Thread: Discuss all about FX open

Originally Posted by primarylogic

Thanks for the info, I will keep an eye.

Sure my friend :)

Alizain, I suggest you not to do GJ there, it is very crazy, I lost all the money in that account on EU, the most stable pair

Today, GBP/USD is hopeful to stall or test the resistance. Strong resistance:1.5600, weak resistance:1.5500; Strong support:1.5210, weak support: 1.5310.

Presently most economists predict that Reserve Band of New Zealand will cut considerably benchmark interest rate by 150 base point on the monetary policy meeting held next Thursday to avoid economy’s heavy recession.

Originally Posted by kkitq

Today, GBP/USD is hopeful to stall or test the resistance. Strong resistance:1.5600, weak resistance:1.5500; Strong support:1.5210, weak support: 1.5310.

G/U is brewing a big markets, target 1.57-1.58.

GU is going to 1.5, EU will go to 1.24, I want to SL my long trade on EU

E/U H4 4 Charting Analysis

buy limit 1.2580 S/L 1.2550

RISK YOURSELF

1.2580? I do not think it will go there today, I will buy it at 1.2610

The data released by the data compiled agencies Markit shows manufacturing PMI of November in Euro zone fell to historical bottom, lower than the original bad data. The prospect of manufacture is really hard.
The data shows manufacturing PMI of November in Euro zone fell to 35.6, far away the original 36.2 and the prospect of economists. The output, added and surplus orders hit lowest bottom of history.
PMI in Euro zone has been below 50 for six months. Companies are cutting off jobs. Employment Index dropped to lowest level 41.0. The data reported by Eurostat on last Friday showed the unemployment rate rose to 7.7% the high of recent two years.
However, Input price decreased to the low of recent 7 years and output price also fell to the lowest since July, 2003, Which will give more pressure to European Central Bank on cutting rates substantially on Thursday

resistance
0.6755 November 11th’s break high
0.6695 November 14th’s high
0.6615 November 25th hour’s high
0.6555 December 1st’s high
support
0.6395 December 1st hour’s low
0.6335 November 25th’s low
0.6235 November 24th’s low
0.6075 November 20th’s low.