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  1. #1
    Specialist Member protrader's Avatar

    EUR long term growth could ..... !!!

    The EUR long term growth could start this week or in the very near future. I analysed multiple currencies particularly EURUSD, USDCHF, EURAUD, AUDCHF. The interesting thing is that all of them pointing on the strong EUR and CHF. So now could be a great opportunity to buy it. What do you think?
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  2. #2
    Moderator Kolyo's Avatar
    Not sure. You are talking on a big scale what can happen next few months, but it is very difficult to predict. We see developments in Greece are not good, everything is bad for the Euro at the moment. We may be in oversold teritory but I am not convinced enough to say Buy Euro! despite everything fundamentaly against this currency.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  3. #3
    Legendry Member milos's Avatar
    Greek dept crisis.ECB continued to print the money and the euro against the US dollar.Key resistance at 1.11200.As long as the resistance at 1.11200 isn't surpassed the risk of the break below 1.10300 remains high.

    Supports and resistances levels
    1.12100 resistance
    1.11550 resistance
    1.11200 resistance
    1.10909 Last
    1.10300 support
    1.09800 support
    1.09500 support

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  4. #4
    Specialist Member protrader's Avatar
    I am not a fundamental trader, so wouldn't know how to interpret the data, but technically EUR is looking very solid against most majors
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  5. #5
    Specialist Member protrader's Avatar
    For the eurusd it is important to have a daily, and/or weekly close above 1.0950. If that's the case, eurusd might rally towards 1.18
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  6. #6
    Specialist Member protrader's Avatar
    Ok guys, we had a daily close above 1.0950, trend up is confirmed! - 800pip rally up
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  7. #7
    Specialist Member protrader's Avatar
    support broken, trend is down!
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  8. #8
    Specialist Member protrader's Avatar
    It seems like it will be quite a drop on eur, after it confirmed the downtrend
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  9. #9
    Specialist Member protrader's Avatar
    Similar picture on USDCHF
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  10. #10
    Specialist Member protrader's Avatar
    EURNZD confirms EUR weakness across the board together with CHF and GBP
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