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Day 3 Greece-rendum

dada123 Posted 3 July  in #Trader's blog
Dear Traders,
Day 3 and all eyes on the Greece-rendum.
However it is important to look at other factors which may confirmthe rise of the Euro. I am pointing out to yesterdays Dollar FXmarket posting new high followed by a lower low, signalling resistance to the upside dollar strength, in short a bear wall to the bulls rising momentum.
Meanwhile, the Euro (expand chart B for a better view) continues to indicate a few reversal patterns, beginning 18-June to now, these are:
1) Reverse Complex Head …
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EURo short term move

dada123 Posted 2 July as Analysis on EUR/USD, Target: 1.270, Date: 1st of September, 12:00 GMT  in #Technical analysis #EUR/USD
The EUR/USD is Bearish however it may be moving towards 1.20 - 1.27.
The EUR/USD hereby could rise because of the benefits resulting from close attention to a formed double bottom and a up-side down head and shoulder pattern which suggests a possible move to 1.25.
Should the EUR/USD rise above the neckline past 1.14 it may be that it could further move to 1.25 - 1.27. That concludes my views, and in my opinions.
(see : …
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Day 2

dada123 Posted 2 July  in #Trader's blog
Dear Traders
Yesterday the Euro fell further at 1.10. With Greece dominating the news, all points out to a significant date after the referendum on sunday, however we may see the Euro move higher before sunday.
The chart bellow shows that the Euro is stabilising after a double bottom support, which indicates a potential move to the upside, is in my opinion, furthermore the potential up-trend is strengthened by a reverse head and shoulders pattern. Should the euro rise above the Head & Shoulders …
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Bullish Euro

dada123 Posted 1 July  in #Trader's blog
Dear Traders,
I would like to wish you all good luck in the following and all trading contests.
I am going to outline my main strategy, Bullish on the euro. The reason is for my outlook is due to Greece recent turbulence and dollar strength which in my opinion was the cause of the Euro weakness.
The Greece situation is however not something that may be resolved over night, thus i think that the FXmarket will stabilise and the euro may rise as a result and the weakening dollar possibly to 1.20+.
…
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EURO 1.18 NO WAY (Not impossible after all)

dada123 Posted 5 Jan.  in #Trader's blog
It took almost 2 years (see: ''EUR/USD will it reach 1.18? Impossible!'' post 06/2013) but the Euro did reach 1.18. It was a bumpy road (Marios unmaterialised pullbacks) however the main prediction was a beasrish ''EURO'' and the bearishness remains due to dollar strength and geopolitical variables. Will the instrument move lower to 1.00 or pull back to 1.27? The Euro will pull back to 1.27- 1.30 if these areas stop the uptrend look for a further depreciation of the Euro.
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EURO 1.18 NO WAY (Not impossible after all)

dada123 Posted 5 Jan.
It took almost 2 years (see: ''EUR/USD will it reach 1.18? Impossible!'' post 06/2013) but the Euro did reach 1.18. It was a bumpy road (Marios unmaterialised pullbacks) however the main prediction was a beasrish ''EURO'' and the bearishness remains due to dollar strength and geopolitical variables. Will the instrument move lower to 1.00 or pull back to 1.27? The Euro will pull back to 1.27- 1.30 if these areas stop the uptrend look for a further depreciation of the Euro.
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Will it be enough Mario?

dada123 Posted 2 Oct.  in #Trader's blog
The EURO is now at 1.25 key support. Will it be enough for a counter move up?
It is likely due to D$llar strength, however my view remains the same; bearish (see my blogs); however EUR/USD @ 1.25 is in a key support area for a reversal trend.
Mario will communicate measures which will cause the EURO to appreciate to approximately 1.32 - 1.35 however to buy you need cash.... and because ''Draghi said: decision on rate cuts not unanimous'' will the biggest Eurozone GDP contributors (Germany, Franc…
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Will it be enough Mario?

dada123 Posted 2 Oct.
The EURO is now at 1.25 key support. Will it be enough for a counter move up?
It is likely due to D$llar strength, however my view remains the same; bearish (see my blogs); however EUR/USD @ 1.25 is in a key support area for a reversal trend.
Mario will communicate measures which will cause the EURO to appreciate to approximately 1.32 - 1.35 however to buy you need cash.... and because ''Draghi said: decision on rate cuts not unanimous'' will the biggest Eurozone GDP contributors (Germany, Franc…
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Mario Draghi ‘whatever it takes’ to save the euro

dada123 Posted 7 Aug.  in #Trader's blog
Last year Mario Draghi said ''whatever it takes’' to save the euro, today we may see super Mario do just that, or will the Euro continue to depreciate further?
Long term outlook for the Euro still looks bearish however will volatility see the EURO support Draghi ''And believe me, it will be enough.” comments in the short term? Who knows?!
Could the euro retrace to 1.35? Given the recent decline it may just do that, because eastern Europe crisis disrupting ECB economic outlook could be temporaril…
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EUR/USD

dada123 Posted 21 Apr. as Analysis on EUR/USD, Target: 1.3650, Date: 2nd of June, 12:00 GMT  in #Technical analysis #EUR/USD
The EUR/USD is Bearish and it may be moving towards 1.37 - 1.35. The July 2008 high and May 2011 high downtrend resistance (trendline) have been tested and not breached therefore look for a further decline of the EUR/USD to lows of october 2008 (1.23).
Should the instrument fail to be supported at the 1.23, expect a move downwards towards 1.16-1.10 or lower (long term 18 months +).
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1 Comments
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dada123 26 Sep.

It's been 15 months since the EUR/USD forecasted a move towards 1.25 (currently at 1.2678 low):

''The benefits resulting from close attention to a formed Complex head and shoulder pattern suggests a possible move to 1.25.''

Next stop is to '' look for a further decline of the EUR/USD to lows of october 2008 (1.23).''

and if the October 2008 does not hold,  the EUR/USD ''could move to 1.18 or further lower to 1.00 - 0.90.''

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