EURUSD: Toward a last try to 1.37XXX

FX:EURUSD   Euro / U.S. Dollar
EURUSD             has respond to ECB decision to lower the interest rate. The decision was already known. Market anticipate the decision and from 1.3980, Euro             went down to 1.372 and then 1.3502. ECB confirmed its decision to lower the interest rate, and now the market is in a kind of political equilibrium, but not yet in an equilibrium between BULL and BEARS.
Indicators show clearly that we are at an oversold level. Therefore, there will "normally" go into a corrective trend towards 1.36, then 1.3660, above that level, it may be the dynamic and the last try of BULLS against BEAR and the market may very well try to hit towards 1.372.
And if we do bare in mind that during summer time, there is a respectable balance between USD spent by tourist vs Euro             spent by tourist, although it has a marginal effect, The ultimate target may still be 1.38 or even 1.385.
But overall, after the last try, Euro             should go down towards 1.35, and then 1.33 and even bellow in order to trade between a range of 1.33 and 1.29 because of the tappering olicy of FED, ECB low interest rate, the end of FED's QE3 etc.
Yesterday, I have published the latest state of play with regard EURUSD             pair and the trend remain still the same unless there is a major change in the market.
hi Pashabxl.thanks for your ideal its so great!
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out