 07:41
snapdragon1970 posted:
I expect rates to go up

One thing i have learnt in forex over time is not to try to predict were price will go, i just trade what i see on a daily basis....i have disabled my MT4 news feed and i dont pay attention to Inflection points, Parity, 00 levels etc, I JUST TRADE WHAT I SEE

Proverbs 22 vs 29

Biedrs kopš Dec 20, 2014  13 ieraksti Tony Ekwemuka (Kingace) Dec 11 2016 at 07:41
No single indicator, not even a Trendline

Proverbs 22 vs 29

Biedrs kopš Sep 12, 2015  1886 ieraksti kieran (snapdragon1970) Dec 11 2016 at 14:39
Kingace posted:
No single indicator, not even a Trendline

All that stuff is just a short cut representation ,its not a true picture of what is really happening behind the scenes , anyone who tells you any different is deluded , although saying that it does give you a clue as to where retail traders are sitting , that's why you get knocked out so easily.

"Mistakes are the portals of discovery",James Joyce.

Biedrs kopš Oct 02, 2014  898 ieraksti Ari Goldman (arigoldman) Dec 11 2016 at 14:41
Expecting the events unfold this week.


Biedrs kopš Apr 09, 2014  834 ieraksti csc2009 Dec 12 2016 at 02:41
Long term downtrend seems intact, but the pair still holds above the support zone 1.0520/00. Another critical week for Eur/Usd, I would wait for Wednesday FED's interest rate decision.


Biedrs kopš Dec 12, 2016  8 ieraksti Master Trader (Street_Trader) Dec 12 2016 at 07:52
Yes, it's in long term downtrend and it continues to fall.


Biedrs kopš Apr 08, 2014  1106 ieraksti Hugo O'Neill (honeill) Dec 12 2016 at 09:25
On the last Friday’s session the EURUSD fell again but this time with a narrow range and closed near the low of the day, also managing to close below Thursday’s low, which suggests a strong bearish momentum.

The currency pair is trading below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a daily resistance at 1.0819 (resistance), a Fibonacci extension at 1.0666 (resistance), the 10-day moving average at 1.0650, a daily resistance at 1.0622, (support) and the all-time low at 1.0462.

"I trade to make money not to be right." |

Biedrs kopš Jul 10, 2014  1108 ieraksti victoriajensen Dec 12 2016 at 13:03
EUR/USD has formed an inverted hammer candlestick on the weekly time-frame above the support at 1.0500 after its move to the downside last week. A bounce to the upside is possible, but it's unlikely that will occur before the FED interest rate decision announcement later this week.

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BoJ Monetary Policy Statement (1h 29min)
Further expecations of US Fed behaviour....(14 min ago)
EURUSD 1.14523 GBPUSD 1.28562
USDJPY 112.546 USDCAD 1.31705







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