Eur/Usd
Eur/Usd is falling quickly towards major support zone of 1.3500. I dont think it will stop before that level. There are no important economic events today so current movement is based on strong technical factors.
Stick to your rules
Eur/Usd has touched 1.3512 in previous week. I think it will bounce back from this point towards 1.3600. Bearish trend is not likely as 1.3500 is acting as strong support zone.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalEur/Usd has touched 1.3512 in previous week. I think it will bounce back from this point towards 1.3600. Bearish trend is not likely as 1.3500 is acting as strong support zone.
Pair went above 1.3600 but since then it is range bound with 1.3677 acting as strong resistance and 1.3500 as strong support. In my opinion current range bound movement will end soon and pair may resume its longterm downtrend.
Pair has gone below 1.3600. I think it will bounce back above 1.3600 by the end of today. There is no important economic event today so any quick movement is not likely.
The good or ill of a man lies within his own will. – Epictetus
Looks like Eur/Usd is starting to get bullish this week. I am looking at 1.3700 which may be achieved in next two days. I dont think it will go below 1.3675 this week.
Stick to your rules
Originally posted by uniquetraderLooks like Eur/Usd is starting to get bullish this week. I am looking at 1.3700 which may be achieved in next two days. I dont think it will go below 1.3675 this week.
After positive FOMC meeting minutes, Usd was expected strengthen. So 1.3600 was not a suprise at all. It is now trading below 1.3600 and loosk like it will end the week below this level.
I am not seeing any signs of bounce back. Looks like Eur/Usd will fall further to 1.3300. Today it is trading sideways but soon it will be trending downwards. Maybe after Home Sales data.
Nothing much happened after Manufacturing PMI from Eurozone countries. Eyes are on Non-farm payrolls and Unemployment rate from U.S. I am not trading at the moment as it will be highly risky to follow technical indicators or Price Action.
The good or ill of a man lies within his own will. – Epictetus
Is Eur/Usd going to stop falling in near future? Looks like it will continue to fall. U.S has show some very good economic data as compared to Eur in past few months
Originally posted by SashaIs Eur/Usd going to stop falling in near future? Looks like it will continue to fall. U.S has show some very good economic data as compared to Eur in past few months
I am also in favor of downtrend. There will be two important support levels this week. Minor support at 1.3330 and strong support around 1.3300. 1.3330 will be crossed but it may take a while before pair goes below 1.3300.
Euro data was weaker but Eur/Usd went above 1.3400 again today. Even though it is back below 1.3370 but it was really surprising. Looks like bearish trend is coming to an end.
The good or ill of a man lies within his own will. – Epictetus