Seeing the current highly unstable situation in EUR/USD makes me wonder what will happen next. In my opinion, the pair has enough momentum to either jump up significantly or fall down far below 1.3 level. The currency pair has broken through the descending triangle pattern’s support, but seems reluctant to pass below 1.3 level. What is your opinion regarding the Euro/Dollar?
Where will EUR/USD end trading in May?
- Below 1.3000 (60%, 27 Votes)
- Above 1.3000 (40%, 18 Votes)
Total Voters: 45
Loading ...The poll will expire on May 15. Update 2012-05-20: OK, I’ve messed up the poll expiry date; closed it manually today.The chart below shows EUR/USD in a daily timeframe since the beginning of 2012:
If you want to share your opinion or comments regarding the near future of the EUR/USD currency pair, feel free to reply using the form below.
May 9th, 2012 at 10:07 am
Good day! I appreciate the time you take into making these posts, I like the clean and simple charts, now going to the point, I see a significant long term downtrend and although price has breached the 1.3 level, it hasn’t decided to go any deeper, it could also very well first retrace close to the 1.3240 level firs before going anywhere I think, for me the trend is everything and I would sell on the retracement, let’s wait and see.
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May 9th, 2012 at 10:36 pm
Im a german and i know where it will go im in short @ 1,3144 and now it will go to 1,2500 not a thing can stop it because the Euro step up in its final stage. The euro is dead body and now the soul is going to die. Short it on pull backs and be happy !!
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admin Reply:
May 10th, 2012 at 6:26 am
Sorry, but being a German doesn’t make one any more knowledgeable about the currency pair. Unless you work in ECB, of course.
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May 14th, 2012 at 7:26 pm
Great Article!
In my opinon EUR will jump up, I’ll trade so.
Best Regards.
Jack Boston
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