EURUSD | Perspective for the new week | Follow-up details
Updated
Following over 200pips in our direction since my last speculation on this pair (see link below for reference purposes); the EURUSD continue to ground lower on the back of a firm US Dollar. Now, what is going to be happening this week? Will participants in the market find the Euro cheap enough to buy from the $1.0000 zone or are we going to witness a further decline in price action?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
Perspective on the 15-minute:Gosh! I just missed this breakdown move. Let's see if the market will present another opportunity in the form of a retest of 1.00250Level.
Good morning
Trade closed: target reached
I am still looking for selling opportunitiesTrade active
Another selling opportunity is identified right below the $0.99500 which is right at the breakdown/retest of the descending channel identified on the higher time frame (detailed in my next comment).Good morning
Note
Trade closed: stop reached
I was stopped out; looking for another selling opportunityTrade active
Trade active
Price is right at the $1.0000 level and I want to see how the price will relate to this zone. Is there going to be a reversal pattern (respecting the resistance level of the descending channel) to send the price crashing or will there be an outright breakout to project a bullish signal?Good morning
Trade active
Below $1.0000 seems most appropriate to sell the EuroTrade active
Locking in position at entry here considering the Jackson Hole Symposium coming up in half an hourNote
updateTrade active
Price is still within the descending channel which still supports the bearish bias however if a breakout/retest of the resistance of the ascending channel we might be witnessing a momentum shift.Good morning
Trade active
Selling opportunity below $1.0000 Trade active
I want to be moving my stop loss to break even to protect my position against sudden reversals.
Trade smart. Trade consciously
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