Razvan
Short

EURUSD - Bears on the move

FX:EURUSD   Euro / U.S. Dollar
EURUSD bounced back before hitting 1.1500. Now is testing a local trend line , but I am expecting it to not hold bears pressure. I am expecting the price to continue dropping towards the 61.8 Fibonacci retracement before another rally.
Trade active
now can sell eu?
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Razvan ChatchaiVong
Depends on the money management and time frame you are using.
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Razvan Razvan
My strategy is to wait for the drop and buy the dip, basically waiting for a good opportunity to buy the Euro.
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ok, wait buy 61.8 , thank so much
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thank so much
+1 Reply
Here are my takes sir.
+1 Reply
Razvan ElPatron.Y
Big targets, USDCAD looks very good, but EURUSD, if nothing happens (and I believe nothing will) at the next FOMC meeting then the US might continue to drop against the single currency.
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I think rate-hike will never happen, don't forget about the refugee problem and US elections help the dollar also.
+1 Reply
Razvan ElPatron.Y
that is true, on medium term I think that the EURUSD is going to fall, but i believe your stops are too tight. Just my own opinion, i might be wrong.
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My stops are 0 now SL at BE.
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