FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Results 1 to 4 of 4

Thread: EUR/USD week ahead

  1. #1
    Market Maker ilearn2t's Avatar
    Join Date
    Sep 2008
    Location
    In my house
    Posts
    2,370
    Thanks
    380
    Thanked 211 Times in 160 Posts

    Default EUR/USD week ahead

    Hello Everyone

    Lets look at the possible direction for the week ahead for the EUR/USD.

    Going by the "Weekly" chart and possible swing trading method, the figures look like this

    Current price 1.2921
    Upper movement 1.3300 possible high point 1.3485.
    Lower movement 1.2681 possible low point 1.2572.

    Despite the fact most seem to think the Euro is shrinking, over the last 20 days 10 have closed upward and the same number downward.

    Highest (20 day) 1.3284
    Lowest (20 day) 1.2905

    If we play the swings and roundabouts, I must favour an upward movement this week.

    What do you think ?

    Good luck
    ilearn2t
    Attached Thumbnails Attached Thumbnails eurusd.gif  
    Last edited by ilearn2t; 05-12-2012 at 03:28 PM.

  2. #2
    In Profit
    Join Date
    May 2012
    Posts
    121
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default EUR/USD week ahead - 21 May 2012

    Scenario for the week.
    It should try higher up to 1.2840 - 1.2906. Entry point 1.2774 or 1.2709. After this rise, a correction is expected.

  3. #3
    Market Maker Bobby's Avatar
    Join Date
    Feb 2012
    Location
    Reborn
    Posts
    1,493
    Thanks
    8
    Thanked 75 Times in 54 Posts

    Default


    For weekly view, I'm still not see any bull power here. This weeks will be another 4 bear movement. Our nearest support is in 1.2621. If EU can reach 1.2621 area, we have a chance to have some bull movement there.
    Trading for Living

  4. #4
    Moderator cool user Resolve's Avatar
    Join Date
    Mar 2012
    Location
    India
    Posts
    37,273
    Thanks
    6,095
    Thanked 2,472 Times in 1,447 Posts

    Default

    This topic is being updated for further discussions...

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2020 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us