DislikedWhy do you say so? It's been since London open, and is almost at day high. Wouid be interested in seeing your analysis.Ignored
thanks
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DislikedWhy do you say so? It's been since London open, and is almost at day high. Wouid be interested in seeing your analysis.Ignored
DislikedHi to everyone! The swop to EUR USD has changed in my Broker... Is it right? Do you have the same movement?Ignored
DislikedMorning....good to see some people start to look at a more overall picture...Sure you are all familiar with the DJI....but how many look at the DAX?
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..Ignored
DislikedMorning....good to see some people start to look at a more overall picture...Sure you are all familiar with the DJI....but how many look at the DAX?
Lets put it this way...DAX is the European equivalent of the DJI
If you wonder why EUR has not broken the 1.575 upwards...have a look at the DAX...sure you've noted reluctance for longs to go above 1.575..
Its nearing its lowest again since 2006...which was reached also the 16th of July this year...at that point the EUR just dropped from 1.6 towards 1.58....It wasn't till the DAX recovered before EUR reached 1.591
The DAX reflects Europe's economy..its showing strong signs of weakness..more important..its lagging behind the USA as I posted a while ago, when traders here wondered..why doesn't the EUR break 1.58 again...Europe still has to face what the USA is trying to climb out of..
My forecast today:
Bearish with possible spikes above 1.575 based upon German Data and USD consumer confidence, tomorrow is a much more important day with Unemployment & Crude Oil inventories.
Rangebound today Imo 1.576 - 1.573 unless we see major changes in market sentiment for DAX (Europe) and DJI (USA), read if DAX recovers a possible (small) break towards 1.58, if DJI recovers and Oil falls lower a possible (larger) break below 1.573
As always....Just my 2 cents..Ignored
DislikedWhy 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?Ignored
DislikedWhy 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?Ignored
DislikedWhy 58 ? 5761 or 5771 is anough.. if it crosses those it'll keep going up. But for the moment... anyone still wants to shout "long" ?Ignored