EURUSD 6E Euro | Currency Futures - futures trading strategies, market news, trading charts and platforms

Currency Futures

This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section



  #2075 (permalink)

SK, Canada
Trading Experience: None
Platform: Ninja Trader
Favorite Futures: Futures
72truckster's Avatar
Posts: 40 since Dec 2011
Thanks: 184 given, 30 received

kbit View Post
Euro is going to drop below 3500 ...looks like to me. At some point would look for a return back up to 3675 after it takes out that engulfing bar(6/5) on the daily.

I concur, if you are talking about the tail that formed on the bar because of the ECB announcement. It sure is in no hurry to get there though. So why are you long after 3500? It would seem that short term it has a short trend, and the "rhetoric" fromECB is that they are trying to do what ever it takes to lower the value of the euro. But yea, technical chart analysis would tend to suggest to me a hard bounce long after 3500-ish.

Reply With Quote
The following user says Thank You to 72truckster for this post: