Hi,
Today publish My recommendation to continue the strategy from previous entries.
<EUR/USD link 1>
<EUR/USD link 2>
In accordance with those described in previous entries the initial assumption was long position and hold it until the market does not break 1.3575. In the day when there was a breakthrough on the chart indicated a significant level of support, I took a short position. Because I expect now that the price will return to main trend initiated on May 8 this year, I will focus only on the buying of the dollar and the relative lowering of stop loss.
Stop loss order has been set in the initial phase at the level of 1.3585 and thus above this level. During the passage of time when the market went down deeper then I was decided to lower the stop loss to 1.3550 level that guarantees me a small profit.
I expect in the next few days strengthening of the dollar against the euro and the potential prime targets to achieve a level of 1.3475
In addition, the recent statement by Draghi about the situation on the financial markets as many times emphasized that it should not be a topic of discussion for representatives of civil servants (but I understand that everyone has invested some of his own funds). Draghi sees no bubble in the markets and says it will not raise rates if any will appear somewhere. In his opinion, are better macro-prudential instruments. "Forging bubbles by raising interest rates is the last resort."
Today publish My recommendation to continue the strategy from previous entries.
<EUR/USD link 1>
<EUR/USD link 2>
In accordance with those described in previous entries the initial assumption was long position and hold it until the market does not break 1.3575. In the day when there was a breakthrough on the chart indicated a significant level of support, I took a short position. Because I expect now that the price will return to main trend initiated on May 8 this year, I will focus only on the buying of the dollar and the relative lowering of stop loss.
Stop loss order has been set in the initial phase at the level of 1.3585 and thus above this level. During the passage of time when the market went down deeper then I was decided to lower the stop loss to 1.3550 level that guarantees me a small profit.
I expect in the next few days strengthening of the dollar against the euro and the potential prime targets to achieve a level of 1.3475
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| chart 1. EUR/USD H4, 2014-07-17 |
In addition, the recent statement by Draghi about the situation on the financial markets as many times emphasized that it should not be a topic of discussion for representatives of civil servants (but I understand that everyone has invested some of his own funds). Draghi sees no bubble in the markets and says it will not raise rates if any will appear somewhere. In his opinion, are better macro-prudential instruments. "Forging bubbles by raising interest rates is the last resort."
trade safe,
best regards,
oscarjp
best regards,
oscarjp
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
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