"Tony, the market does not destroy anything, less so the speculation of me. What speculation?
Risk management is when you have precise entries, a clear level for stop and a clear target.
In the pic above, what are those little red arrows? If those…"
"Euro is the odd one. How can a single CB with limited powers can handle the financial markets of 18 countries is for me a mistery. Every country has his own caracteristics given by the nature if we look at the natural resources and given by…"
"@dan anania, and Greece now is even a bigger problem than it was before. I see a profit taking (the so called correction) till around 1.11 then a fall to 1.03, mabe parity. 1.24-25-26!!!??? Anyhthing is posible but....let's see. Anyway, sell is…"
Ok, before anything else, take a look at the monetary policy of the two central banks:
RBA-2.25% main interest rate, ECB-0.1% plus minus 0.20 on deposit facility plus QE of 60 bilion/month.
Now, EURAUD was at a high of 2.1145 in 2008. See…"
"The FED rate hike is just delayed not stoped. Greece is giving headeaches again. ECB is in full QE. Parity is just delayed, not stoped, is just 700 pips away. Sell any rally and better sell daily resistances or weekly if we go there again."
"Yes, the trend is still a downtrend. But I think FED will delay the first rate hike by year end and this will encourage the buyers to push EURUSD toward 1.09-1.15 and the push to parity will be delayed too."
It would be perfect if the euro reached the 2/8 and close right on that level on daily then we wait for a rejection on 1hr and 4 hr and that line is strong and can reverse the price so we have the sell from up and buy from down hope it will work :)))