[QUOTE=“bobbillbrowne;687844”] Good stuff bro, hope that’s based on your trading plan not my commentary. My bias is still very much bearish but someone out there is buying up big on euro. If it’s not institutes hedging investments or the ECB then someone will be looking to sell for a profit. Or I could be completely wrong!!! lol. It’s also ok to be wrong.[/QUOTE]
I listen to all because it’s hard to trade, news sometimes announce late thus giving us time to think and use trading plan either market goes up or down. Tested the North today but Looks like there’s a huge price action to South, going south for today till New York session opens :), I like to be wrong too
On Yesterday session the EURUSD plunged breaking below 1.07 for the first time in 8 years on the beginning of bond buying program in the Euro Zone. The prospect is to continue selling the EURUSD eying two key levels 1.05 and 1.04.
EUR / USD continued to fall on Tuesday.
The short and long-term trend continues downward to the lowest minimum and maximum and below the two moving averages of 50 and 200 days.
We may soon see to near the 1.0565 minimal April 7, 2003.
But there is a positive divergence between the RSI and the price action is likely however there is a corrective recovery before the next fall.
For Me it feels like the sentiment for the EUR is very very Bearish. I mean i just made 30 pips in like 20 minutes since i came home without using much brains! I don’t know when the Euro will recover, but once it does, it’ll be really quick
[QUOTE=“Gchar;687893”]For Me it feels like the sentiment for the EUR is very very Bearish. I mean i just made 30 pips in like 20 minutes since i came home without using much brains! I don’t know when the Euro will recover, but once it does, it’ll be really quick[/QUOTE]
Right! In my demo account, bearish with no stop lost and target price but it just goes down and made a huge amount of profit
EUR/USD reached and broke below 1.0600 without even slowing down. The bearish trend is as strong as ever and I am starting to suspect the pair won’t stop falling even when it reaches 1.0000.
[QUOTE=“victoriajensen;687959”]EUR/USD reached and broke below 1.0600 without even slowing down. The bearish trend is as strong as ever and I am starting to suspect the pair won’t stop falling even when it reaches 1.0000.[/QUOTE]
Still here bearish! No stop lost and no target price, it’s still sinking! Going to 1.000
Since the beginning of this year EURUSD has fallen more than 12.5% and downward momentum is increasing. The pair fell during yesterday session hitting 1.051 a fresh twelve-year low, without even stopping to breathe. Expecting downward move to a Fibonacci extension at 1.0308 on a break below previous day low at 1.0510.
EUR/USD finally moved to the upside after forming a doji candlestick in the four-hour filter chart. That said, I think the move to the upside is only the beginning of a new consolidation before the pair continues on its way down to parity, as there are no indications so far that the bearish trend is over. In my opinion the consolidation will reach target 1.0800 - 1.0820.
EUR / USD yesterday continued to fall and “hit” the support near the psychological barrier of 1.0500.
The short trend, medium and long term remains strongly negative.
The RSI down the MACD continued to decline, momentum signals that show a strong rate of descent and pave the way for more declines.
However, looking at the 1-hour chart, there is a positive divergence between studies of momentum and action schedules and price.
The recovery, however small, must exist and the current situation of EURUSD urges caution