anilmangal
Long

EURUSD looks like the C wave up has started.

FX:EURUSD   Euro Fx/U.S. Dollar
10037 21 160
EURUSD             broke out of the consolidation without making a lower low as I was expected on the lower time frame .
Now that it has broken i will be looking to buy any lower degree corrective structure.

Trade with care.

Thank you for your support.
Comment: The DXY is supporting this.
snapshot
Comment: https://www.tradingview.com/chart/5yX0U4hG/
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Training : add to skype mangal457
Do you think can rise up to 1.2? then drop to parity?
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it looks much choppy
+2 Reply
Is it likely to top at any point? This is worst day for the US dollar for while!!
+2 Reply
anilmangal PRO DamonDavies
As you can see , there is more to go ! But I am expecting some consolidation before it continues.
+4 Reply
I may be wrong, but Mario Draghi will help Euro to recover from today's boost. The original traiding idea may still be useful
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SergeiKupriyanov captain_smollett
Dollar drop, not evro
+1 Reply
SergeiKupriyanov SergeiKupriyanov
*euro
+1 Reply
Adriese PRO SergeiKupriyanov
Moving on up until Draghi speaks?
+1 Reply
captain_smollett PRO SergeiKupriyanov
I tried to say that, in my opinion, Draghi will slash the interest rate tomorrow. If USD drops and EUR rises, this will kill EU exporters. Means Germany, the only stable economy in the EU nowadays (UK apart). So, if Germany weakens, the UK may vote "Yes" to the Brexit. If this happens, not sure if EU itself may surivive... Draghi and his gang can simply not afford this risk, so they will just follow the trend :)
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captain_smollett PRO captain_smollett
My bad! For some reason I thought the monetary policy meeting is tomorrow. It´s in March... My apologies! EUR can still live for some time...
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Anil but during friday webinar you were expected a down move with a stop loss above the highest point over 1.11. And now you claim that before you were anticipate uu move, so if you traded a short position, you had to take lose.
+1 Reply
anilmangal PRO LukaszJemiol
"IF" i traded a short but i didn't because there was no short setup. The short was to retest the low before it goes up . In this case they didn't do that , it just went up.
+4 Reply
Agreed Anil, short term buy here though. (My view)
We'll know soon enough.
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IvanLabrie, Think can see the 1.04 this year
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SergeiKupriyanov SergeiKupriyanov
?
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IvanLabrie PRO SergeiKupriyanov
Sub parity after this rally is done.
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Thanks great charts :)
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Hope to go 1.15
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Still going, do you anticipate it to top out at some point?
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immortal9 DamonDavies
Seems 1.1350-1.1400 selling pressure may initiate
Reply
Hi Anilmangal

Can we buy now or little lower? THANK YOU
Reply
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