EURUSD: Keep your long positions!

FX:EURUSD   Euro / U.S. Dollar
2820 11 53
The targets on H4 swing you can see them on the graph published here, upward pressure remains intact at this level. Our analysis on the daily time frame see other goals (published on with an amazing correlation with the most important time frames (weekly). Above 1.1120 area we could find some stop loss of retail traders who have tried to go "short" and this could help to see a working price up 1.1190 area.
Now we can only managed our position.

Look our Setup Plan:
(Click and Play it)
thank you
+1 Reply
On Tuesday, People’s Bank of China (PBoC) surprised markets devaluing the yuan by 1.9 percent, the biggest one-day loss since the creation of the united Chinese currency system in January 1994. This move increases the risks of a new front in a currency war that stretches from the Euro zone to Japan as every nations look to boost their economies. The euro and the yen tumbled around 20 percent against the US dollar in the past 12 months. More than 20 central banks have loosened monetary policy this year to spur growth and fight deflation. Versus the US dollar the Russian Ruble has lost 44 percent, Brazilian Real 35 percent and Indian Rupiah almost 5 percent. The consequence of these devaluations against the Us Dollar is that American economy is starting to suffer. At year-end 2014 the Fed was forecasting nominal GDP growth to accelerate to 4.1% this year. In six months, the Fed has been forced to massively lower its forecast of nominal growth to 2.6%.
China maintained a de facto peg forcing the yuan to be a strong currency. The result is that the economy is not growing as fast as China needs. A report on Saturday showed Chinese exports shrank 8.3 percent in July, compared with a Bloomberg survey’s median estimate of a 1.5 percent.
Chinese authorities built into the market an expectation that they were keeping the currency stable and promoting a greater global use of the yuan. Then all of a sudden, they devalued. Because they devaluate today, markets will continue to look for similar conditions in the future. If exports will continue to fall, markets will expect more depreciation.
Our view is that in a weak global economy, it will take a lot more than a 1.9 percent devaluation to increase Chinese exports. This raises the chances of a future new yuan devaluation that could likely force other central banks to continue to proceed with competitive devaluations.
The debt of Chinese Government should not be an issue for now given the high level of reserve they own in foreign currency.
+4 Reply
MarkLangley SignalSwiss
Great feedback thank you and great early warning signs on your website and continued feedback really great glad i have subscribed to your service
+1 Reply
SignalSwiss MarkLangley
Hi Mark!! ...thanks for your feedback!!
+1 Reply
Perfect match!
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UPDATES SESSION: why should we "sell" Euro?

+1 Reply
IvanLabrie SignalSwiss
It bumped against major resistance.
Not a bad place to close longs.
paulyberndt IvanLabrie
yes,, dollar is at a buy area now on the daily IMO
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H4 UPDATES: Trend remain strong bullish, first step complete!

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