EURUSD - Trends, Forecasts and Implications (Part 3) - page 613

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Put trailing stops on the bays, just in case.
 
No-no, the EUR will be going down but the reason will be different if things do not go well with Spain. Portugal owes Spain 60% of its debt, just think about December.
 
I live in Spain: D
 
 
7 April. /Dow Jones/. The euro/US dollar pair continues to rise amid widespread weakness in the US currency, with the pair trading at 1.4334 in New Zealand at the start of the day. According to BNZ currency strategist-analyst Mike Jones, everyone's attention is now focused on the European Central Bank meeting, the results of which will be announced later in the world day. "Everyone expects the ECB to raise its key rate by 25 basis points to 1.25%. As such, everyone will be interested to see whether Trichet will confirm the market is right, accounting for four more rate hikes over the next 12 months," notes Jones. According to him, "there is some risk of disappointment on that side". In the short term, support for the pair is expected around 1.4245.
 
margaret:

You're not bad at drawing.
 

Here's what Elka says, so to speak, recommendations for trading:

[trading]
Fifth in a fifth
Now there are 4 consecutive wave degrees in an uptrend that have a probability of completing
five waves! For picking a top this is an important alert, but be careful.
The more patterns of different wave degrees show 5 waves that are completing,
the higher the probability that a major reversal is just around the corner.
This is an early warning so prices could still rise further if the patterns extend, check other
indications of an ending trend as well. Active traders should focus on smaller
wave degrees starting from Minor or minute. The summary inspector will give its first indications
when the smallest wave degrees (at the bottom) change to negative.

The target is the area of the previous 4th wave, normally the extreme of this 4th wave will be reached.

In Russian - the end of the UP trend is just around the corner!

 
AndreyZak:

That's what Elka says, so to speak, recommendations for trading:

In Russian - the end of the UP trend is just around the corner!

Such forecasts are a dime a dozen... and as usual no specifics... If it goes down, we'll stand in the sel If it goes up, we'll buy... What's the use of all these predictions...
 

At 1.4250-1.4220 I think we can try to buy again until 1.4380.

,
 
SEVER11:

At 1.4250-1.4220 I think we can try to buy again until 1.4380.


agree
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