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EURusd to reach 1.0

P3tr4 Posted 27 Feb. as Analysis on EUR/USD, Target: 1.0000, Date: 1st of April, 12:00 GMT  in #Technical analysis #USD #EUR/USD #Bears #Euro Qe
I expect the euro to continue to suffer losses.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart shows strong rejection from 1.13, with the bollinger bands tightening. Even though the stochastic indicator is attempting a cross up, there is too much presure for more downside.
Weekly chart also looking bearish, price needs to breach lower bollinger band on daily chart to confirm analysis.
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1 Comments
marius24 avatar
marius24 27 Feb.

this target is not realistic at all. In order to see 1.0 touched by 1 April we must have a huge event in order to trigger such a huge movement like a Grexit or CPI in USA to rise above 2,5 %. I think you wanted to put 1.10 instead of 1.0

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EURo to gain against the dollar

P3tr4 Posted 30 Jan. as Analysis on EUR/USD, Target: 1.1760, Date: 2nd of March, 12:00 GMT  in #Technical analysis #Eurusd #EUR/USD #Euro Qe
Generally, I am expecting the euro to perform poorly due the its QE program.
The eurusd has been dropping steadily, but even with the QE program, i expect the euro to do better than the dollar.
The dollar rally should experience some profit-taking which should spur a bullish move on the eurusd.
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