Dislikedis its me,or some1 see the same as i Do? ( the news wasnt good for dollar as many from here expected,so basically, it should go up? )Attachment
AttachmentIgnored
I think you're not or at least have not completely understood how fundamentals work. News is mostly irrelevant with the rare exception of important news (downgrades, financial bailouts, bond yields exploding etc etc)
Right now were in a consolidation area, buyers and sellers are agreeing upon a... price range of what the eur/usd relationship is worth.
There are forces which you cannot control which are beyond your grasp which are willing to defend certain areas this is which we know as support and resistance. Be mindful that big funds, banks etc all have a stake and a position so what it really comes down to right now is supply and demand.
Taken from wikipedia:
QuoteDislikedThe four basic laws of supply and demand are
- If demand increases and supply remains unchanged then higher equilibrium price and quantity.
- If demand decreases and supply remains the same then lower equilibrium price and quantity.
- If supply increases and demand remains unchanged then lower equilibrium price and higher quantity.
- If supply decreases and demand remains the same then higher price and lower quantity.
So you will have to watch price action and set yourself up, right now eur/usd is consolidating which means a breakout will happen in either direction sooner or later depending on several factors.
The point im making if this was TL;DR for you is the following:
News has no effect if sufficient supply/demand are available at key levels