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Nice to see you guys contributing and giving your opinions on this pair here. I know a forum on forex factory that tracks the EURUSD, has over 40,000 pages, been going eight years, and there are some very talented traders in there. The problem is now it has become saturated with complete idiots talking about abolute rubbish and flaming each other, thats why I very rarely bother going there any more. I'm going to pop back in and see if I can poach the talented one's who are serious about their trading, but I'll also warn them dont even think of visiting if they are going to bring their stupid games with them..Mike WONT STAND FOT IT!
Nough said!
:-)
Some support here at 2640 area. Below that, 2540-2525 is next target.
I'm looking for a show of support once more around 2640, and will be long if it doesn't breakdown. I think there is a good chance to still retest 2900 and higher.
Of course all the Euro news is impacting the markets, so you never know. I think the fair price for Euro is below 1.00 but that surely doesn't matter