Wednesday, 24 September 2014

We’ll Just Have to Wait





After the movement to the upside yesterday EUR/USD returned to its previous levels. I confess I am a little disappointed, especially considering that it appears that it is now back in consolidation mode. Frankly, at this point I feel far too uncertain to make any sort of predictions. I will have to wait for a proper signal before I make any decisions. That said, the doji candlestick in the daily filter chart might be an indication that EUR/USD will continue its descent if it breaks below the support at 1.2810, but at this point the trend appears to be exhausted, so I am not sure how reliable that signal is.
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8 comments:

  1. Anonymous24 September 2014 at 07:23

    EURUSD broke higher during the course of yesterday session, but found enough resistance near the 1.29 level to turn things back around also the 10 day moving average is pushing the pair down. However, if we close below the 1.28 level, this pair will continue to drop from there. Rallies on short-term charts will continue to offer selling opportunities all the way to the 1.30 level as far as we can see.

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  2. Unknown24 September 2014 at 09:49

    Here goes 1.28 level.

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  3. Unknown24 September 2014 at 14:15

    Next target will be 1.27 level.

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  4. Unknown24 September 2014 at 21:40

    Great report and analysis, thanks

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  5. Unknown25 September 2014 at 07:32

    Very good! Thanks.

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  6. Anonymous26 September 2014 at 10:40

    Very Good analysis.

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  7. Unknown26 September 2014 at 13:38

    Great analysis, thanks.

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  8. Unknown26 September 2014 at 15:21

    yeah the best thing is to be neutral

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