We wanted to publish the last chart for two reasons: the correct positioning of our stop (-35 pips) and correct bearish SWING to the lower TL of our channel. Draghi yesterday showed once again, all his intelligence, and once again, thanks to his rhetoric, he managed "temporarily" to stop the uptrend on eurusd. We expect a rebound next week, probably after a consolidation at these levels. As can be clearly seen in our previous analysis, we consider very important 1.1070 level, so if we were to drop below this level, the area 1.0990 could limit further descents (1.0850 support long-term). Tomorrow or Sunday will be published an important analysis of the short and medium term. At the moment, We expect a rebound until at least 1.1240 area.
We appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part of it with your "I Like"... Thanks you!
Thanks guys for all your work and opinions. Have a nice week- end 0//
JimJones
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"i Like" particularly 12.40
SolidSnake
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Im in for 1170 at the moment... then will leave it to see what consolidations we get next week and the new sentiment. I think investors now KNOW that Mario will stop the Euro from going up over 1,15-16 which is VERY DANGEROUS because investors will play with that once and again and again pushing this up with low liquidity and entering short at those levels with max liquidity hoping that super mario will come out to fix it... this is the game so lets play it...
JimJones
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well how wrong 12.40 turned out to be,here we are at 1.10. I wish I had kept my short positions open, no matter how high the euro goes these days it seems it's destined to come down again
FXKOPPA
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This is what I think
CryptoCurrency_Inc.
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EUR/USD is in a bear trap. Don't let this bear trap fool up. It will soon reverse and go past 1.17 level
EGEfx
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hi! thank you very much for your precious analysis..I didn't want to share beacuse of your charts are very clear...I think we can see the reaction from the level where we are at now...the first target depends on the time can reach the 1.22... after we see retrace , for the target 2 you pointed 1.25...