Eur/Usd back on track

Page: 1

Oct 10, 2014 12:28 am

#1

Sasha User

Posts: 836
Member since: 16/05/2011

Eur/Usd is getting bearish again. Looks like Usd will drag it below 1.2600 today. I dun think fundamentals will play any part.

Oct 10, 2014 12:32 am

Sasha User

Posts: 836
Member since: 16/05/2011

I forgot to attach chart.

Look the resistance line and current position. Pair is bouncing back.

Attachements:

Oct 13, 2014 09:45 am

uniquetrader User

Posts: 939
Member since: 21/04/2011

Yes. Bearish trend is highly probable. Pair is now trading around 1.2670 and I think it will not go up above 1.2700. So going short will be the best option. There is no important economic data due today

Stick to your rules

Oct 14, 2014 11:38 am

ironical User

Posts: 734
Member since: 22/04/2011

Eur/Usd went above 1.2700 but today it remained bearish and now trading near 1.2650. It has already surprised by touching 1.2760 yesterday and I think this time, it will stay below 1.2700. I am targetting 1.2600.

The good or ill of a man lies within his own will. – Epictetus

Oct 17, 2014 07:57 am

uniquetrader User

Posts: 939
Member since: 21/04/2011

It has already crossed resistance line and looks like it is in the mood to touch 1.3000 again. Overall movement is sideways now and may stay sideways or slightly bearish today. But next week, I think, it will continue upward movement.

Stick to your rules

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