went long on Eur/usd 1.3595. I'm thinking it'll revisit 1.3650 before heading lower.
![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
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DislikedI am with you on that I also use felicias method along with bagovino,and the guppy,south it is!!!!!!!!1Ignored
DislikedI would look if 1.3560-1.3570 holds as support, if it holds I am loading up my longs. I still believe the major uptrend is intact as long as 1.3560 holds and what we are seeing is just a retracement. From fundamentals nothing really changed to cause a change in the trend.
But what do I know? Everything is possible.Ignored
DislikedWow EUR/USD just sliced right through the support zone. Currently trading at 1.3540, lets see if it holds up, and if the downtrend will continue. next support levels I believe is:
15 min chart: 1.3525
1 hour chart: 1.3525
4 hour chart: 1.3520
Daily chart: 1.3335Ignored
DislikedI closed my long at 1.3560. Now i do not know what to do. I will wait and see. I am not sure in general uptrend anymore.Ignored
DislikedDaily weekly and monthy trend is still up, we need to see a break of 1.3350 to break the channel bottom.
IMHO i think this is still a reset and will be looking for a bottom of 1.33ish from where i will be going long at 1.3400 and so on.
just my 2 pips worth
regards
MPPIgnored
DislikedIt really depends on your time horizon, but mine is relatively short. I tend to look at 240min charts. So this is more intermediate term.Ignored
DislikedLooks like I went against the grain here. My reading of the charts led me south. I played the breakout of the range and have been short since 3585. Holding my short currently at 50 pips. Will hold til about 3500 but think this could fall to the 3480s.
Mod - go ahead and delete if not in line w/ Jacko's method.Ignored
DislikedI moved here, because it is a EU discussion as is this thread..
Thanks
He has a slightly different take on the price action, nothing wrong with that.Ignored
DislikedI moved here, because it is a EU discussion as is this thread..
Thanks
He has a slightly different take on the price action, nothing wrong with that.Ignored
DislikedFundamental forecasts held true for Euro and US markets today,
triggering the continued downtrend.
However, if tomorrow's forecasts for the GBP and US dollar
hold, it could be that we shall see a reversal. GBP forecasts
are positive. Since the Euro has been faithfully following the
pound in recent days, it could be that we shall also see
a Euro reversal. This is especially true if the negative
dollar forecasts become a reality.
Hold tight!Ignored