Is Eur/Usd Set to make its way to 1.1500 area with an ABC retracement From the high of 1.6000.
To the .618 retracement (at 1.1401) of the move from .82607 to 1.600.
I think I could be right. anybody whit a view on this??
If every market participant believes in your view, you have got a holy grail trade !
Thats the problem- It is your individual view and no one knows how many people behind the screen believes in your view Thats why dont predict the market. Adapt to the market.
Adapting to the market is key.
The Euro has drop to the 1.31 level, and it has a great resistance at 1.32. After all the help Greece is having will see if the loses continue or it will make the investors believe in the euro one more time, and the euro start gaining in the london session. Will see because yesterday it was close Jpy, China and London, today is only close Jpy, will see if London give the euro a push.
just broke a trenline drawn from 2005 and 2008 lows. if it retests and falls further from this line this would strenghten my view. now at 1.26266
if that happens i’ll eat my hat.
count on 1.1330 in the near future, then a bottom at 1.0200