Yes, you are correct. However, using the same argument, I could say that it wasn't the USD that was gaining strength but the CAD that was losing due to a freefall in commodity prices, due to slow growth or no growth expectations due to the ongoing ...

EurAnalysis

I'm thinking of scrapping that call. Doesn't look good for a pullback to support. This sucker is going to keep going up.

14 Year Old Forex Trader's Lessons

Price still has to come back down to falling TL support to bounce back up and beyond up to 1.3495. That is provided some stupid news doesn't screw it up.

14 Year Old Forex Trader's Lessons

Either way you cut it, even if the €2 Trillion plan is approved and all the "at risk" banks are ring-fenced, the Euro will still take a hit. Why? Because the ECB will still have to cut rates and eventually start buying unstertilized periphery bonds. ...

EurAnalysis

Price has pierced last Thursday's 1.3383 low this morning but was quickly rejected by the previously mentioned strong support (Demand) below this area. I am looking for a possible bounce back up where I expect some resistance (Supply) to kick in at ...

EurAnalysis

I trade mostly the H4 and higher TFs but I use M1 to M15 to time my entries. I usually use PA to decide when to get it.

14 Year Old Forex Trader's Lessons

Price has pierced last Thursday's 1.3383 low this morning but was quickly rejected by the previously mentioned strong support (Demand) below this area. I am looking for a possible bounce back up where I expect some resistance (Supply) to kick in at ...

14 Year Old Forex Trader's Lessons

ECB's Nowotny says ECB interest rate cuts cannot be excluded. Source: url

14 Year Old Forex Trader's Lessons

ECB's Nowotny says ECB interest rate cuts cannot be excluded. Source: url

EurAnalysis

Well then you've come to the right place. I will be posting here as well as my own thread and I will be happy to answer any of your questions. If you don't find me here, check here Peace

14 Year Old Forex Trader's Lessons

I'm off to get some sleep. I want to be awake for the European markets

EurAnalysis

Hey I see you managed to get your good looking pic uploaded. Cheers

14 Year Old Forex Trader's Lessons

Would you expect anything less from them? LOL Cheers mate

EurAnalysis

Thanks for contributing your views PipPipPip. Looking forward to your continued contributions to this thread. Peace

EurAnalysis

Welcome and thank you DizzleFX. Glad to have you as a follower. Feel free to contribute your thoughts also. We are all here to share and learn. Peace

EurAnalysis

One thing to keep in mind now, even though I am very bearish and expecting the eur/usd to hit the 1.28/1.29 level by next week, we need to be very cautious if price breaks the low of 1.3383 as it still has to come back to test the H1 144ema or ...

EurAnalysis

One thing to keep in mind now, even though I am very bearish and expecting the eur/usd to hit the 1.28/1.29 level by next week, we need to be very cautious if price breaks the low of 1.3383 as it still has to come back to test the H1 144ema or ...

14 Year Old Forex Trader's Lessons

If the Asian markets are gong to set the pace for this trading day, it doesn't look good right now. CHART: Nikkei 225

EurAnalysis

Yen strength. If it comes out of the Nikkei and gets cashed for Yen, then there is demand for Yen. Therefore Yen appreciates. USD/JPY and EUR/JPY falling. However, this affects the euro more because it is a risk currency and USD is somewhat safe ...

14 Year Old Forex Trader's Lessons