AdrianRaymondFX
Short

Waiting for EUR/USD to break $1.08

FX:EURUSD   Euro / U.S. Dollar
I remain firmly bearish on the euro             as I anticipate continued buying on the US dollar             despite Yellen's hinting toward a hold in raising rates in September this week (please read : https://www.tradingview.com/chart/USDOLLAR/qJf9uQCS-I-anticipate-a-USDOLLAR-breakout/). If consumer price data supports the dollar this afternoon, I think the euro             may break the $1.08 level at the beginning of next week. Officially, I see the technical support at $1.0840, but I'd like to see a break below $1.08 just to be safe in order to target $1.05 by the beginning of August. I'm watching the Dow Jones-FXCM US Dollar Index             for a bullish signal above 12,040 points to validate a bearish signal on the euro             .

If the support doesn't break by the beginning of next week (dollar weakness following the US CPI             data will obviously limit the immediate downside potential), I'll be waiting to see what happens around $1.0950 as this is the first key resistance I see.
I follow you in this one, same analesys. Nice, wait and see.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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