EUR/USD, 1.0500 should stop the fall!

This level could stop the EUR/USD fall! Trendline, previous support from March 2003. Is it possible for the pair to go lower, not on my oppinion, but be very careful, this is crazy market! I didn’t recomend EUR/USD long to no one in the last couple of weeks, not until now, but this could be level for long positions. What’s your oppinion traders, c’mon!?

Views: 201

Comment by Eura on March 11, 2015 at 7:24pm

I agree with u Mario. However, there could be some SL hunting, so I think all long traders should use proper risk management.

2hlxnmiamurai Comment by 2hlxnmiamurai on March 11, 2015 at 8:00pm

I think EURUSD fall is out of control from the ECB, & the ECB lost control on Euro when they let it fall under 1.18... Now Euro competitors saw this event as a dream too good to be true to kick out Euro from the currency reserve list & EURUSD might dive all the way under 1.000 to be classified with currencies who are under 1.0 versus the dollar now like AUDUSD, NZDUSD or in other word as a weak currency versus the US Dollar.

During President Mario talk today EURUSD had a chance to go up as a result from positive comments that all the hard work & all current plans are helping the Eurozone somehow according to ECB plan... yet it did fall more showing that Euro fall now might keep on pushing till going under 1.000 ... be prudent if you want to buy :)

Comment by Surjya on March 12, 2015 at 2:10am

My EUR/USD long unfortunately is minus 850 pips @ 0.1 dollar a pip. Fortunately it is in my demo account.

Comment by Mario Urlic on March 12, 2015 at 12:14pm

Ok Dao, no reason. ;)

Comment by Oasis on March 12, 2015 at 7:06pm

I think Mario's reasoning is indicated in his chart, Dao. As he said this a crazy market always and especially now - abounce has already occurred, perhaps a retest and up again is always possible.


You need to be a member of Forex Social Network to add comments!


© 2019   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service