Razvan
Short

EURUSD - Bears on the move

FX:EURUSD   Euro Fx/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
Here are my takes sir.
Short EURUSD at resistance
USDCAD buy end of the week or begin next week.
+1 Reply
Razvan Yahia.Awes
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 Yahia.Awes
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.
+1 Reply
Razvan Yahia.Awes
Cool, wish you good luck with the trades!
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thank so much
+1 Reply
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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