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Thread: EUR/USD

  1. #1
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    EUR/USD

    Thread for EUR/USD discussion - latest news, technical analysis, forecasts and opinions.

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  2. #21
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    As yesterday we suspected that 23.6 might be can break down and today market did it , may be now 23.6 will act several time for support , but if usd remain some weak we would see that a bullish rally for just for the short term

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    Yesterday was a very bad for euro and it close below 1.2950 which means the further extension in down period which yet is hood running , market would likely to break this level of zero fib a nd then settle to next extension level

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    As we said yesterday market is not break and now in extension level so this is why we move more lower the the fibs, now we have a very class point as we have no horizontal support in the chart but trend lines gives support but yesterday was closed with the heavy selling pressure , so if break line breaks it will continue

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    we Got Doji in first arrow and then in second arrow we got railway track bulish pattern which showing more tendency is just about the bullish trend as long price don't break 1.2795 we would see that bulls control the market , might be just retracement

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    as we supposed yesterday we are now in bullish correction at the chart, and more possibility the trend will continue in that direction as long prices above the 1.28.60 because it support by trend lines which yet strong and more bounces will try to push the prices 1.2930

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  7. #26
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    1.2941 is a very critical point for the Eur/Usd market trying to pull through it and yet not success but still there is a very good momentum to break it , because yesterday market did recovery and if prices goes above Ma then more buyer would be interested to buy it

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  8. #27
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    Market is wondering is near about the 38.2 fib level which more likely just a retracement for further upward movement still overall sentiments are that we would see that seller do trades today more , so more chances of seller if prices don't respect the fibo sequence

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  9. #28
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    Might be not much movement today happens due to the holiday reason but Euro is at very classical point because which market try to break thorugh50 then bullish trend start otherwise yet market giving respect and taking pauses at 38.2 fib level , indicating price will drops more

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  10. #29
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    The most trending volume is showing the strength of the bearish trend because market is not getting able to go beyond the level of the 1.30xx , means the down trend is just trying to make it position at the chart

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    As yesterday we talk about Euro making a down trend formation and its did yesterday and today market now will takes the correction , further fall is not expected , but if again prices bounce back from the level 23.6 fib , then rally for the down trend start

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