Thread: Discuss all about FX open

Originally Posted by primarylogic

I think E/U will continu drop down, but maby retrace from 1.26.
I'm watching now...

I agree with you. The main trend of EU should fall again. Now UJ will be a good choice.

kkitq, you are right, my long trade was closed without profit

will turn to short it again at high position

long E/U G/U G/J U/J

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Chart Analysis: EUR/USD

As you can see the Euro has also made some strong gains against the dollar this past year.Given the state of the US economy and the bearish outlook, one would expect the Forex Brokers to be selling the dollar, however the trend this past week indicates a bearish outlook for the Euro – even with the news and the poor data coming out of the US. The Broker trading
community will be continuing their flight from the Euro towards the dollar after the ECB Chairman’s comments – even if the US does not impress those investing and trading in the USD on the Forex with their new stimulus agreement.
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cozy, why add links to other brokers here?

G/U H1 charting analysis
sell G/U , SL 1.4450 or 1.4500, T/P 1.4150

The EURUSD had a bullish momentum yesterday. The pair topped at 1.3056 and closed at 1.3016. We had a volatile market lately reflected in broadening formation on 4h chart below where the price make new highs and lows without clear direction. This is kind of market that I would avoid and doing nothing. We still have major bearish trend line that might be tested today. The bias is bullish in nearest term but medium term remains unclear. Immediate support is seen at 1.3000 followed by 1.2900. Initial resistance at 1.3150. CCI just cross the 100 line down on hourly chart suggesting a potential downside pressure.

G/U H4 charting analysis
sell G/U , SL 1.4530 , T/P 1.4100

earned some pips from selling EU, but now, did not touch it, wait for some mins first, it is not clear now

Originally Posted by TaoJin88

earned some pips from selling EU, but now, did not touch it, wait for some mins first, it is not clear now

yes, E/U trend is not clear, I will wait E/U record a new low then long it.