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Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Forex Currency Trading

EUR/USD maybe heading MUCH MUCH LOWER

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Topic: EUR/USD maybe heading MUCH MUCH LOWER (Read 269 times)

GenXStockGuru

New Member

Joined: Dec 2007
Posts: 48

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United States

Jun 11, 2008, 04:31:16 AM

EUR/USD maybe heading MUCH MUCH LOWER over the coming weeks.

On the 15 minute chart if it gets below 1.5700 it will go to 1.5660 within a couple of hours.

The daily chart is much more interesting double top formed. If it goes below 1.5350 it will head down 500 pips to the 1.4850-1.49 range.

A very profitable run coming I think in the EUR/USD but I wouldn't take the trade until they are totally setup.

http://www.ino.com/info/158/CD35/&dp=0&l=0&campaignid=3

The above link has a good video on these types of setups. It just a couple minutes but good information. They say 90% of the time it works.

Enjoy

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forexKiller

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Joined: Feb 2008
Posts: 26

Making $$$ With Forex

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United States

Jul 01, 2008, 10:42:44 PM

USD is bottoming out against the other trading pairs. Most traders have been hedging against the USD for the last year.

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neo_moon1

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Joined: Jul 2008
Posts: 10

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neo_moon1 is from Pakistan

Pakistan

Jul 24, 2008, 06:23:38 AM

nowdays watch for oil, as oil is the main driivng force for dollar, recent increase in oil prices did boost the euro against dollar but now things commin back to normal, and we will hopefully c that the eur/usd pair is stable between 1.5 to 1.6

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