Navigation

Prev Story | Next Story

  • EUR/USD: 1.35, or 1.25?

    From fxstreet.com

    Read Full Story at fxstreet.com

    For the past 2 months, and after bottoming at 1.2660, the EUR/USD has seen an increasing upside momentum that took the pair to a 1.3307 high past week. Retracement from such high was contained by the 38.2% retracement of the latest bullish leg, and the pair aims back higher standing now above 1.3200. So, what are the chances the pair may continue higher, and what the chances of a top in place and further falls from now on? Much of the answer will depend on the result of the US fiscal cliff negotiations this week. The country needs to reduce deficit, and needs huge tax increases or fiscal cuts, to reach ... (full story)

    • shohug

      7 posts
    • The Williams Percent Range on the weekly chart has crossed over into overbought territory, signaling that a downward correction could occur in the near future. This theory is supported by the MACD/OsMA on the daily chart, which appears close to forming a bearish cross. Opening short positions may be best choice for this pair.

    • k3nshinz3139

        928 posts
    • I was short from 1.322 hope it can go to 1.25

    • mrforex8
      mrforex8's Avatar

      144 posts
    • ECB Rate Down IN January 2013 . EUR/USD Down 1.25

    • jaygee

      1,999 posts
    • oil has legs this morning. sell op here daily 200

    • Guest

      IP XXX.XXX.194.236
    • @ k3nshinz3139: you said short ? and your target 1.25 ..??? its to soon man..

Top of Page

  • Story Stats