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What’s next for the Euro?

Posted on September 12, 2008 at 2:55 in Uncategorized by Ross Yamashita

Hello everyone.

If you remember, we said the EUR/USD was heading down to 1.1000. We’ve had a good move down thus far and now we’re in a bit of a retracement. The longer term trend is still down.

I drew in a trend line and did some Fibonacci analysis and found a potential turning point at 1.4220.

EUR/USD

So, the question is, do we trade against the overall trend? We’ve all been taught - the trend is your friend. Well, the answer depends on your risk tolerance and money management. Also, be sure to check out the other expert bloggers on FX Street.

Good luck and happy trading.

Tags: Dollar, Euro, Pro Pipper Trading, Ross Yamashita

2 Responses to “What’s next for the Euro?”

  1. on 12 Sep 2008 at 11:58 am1St_Fx

    Hi Ross,
    In case break of trend line resistance, what is the alternatives.

  2. on 16 Sep 2008 at 5:21 am2tim

    Hi Ross
    You see Euro down to 1.100, where does AUD fit into the picture.

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