EurUsd: will the EurUsd be seeking new lower lows?

23 oct. 2015

The EurUsd made entered a bearish market on the background of the ECB's meeting. The overall chart is very bearish and the EurUsd seems to be heading towards 1.06948 with 1.09315 as a primary objective.

17 nov. 2015

Note

Though all objectives were achieved, I d rather wait for the ECB as a probable cut in interest rates and a more expansive monetary policy would send the EurUsd seeking lower lows. The trend is still bearish, with 1.05933 as an objective. A stronger American economy has put heavier pressures on the EurUsd as the greenback is growing stronger.

20 nov. 2015

Note

EurUsd is attempting an inversion. Until now I still think its a technical bounce. Things will be clearer after the ECB's conference in Frankfurt today. The results of the conference will give a clear overview of the evolution of the parity over the few weeks to come. I'm still holding on to my objectives for tomorrow.

24 nov. 2015

Trade fermée manuellement

Trade closed manually