Edit Your Comment
EUR/USD
Member Since Nov 12, 2010
178 posts
Member Since Jul 10, 2014
1117 posts
May 26, 2015 at 18:29
Member Since Jul 10, 2014
1117 posts
EUR/USD finally broke below the support at 1.0950 and is headed for target 1.0800, but I think that the pair will likely continue descending lower than that, possibly reaching 1.0600, where there is another considerable level of support.
Member Since Jun 08, 2014
454 posts
Member Since Oct 11, 2013
775 posts
May 27, 2015 at 08:44
Member Since May 01, 2015
675 posts
The pair recorded another day of decline during yesterday's session after trading in a relatively narrow range. The daily limit values were reached respectively at 1.1009 and 1.0959. Overall the EUR depreciated by 25 pips to a closing price of 1.0977. Perspectives remains negative, which probably will lead the pair to 1.0810.
Member Since Apr 08, 2014
1141 posts
May 27, 2015 at 09:39
Member Since Apr 08, 2014
1141 posts
EURUSD fell on yesterday session after breaking below the 50-day moving average and went straight to a Fibonacci retracement (61.8) at 1.0853 and closed near the low of the day. The currency changed phase from recovery to bearish and we might see some consolidation at these levels, although a break below the 1.0853 could trigger another push downward, this time to a daily support at 1.0622.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
May 27, 2015 at 18:39
Member Since Jul 10, 2014
1117 posts
EUR/USD did almost reach 1.0800 before it bounced off the support at 1.0820. It's currently testing the resistance at 1.0900 and if it breaks above that level it might reach 1.0930.
Member Since Jun 08, 2014
454 posts
May 27, 2015 at 22:42
Member Since Jun 07, 2011
372 posts
EUR / USD continued its decline on Tuesday and managed to reach the territory of our support 1.0865.
The prospects for the short term, remain negative.
Short-term oscillators, give an alert for a possible corrective move that may exist before the continuation of the downward movement.
The prospects for the short term, remain negative.
Short-term oscillators, give an alert for a possible corrective move that may exist before the continuation of the downward movement.
Member Since Nov 12, 2010
178 posts
May 28, 2015 at 06:07
Member Since Nov 12, 2010
178 posts
I'm still thinking we are going to be seeing 1.05 before we see 1.15 again. My current trade is a sell. I believe selling at any point above 1.09 is a good trade with TP at 1.0825 for short term. Longer term, 1.05 of course or at least a little above it.
See my profile or message me for my latest EA
Member Since Apr 08, 2014
1141 posts
May 28, 2015 at 08:02
Member Since Apr 08, 2014
1141 posts
The EURUSD initially fell on yesterday session but found enough buying pressure just below the Fibonacci retracement (61.8) at 1.0853 to turn around and close in the green near the open of the day. Also the Scholastic is an oversold market so we may expect a pause in the downward trend and a retest of the 50-day moving average at 1.0986.
"I trade to make money not to be right."
May 28, 2015 at 10:47
Member Since May 01, 2015
675 posts
The pair broke the three-day series of losses on Wednesday after the euro rose by almost 30 pips to a closing price of 1.0903. The session was not lack of volatility and extreme values were recorded respectively at 1.0928 and 1.0819. The outlook in the short term remains negative, the levels of yesterday’s bottom appear to be immediate target.
Member Since Oct 02, 2014
909 posts
Member Since Oct 02, 2014
909 posts
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.