Up move retracement then the Bears will eat the Bulls

FX:EURUSD   Euro Fx/U.S. Dollar
The upcoming weeks will put selling pressure on EURO             zone, due to the lack of stability (Greek issue)
The main bias is still bearish , but there is a short term opportunity to gain some pips from the fake bulls run.
Take it with a grain of salt and remember to setup a very tight SL
bullish retracement done, let s see if the fake bull run will stay in place for another 24/48 hours, then the bears will show their power and the EUR will probably drop to darkness.
+1 Reply
IvanLabrie PRO XLaboratories
Check out my USDCAD chart, also this one:


EUR can remain strong vs other currencies that are even weaker, but ultimately all currencies are in a race to see who devaluates faster vs the dollar, in the long term.

Would be interested in seeing gold charts by you my friend.
I always look at it and crude oil as well as stock market indexes and corn to gauge currency relative strength.

+1 Reply
XLaboratories IvanLabrie
nice TA mate, I will put my brain into gold to see if I can find some good correlations. have a nice and profitable week my friend.
Bomb dropped, TP reached, thx for this pre-summer cashout ;)
Nice going mate
+1 Reply
IvanLabrie PRO IvanLabrie
Time to long gold/silver.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out