FOREX - Trends, Forecasts and Implications (Episode 16: June 2012) - page 387
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
By the way, did anyone notice that again the same level I mentioned a few weeks ago (where my sell order is at 1.2690) ?
EUR/USD: Technical Comments
EUR/USD strengthened by more than 1% on Friday on positive news from the EU summit. EU leaders seem to have finally acknowledged the reality of the threat looming over the Eurozone and are ready to move towards a compromise. Most analysts, however, do not believe the rise in the single currency will be sustainable.
Analysts at RBS maintain a bearish view on EUR/USD despite the pair's current rise. They draw attention to a pronounced bear flag that has been forming on the daily chart since early May, which suggests that the downtrend is likely to continue. In the medium term strategists of RBS recommend to sell EUR/USD at current levels, aiming at $1.1880 and with a stop at $1.2775/85.
Commerzbank specialists expect the end of the current rally at $1.2746 (highs on June 18 and 20). In their opinion, the pair will retreat to $1.2463. Probably, the market is not ready for a sharp decline, since today the pair failed to break through the level of $1.2435.
SEB strategists are predicting a downtrend in the pair as long as it trades below $1.3005. They draw our attention to $1.2626 (midpoint of the long bearish candle formed on June 21), which could serve as resistance in the short term.
I will withdraw with conservative TS - 4-5 months. (I may keep it - the last TS is a waste)
Do it if you are sure ;)
EUR/USD: Technical Comments
EUR/USD strengthened by more than 1% on Friday on positive news from the EU summit. EU leaders seem to have finally acknowledged the reality of the threat looming over the Eurozone and are ready to move towards a compromise. Most analysts, however, do not believe the rise in the single currency will be sustainable.
Analysts at RBS maintain a bearish view on EUR/USD despite the pair's current rise. They draw attention to a pronounced bear flag that has been forming on the daily chart since early May, which suggests that the downtrend is likely to continue. In the medium term strategists of RBS recommend to sell EUR/USD at current levels, aiming at $1.1880 and with a stop at $1.2775/85.
Commerzbank specialists expect the end of the current rally at $1.2746 (highs on June 18 and 20). In their opinion, the pair will retreat to $1.2463. Probably, the market is not ready for a sharp decline, since today the pair failed to break through the level of $1.2435.
SEB strategists are predicting a downtrend in the pair as long as it trades below $1.3005. They draw our attention to the $1.2626 level (midpoint of the long bearish candle formed on June 21), which could serve as resistance in the short term.
Spc. Just confirmed my sentiment.
For Ishim. You just don't know my "lantern" and don't recognize it... 1.2690 - this is the second time I've sold from this level in the last couple or three weeks. The first time was a 50pp drawdown, which is nothing for the medium term, and today I managed to sell without any drawdown at all. And I will close below 1.24 for sure, or even 1.20...
Dear forum members, please enlighten a newcomer: Yesterday when positions were open, the pledge amount was X, but after a while it increased by more than 4 times! How can it be? I trade via Alpari.
at alpari one hour before the close of Friday's session the deposit increases five times. read the trading conditions carefully.