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pres78 replied Oct 18, 2010If it does close green it could be a repeat of Oct 12th where we followed up with a couple more bull days. Still aways to go.
EURUSD
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pres78 replied Oct 18, 201021EMA has crossed 55EMA on 15min. Price has crossed back above 200EMA (barely). Would like to see 21EMA also cross the 200 or at least the 100. We are also facing the 19.1 fib of last week at 1.3978 and the monthly R1 at 1.3991. 1.4 may come but it ...
EURUSD
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pres78 replied Oct 18, 2010Out for 50 pips. Will wait for a new set-up to re-enter short or long. Break or confirmation of fib and support resistance levels. Too much resistance at the current levels to hold any longer ATM.
EURUSD
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pres78 replied Oct 18, 201080.9 Fib of today's swing held as support on last 15min candle. Can we break the resistance at 1.3960-1.3970?
EURUSD
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pres78 replied Oct 18, 2010any idea why? Is the upcoming GBP data this week already weighing on that pair? QE coming for sure for GBP and probably sooner than USD?
EURUSD
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pres78 replied Oct 18, 2010Yes I am keeping a close eye on 1.3960 - 1.3970 as there is some definate resistance there. May or may not stop the bulls. Even if it does stop it may be temporary.
EURUSD
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pres78 replied Oct 18, 2010I like the 1hr and 4hr close above 1.3945. I see a lot of resistance at 1.3960-1.3970 area to get through, the 55EMA, 100EMA, Weekly Pivot and Daily high all grouped within a few pips.
EURUSD
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pres78 replied Oct 18, 2010I see that also as 1.3968 is the weekly pivot / 50% fib. I am also watching for a break above 1.3945 (80.9% fib of today's H/L). I will decide whether to hold my position after I see what PA does at this level. I got in on the re-test / hold of ...
EURUSD
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pres78 replied Oct 18, 2010I have a 1h and 4hr candle both closing in 25mins. I want to see if they are above or below 3920 upon closing.
EURUSD
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pres78 replied Oct 18, 201015min now heading down to test 1.3920 area. Need to see if it holds before considering a long.
EURUSD
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pres78 replied Oct 18, 2010Waiting to see if this 15m closes above 1.3920. Also we are back above today's swing H/L fib 61.8 at 1.3918. A close above both brings at least the daily high back in view for a test IMHO. A close above Friday's low at 1.3636 would be even better. ...
EURUSD
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pres78 replied Oct 18, 2010ATM the EUR is holding up much better than the GBP against the USD.
EURUSD
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pres78 replied Oct 18, 2010Good news doesn't always = stroubg USD... sometimes it + strong stocks and weak USD. Have to watch this closely.
EURUSD
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pres78 replied Oct 18, 2010Bullish engulfing? on the 1hr... Good US data though... could cause a stock rally?
EURUSD
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pres78 replied Oct 18, 2010I am on the sidelines until one or the other gives. But the way this PA has been I would also feel better to see it give and then be re-tested to make sure it holds before entering long or short ATM.
EURUSD
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pres78 replied Oct 18, 2010Another possible bounce of USDx at 77.6 that I am watching closely... A clear break and hold below 77.5 or above 77.7 need IMHO to break out of this range we are in on the 15m between 3920 and 3885.
EURUSD
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pres78 replied Oct 18, 2010Agreed but I would only be bearish from 1.3885 to 1.3846 for the moment to see what happens. 1.3846 is last weeks 19.1 fib which can provide some support. Have to see how the rest of today plays out and adjust entries and targets to suit.
EURUSD
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pres78 replied Oct 18, 2010Yes it was a big drop in the last few minutes... It stopped dead on the 1hr 21EMA at it's high for that thrust up. Still waiting on this hr candle to see where we stand.
EURUSD