EUR/USD Weekly Price Outlook: Euro Rally Targets Turn or Burn Level

Pathetic, one of the worlds biggest brokers and they hire donkeys to give you an outlook. Either they are really clueless or they actually could not give a flying rats arse whether you make a good trade or not.

I said last week the EURUSD was heading into a top and it did. This move is not over to the downside, the next cycle low should be 16th to 17 Jan 2019 this is likely to mark a low. Even if this was a first push to the upside the chances are that the EURUSD will retrace back to an area where buyers entered the market before.
1.289 area is likely to attract some more buying. However this could easily be market makers loading up on EURO's to sell them high. A great place to look for cheap EURO's is 1.313454

Very good point!
Despite the common knowledge about the fact that the Fed will slow or freeze the hikes, that doesn't necessarily mean the USD will lose.
Exactly, because the other currencies are fucked up as well, even worse

I suggest that the EURUSD will make a swing low on Monday the 14th Jan 2019 then rally about 40 to 50 points moving to 1.1500 area where it will be sold off. This sell off should last till the 17th Jan or the 18th Jan 2019 where a daily swing low will be made.

My target for this low is 1.1350 I expect the low to arrive about 5 am on either the 17th or 18th Jan

[quote=Hurst;11875559]Pathetic, one of the worlds biggest brokers and they hire donkeys to give you an outlook. Either they are really clueless or they actually could not give a flying rats arse whether you make a good trade or not. quote]

Well said I couldn't of said it better

The saying is actually "turn and burn" not turn or burn.

https://www.urbandictionary.com/define.php?term=turn%20and%20burn

I think what he was saying...if price doesnt turn at that level(115) shorts will get burned to at least 118 where the next level of resistance is...... E/U daily chart going forward into coming months and 2019 https://www.screencast.com/t/xDshIkLCjNy and is still range bound within the Nov range...posted this elsewhere on Jan 4

"...they actually could not give a flying rats arse whether you make a good trade or not."

You must've been taking those new smart pills. They seemingly give information and opinion on one side (and retail traders take it as gospel) and then they say, "but on the other hand it may go the other way, " and a whole different set of traders take that as gospel. Because the info is designed to reinforce your bias and keep you trading. They are like bookies who want to balance their "book" while taking their "vig" off the top. And like bookies they loan you money to keep you trading. And the traders on the opposite side trading. They don't give a rat't arse about you personal success.

98% of all retail traders fail, usually within 6 months, because they don''t learn how the Big Boys control the market by signalling their moves to other major traders. This game is fixed and you have to learn how to analyze where the fix is in or you will eventually lose your account.

Sounds good to me, Would you be willing to share in how to do this, with those who would like to learn please