GlamourFox
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Greetings
On the TV say that the dollar will soon fall. What will tell?
On the TV say that the dollar will soon fall. What will tell?
Greetings
On the TV say that the dollar will soon fall. What will tell?
One of the key factors of successful trading is patience.Today's trade,EUR/USD is quite unfortunate for some of us who base our trades majorly on technicals.The euro have continued to climb up like a drunk monkey despite the fact that some of us expect it to retrace between 1.2780-1.2860 but the reverse is the case.The Spanish bond auction was said to be responsible.Anyway,we are still in the market hoping that it will fall soon against the almighty dollar.
I hope i am not alone.
Patience and good understanding of the strength of the pairs is very essential.As expected, the Euro seems to be getting back to the direction it should go,although further correction may still occur but the currency is destined for the bottom.
There are a lot of gurus now calling for the Euro to hit 1.36 at years end so I also feel like you but look at a 4HR chart and it has been a steady upward movement from 1.19....1100 pips at this point on that time range...
will it backfill all the way?
If it was easy to predict, I'd be rich already.