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fall of eur/usd
Membro Desde May 08, 2014
9 posts
Membro Desde Oct 11, 2013
775 posts
Membro Desde Apr 09, 2014
891 posts
Membro Desde Jan 31, 2014
83 posts
Membro Desde Apr 08, 2014
1141 posts
May 15, 2014 at 11:13
Membro Desde Apr 08, 2014
1141 posts
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."
Membro Desde Jan 31, 2014
83 posts
Membro Desde May 08, 2014
9 posts
Membro Desde Oct 11, 2013
775 posts
Membro Desde Apr 08, 2014
1141 posts
May 16, 2014 at 08:48
Membro Desde Apr 08, 2014
1141 posts
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."
Membro Desde Apr 08, 2014
1141 posts
May 20, 2014 at 09:42
Membro Desde Apr 08, 2014
1141 posts
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."
Membro Desde Oct 11, 2013
775 posts
forex_trader_29148
Membro Desde Feb 11, 2011
1916 posts
forex_trader_28403
Membro Desde Jan 31, 2011
2 posts
May 27, 2014 at 12:21
Membro Desde Jan 31, 2011
2 posts
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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