Hi All, Am a newbie, kind of too. Enjoyed watching the ECB 7 yesterday and finding out early this am that Draghma still has some room to play with the <.25 rates on the banks for the Euro. That disclosure yesterday, and the comraderie shown between Barrack and David (cozy pair), with today’s allied leaders going to Normandy, which President Putin was planning to attend as well, came across very well. The Obama round table discussion, easy speak, forum style, include anyone discussion, seemed to make everyone feel included. Did wonders for the EUR/DOL and some of the other pairs until they came too slow between changes to play. You may be right about long term plays, but, I would consider them on everyone at this point for currency trades. Get while the gettin’s good, is what I am hearing from this end and it has been for over the past 10 years or so, and things could change as early as one bump this summer, another in the fall and another next spring or into 2015. Get your assets protected and follow the information on Bitcoins to find out what type of Digital Money and what bitcoins will be worth. FYI, as I don’t know either. But protect your assets, where you have them to make sure they are liquid. All of the Big Boys with the assets have ways have knowledge you wouldn’t believe, outside of any automated picking systems. Very interesting week in the news as well as online. Have a great weekend and trading week.
Eurusd hits new daily lows, it’s testing the 1.3583 support.
The EURUSD is below the 1.36 handle again :59:, but no clear direction. Choppy action all around :15:!
Bearish trend and we may expect the potential targets for the bears will be 1.35375 and 1.35025.
I’m preatty sure the first important support level would be 1.3475. After the price test that we should expect a retracement up to 1.3524. The RSI is next to the “oversold area” and volumes exchanged are decreasing…
Target between 1.3470-1.3450 range would make me happy.:51:
Ready for the break down? I’m waiting for a test at 1.3475, RSI is close to the oversold area, volumes on daily chart are decreasing, and I’m expecting a bounce up after the minimum on the support…
Stay tuned!
The euro continue stay under pressure, eurusd is currently trading below 3 important SMAs(200,100 and 50) on H4 chart, we might see this pair testing 1.3500 level again today.
An important level to watch on EURUSD is the 1.35 handle! If price breaks it to the down side we could see it going as far as 1.3476 or even 1.34 handle.
its important to be careful now with the pair rebound is about to happen either on 1.3520 or 1.3500 testing support line more than once without breaking it gives me some confidence with the rebound
EURUSD is stuck in a 100 pip range between 1.35 and 1.36, so the recommendation is to short @ 1.36 and buy @ 1.35.
yeah just hope price will move from this support line up or down because its stuck for so long at 1.3520
Quite same scenario like 1.36 level. It will probably stuck here for a while.
It starts bounce up from 1.35 level.
price now is stable over the resistance line @1.3555 i think this might push it little bit further to 1.36
EURUSD fell during the course of the session on yesterday, testing the 1.35 level again and bounced high from the massive support area, forming a hammer pattern.
We could see more buying on a break of the yesterday’s highs sending EURUSD looking for the 1.3600 level again.
It looks like the correction did not last too long, the eurusd might test 1.35 level again.
I wish we could see eurusd revisit 1.35 level again today.
EURUSD is in a choppy daily consolidation respecting the support of 1.3511. Can EURUSD break this support and continue downward to 1.3470?
Eur/usd tested 1.35 level again this morning, and its moving upside. I feel this market will be continue to be difficult to buy or sell.