EUR/USD

The EUR/USD fell to the 1.06-1.07 level today and soon we are going to see more down to the pair as the bearish trend still strong.

Almost all of you say it will go down, I ´M LONG to 1.09´s levels...... and then i will be looking for 1.06 ´s levels again.... let´s see in the coming days...... u can see my performance on MyFxBook page with my real accounts with this long position

ScalpingRus posted:
 EUR/USD is now at the daily r1. Those who have a bias to the sell side will begin to take shorts at these prices, ignoring price action. Let us see what happens now that it has reached the r1

Cholipoop!! is that really you? I've missed you so much since your accounts blew up. I couldn't eat, I couldn't sleep. But now, you are back. Ready to spout more nonsense about price action on 5 min charts (??).

Welcome back cholipop!

The pair is aiming for 1.0910 once again but tough call.

EURUSD initially rose but found enough selling pressure at 50% of Fibonacci retracement to reverse and close near the low of the day in a typical digestion day. The pair should consolidate from 1.08 to 1.05 levels until Tuesday of next week.

https://www.myfxbook.com/files/Jhardy10/eurusd.bmp

it has hit a trend line that was from the past lowest low, if you want info, this should be a good indicator, STOIC Rsi is also odiously saying BUY!

still in the down trend it has not broken the trend lines inner and outer... so honestly the logical thing to do is WAIT and be patient, until it breaks something and go look at another currency pair instead of looking at the highs and lows hoping it will do what you want wait for it to do what it wants and ride the trend, like crazytrader said in one of his posts on his signals.

Jhardy10 posted:
it has hit a trend line that was from the past lowest low, if you want info, this should be a good indicator, STOIC Rsi is also odiously saying BUY!

Greece is back today, but the Euro seems ignore the developments remain in consolidation trading above 1.0700 levels.

csc2009 posted:
Greece is back today, but the Euro seems ignore the developments remain in consolidation trading above 1.0700 levels.

I guess you are right, bullish outlook maintains, I set my target at 1.100.

As I suspected, the EUR/USD consolidation is not over yet. The pair started climbing again and is headed for the resistance at 1.0920. Depending on whether it breaks above that resistance I too think it might reach 1.1000 or climb even higher.

The EUR/USD rose to 1.0882 today sound we gonna see 1.1000 again.

still the price has to break the resistance level at 1.0850 for confirmation that the bullish correction is still valid.

takechance posted:
The pair is aiming for 1.0910 once again but tough call.

Should be able to do this I think.

The broad trend is downward in the long run and the EUR / USD is showing minimum and lower maximum below both moving averages 50 and 200 days.
The RSI, while above 50, pointing down and appears ready to move below its equilibrium barrier, and increased as the MACD may fall below its signal line at any time.

I wish you all a great weekend

Let's see how the market is going to open with the strong resistance ahead.

sherifFares posted:
Let's see how the market is going to open with the strong resistance ahead.

Market currently is gapping up for the open it seems. 1.0839 currently is the price.

I personally have trades in the Short direction for some short term gains. My EA is doing all of my trading lately to relieve my stress. Hopefully the big movements continue and we don't get stuck sideways again. Long term I still think we are heading down to parity before heading back up to 1.20 and back to 'normalcy'. I trade short term though so thank you all for your opinions and analysis of what you believe is going to happen. I think Greece is the main driving factor for further downward movement, but as soon as the US economy starts slowing down because of the unfavorable dollar, or the Fed finally takes action, then we should start seeing much larger upward movement.