Re: EUR/USD
214EUR/USD - testing support at 1.2215/20 on 4H chart. All those who likes counter trades may find an entry and smaller time frames for a scalp from the long side of the market - soon I believe .
The good point here is that the stop could be tight
The good point here is that the stop could be tight
Re: EUR/USD
215I rarely have the courage for counter trades unless I see a very telling candle signalling a possible retracement.
Re: EUR/USD
216The pair is very, very bearish, I think it may fall below 1.2100 in the coming days.
Re: EUR/USD
217Yup spot on bro. Keep an eye on US 10 year treasury yields which has broken 3% for the first time since 2014 (as marked below). As it continues past that 3% level naturally US dollar will continue to follow yields to the upside and Euro will slide even further.mlawson71 wrote: Thu Apr 26, 2018 12:56 am The pair is very, very bearish, I think it may fall below 1.2100 in the coming days.
Re: EUR/USD
218If we break through 1.2158, then we fly further down to the area of 1.2127 and 1.2088 for a start. Also I sell in case of a false breakdown at 1.2187. If the growth on Draghi's statements, then after consolidating above 1.2187 I buy the euro with the goal of 1.2214 and 12242.
Re: EUR/USD
219Thank you, Jimmy, I'll keep that in mind. It's never occurred to me to do that.Jimmy wrote: Thu Apr 26, 2018 2:57 pm
Yup spot on bro. Keep an eye on US 10 year treasury yields which has broken 3% for the first time since 2014 (as marked below). As it continues past that 3% level naturally US dollar will continue to follow yields to the upside and Euro will slide even further.
Yield3percent.jpg