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  • EUR/USD – The strong resistance at 1.3172 has been broken

    From migbank.com Story is in PDF Format

    EUR/USD has broken the strong resistance at 1.3172 (17/09/2012 high). Another resistance can be found at 1.3284 (01/05/2012 high). Hourly supports are at 1.3144 (17/12/2012 low) and 1.3041 (13/12/2012 low). • The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. However, we still expect a phase of weakness in the next few weeks given the general overbought conditions. A strong resistance is at 1.3487 (24/02/2012 high).

expecting the US data and possible breakout to 1.335xx area ...
  •  Guest
  • | IP XX.XX.49.200
I guess it will go till 1.4 by feb
add to eur/usd short 3303 6x
Quoting jaygee
add to eur/usd short 3303 6x
Pls add some margin also
It is looking to go around 1.35 zone.. Need to confirm break 1.3308 levels.
Classical chart patterns of currencies from 15+ Year Pro Trader
Look SP500 1.4500 already passed! Be careful!
so what???!????!
LOL belief81 that was funny

BTW, Mr. jaygee, are you aware that the main forum pages do have interactive trading rooms where people share opinions, and post live trades? Not that you couldn't post them here of course.
forget about tomorrow, just steal away into the night
  •  Guest
  • | IP XX.XX.117.76
This is earth shaking news. Came in very handy while reading my charts in brail.
I want to thank all of you who are buying the Euro at this price when all the signs point to it being valued at around 1.20. I will think of you all as I drive my new car you bought for me.
Jesus my Lord
Very welcome Mr. D. Please keep us in the loop; what if the Christmas rally takes it up to 1.4 before it plunges to 1.2?
forget about tomorrow, just steal away into the night
SOUND GOOD IN USD
  •  Guest
  • | IP XX.XX.136.42
i am so glad euro crisis are over yeaaaaaaaaaaa OR THIS COULD BE A BUBBLE OF ALL TIME
1.40 just means I get a new car and a new house when it falls like a rock. especially against the AUD
Jesus my Lord
whats the correlation between S&P500 and EURUSD
Quoting IberoForex
Look SP500 1.4500 already passed! Be careful!
New car, new house, that's ubercool Mr. D.
A new car and a new house will get you a new wife aswell, me thinks.
forget about tomorrow, just steal away into the night
Quoting safdarhashmi
whats the correlation between S&P500 and EURUSD
In theory if SP goes up, parasite will follow with a delay. Likewise the opposite. Best if you correlate both with DOW index as well.

But of course there are occasional times when they go out of correlation! But a factor of .58-.67 is what I have on my calculation.

If still unclear, go to pipsology (if I spell correctly)
Quoting safdarhashmi
whats the correlation between S&P500 and EURUSD
opposite
The Euro has never been worth more than 1.20 and was introduced at par with the dollar when it was only worth $.77 yes the dollar and the eur are over valued. If Germany is really going down then the Euro will be once again worth less than the dollar.So please all you people comtinue to buy so I can get rich sooner.
Jesus my Lord
I have been making a fortune shorting the Euro and I usually short it against the AUD. It's now one of the most overpriced currencies their is along with the dollar but the dollar enjoys safe haven status
Jesus my Lord
Well done Mr. D, you're not only profiting from the ratio but also the swaps, E/A is one of the best options for shorting Euros (interest wise)
forget about tomorrow, just steal away into the night
  •  Guest
  • | IP XXX.XX.231.23
its good for usd back 1.3145 very soon
Is it Mr.D having a problem with EUR??
gold pop
add EUR/USD buy at 1.3247 .
i am positive about going up again to top
  •  Guest
  • | IP XXX.XX.98.199
4 hrs chart showing reversal.it may drop by 100 pips within a day
Honestly i think the EURUSD stay around this high level as long to friday (12/21) yet before the Christmas holyday and year-end, before starting the selling pressure. Really it's over-valued but some rumors talk about that ECB in january NOT WANT cut interest rates more, despite opposition of some members in the board maybe he cut the bench at the end of the first quarter. Maybe, but superMario always hidden some surpreise. For now it's better to stay and wait the top for starting new wave of selling. only personal opinion.
Quoting Yigal5766
add EUR/USD buy at 1.3247 .
i am positive about going up again to top
Haha, now you predict EU go up, i booked at 1.3250, and now ai can say it will go down from now
EU start going down from now until new year
sell eu now
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  •  Guest
  • | IP XX.XXX.92.49
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  • Story Stats
  • Posted: Dec 19, 2012 7:53am
  • Submitted by:
     migbank
    Category: Technical Analysis
    Comments: 30  /  Views: 6,077