7pasos

Shooting star says market do not believe Draghi won't cut rates

FX:EURUSD   Euro / U.S. Dollar
392 5 4
Yesterday the battle was lost for the bulls, they got the control in their hands for a while but at the end the bears won.
The problem, even so, remains with the risk reward.
1) the most strong resistance is still quite above the actual high.
2) the very first support is some what near to have a good risk reward ratio
As long as the price do not close above 1.3318 the price will still have a significative chance to push to the down side but, to this reversal (the shooting star ) remains in charge, needs that price do not close above the actual highs and even better, nor above 1.32
Most traditional books say that Shooting star is a bullish sign while its not... The bears are in control and that's why price didn't stay up. Anyway, Euro fundamentally has one way down. Technically, it would have to retrace to the origin of the demand zone in the 1.27 neighborhood.
Reply
7pasos Loubani
I don't know what do you read but must change it!
Reply
Loubani 7pasos
Maybe... I'd rather not to be a sheep in the herd following whatever people say. G luck
Reply
7pasos Loubani
Same to you!
Reply
true,true...
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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