Monday 8 September 2014

EUR/USD Is Sleeping



You could say that EUR/USD is sleeping after EUR ECB’s Mario Draghi’s press conference. It was all very exciting and I congratulate everyone who managed to profit from the situation. Personally, I do not recommend doing anything at the moment, before we have seen a clear signal that the price will start climbing (we should see some temporary pullback at least) or it will head for 1.2700 – a support level visible in the monthly filter chart. I am quite convinced it will reach that target sooner or later, but the question is whether it will fall even lower. Time will tell.
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7 comments:

  1. Unknown8 September 2014 at 10:40

    I believe we are getting close to a support zone @ 1.274, there we shall have a consolidation before a continuation of the downward move.

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  2. Unknown8 September 2014 at 12:16

    Yes, I agree with you.

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  3. Anonymous8 September 2014 at 15:03

    EUR / USD rose slightly last Friday after the release of employment data have shown that hiring slowed slightly in August.
    But the path is clearly descending.

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  4. Unknown8 September 2014 at 21:05

    lets see what happens next.

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  5. Unknown13 September 2014 at 20:16

    Very true only time will tell.

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  6. Unknown14 September 2014 at 05:28

    Awesome. Thanks for the info!

    ReplyDelete
  7. Unknown14 September 2014 at 11:44

    No important news day.

    ReplyDelete

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