EURUSD Trading Strategy as at August 13 (updated) - forex trading account opening

EURUSD Trading Strategy as at August 13 (updated) ~ forex trading account opening

What Trading Strategy For The Euro Today?

After a great gain on Wednesday, the Euro seems to be backing off from resistance today. The CCI shows overbought on the daily chart.
There is mixed opinions as to the Yuan moves and how they will be affecting the Euro.

Here is a daily chart

You can see the divergence on the 4 hour chart, the market seems undecided as to bull or bear.

I have gathered some articles to provide some opinions as to what the writers foresee.


EUR/USD Rally to Fizzle on Strong U.S. Retail Sales - DailyFX
http://news.google.com Thu, 13 Aug 2015 08:01:57 GMT
DailyFXEUR/USD Rally to Fizzle on Strong U.S. Retail SalesDailyFXNeed red, five-minute candle following a positive print to consider a short EUR/USD trade. If market reaction favors a bullish dollar trade, sell EUR/USD with two separate position. Set ...
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EUR/USD: Trading the Preliminary German GDP - Forex Crunch
http://news.google.com Thu, 13 Aug 2015 09:37:00 GMT
FX EmpireEUR/USD: Trading the Preliminary German GDPForex CrunchGross Domestic Product (GDP) indicator is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A readi ...
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EUR/USD: Has The USD Peaked? - BofA Merrill - eFXnews
http://news.google.com Thu, 13 Aug 2015 03:07:01 GMT
EUR/USD: Has The USD Peaked? - BofA MerrilleFXnews"This suggests monetary policies will likely be looser for the ECB than for the Fed for years to come, which is consistent with a weak EUR/USD, even in the medium to long term. Better Eurozone data wi ...
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EUR/USD Technical Analysis: Euro Gains Most in a Month - DailyFX
http://news.google.com Thu, 13 Aug 2015 04:19:22 GMT
DailyFXEUR/USD Technical Analysis: Euro Gains Most in a MonthDailyFXThe Euro rose for a sixth consecutive day, putting in the largest daily advance in a month against the US Dollar. Near-term resistance is at 1.1195, the 61.8% Fibonacci retracement, ...
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How CNY Devaluation Will Eventually Lead To EUR/USD Selling - BNPP - Forex Crunch
http://news.google.com Thu, 13 Aug 2015 10:12:00 GMT
Forex CrunchHow CNY Devaluation Will Eventually Lead To EUR/USD Selling - BNPPForex Crunch4- “The associated portfolio rebalancing would require EURUSD selling,” BNPP argues. 5- “Partially offsetting some of the USD-bullish trend may be reduced FOMC ...
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EUR/USD Mid-Session Technical Analysis for August 13, 2015 - FX Empire
http://news.google.com Thu, 13 Aug 2015 10:08:00 GMT
FX EmpireEUR/USD Mid-Session Technical Analysis for August 13, 2015FX EmpireThe EUR/USD is trading lower at the mid-session. There was no follow-through to the upside after yesterdays strong surge, giving long investors an excuse to book profits. Th ...
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EUR/USD Touches July High, Gains 110 Pips - Action Forex
http://news.google.com Thu, 13 Aug 2015 08:44:00 GMT
EUR/USD Touches July High, Gains 110 PipsAction ForexEUR/USD surged the most since Jul 29 on fears the Fed may not hike rates in September. As a result, the Euro pierced through a resistance zone at 1.1080, reached a daily high at 1.1216 (Jul high), ...
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