EUR/USD performed rather well of late. The pair was supported by hope on a EU rescue package. In addition, global sentiment on risk also turned a bit less negative as recent (US) eco data were not as bad as expected.
Thread: Eur/Usd
EUR/USD performed rather well of late. The pair was supported by hope on a EU rescue package. In addition, global sentiment on risk also turned a bit less negative as recent (US) eco data were not as bad as expected.
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i see in this chart that the candle is going to uptrend in one hour frame so if you buy now make for you two targets you will be able to get them your first target at ( 1.39172 ) and the second at ( 1.39272 )
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EUR/USD opened the Asian session lower after a weekend summit produced no concrete plan for solving Europes economic crisis trading down to 1.3828 from the close of Fridays American session at 1.3895
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Euro on four hours frame break the downtrend and is now moving in an uptrend targeting 1.4 In the case of breaking the uptrend before The target may fall to 1.35 in the case to break the 1.3810
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price is move above Moving Average period 10 and ma 30 in 1h time frame.in my opinion its still bullish
First target must be on 1,3983 and second target at 1,4097
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Whole rebound from 1.5271 is still in progress and initial bias is on the upside for 61.8% retracement of 1.6618 to 1.5271 at 1.6103 next. On the downside, break of 1.5631 support is needed to confirm completion of such rebound
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USDJPY plummeted to a record low of 75.88 early in the New York session. Traders were long dollars and had built up too many positions from last week when risk sentiment was low due to eurozone debt concerns so they were adjusting positions before the weekend and sold off the excess dollars.
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Now we are waiting in the beginning of the week is very important on a pair euro dollar after euro zone's statements that he will be disbursed the second tranche to Aliwanan worth 8 billion euros, and I think because of this statement, we may see the euro-dollar rate exceeds 1.4000 in the near
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in this chart we can see that the candle will downtrend , i use ( one hour frame H1 ) so i supose to sell in this time and make two target the first target at ( 1.38705 ) and the second target is at ( 1.38605 ) and do not forget to make your stop loos at ( 1.40735 ) . good luck in this signal and you will earn more.
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.3900 , so , that's mean the down trend is still standing and the pair is heading to 1.3960 then 1.3820
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