EUR/USD
Membro Desde Jul 10, 2014
1117 posts
Aug 29, 2015 at 11:23
sherifFares posted:
EUR/USD broke the psychological support 1.1200 and now heading for the next support line 1.1160. but I don't think there will be a break before the market close. I guess it will be a chance for short under the support line.
I think we can expect it to fall much lower than that next week. It will likely reach 1.1070.
Membro Desde Oct 02, 2014
909 posts
Aug 29, 2015 at 15:26
Interesting week ahead.
Positivity
Membro Desde Jun 08, 2014
454 posts
Aug 29, 2015 at 19:59
EUR/USD closed above the MA(20) but a further drop is expected next week let's see i am waiting for the price under the support line 1.1160.
forex_trader_186239
Membro Desde Apr 15, 2014
224 posts
Aug 30, 2015 at 14:19
arigoldman posted:
Interesting week ahead.
Yes, I think it will be like 'The time to buy is when there's blood in the streets'
Membro Desde Nov 19, 2014
169 posts
Aug 30, 2015 at 19:40
......Yet another example of how Consolidation Breakouts with Large Candles lead to False Breakouts....another trap of the market..
EURO USD looked set to break higher with this Large Candle...
...but I expected it to at least pause before either moving sideways or reversing sharply....
This is because these Large Candles, as attractive as they are, hardly lead to successful breakouts.
Figuring this out and identifying the types of Candles that actually lead to profitable breaks was what I had to do...
I cant tell how much money was lost and time spent in spotting the right signals to trade- made a big difference in results.
Although this has taken place on the Daily Chart, these Large Candles are seen across all time frames as well. Its not so much the size in terms of Pips but relative to the other Candles on the time frame being traded. So whether you are a Day or Swing Trader, they will appear from time to time.
Once you can make this distinction, it becomes much easier to avoid these traps.
[B]Duane
DRFXTRADING[/B]
Trade Less, Earn More
Membro Desde Apr 08, 2014
1141 posts
Aug 31, 2015 at 07:58
On Friday session the EURUSD pair fell for the fourth straight day and closed in the red near the low of the day on a narrow range. The currency made a stronger pullback and is trading within a daily support zone from 1.1237 down to 1.1097. A break above the 1.1237 will suggest another up run to 1.1555.
"I trade to make money not to be right."
Aug 31, 2015 at 08:02
On Friday the euro recorded a fall against the dollar. The single currency depreciated for the fourth consecutive session and thus came close to the support at 1.1105. In the short term it is expected price correction and the pair to recover some of the losses by testing the resistance at 1.1329. Trade on Friday launched at 1.1244 and finished 58 pips below. Bulls prevailed in the early hours of the session, but then later the direction was changed and currencies hit bottom for the day at 1.1155.
Membro Desde Jul 10, 2014
1117 posts
Aug 31, 2015 at 16:13
The EUR/USD consolidation continues and the pair is still testing the support at 1.1200. This might continue until the ECB rate decision on Thursday.
Membro Desde Jun 08, 2014
454 posts
Aug 31, 2015 at 16:46
EUR/USD is moving in a tight range and I dont think we will see any sudden movement until the ECB press conference and the NFP.
forex_trader_186239
Membro Desde Apr 15, 2014
224 posts
Sep 01, 2015 at 06:14
Pure chaotic oscillatory behaviour
Membro Desde Oct 11, 2013
775 posts
Sep 01, 2015 at 06:27
Looks like the 1.1300 level is the next resistance for the EURUSD.
Sep 01, 2015 at 06:42
The euro recorded a minimal increase against the dollar. The negative series of the single currency was interrupted, but the couple remained at the lower levels. If short-term expectations justify the adjustment of the price will continue, bullish sentiment will become more intense and currencies will make a test of resistance at 1.1329. Monday session was relatively calm, and the pair ranged in a narrow range. The start was given at a rate of 1.1172, and the finish line was crossed 37 pips higher. Peak of the day was achieved at 1.1261.
Membro Desde Apr 08, 2014
1141 posts
Sep 01, 2015 at 09:45
Yesterday the EURUSD tried to rally but found some resistance at 1.1237 to turn back but managed to close in the green at the middle of the daily range. Looks like the currency will keep pushing higher, the first stop should be the 10-day moving average at 1.1326 and a close above it would suggest a stronger move up to 1.1460 daily resistance.
"I trade to make money not to be right."
Membro Desde Nov 11, 2012
271 posts
Sep 01, 2015 at 09:55
Just a few weeks back EUR was being considered as doomed currency and reaching parity soon. Today it has become the safe haven. Fundamental analysis......LOL
antariks1@
Membro Desde Nov 21, 2011
1718 posts
Sep 01, 2015 at 11:37
takechance posted:
Just a few weeks back EUR was being considered as doomed currency and reaching parity soon. Today it has become the safe haven. Fundamental analysis......LOL
You are just unaware of massive world changes
