Monday, 26 January 2015

Much Ado About Nothing






The elections in Greece barely had an effect on the market, despite some of the apocalyptic predictions I saw last week. I admit I was quite concerned myself and closed all my positions just in case, but in the end the whole situation turned out to be much ado about nothing, because EUR/USD opened with a small gap which then it quickly recovered and currently appears to be in consolidation again. However, I still think that the bearish trend is still valid so the pair will likely continue on its way down to target 1.1000 soon.
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7 comments:

  1. bewayopa26 January 2015 at 14:04

    Very Good analysis. The doubt is large!

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  2. Unknown26 January 2015 at 17:40

    Nice pullback at least on the EURUSD.

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  3. Anonymous27 January 2015 at 01:12

    EURUSD rose during the course of yesterday after initially gapping lower. This shows that the market already price in the Greek elections and that the pair more than likely is going to retest the 1.1460 level that was a previous support that now turned into resistance.

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  4. Unknown27 January 2015 at 13:07

    Well done, thanks.

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  5. Unknown27 January 2015 at 13:09

    I agree with your point.

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  6. Unknown28 January 2015 at 14:30

    I think eur/usd bearish trend will continue too.

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  7. Unknown1 February 2015 at 02:52

    excellent analysis

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