predictions on the Euro/Usd

[kia4ever]

hi im in a pretty sizeable position in the euro/usd, what are your predictions for this pair for tomorow and this upcoming week?

btw please don't message me about how i shouldn't be taking advice from people online, I understand the risks and I only want to see what the general consensus is. thanks

[Yarcofin]

My predictions for the EURUSD in the coming days is....

I don't know.
I have been watching the pair looking to get in, but it's been all mixed signals for the past week.

It's in kind of an iffy spot right now where it could go back up to 1.58+, or it could plunge down...

Good luck! I'm in a house of pain with AUDUSD right now, and the indicators looked good..... and they still look good!

Normally I'd throw out an "if I had to gamble" educated guess, but in this case it literally looks 50/50 to me. Actually on second thought I'm approx. 60% sure it's going to go back up within 3-4 days.

[Simy]

I thought it was going to turn up soonish (this week or next) and put a live trade in on that assumption, but got stomped out (didnt look at lower level S&R levels)


Long term I see it going back up, after that I havnt a clue, although it is possible from the news I've been reading that it continues down for awhile. I was under the impression it was going to turn but it is in a downtrend last I looked. (have just recently made back my first 3-4 stupid trades back from the euro/dollar -- unfortunatly its going to take a good 3-4 trades like that to make up the total stupidity factor)

Its really hard to say though, because on one hand I could argue on it turning around, and on the otherhand I could argue on its continuing downtrend -- but I'm still gettting better at this so....

It did break through a support level and is now using it as resistance, and that may help push it down, but I think the general feeling is going to be mixed at best (traders seem to be mixed on the euro/dollar)

[keitsuke]

A few people posting their views isn't really general consensus. Having said that I think the E/U is due for a rebound.

[tymen1]

Originally Posted by Yarcofin

My predictions for the EURUSD in the coming days is....
I don't know. .................
............................

Good luck! I'm in a house of pain with AUDUSD right now, and the indicators looked good..... and they still look good!

You are being very human here Yarcofin!!

Soldier on!!

[johnnykanoo]

I think its a big mistake to "predict" anything. The way to trade is to see when price moves and there is confirmation. Predicting only gets us into trouble. Also when we makle a prediction it makes us biased towards that prediction and sometimes we can't see the obvious. Just my opinon.

[kia4ever]

Originally Posted by johnnykanoo

I think its a big mistake to "predict" anything. The way to trade is to see when price moves and there is confirmation. Predicting only gets us into trouble. Also when we makle a prediction it makes us biased towards that prediction and sometimes we can't see the obvious. Just my opinon.

and what method would that be, can u clarify what u mean by confirmation?

[Simy]

Originally Posted by johnnykanoo

I think its a big mistake to "predict" anything. The way to trade is to see when price moves and there is confirmation. Predicting only gets us into trouble. Also when we makle a prediction it makes us biased towards that prediction and sometimes we can't see the obvious. Just my opinon.

Unfortunatly, with this weeks record (down 2% or so) I'm going to have to agree with you. Its a fun game but allowing myself to play it can get myself into trouble, I think I may add predictions as a point in my system. I'm not a psychic -- Im a trader... well atleast thats how I should be... Thanks for the tip, its definitaly warrented in my case.