EUR/USD
Member Since Apr 14, 2014
230 posts
Aug 28, 2014 at 01:25
We have inflation data from Germany today will determine whether the Euro's would continue the downtrend further.
Member Since Mar 31, 2014
2 posts
Aug 28, 2014 at 09:01
The data from Germany today will take the Eur down...100%
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Member Since Apr 08, 2014
1141 posts
Aug 28, 2014 at 09:04
The EURUSD rose during the course of last day session, testing the 1.32 level. Being an area of significant resistance, the gap lower that happened at the beginning of the week is still in effect and it should act as resistance, it should offer nice selling opportunities.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Aug 28, 2014 at 14:08
I think it will either form a double bottom and start rising again or it will break through the support level at 1.3250 and continue its descent.
Aug 28, 2014 at 23:34
The Euro has been resilient during the European morning, after the unchanged unemployment rate of Germany.
All European IPC's remained unchanged or higher by 0.1 points over-year basis, indicating that the national inflation rate is also likely to remain unchanged or higher.
However, expectations of robust US data later in the day are likely to give a clear direction to the EUR / USD, if the predictions are right and if there is no occurrence of unanticipated events.
All European IPC's remained unchanged or higher by 0.1 points over-year basis, indicating that the national inflation rate is also likely to remain unchanged or higher.
However, expectations of robust US data later in the day are likely to give a clear direction to the EUR / USD, if the predictions are right and if there is no occurrence of unanticipated events.
Member Since Nov 11, 2012
271 posts
Aug 28, 2014 at 23:42
(edited Aug 28, 2014 at 23:43)
Today I will aim to short EUR at 1.3222-1.3225 with stop at 1.3260.
Profit target could be anywhere around 1.3170 to 1.3180 in a few a days time.
If my stop is hit then would again try shorting at 1.33 level.
Cheers and enjoy your trading.
Profit target could be anywhere around 1.3170 to 1.3180 in a few a days time.
If my stop is hit then would again try shorting at 1.33 level.
Cheers and enjoy your trading.
antariks1@
Member Since Apr 08, 2014
1141 posts
Aug 29, 2014 at 10:04
takechance posted:
Today I will aim to short EUR at 1.3222-1.3225 with stop at 1.3260.
Profit target could be anywhere around 1.3170 to 1.3180 in a few a days time.
If my stop is hit then would again try shorting at 1.33 level.
Cheers and enjoy your trading.
I fully agree with you Arup Nag.
EURUSD tried to close Mondays GAP rallying again during yesterday session, but yet again the 1.32 level has offered resistance. The US dollar looks like it’s still strong, and as a result selling the Euro is the less risky trade to do in this market.
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Aug 29, 2014 at 11:18
even with all the negative data on the euro today price still holding without a major break down. I'm still waiting for the uptrend
Member Since Jul 10, 2014
1117 posts
Aug 29, 2014 at 11:28
Personally I think EUR/USD is quite oversold but for the moment I am not seeing any signal that a more long-term correction is about to begin.
Aug 29, 2014 at 17:39
The euro held steady against the dollar in European morning after the unemployment rate in the eurozone remain unchanged in July and August CPI estimate conform to expectations. However, the fall in inflation to 0.3% yoy in August, the lowest level since November last year 2009, added pressure for the European Central Bank to introduce new stimulus measures, along with TLTROs expected at next week's meeting. Recent weak data from the Eurozone, especially for its strong economy, have left no option for the ECB, but to act as fast as possible to reverse the negative sentiment and spur growth in the region.
Member Since Apr 14, 2014
230 posts
Aug 29, 2014 at 19:07
I'm waiting for what September is going to offer us, is price move below 1.3150 suggest further downside in the new trading month?
Member Since Jun 08, 2014
454 posts
Aug 30, 2014 at 11:54
victoriajensen posted:
Personally I think EUR/USD is quite oversold but for the moment I am not seeing any signal that a more long-term correction is about to begin.
We will never have any uptrend with all the negative European data. everytime the price start to form a reversal pattern and there is a chance of starting to correct comes negative data on the euro to destroy hope
Member Since Apr 14, 2014
230 posts
Aug 31, 2014 at 16:39
I agree, Europe is facing some difficult time.
Member Since Jan 28, 2014
41 posts
Sep 01, 2014 at 06:53
what will happen today?????euro/usd uptrend or keep falling???
Member Since Jun 08, 2014
454 posts
Sep 01, 2014 at 06:55
situation doesn't look good on the euro there is no hope of uptrend with all negative data, deflation rate. and if Europe put more sanctions on Russia we might see a major drop again if not historical.
Member Since Apr 08, 2014
1141 posts
Sep 01, 2014 at 08:56
EURUSD made a new low at 1.3130 and had another negative session on Friday, but did not break below September 2013 low at 1.3102 yet. So EURUSD is expected to head to the 1.31 level, and then eventually the 1.30 level which we see as much more supportive. That being the case, we have a bearish bias and rallies should continue to offer selling opportunities.
Today in U.S. and Canada is Labour Day holiday so volumes are expected to be very light.
Today in U.S. and Canada is Labour Day holiday so volumes are expected to be very light.
"I trade to make money not to be right."
Sep 01, 2014 at 10:20
EURUSD now make new low 1.3118 , and if break it it will get down not to 1.3 but to 1.28 level and if make that ,it mean very high and powerful correction wave to 1.33 level
but till now it is 1.3118 which is support to it , and it is very important point for EURUSD
but till now it is 1.3118 which is support to it , and it is very important point for EURUSD
