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MyHedge

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Member since:	November 10, 2017
Last Visit:	October 18, 2018
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FX Article Contest
4^th place
Nov 2017

$400

MyHedge has taken 4th place in Article Contest Nov 2017

MyHedge Updated 15 Feb.

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EURUSD almost there

MyHedge Posted 1 Feb. in #Euro #Forecast #Analyse #Eurozone #Short #Euro USD

In spite of all the rhetoric talk we heard last week from Draghi, this euro rally has got to be seriously bothering the ECB. I am not sure about this but are we on the brink of a massive currency war right here?
We have been in one but this one isn't that obvious.
Ps. A way to strong EURO is very bad for the economy as it will eventually make Europe way less attractive to import goods from (trade with).

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EURUSD getting a bid?

MyHedge Posted 18 Dec. in #Technicals #Analyse #Eurusd #Fibonacci #Support Zone

Price came down towards a major area of support from 1.3312 to 1.3301 (50% retracement, and the 76,4% retracement). A possible bounce was likely to occur from this level. And it did, today the EURUSD moved sharply higher during the European and American session. Currently the price is moving down a little but this could well be because of profit taking daytraders.
The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level o…

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