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Because the ECBmay use Thursday’s post policy
meeting press conference to provide more details on their asset purchase program. EUR
weakness suggest markets have given the central bank the benefit of the doubt, so
the details will be important ...
I'm long now @ current price 1.25888 ... no defined SL yet ... it's just a scout ...
on 1 Hour chart it's clearly oversold ...
Hopefully this will be a good start to build a position ...
Took a short on eurusd cause I did not see any conviction on the bulls... Target was 1.2569... going to take half off... imo I believe we are going much lower... 1st Target 1.2531 & 1.2510 possible turning point will be in OCT 7th/8th
Thxo was surfing the volatility previous to strong news (Thursday, by Count... Draghi).
I had five limit orders along 1.26 closing all my bearish postions. All were done, course (very very good profits). Now I'm flat with five selling limit orders from 1.265 to very near 1.27, trying new volatility waves...
Let's see.
Good luck to everybody and don't forget airbags ready in your monitors Thursday...
The dollar is driving this bus. I do not think any ECB news this week will change the long term trend. Maybe a long retrace, which I hope will be a good opportunity to get short.
Brave ... ... no way !!!
Believe me, I'm the most coward you ever met in your life ...
I'll hold my scout even if this pair makes new low and adding an army to it ...
I guess i just can't ignore 1 month 4h oversold ...
so far the EURUSD 9-30-14 Square Out low is holding....Thursday will be wild. but if we hold or even get a spike lower and close above that 9-30 low.... could be a pivot swing low... but if not Oct 7/8 could be a possible pivot low if my calculations are correct.