pair EUR/USD has formed a pattern Head & Shoulders on H4 timeframe. I guess this point indication continuation the price down by testing the value area 1.2950. is technical I will wait him to rise to 1.3080 area level to open a position sell. just a suggestion for consideration and waiting for the actual fundamental news. happy trade
the bearish momentum is on the way because this pair can break level 1.3150, so it mean down trend is expected for next week and the pair might goes to level 1.3050 but if price going upward and break level 1.3200 this pair will continue for bullish trend
this pair very profitable in forex market the beginer has always start their trade from this pair so that they gain profit from their trade
That the price will break support at 1.3121 and will continue to fall to the bottom and the target 40 points
11/March/2012 EUR/USD Analysis
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Last edited by DrJay; 03-11-2012 at 08:50 PM. Reason: add reputation request
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hi
in my opinion this pair will go up today its today target is 3305 i bought it at 3100
hoping it will reached my target
sorry friend. even the price goes up. it will be too far to reach 3305. especially on monday, 3200 would be the maximum line for today IF the price indeed goes up.Originally Posted by najaf12345
personnally, i see the price is still undecided . it might reverse at 1.3124 and pullback to short. or it might break that line and reach 3200. either way, i am watching the price for now.
I see that the best point for buy the EUR/USD is 1.3003 , and without any analysis, just because it is a psychological level to the tarders
“If I have seen farther than others, it is because I was standing on the shoulders of giants.”
I think it's more deep to buy if price goes that level it will surely start the bearish trend strongly.Right now we can watch the price action and if the strong support broke then we can go short.
Time is money
Friday's bearish engulfing candlestick pattern has confirmed our short term outlook and eyes now is on the psychological levels of 1.3000. This collapse seen obviously on the daily graph may weaken 1.3000 zones supported by the negativity appearing on Stochastic and if the pair succeeds in taking 1.3000, the path will be cleared towards the monthly support level of 1.2850.
The trading range for this week is among key support at 1.2740 and key resistance at 1.3415.
The general trend over short term
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