Daily EUR/USD trades
- Thread starter romik
- Start date
Next resistance is ~270 pips away, channel's high trend line is ~70 pips higher from current levels. What else do we have? Weekly - I don't see no bearish signs, daily - again not yet, hourly a possible bearish divergence in MACD/RSI, but nothing at the moment. Be strong my fellow bulls! Have to clear 1.3216 with strength.
Trust me when I say this, because I'm very familiar with Russia. The only one preferring Euro to dollars at the moment is the government (the banks). All the people still keep dollars, not euros. That may change, but when you go to currency exchanges all around the country, you see dollar offered, then euro. Sometimes you see pound. Stop any Russian on the street and you'll find dollars in their pocket.
It will get to the point when they simply keep rubles.
It will get to the point when they simply keep rubles.
I worked there for a long time, in Moscow. Most Russian business people prefer whatever currency gives them the best exchange rate - and will switch whenever it suits them by using a "C.E." figure (currency equivilant).
I remember in the same month when Stockman's went from using the euro as the "CE" to the dollar, and then back again.
I remember in the same month when Stockman's went from using the euro as the "CE" to the dollar, and then back again.