I decided to buy EURUSD, so I went to FX Empire to see what Christopher Lewis had to say. However, I haven’t seen much of him there since a week or two back when he called on EURUSD to rise, after which it began falling pretty consistently.
I therefore checked to see what the other analysts at the site had to say...
Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis, thinks a potential long-term target for the current sentiment is 1.1280. That notwithstanding, at this time I’m hoping to profit from an immediate rise.
David Becker says that Momentum remains negative as the MACD histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. I know I could be wrong, but from my perspective, EURUSD suggested it wants to go higher the moment it climbed above 1.1605
James Hyerczyk seems to be one of those wishy-washy analysts who essentially says “if it goes up, it could go higher, but if it goes down, it could go lower.” No kidding! What about right now? I prefer to put it all on the line, so until and unless price drops below 1.1605, I’m calling for the pair to go higher
Sylvester Stephen says the pair’s outlook remains bullish for the week. That’s all well and good, but once again, what about right now? I don’t want to get caught in a major drawdown situation. I need to know what price is likely to do from moment to moment, so if I’m wrong and all of these guys are right, that’s cool. I’ll get stopped out of my position at 1.1605.
But if I’m right, I can pick up a few pips profit within the next 24 hours and not have to sit around hoping and waiting for the pair to eventually make its way all the way down to 1.1280.
I therefore checked to see what the other analysts at the site had to say...
Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis, thinks a potential long-term target for the current sentiment is 1.1280. That notwithstanding, at this time I’m hoping to profit from an immediate rise.
David Becker says that Momentum remains negative as the MACD histogram prints in the red with a downward sloping trajectory which points to a lower exchange rate. I know I could be wrong, but from my perspective, EURUSD suggested it wants to go higher the moment it climbed above 1.1605
James Hyerczyk seems to be one of those wishy-washy analysts who essentially says “if it goes up, it could go higher, but if it goes down, it could go lower.” No kidding! What about right now? I prefer to put it all on the line, so until and unless price drops below 1.1605, I’m calling for the pair to go higher
Sylvester Stephen says the pair’s outlook remains bullish for the week. That’s all well and good, but once again, what about right now? I don’t want to get caught in a major drawdown situation. I need to know what price is likely to do from moment to moment, so if I’m wrong and all of these guys are right, that’s cool. I’ll get stopped out of my position at 1.1605.
But if I’m right, I can pick up a few pips profit within the next 24 hours and not have to sit around hoping and waiting for the pair to eventually make its way all the way down to 1.1280.
