Moranda
Long

EURUSD - Long term trading - Buy now, hold forever!! (1,83)

FX:EURUSD   Euro / U.S. Dollar
570 7 6
Long term EURUSD             channel.
I know this looks like fanta-forex analysis, but if the account size allow you to have a 12000 pips stop loss and the risk is not more than 2%, this is a nice setup to play.
T1 is at 1,1800 area that can still be tested during the recovery of the down move from april             2014 to lows.
You will not be stressed playing this one, you can watch the status of the trade every 2/3 months... :)
Monthly target 1.2434 after that will be a devaluation yearly target 0.85 in 2020.
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folks got a question,how possible is for the pair to reach from now on prices like 1.17/20 with draghi releasing more qe and fed hiking rates on december or march?
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Dear Koui, I'm sorry but we do not execute any trade based on fundamental analysis or news. Thank you for the comment.
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Please let me add some fundamental changes here.
1. Inflation must be raised Draghi's words. By rising euro indirectly devaluates dollars for raising the inflation.
2. Every time fed rised rates there was a devaluation in several months. Could be a profits taking.
3. War against ISIS will benefit industry and consume.
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I agree preparing long .Thats ok. But after break at 1.175 there is a confirmation at 38% level .. .After that you are right .. I am long since yasterday .. Good luck
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I agree Buy now .. about forever .... At least to 1.175
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Moranda stream
Hi Stream, yes 1,17/1,20 area could be in the way. Thank you!
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