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Will the EUR/USD hit 1.5000? Read on.

Posted on October 14, 2009 at 3:33 in Uncategorized by Ross Yamashita

Hello everyone.

Looking at the EUR/USD, we see the bulls currently have a good hold on this currency pair and it seems like they’re not going to let go anytime soon.

We may see a retracement to the 1.4850 - 1.4800 area but it looks like 1.5000 is not out of the question - in fact, maybe a good point to look towards because of its psychological significance.

Good luck with trading.

Tags: Currency Trading, Elliott Wave, EURUSD, Forex, FX, Pro Pipper Trading, Ross Yamashita

5 Responses to “Will the EUR/USD hit 1.5000? Read on.”

  1. on 14 Oct 2009 at 9:11 am1safi

    yes eur/usd will reach reach 1.5000

  2. on 14 Oct 2009 at 11:19 am2wahid sardar

    sir i wana ask the question

    i sold the EUR/USD at 1.4800 what u think i hold the position,or chope the position,if i take the stop, where i get,

    plz give me reply

    wahid sardar

  3. on 14 Oct 2009 at 3:07 pm3Arvind

    my friends what will hapen euro will hit 1.50 or back t0 1.48 ?
    can u please leave comment here thankxs

  4. on 16 Oct 2009 at 3:07 am4Ross Yamashita

    Hello Safi, Wahid and Arvind.

    Thanks for leaving the comments. We really appreciate it. We’ll post our EUR/USD analysis either tomorrow or early next week.

    Safi - Yes, although it’s bouncing and hitting major resistance at the 1.4967 area so we’ll have to wait until the NY session to see what happens.

    Please look for our post on this pair coming up either late this week or early next week.

    Good luck.

  5. on 22 Oct 2009 at 1:00 pm5Arvind

    eurusd will be back 1.45 i think so …i am not expert but i can say….Hapy trading..make very small volume …0.05 or depend on your equity..don’t make exide order..make limited order…Happy trading…

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