Originally posted by haney398

EUR / USD
Close:
$ 1.2386
Intraday resistance:
1.2407 / 1.2411 +1.2445 +1.2500 / 1.2515 +1.2575 +1.2626
Intraday supports:
1.2362 + 1.2330 + 1.2289
Tendency today: SIDEWAYS / DOWN
Review:
The euro has slid downward through yesterday, the ECB interest rate decision at midday led to a sharp sell-off.
Since yesterday afternoon, the euro stabilized below the previous low of 1.2407 to 1.2411 USD. with
the relapse under the lows of recent weeks is now a new sell signal is active.
Outlook:
Yesterday's history has clouded the picture massively chart. EUR / USD is now vulnerable to further losses, ideally
but only after a small recovery to 1.2407 to 1.2411 USD or about $ 1.2445 if necessary. After that, the year's low
be targeted at $ 1.2289. Succeed, however, a sustainable return on $ 1.2450, would be bearish
First scenario repealed. A recovery to 1.2500 to 1.2515 USD could then start. New buy signals occur
begin only above $ 1.2550, only then can a new attempt to EMA50 (blue)

Hello haney398. how abr ur trading experience. Is this ur own interpretation?

It is copied. No offense but posting someone's article or thread is not a good way to increase posts. You should share your own experience and your own thoughts with us. It will lead to a good discussion.

I think that EURUSD is way way oversold... but the market tends to do that.  It doesn't mean that it won't be sold off more, but it seems that all the risk currencies are pretty much at multiyear lows.  This might be in preperation for greek default or something else, but at the moment the drop off appears just to be speculation.

It looks like oversold, but overall euro condition is responsible for all this. So this downward trend will more likely continue.