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  • EUR/USD Forecast May 5-9

    From forexcrunch.com

    EUR/USD traded in range throughout the week. Its dips to the downside resulted in quick bounces. The big event of the upcoming week is the rate decision: will Draghi make a bold move? Apart from that, we have services PMIs and a few important German figures. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone inflation rose to 0.7% and core inflation to 1% in the initial data for April. These are still low levels, but perhaps not ones that will force the ECB to act. Draghi’s dilemma is becoming more complicated and the uncertainty towards the decision is ... (full story)

EURUSD may be Bullish
Quoting smsujon07
EURUSD may be Bullish
+1

For three days anyway.
sure target 1.4050
  •  Guest
  • | IP XX.XXX.10.58
no target is ever sure!!!
1.39 would be a good place to sell, 1.4 will be even better , for long term targets.
No guts, no glory
I can't think of a worse advise than waiting for a bad headline
Market wants to make you all belive that eurusd will fly above 1.4xxx . Ya all go long while i build shorts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
i think EURUSD will open above 1.3889 level. and the next sell level will be 1.3966. but it seems that EURUSD will brake the 1.4000 level within a very short time.
i feel it will go down
lot of risk factors ahead.. just watch and see don't jump on ideas.
  •  Guest
  • | IP XX.XXX.4.247
Quoting baghels
i feel it will go down
It will go down capped as it is by 1.38888 and down to 1.37 at which point we review. Of course it is in an uprising as a unit so 1.40, 1.42 and 1.45 are in our projected vector and there is no gain saying we exclude 1.50 but going up or down price moves up and down given trade mean reverting markets (why else does anyone think the VIX index exists - the big boys understand mean reversion and hedge their currency bets that way).

The market is not user friendly The Crow
  •  Guest
  • | IP XXX.XXX.105.33
If EUR/USD break 1.3920 on upward side i think it will show 1.40** figure for a short time and will came down to 1.3700
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