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  • #1,163,801
  • Mar 6, 2020 9:39am Mar 6, 2020 9:39am
Quoting here2there
{quote} You certainly have an interesting perspective on this. I appreciate the optimism. Nevertheless, I am still annoyed about what is happening to USD.
Look at it positively...when dollar gets super cheap, you will be able to order cheap stuff from all over the world. And when I travel to the US, I will get more dollars for the euro, so we both win.
Everyone can see the chart, but only a few can actually read it.
  • #1,163,802
  • Mar 6, 2020 9:41am Mar 6, 2020 9:41am
Quoting OnlineAddict
{quote} Look at it positively...when dollar gets super cheap, you will be able to order cheap stuff from all over the world. And when I travel to the US, I will get more dollars for the euro, so we both win.
My friend, I live in California, where it is always high prices! I never win here. LOL
Learn from your mistakes and march on.
  • #1,163,803
  • Mar 6, 2020 9:44am Mar 6, 2020 9:44am
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting here2there
{quote} My friend, I live in California, where it is always high prices! I never win here. LOL
True.... and i hate the "we pay for the weather" argument! It ain't that nice.
School of hard knocks
dmj120 Return This Year: na
  • #1,163,804
  • Mar 6, 2020 9:45am Mar 6, 2020 9:45am
Quoting here2there
{quote} My friend, I live in California, where it is always high prices! I never win here. LOL
Well, thats what I say...you will get your stuff cheaply from abroad.

Where in Cali are you? City or suburb?
Everyone can see the chart, but only a few can actually read it.
  • #1,163,805
  • Mar 6, 2020 9:48am Mar 6, 2020 9:48am
Its risky M30 Main support 1.12720 if eur break it all till next day it stay under it
  • #1,163,806
  • Mar 6, 2020 9:50am Mar 6, 2020 9:50am
Quoting OnlineAddict
{quote} Well, thats what I say...you will get your stuff cheaply from abroad. Where in Cali are you? City or suburb?
suburb
Learn from your mistakes and march on.
  • #1,163,807
  • Mar 6, 2020 10:17am Mar 6, 2020 10:17am
Selling pressure is present, but it is apparently not enough to counter the buying pressure at this time.
Learn from your mistakes and march on.
  • #1,163,808
  • Mar 6, 2020 10:26am Mar 6, 2020 10:26am
Quoting ZenNy
{quote} I have closed for the week, hope goes well for you, are you short?
Yes, bro. A little short trade in play. No stop loss. We'll see next week!
  • #1,163,809
  • Mar 6, 2020 10:30am Mar 6, 2020 10:30am
USD needs to stay above this strong support (red line).

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,163,810
  • Mar 6, 2020 10:31am Mar 6, 2020 10:31am
Within a monthly fibonacci scope if we trace the fibo between 0.382 and 0.236 we will have a smaller fibo
which is just at 0.618 and is set aside between 0.618 and 0.382
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  • #1,163,811
  • Mar 6, 2020 10:32am Mar 6, 2020 10:32am
Gold crossed main 1 h support heavy and returned fast at support.I closed short at 1648 before rise.It means eur and gold are very strong.support of eur 1h main-1.12580.but i think can be some retrace -gold had it -H1,eur not yet.Eur soon will have retrace 1H.During all trend up this time eur never crossed this 1h support.
  • #1,163,812
  • Mar 6, 2020 11:02am Mar 6, 2020 11:02am
It is my belief EURUSD will eventually make its way to 1.17.

Hopefully, we will see a 50% retracement soon. That will give people who might be stuck in shorts an opportunity to get out at a lesser loss, break even, or perhaps in profit. Then we can look for low risk buying opportunities.

Don't be deceived. The Euro is not as strong as it appears to be. There is a chance this bullrun could come to an abrupt end and reverse, making its way down to much lower prices. But at this point, it appears this is unlikely.

Nevertheless, we need to be open to the possibility that EURUSD can become strong bearish again. And we need to be ready to act on this if the price action gives a strong sell signal. Paying attention to what happens on higher time frames is important.
Learn from your mistakes and march on.
  • #1,163,813
  • Mar 6, 2020 11:29am Mar 6, 2020 11:29am
Quoting here2there
It is my belief EURUSD will eventually make its way to 1.17. Hopefully, we will see a 50% retracement soon. That will give people who might be stuck in shorts an opportunity to get out at a lesser loss, break even, or perhaps in profit. Then we can look for low risk buying opportunities. Don't be deceived. The Euro is not as strong as it appears to be. There is a chance this bullrun could come to an abrupt end and reverse, making its way down to much lower prices. But at this point, it appears this is unlikely. Nevertheless, we need to be open to...
Why overcomplicate things? EU has moved up 500 pips in two weeks. Of course it will correct itself way more than 50 %. The US interest cut is not going to change that. 2 weeks ago, when the Euro plunged like a stone, people said the Euro is toast, the Euro will never go up, the US economy is superior than that of the EU countries, in turmoil investors turn to safe havens like the USD and so on... Now, two weeks later it is completely the oposite. Graphs are displayed showing the Euro going to heaven suddenly. Jeez chill people. The Euro will drop to new lows within two weeks and then the discussion will be reversed again.
  • #1,163,814
  • Mar 6, 2020 11:31am Mar 6, 2020 11:31am
Quoting here2there
It is my belief EURUSD will eventually make its way to 1.17. Hopefully, we will see a 50% retracement soon. That will give people who might be stuck in shorts an opportunity to get out at a lesser loss, break even, or perhaps in profit. Then we can look for low risk buying opportunities. Don't be deceived. The Euro is not as strong as it appears to be. There is a chance this bullrun could come to an abrupt end and reverse, making its way down to much lower prices. But at this point, it appears this is unlikely. Nevertheless, we need to be open to...
I also believe, a divergence, together with a hammer, corrects at least 50%.
But I take the average and should correct it a little before getting there.
Attached Image (click to enlarge)
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  • #1,163,815
  • Mar 6, 2020 11:31am Mar 6, 2020 11:31am
Quoting OnlineAddict
{quote} {quote} And 96 done...a bounce possible now.
96 tested with a fake break below. Dollar will probably bounce towards 98 now. The higher the better, for more shorts, ideally if it broke above 100 for long term shorts.
Everyone can see the chart, but only a few can actually read it.
  • #1,163,816
  • Mar 6, 2020 11:45am Mar 6, 2020 11:45am
EU, correction wave, finally.
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  • #1,163,817
  • Mar 6, 2020 11:46am Mar 6, 2020 11:46am
Mr. Bear knocked on the door!
  • #1,163,818
  • Mar 6, 2020 11:46am Mar 6, 2020 11:46am
Quoting Daevictus
{quote} The Euro will drop to new lows within two weeks and then the discussion will be reversed again.
It may or may not. We don't know for sure.

It is better to speak in terms of probabilities rather than absolutes when it comes to market predictions.
Learn from your mistakes and march on.
  • #1,163,819
  • Mar 6, 2020 11:49am Mar 6, 2020 11:49am
Quoting here2there
{quote} You don't know that for sure.
Nothing is sure of coure but that’s not my point. As of now, there’s nothing fundamental suggesting otherwise. Just look left and the answers are there.
  • #1,163,820
  • Mar 6, 2020 12:07pm Mar 6, 2020 12:07pm
It depends how eur close weekly.what i see not only on this picture-eur continues up weekly
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