ForexDreams
Long

EURUSD PULLBACK

FX:EURUSD   Euro / U.S. Dollar
105 0 1
EURUSD             to pullback after the first move down to make room for subsequent moves within the green channel.

50% retracement seems possible which will also align with the quarter channel line.

Managed to get in earlier at the test of the bottom blue channel with a target of the blue channel high hopefully completed by close of London session today or by close of Asian session at the latest.

There are news releases for Euro             and Dollar at 2:30 and 2:45 (UTC) which could accelerate price.

UPDATE 25/11/2014: I have now CLOSED this position for +54.2 pips as I am receiving mixed signals about the short term direction of this pair. Price may continue to rise to hit my initial target, but as there are a lot of news reports this afternoon (UTC) together with the fact we're in a very bearish main channel, I'm happy to bank my pips and move on..



English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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