EUR/USD Discussion

maxfactor · #1 12-15-2008, 10:38 AM

I created this post so we can possible post predictions links etc to the direction this pair may go. Maybe Alan could create a thread on this forum dedicated to this currency pair it may not be necessary but just a thought.

VIEW EUR/USD 1MIN CHART HERE

VIEW EUR/USD INTERBANK RATES LIVE EVEN ON WEEKENDS

Here is the latest from FOREXHELP.COM

Quote:

Forex and Dow Jones recommended levels
December 15, 2008

GMT 05:12

EUR/USD

Today’s support: - 1.3396, 1.3362 and 1.3316 (main), where correction is possible. Break would give 1.3297, where correction also may be. Then follows 1.3263. Break of the latter would result in 1.3230. If a strong impulse, we would see 1.3208. Continuation will give 1.3184.
Today’s resistance: - 1.3518, 1.3543 and 1.3587(main). Break would give 1.3620, where a correction is possible. Then goes 1.3657. Break of the latter would result in 1.3682. If a strong impulse, we’d see 1.3703. Continuation will give 1.3724, 1.3742 and 1.3770.

So far their predictions seem to be on track. Earlier today I recall this pair was at 1.34 now its all the way to 1.36. I decided to set my FAP Classic to Longs Only.

^eagle^ · #2 12-15-2008, 11:45 AM

Quote:

Originally Posted by maxfactor

I created this post so we can possible post predictions links etc to the direction this pair may go. Maybe Alan could create a thread on this forum dedicated to this currency pair it may not be necessary but just a thought.

VIEW EUR/USD 1MIN CHART HERE

VIEW EUR/USD INTERBANK RATES LIVE EVEN ON WEEKENDS

Here is the latest from FOREXHELP.COM

So far their predictions seem to be on track. Earlier today I recall this pair was at 1.34 now its all the way to 1.36. I decided to set my FAP Classic to Longs Only.

According to Elliot wave theory we are in the fourth wave of five. Starting from the big drop back in August. 1.39 is the next Fib level of that crash and it looks as though the bulls have taken over again despite the european economy. If it breaks there we could see a run to 1.47 after the new year.

maxfactor · #3 12-16-2008, 06:55 PM

So the predictors were right they didnt predict that this pair would touch 1.4 but they were very close. It will be interesting to see if this pair continues to go up or down. I still have my FAP set to LONGS ONLY. My live account have LONGS SET.MY DEMO ACCOUNT I HAD BOTH LONG AND SHORT AND GUESS WHAT.

My DEMO have a floating loss of over 3000 pips!

. I made a good decision to set my live account to long only. Lets see how the rest of this week pans out.

UPDATE DECEMBER 17
FOREX HELP PREDICATION

Quote:

Forex and Dow Jones recommended levels
December 17, 2008

GMT 04:52

EUR/USD

Today’s support: - 1.3958 and 1.3916 (main), where correction is possible. Break would give 1.3872, where correction also may be. Then follows 1.3838. Break of the latter would result in 1.3814. If a strong impulse, we would see 1.3793. Continuation will give 1.3770.
Today’s resistance: - 1.4110 and 1.4153(main). Break would give 1.4174, where a correction is possible. Then goes 1.4212. Break of the latter would result in 1.4226. If a strong impulse, we’d see 1.4254. Continuation will give 1.4276, 1.4310 and 1.4354.

alan · #4 12-17-2008, 03:48 AM

It already tested 1.4175 twice if I'm not mistaken, so it appears to be a relatively strong resistence level. Still I believe that eventually it will break through it and soar into the 1.42xx range.

In fact I am expecting eur/usd to reach 1.48

maxfactor · #5 12-17-2008, 02:09 PM

Quote:

Originally Posted by alan

It already tested 1.4175 twice if I'm not mistaken, so it appears to be a relatively strong resistence level. Still I believe that eventually it will break through it and soar into the 1.42xx range.

In fact I am expecting eur/usd to reach 1.48

Alan you think after touching 1.5 it may fall?

maxfactor · #6 12-18-2008, 10:18 PM

SOURCe:IBXTIMES

Quote:

Fri, 19th of December, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

Yesterday the EURUSD hit my long target at 1.4609 even further, topped at 1.4719 but further bullish momentum was rejected as the pair whipsawed to the downside, hit the bottom at 1.4186 (50% Fibonacci retracement 1.6038 - 1.2330) and closed at 1.4266. Finally the bullish price momentum paused and the pair might in consolidation phase. Although we are still in bullish scenario in longer term, we might see another downside pullback attempt in nearest term, but short trades position is not recommended at this phase. On hourly chart we have a rectangle formation which is a consolidation pattern (of the nearest term) and the pair move in a narrow area of 1.4320 and 1.4182. A breakout from the rectangle pattern should give us a clearer direction. CCI just cross -100 line up on daily chart suggesting a potential upside pressures, but in neutral area on 4h chart.

I dont quite understand what this means? Does it mean there is a possibility of this pair going back up? Can anyone explain?