Tag Archives: Euro outlook

How far can EUR/USD go in this run?

Posted on December 11, 2008 by Ramki

The Euro has come a long way from below 1.24, and is currently trading at 1.31 levels. The daily charts still point to further gains, but in the bigger picture, we still have one more short trade left. The perfect level for the short trade will be Continue reading →

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Euro rally is still a bear market correction

Posted on November 26, 2008 by Ramki

The EUR/USD rally that we are currently witnessing is capable of going back above 1.3200, but I would urge caution above 1.3215 Continue reading →

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Nice rally in Euro, but will it last?

Posted on October 29, 2008 by Ramki

Yesterday we looked for Euro to run higher to around 1.2940, and we have come a good distance already. Today we have the FOMC rate decision at 2.15pm NY Time. If you have a good broker, then leave sell orders at 1.2935 with a stop at 1.2950. (There is a minor resistance at Continue reading →

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EURO recovery is only temporary

Posted on October 9, 2008 by Ramki

We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing … Continue reading →

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EURO remains vulnerable

Posted on October 6, 2008 by Ramki

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met. Until we get there, it will be easier and more profitable to trade from the short side. When we reach … Continue reading →

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