-
EUR/USD – A break under 1.3035 will favour extension towards 1.2600 - MIG Bank
EUR/USD bears are weighing down on a key multi-month reversal pattern support level. The previous sharp sell-off was helped by a recent DeMark™ exhaustion signal. • A decisive close below 1.3000 (psychological support) is required to unlock the important multi-month reversal pattern into 1.2625 (16 Jan swing low). • Meanwhile, only a sustained daily close back above 1.3460 puts this scenario on hold for a potential recovery into our upside target zone at 1.3542 (200-day average). • Inversely, the USD Index is still holding its latest rebounded from key support at 78.66/10 (04 March low/TD Level), which was ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 12, 2012 7:40am Apr 12, 2012 7:40am
- ProfitsOnly
- | Joined Apr 2012 | Status: Member | 4 Comments
- Comment #2
- Quote
- Apr 12, 2012 7:42am Apr 12, 2012 7:42am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #3
- Quote
- Apr 12, 2012 7:44am Apr 12, 2012 7:44am
- Guest
- | IP XXX.XXX.28.108
- Comment #4
- Quote
- Apr 12, 2012 7:49am Apr 12, 2012 7:49am
- jokerfx
- | Joined Feb 2012 | Status: Member | 38 Comments
- Comment #5
- Quote
- Apr 12, 2012 7:56am Apr 12, 2012 7:56am
- Guentong
- | Joined Jul 2011 | Status: Member | 40 Comments
- Comment #6
- Quote
- Apr 12, 2012 8:18am Apr 12, 2012 8:18am
- Dr.Zain
- Joined Sep 2008 | Status: Member | 1472 Comments
- Comment #7
- Quote
- Apr 12, 2012 8:29am Apr 12, 2012 8:29am
- marcof91
- Joined Dec 2011 | Status: Part-time Trader | 25 Comments
Work smarter,not harder
- Comment #8
- Quote
- Apr 12, 2012 8:31am Apr 12, 2012 8:31am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #9
- Quote
- Apr 12, 2012 8:38am Apr 12, 2012 8:38am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #10
- Quote
- Apr 12, 2012 8:42am Apr 12, 2012 8:42am
- mehboob
- | Joined Dec 2010 | Status: Member | 189 Comments
- Comment #11
- Quote
- Apr 12, 2012 8:46am Apr 12, 2012 8:46am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #12
- Quote
- Apr 12, 2012 9:04am Apr 12, 2012 9:04am
- Guest
- | IP XXX.XXX.156.36
- Comment #13
- Quote
- Apr 12, 2012 9:54am Apr 12, 2012 9:54am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #14
- Quote
- Apr 12, 2012 9:58am Apr 12, 2012 9:58am
- Guentong
- | Joined Jul 2011 | Status: Member | 40 Comments
- Comment #15
- Quote
- Apr 12, 2012 11:14am Apr 12, 2012 11:14am
- eu_trader
- | Joined May 2011 | Status: Member | 37 Comments
I have past history of statements to justify what i say.
- Comment #16
- Quote
- Apr 12, 2012 11:21am Apr 12, 2012 11:21am
- jokerfx
- | Joined Feb 2012 | Status: Member | 38 Comments
- Comment #17
- Quote
- Apr 12, 2012 11:32am Apr 12, 2012 11:32am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #18
- Quote
- Apr 12, 2012 1:13pm Apr 12, 2012 1:13pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #19
- Quote
- Apr 14, 2012 2:18am Apr 14, 2012 2:18am
- Guest
- | IP XXX.XX.62.62