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pres78 replied Oct 19, 2010Could see a bouce at weekly support at 1.3780 even if only temporary.
EURUSD
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pres78 replied Oct 19, 2010It's a good thing that there was no supply at 1.4
Is this whole downmove Chinese rate driven?EURUSD
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pres78 replied Oct 18, 2010Exactly, I mentioned this earlier today that the daily chart candles for today and Friday look somewhat like Oct 11 and 12. Have to see what it closes like but I could see another couple of bullish days ahead eventually making a higher high.
EURUSD
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pres78 replied Oct 18, 2010Daily S1 at 1.3981 finally got it's first test to hold as support on the 15min. Which one will give 1.3981 S1 or 1.3994 50% fib of the Friday high to today's low?
EURUSD
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pres78 replied Oct 18, 2010Looks like a H&S pattern maybe formed on the USDx 10min charts which startesd yesterday at 77.20. A break of this level could open the doors to another test of 76.40 in the near furture.
EURUSD
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pres78 replied Oct 18, 20101.3978 to 1.3991 zone will take some effort to break though IMHO. But who know with these slow moving NY bulls quitely making new highs.
EURUSD
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pres78 replied Oct 18, 2010Also watch for a possible bounce and retrace before breaking through at 1.4010 as it is the 61.8fib of last week.
EURUSD
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pres78 replied Oct 18, 2010If longs can get past monthlyR1 at 1.3991 I am looking for 1.4010 followed by 1.4020 and 1.4036. A close above 1.4010 and I will load more longs with targets of 1.4084, 1.4115 and 1.4157. Will then wait to see what PA does when testing last weeks ...
EURUSD
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pres78 replied Oct 18, 2010I guess NY was waiting for London to leave for the day to start one of their famous slow crawls to the top.
EURUSD
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pres78 replied Oct 18, 2010Still too early to tell but the start to this week on the 4hr chart looks a lot like the previous 2 weeks. Open by heading down and then up to make a new high before dropping some and ranging to end the week... Last week though we started the drop ...
EURUSD
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pres78 replied Oct 18, 2010London closes soon... we may see a ranging market for the remainder of today until at least Asia. Normally would have said London but Asia has been quite active session as of late. No break in the next 17 mins and that's what we will most likely ...
EURUSD
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pres78 replied Oct 18, 201015min chart shows some consolidation (sorry if not correct term) / ranging between 1.3968 and 1.3946. Looking for a clear break and hold (prefered with a test) before considering any further positions as I do not have the nerves of a scalper to grab ...
EURUSD