Thanks. I´ve opened a long position at 1.3506. Will probably close it around 135.55 (55 EMA) unless I see a clean break of the 55.

EurAnalysis

PT, are you flat right now, waiting for 135.50 to go short?

EurAnalysis

Her is the S&P chart.

EurAnalysis

Here is the S&P H4 chart. The same bullish divergences are showing on the Trix, which is even more bullish than the EURUSD Trix. Also a bullish divergence is building on the RSI. The bullish move may still take a day to develop, but I think it´s ...

EurAnalysis

Also, my own Lorente indicator is showing a strong bullish bias for the next 20 days. This is an indicator I have developed over the past 20 years. It is my main trading tool.

EurAnalysis

The 2 green bullish divergence arrows on the Trix plus both the Fast Trix and the Slow Trix green and both over 0 indicate the base is likely to resolve itself to the upside. The RSI down trendline is likely to be broken since the RSI is slowly ...

EurAnalysis

My indicators are showing a strong bias to the upside for the immediate future on both the S&P and EURUSD. Even though longer term I still think EURUSD is headed down, we may see 1.38 before we head lower. I am remaining on the sidelines for now ...

EurAnalysis

Yes it will be. PA has not been able to breach the top of the range. Price may test the bottom of the range now at 1.3425 now.

EurAnalysis

Opened my second short batch of 3 at 1.3517.

EurAnalysis

That´s why I don´t use TP. It´s better to exit the trade manually than to rely on a number being hit.

EurAnalysis

I would like to please you with your request, but I hold a US passport. Will certainly vote against Obama next year though, no matter who is the candidate on the other side.

EurAnalysis

Interesting. We both caught the exact same three entry points.

EurAnalysis

That´s not going to happen. The Inflationphobic Germans would never allow it. The end result will most likely be an exit from the euro by the peripheral countries, including Spain and maybe Italy. The Euro will remain a northern economies currency. ...

EurAnalysis

I was inclined to think that eur would bounce to 1.36-1.3650 before going down. However, after seeing the PA for the last 3 hours, I now believe we may not retrace. I opened my first longer term short batch at 1.3523, 15 minutes ago. I still will ...

EurAnalysis

My three profitable scalp trades in the past 2 hours where all shorted on the R1 resistance pivot. The fact that PA is having so much trouble breaking R1, tells me that the drop will be swift and powerful when it arrives.

EurAnalysis

When you are forming a base, there is nothing you can do but scalp or fall asleep looking at the monitor. Scalping is more profitable than sleeping...

EurAnalysis

Closed short at 1.3513 for a 16 pip profit. S&P hitting support on the Coral MA.

EurAnalysis

Short again at 1.3529. Target: 1.35

EurAnalysis

Closed short at 1.3502 for a 23 pip profit.

EurAnalysis

Short again at 1.3525. I´f it goes higher I will keep this as one of my three longer term batches. Target: 1.3490

EurAnalysis