Thread: Eur/usd

I'm thinking to short around 1.4376 as I'm hoping that it still has a little more to go perhaps 1st target 14268 to cut half position then run for another 50 odd pips to around 14220....however the hourly looks like a reversal..maybe a hammer forming..expected that we could retrace up to 14400 level with a few week candles on the way up...would be interested in any thoughts or ideas please guys

just missed out by two pips on my limit to fill, I still think that it may retest 14376 area even from where we are now at 14348, or does anyone think that I have missed the boat....your immediate thoughts would be most welcome

Thanks in advance

Hi All,

I waited and waited for somebody's input in a couple of forums but no joy yesterday...ended up jumping in at 14353 and scooped a 104 pips this afternoon....hope you kept the short as it looks like the dollar got smashed in today's trading....a sea of red for dollar pairs across my currency watchlist....Ill post my up-coming trades on Sunday night if your interested....I'm off for a Cold beer, have a good weekend all!!

Chris

Hi! First time poster but long time reader. Go easy on me! I'm a new poster but I'm a very seasoned trader. I'm getting sick and tired of this Eurozone contagion. One minute everything is dire, the next minute everybody seems to completely forget about the mess, yet in reality nothing has changed; just a mere focus! I'm predicting the Euro will go down to test that 1.38 area we saw tested a on the 12th July.

Yep; I definitely think this Euro looks heavy, especially against a dollar which is gathering a bit of momentum. Dollar seems to be getting stronger across the board; and I think a test of 1.38 area is what traders want; to see how it reacts at that area.

The EUR/USD has gapped down about 100 pips and is currently in the low 1.35's. I think there will be a bounce from here and price will rise to 1.3838 where the previous support was, and from there, price will continue in its downwards trend.

What do you think of that analysis, do you think it's sound?

Aloha! Merkel is now grasping at straws, relying upon Germany for Euro growth and stability; nonsense really.

Take a look at the 4 hourly chart below, these are the trend lines which you need to be looking at.

eurusd5.jpg

I definitely think this Euro looks heavy against the dollar. Good call

The EUR/USD looks severely oversold. I think there'll be some kind of correction before another down- leg.

Looks like price is heading down towards the 1.3160 level again, with a likely breakthough.

Price has now broken through down the 1.3160 level. I am expecting price to retrace back up towards the 1.3160 level to retest this, with a rejection and a subsequent test of 1.30