alexforex007
Medlem sedan Oct 11, 2013
775 inlägg
Apr 11 2014 at 08:45
We must agree that the EUR/USD is clearly overbought and may at any moment make a correction, specially now that it has reached the 1.3900 level, and that there is a higher probability of investors taking their profits off the table. Let us wait and see if indeed the price retraces from this zone.

Apr 11 2014 at 13:33
Yes you are right. The measured level where bulls will take profits are 1.3925-1.3960.
That will not mean change of trend. Just a correction.
That will not mean change of trend. Just a correction.

Apr 11 2014 at 13:35
Yes you are right. Levels 1.3925-1.3960 are where bulls are looking to take profit. For now that will not mean a reversal, just a correction.
alexforex007
Medlem sedan Oct 11, 2013
775 inlägg
Apr 15 2014 at 08:41
That drop from the 1.3900 level has taken it close to the 1.3800, but it hasn't touch it quite yet. A visit to that level could give us a bounce to the upside, but I would prefer a visit to the 1.3787 level around the 200 EMA on the daily chart.

Apr 16 2014 at 21:13
Very unstable behaviour, any long time prediction is difficult...
alexforex007
Medlem sedan Oct 11, 2013
775 inlägg
Apr 17 2014 at 06:36
I think that we should definitely wait for the EURUSD to visit the 1.3900 level for a possible short entry from there.
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