Hello,
a quick update on the 4-hour chart of the Euro FX currency futures (shorts stops being hit as I add this chart ):
http://www.forexfactory.com/attachme...1&d=1360745712
The 1.3480 area is still acting as a resistance on the Euro FX currency futures. I need to see price above this level.
I need to see the price of the Euro above the 1.3510 level. Above this area we can have a reasonable certainty that bears on the daily timeframe will have been gone to, so there is no more interest in selling the Euro.
Until that happen a retest and break of 1.3360 is still possible, unfortunately.
PS: the related video-analysis is on my blog
Have a profitable day.
a quick update on the 4-hour chart of the Euro FX currency futures (shorts stops being hit as I add this chart ):
http://www.forexfactory.com/attachme...1&d=1360745712
The 1.3480 area is still acting as a resistance on the Euro FX currency futures. I need to see price above this level.
I need to see the price of the Euro above the 1.3510 level. Above this area we can have a reasonable certainty that bears on the daily timeframe will have been gone to, so there is no more interest in selling the Euro.
Until that happen a retest and break of 1.3360 is still possible, unfortunately.
PS: the related video-analysis is on my blog
Have a profitable day.
"markets traded by programs/HFT offer a significant trading edge..."