- Joined Jun 2009 | Status: Trend Trader | 5,607 Posts
Find a trend and milk it for all it is worth. That's how to be profitable
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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Goldman Sachs expects this to happen soon given the weakness in the U.S. economy as a result of lower business inventory accumulation and a fading fiscal stimulus.
DislikedI am new on this forum and in FX for that matter too.
I went Short @1.2862
Still my idea is bearish on this pair. My guess is that the Fib retracement will not reach the 23.60% and that the pair is following the downward direction as it did the previous days.
EMA(20) & EMA(50) downwards on D1,H4 & H1 charts.
On fundamentals, I don't have a feeling that the EUR will make an upward move.
But as said before that is my novice opinion, like to hear what more advanced traders think what this pair will do and on my point of view on this.
Thanks...Ignored