EU - where is it going next?

Well - it didn't go to the moon this time. Now it may go south if it drops below 1.2827

What do you think?

You are welcome to check the attached chart.
 

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Quote from Steve:

They are 4 hour candles Lucrum
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Well, the EUR did settle near it's low of the week. At least some follow certainly seems likely. 1.2750 area looks like nearest potential support to me.

IF one could get short around 1.2900 or so early next week, before a test if any of 1.2750, it might make for a trade.

My "view" evolves along with the price action though.
 
Quote from Lucrum:

Well, the EUR did settle near it's low of the week. At least some follow certainly seems likely. 1.2750 area looks like nearest potential support to me.

IF one could get short around 1.2900 or so early next week, before a test if any of 1.2750, it might make for a trade.

My "view" evolves along with the price action though.
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Thanks L - I'll analyse and check the mentioned levels again.

Wishing you good trading.
 
Crystal ball reading says EURUSD will be higher at end of year..also they say "don't fight the Central Banks"..who am i to disagree..


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Quote from Instant Karma:

they say "don't fight the Central Banks"..who am i to disagree..
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We can just follow the big boys Instant Karma. If only one knew beforehand what they are up to - trading eur/usd would be much easier. HFT doesn't help either.
 
Is it going up to the testing area, or is it going to plummet like a stone?

What do you think?

BTW There is a chart attached with the testing area
 

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