-
EUR/USD – is it a Double Top or Expanded Flat?
1.31, consolidation: Following up with yesterday’s (12/12) update on EUR/USD, the pair continues to consolidate under the 1.31 handle. After failing to push above 1.31 during the 12/12 US session, the market tried again during the 12/13 Asian session. The second attempt was ever so slightly higher, still failing to break 1.31. A bearish divergence with the RSI was then resolved as European trading brought EUR/USD back to around 1.3050 to start the 12/13 US session. Double top vs. expanded flat, 1.3077: The 1H chart shows that so far, we have basically completed a double top. But the topping action is still a bit ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 13, 2012 8:04am Dec 13, 2012 8:04am
- biren.nepal
- | Joined May 2012 | Status: Member | 222 Comments
- Comment #2
- Quote
- Dec 13, 2012 8:05am Dec 13, 2012 8:05am
- shohug
- | Joined Jul 2012 | Status: Pro Trader | 18 Comments
- Comment #3
- Quote
- Dec 13, 2012 8:08am Dec 13, 2012 8:08am
- Guest
- | IP XX.XX.13.68
- Comment #4
- Quote
- Dec 13, 2012 8:10am Dec 13, 2012 8:10am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #5
- Quote
- Dec 13, 2012 8:22am Dec 13, 2012 8:22am
- mmforexinfo
- | Joined Jan 2012 | Status: Member | 305 Comments
- Comment #6
- Quote
- Dec 13, 2012 8:27am Dec 13, 2012 8:27am
- moonstruck
- | Joined Oct 2012 | Status: Member | 30 Comments
- Comment #7
- Quote
- Dec 13, 2012 8:30am Dec 13, 2012 8:30am
- shaf04
- | Joined Sep 2012 | Status: Member | 13 Comments
- Comment #8
- Quote
- Dec 13, 2012 8:35am Dec 13, 2012 8:35am
- May
- | Joined May 2011 | Status: Member | 81 Comments
- Comment #9
- Quote
- Dec 13, 2012 8:36am Dec 13, 2012 8:36am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #10
- Quote
- Dec 13, 2012 8:49am Dec 13, 2012 8:49am
- mmforexinfo
- | Joined Jan 2012 | Status: Member | 305 Comments
- Comment #11
- Quote
- Dec 13, 2012 8:59am Dec 13, 2012 8:59am
- Juan Grande
- | Joined Feb 2008 | Status: Knowledge is good | 26 Comments
- Comment #12
- Quote
- Dec 13, 2012 9:04am Dec 13, 2012 9:04am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #13
- Quote
- Dec 13, 2012 9:11am Dec 13, 2012 9:11am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #14
- Quote
- Dec 13, 2012 9:59am Dec 13, 2012 9:59am
- Guest
- | IP XXX.XXX.97.221
- Comment #15
- Quote
- Dec 13, 2012 11:43am Dec 13, 2012 11:43am
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #16
- Quote
- Dec 13, 2012 11:56am Dec 13, 2012 11:56am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #17
- Quote
- Dec 13, 2012 11:59am Dec 13, 2012 11:59am
- maxtrader
- | Joined Aug 2009 | Status: Managed Accounts Profesional Trader | 34 Comments
Indicators always obey Price, not the other way.
- Comment #18
- Quote
- Dec 13, 2012 12:05pm Dec 13, 2012 12:05pm
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments
- Comment #19
- Quote
- Dec 13, 2012 12:45pm Dec 13, 2012 12:45pm
- Guest
- | IP XXX.XXX.89.156
- Comment #20
- Quote
- Dec 13, 2012 4:05pm Dec 13, 2012 4:05pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #21
- Quote
- Dec 13, 2012 4:19pm Dec 13, 2012 4:19pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #22
- Quote
- Dec 13, 2012 6:16pm Dec 13, 2012 6:16pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #23
- Quote
- Dec 13, 2012 6:23pm Dec 13, 2012 6:23pm
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #24
- Quote
- Dec 13, 2012 7:24pm Dec 13, 2012 7:24pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #25
- Quote
- Dec 13, 2012 8:45pm Dec 13, 2012 8:45pm
- Deano9999
- Joined Jan 2012 | Status: Member | 609 Comments
- Comment #26
- Quote
- Dec 14, 2012 6:46am Dec 14, 2012 6:46am
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments