Showing posts with label EURUSD. Show all posts
Showing posts with label EURUSD. Show all posts

Wednesday, May 19, 2010

Forex analysis : EUR and USD

I tend to feel tired these 2 weeks thus reduced the frequency on updating this blog.

At here, I would like to talk briefly on the EUR and USD currency.

As a forex player, we shall not try to against the trend. If we try to do so, it is called suicide. As such, we shall avoid buy EUR or sell USD at current market situation.

Even if you saw the price of EUR/USD goes up, don't be tempted to buy

Friday, May 14, 2010

Forex analysis - Continue short EURUSD next week ? yeah, just do it

Hi guys and girls,

Seeing the current trend, do you dare to short EURUSD next week ?

If reading fundamental news, you will know that Europe zone economy and US economy are in very opposite direction. Europe is troubled by the Greek crisis and it seems there is no end on the Greek crisis. No matter how much Europe pledged the rescue fund, it can't against the whole global market. Some more, the

Thursday, May 13, 2010

Forex analysis - EURUSD on 13 May 2010

The EURUSD had a sudden jump up on Monday trading hours due to good news on weekends where EURO countries and IMF both pledged rescue fund to save Greek. However, Greek is a black hole in my personal opinion. It will continue to suck money from EURO countries and weaken EURO economy further.

Last week, I predicted we shall continue to short EURUSD.Today, the price of EURUSD had finally fallen