110 dollars. that's how much I loss in here right now. In this pair alone. I'm hoping that this monday the price of eur/usd will go up. If its going to continue to fall then I have no choice as I'm sure its going to get MC. But if the price will go up to 1.2800 again. I'm sure I can lower my loses to 80 dollars only and even maybe lower to 60 dollars.
I don't have hope of making profit in here this month.
EUR/USD Dips Under 1.25 on Possible Bailout for Catalonia, Relentless Grexit Talk
After some consolidation, Euro USD resumed its falls in the wake of the New York session. More talk about a Greek exit from the euro, the necessary preparations and the state of the Hellenic Republic are all weighing on the common currency. Bad news from Spain also adds to the pain.
If this break is confirmed, the next support line is not too close. The pair dipped to 1.2495, but stayed under 1.25 only for a few seconds.
Update: After dipping below 1.25, the pair rebounded strongly and is not at 1.2524.
The Spanish region of Catalonia is reportedly in need for government help. The northeastern region is one of Spain’s richer and more industrialized regions, and usually contributes to other Spanish regions.
According to this report, Catalonia’s president, Artur Mas, has announced that the region needs help.
“Greece is a failed state” – says a co-CEO of Deutsche Bank. These stark words aren’t helpful. While most European officials still say that Greece’s place is in the euro-zone, talk about contingency plans, once taboo, is now open.
Below 1.25, the next level is 1.24. These levels were last seen nearly two years ago.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week. Break of 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484 will target 100% projection at 1.1865 which is close to 1.1875 low. On the upside, though, 1.2619 minor resistance argue that a short term bottom is formed and could bring rebound back to 1.2824 resistance before staging another fall.
In the bigger picture, fall from 1.4939 is treated as a falling leg inside the consolidation pattern that started at 1.6039 (2008 high) and could now be heading to 1.1875 low and below. In that case, though, strong support is expected form 1.1639/1875 support zone to contain downside and bring rebound. After all, such consolidation would extend further inside range of 1.1639/6039 for some more time. On the upside, break of 1.3486 resistance should now indicate that the fall from 1.4939 is finished and will turn near term outlook bullish for stronger rebound.
In the long term picture, EUR/USD turned into a long term consolidation pattern since reaching 1.6039 in 2008. Such consolidation is still in progress and we'd expect range trading to continue for some time between 1.1639 and 1.6039. The range sounds a bit uselessly large but yes, it's that large. For long term traders, anywhere below 76.4% retracement of 1.1639 to 1.6039 at 1.2677 could be treated as a buy zone while above 23.6% retracement at 1.5001 is a sell zone, until there is clear indication of breakout.
The action bias of the pair is upward at the moment. So it is better to buy at this stage.
These are the pivot points to get support and resistance values.
1.3119 1.3127 1.3132 1.3140 1.3145 1.3153 1.3158
Buy above 1.3140 and consider the next resistance point as take profit and next support point as stop loss.
if I may know on what basis it gives reverensi like this sir, is there a special Human Development r to read these forex price movement, then the indicator wear anything sir, thanks for the generosity of his heart to answer
At this moment its ranging at 1.2630 right now. In my analysis both fundamental and technical its overbought and its going to go down soon. Also the spain and greece problem is still high. But I'm wondering why its still not fall down? I guess if the price going to hit 1.2650 I'm going to open buy position. If its going to go down to 1.2600 I will going to open sell position.
Its now bullish. Actually its been bullish for the last four weeks now more or less. Just check the charts and see that from the 1.2240 dollars price range its now reach 1.2800 dollars ranges. That's who fast the price move up right now. But right now I'm neutral. The price just goes up so fast that I'm sure in few days we can see some correction.
Ahead of the European session on Wednesday, the euro inched up against the U.S. currency.
The euro that closed Tuesday's deals at 1.3183 against the greenback gained to as high as 1.3197. On the upside, 1.33 is seen as the next target level for the euro.
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