Erfan.Parvini
Long

Structural market movements at its finest!

FX:EURUSD   Euro / U.S. Dollar
EURUSD has been my ultimate favorite pair to monitor and trade for the past several weeks. As illustrated on the chart, the impulsive - correction structural move on this pair, coupled with the fundamental side of the equation with a bullish ECB talking about ending the QE and a retracing DXY has attracted a lot of traders to this pair. I will be monitoring this pair and this week's close, looking for a strong weekly close above the weekly structure. That will open the room for the upside on Euro . Having said that, DXY is getting close to a maji\or support area . Will sit tight and watch the price action. Cheers!
Comment: Nice move today!
Comment: And this thing keeps going!

Comments

Mate its going to touch 1.20 or 1.18 zone..dont sit and watch, trade trade trade.. situation like this dont come everyday.
Reply
@Alinaz26, Not a fan of buying at highs, prefer to wait for a pull back. cheers!
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Alinaz26 Erfan.Parvini
@Erfan.Parvini, I get you mate... good luck, I dont think this rally will stop anytime before 1.18.. sure here and there some dips but Draghi is set you see what happens when Euro is high...
Reply
@Alinaz26, Good luck mate!
Reply
Alinaz26 Erfan.Parvini
@Erfan.Parvini, thanks mate, keep buying.. 1.18 to 1.20 zone has been eyed... good luck
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Alinaz26 Erfan.Parvini
@Erfan.Parvini, Did you put in your Buy???? 1.18 mate.. all the way
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@Alinaz26, Yes I bought several contracts at 61.8 ret. Nice move today!
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Alinaz26 Erfan.Parvini
@Erfan.Parvini, hahahahaha, well done mate.. so did I!!!!! waiting for reversal any idea???
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@Alinaz26, Looking at the big picture, I think 1.2000 by the end of Q3 is very much achievable and then a major retracement until the next steps of ECB and Fed are laid out.
Reply
Alinaz26 Erfan.Parvini
@Erfan.Parvini, Totally agree, Good luck...
Reply
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