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Chosenone's Blog

EUR Rebounding To 1.5180 After Establishing A Foothold above 1.4840/80

Posted on August 12, 2008 at 11:29pm 0 Comments

020 GMT



The weak US data especially on the US budget deficit and JP Morgan posting a bigger losses than expected in mortgage crisis influenced and supported EUR rebound from Asia low of 1.4815. EUR establishing a strong foothold above 1.4840 during Europe session and above 1.4880 at the end of New York session is setting up the correction higher.



EUR after more than a week of easing since it fell from 1.5500 is presently geared towards taking out the overnight high at… Continue

2320GMT EUR is targeting the next move to 1.4760/1.4800 after it finished below 1.4960 in New York. Current level at 1.4895 shall pressure near support at 1.4880 to give way to trigger the fallout.…

Posted on August 12, 2008 at 2:00am 0 Comments

2320GMT



EUR is targeting the next move to 1.4760/1.4800 after it finished below 1.4960 in New York. Current level at 1.4895 shall pressure near support at 1.4880 to give way to trigger the fallout. This drop could be the final fallout for this month before EUR is poised to consolidate inside the expected 1.4800-1.5200 range with further move beyond that to be limited to 1.5360/1.5600.



Overall trend though remained bearish for EUR to drift down to 1.3600/1.4400 in the final… Continue

EUR

Posted on August 11, 2008 at 7:23pm 0 Comments

1630 GMT



The breakout of the 1.5240-1.6037 consolidation band established since March resulted in a heavy fallout before EUR stalled at 1.4900 during Asia session. EUR attempt to stage a correction continued to be hampered by heavy unwinding by funds, central bankers and long term traders that the bounce was capped at 1.5082.



EUR failure to sustain the bounce above 1.4960/1.5000 at the end of Europe session suggests that it may face further probe at current low of 1.4900.… Continue

EUR

Posted on August 8, 2008 at 6:55pm 0 Comments

EUR



0800 GMT



EUR after failing to gain a foothold above 1.5440 depleted on long liquidation that led to a fallout to a low of 1.5320 in overnight session. It fell further in Asia session on the loss of 1.5240/80 resulting in a new low at 1.5190 a level not seen since March 2008. The move has led to EUR moving out of the 1.5240-1.

Technorati Tags: Foreign exchange,EUR



6037 consolidation band that was established since March. While it has broke away from the… Continue

EUR

Posted on August 8, 2008 at 6:55pm 0 Comments

06 August



EUR

0500GMT



EUR has bottomed at 1.5396 on its fallout from 1.5580. Current move above 1.5440 is setting up the rebound to 1.5520/1.5560 ahead of ECB decision on domestic interest rates. Given the recent weak data pointing towards a economic slowdown and signs of inflation ebbing in the second half of the year, ECB is likely to keep rates unchanged while keeping a hawkish tone. Recent fallout in oil prices and the rebound seen in global equity market provided… Continue

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At 5:56am on March 1, 2012, baby said…

Hello
My name is ruth. I was impressed when I saw your
profile (www.myforexspace.org) and I will
like you to email me back to my inbox so I can
send you my picture for you know to who am I believe
i can establish a lasting relationship with you.
Also, I we like you to reply me through my
private mailbox and (ruth_1johnson@yahoo.com).
That's why I do not know the possibilities of
remaining in forum for a long time.
Thanks, waiting to hear from you soonest.
ruth.
(ruth_1johnson@yahoo.com)

At 3:51pm on December 16, 2011, julia cohen said…

 

Please do not assume that you want to sell something
forex community should share all good
in my real account, I've gotten very good results
look here: http://www.myfxbook.com/es/members/juliacohenitaly
with this EA which is FREE and you can see serious results in FPA are:

FPA are: http://www.forexpeacearmy.com/metatrader_expert_advisor/tradersurfing_v9/demo

or forexverified: http://www.forexverified.com/reports/tradersurfing/index.html

if you have good EA systems or share them, and help to others

 
 
 
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