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User Time Action Performed
  • 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).

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  • Comment #1
  • Quote
  • Dec 19, 2012 8:07am Dec 19, 2012 8:07am
  •  ro.user
  • | Joined Dec 2012 | Status: Member | 46 Comments
expecting the US data and possible breakout to 1.335xx area ...
 
 
  • Comment #2
  • Quote
  • Dec 19, 2012 8:10am Dec 19, 2012 8:10am
  •  Guest
  • | IP XX.XX.49.200
I guess it will go till 1.4 by feb
 
 
  • Comment #3
  • Quote
  • Dec 19, 2012 8:22am Dec 19, 2012 8:22am
  •  jaygee
  • | Membership Revoked | Joined Jul 2010 | 2713 Comments
add to eur/usd short 3303 6x
 
 
  • Comment #4
  • Quote
  • Dec 19, 2012 8:26am Dec 19, 2012 8:26am
  •  belief81
  • | Joined Jan 2012 | Status: Member | 72 Comments
Quoting jaygee
Disliked
add to eur/usd short 3303 6x
Ignored
Pls add some margin also
 
 
  • Comment #5
  • Quote
  • Dec 19, 2012 8:26am Dec 19, 2012 8:26am
  •  aviz12
  • | Joined Dec 2011 | Status: Member | 71 Comments
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
 
 
  • Comment #6
  • Quote
  • Dec 19, 2012 8:27am Dec 19, 2012 8:27am
  •  IberoForex
  • | Joined Jul 2012 | Status: Member | 479 Comments
Look SP500 1.4500 already passed! Be careful!
 
 
  • Comment #7
  • Quote
  • Edited 1:06pm Dec 19, 2012 8:32am | Edited 1:06pm
  •  johnel
  • | Joined Jan 2012 | Status: Member | 508 Comments
so what???!????!
 
 
  • Comment #8
  • Quote
  • Dec 19, 2012 8:33am Dec 19, 2012 8:33am
  •  spekitox
  • | Joined Sep 2008 | Status: Lucky Man | 715 Comments
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
 
 
  • Comment #9
  • Quote
  • Dec 19, 2012 8:37am Dec 19, 2012 8:37am
  •  Guest
  • | IP XX.XX.117.76
This is earth shaking news. Came in very handy while reading my charts in brail.
 
 
  • Comment #10
  • Quote
  • Dec 19, 2012 8:50am Dec 19, 2012 8:50am
  •  Mr D.
  • | Joined Jul 2009 | Status: Member | 50 Comments
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
 
 
  • Comment #11
  • Quote
  • Dec 19, 2012 8:57am Dec 19, 2012 8:57am
  •  spekitox
  • | Joined Sep 2008 | Status: Lucky Man | 715 Comments
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
 
 
  • Comment #12
  • Quote
  • Dec 19, 2012 8:57am Dec 19, 2012 8:57am
  •  nahidlink
  • | Joined May 2012 | Status: Member | 38 Comments
SOUND GOOD IN USD
 
 
  • Comment #13
  • Quote
  • Dec 19, 2012 8:57am Dec 19, 2012 8:57am
  •  Guest
  • | IP XX.XX.136.42
i am so glad euro crisis are over yeaaaaaaaaaaa OR THIS COULD BE A BUBBLE OF ALL TIME
 
 
  • Comment #14
  • Quote
  • Dec 19, 2012 9:00am Dec 19, 2012 9:00am
  •  Mr D.
  • | Joined Jul 2009 | Status: Member | 50 Comments
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
 
 
  • Comment #15
  • Quote
  • Dec 19, 2012 9:03am Dec 19, 2012 9:03am
  •  safdarhashmi
  • | Joined Mar 2011 | Status: Member | 590 Comments
whats the correlation between S&P500 and EURUSD
Quoting IberoForex
Disliked
Look SP500 1.4500 already passed! Be careful!
Ignored
 
 
  • Comment #16
  • Quote
  • Dec 19, 2012 9:06am Dec 19, 2012 9:06am
  •  spekitox
  • | Joined Sep 2008 | Status: Lucky Man | 715 Comments
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
 
 
  • Comment #17
  • Quote
  • Dec 19, 2012 9:06am Dec 19, 2012 9:06am
  •  jonahky7
  • | Membership Revoked | Joined Aug 2011 | 4530 Comments
Quoting safdarhashmi
Disliked
whats the correlation between S&P500 and EURUSD
Ignored
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)
 
 
  • Comment #18
  • Quote
  • Dec 19, 2012 9:08am Dec 19, 2012 9:08am
  •  Qiryani
  • | Joined Jun 2012 | Status: Member | 169 Comments
Quoting safdarhashmi
Disliked
whats the correlation between S&P500 and EURUSD
Ignored
opposite
 
 
  • Comment #19
  • Quote
  • Dec 19, 2012 9:14am Dec 19, 2012 9:14am
  •  Mr D.
  • | Joined Jul 2009 | Status: Member | 50 Comments
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
 
 
  • Comment #20
  • Quote
  • Dec 19, 2012 9:19am Dec 19, 2012 9:19am
  •  Mr D.
  • | Joined Jul 2009 | Status: Member | 50 Comments
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
 
 
  • Comment #21
  • Quote
  • Dec 19, 2012 9:25am Dec 19, 2012 9:25am
  •  spekitox
  • | Joined Sep 2008 | Status: Lucky Man | 715 Comments
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
 
 
  • Comment #22
  • Quote
  • Dec 19, 2012 10:13am Dec 19, 2012 10:13am
  •  Guest
  • | IP XXX.XX.231.23
its good for usd back 1.3145 very soon
 
 
  • Comment #23
  • Quote
  • Dec 19, 2012 10:21am Dec 19, 2012 10:21am
  •  silvia77
  • Joined Jun 2008 | Status: Member | 274 Comments
Is it Mr.D having a problem with EUR??
 
 
  • Comment #24
  • Quote
  • Dec 19, 2012 10:24am Dec 19, 2012 10:24am
  •  jaygee
  • | Membership Revoked | Joined Jul 2010 | 2713 Comments
gold pop
 
 
  • Comment #25
  • Quote
  • Dec 19, 2012 2:36pm Dec 19, 2012 2:36pm
  •  Yigal5766
  • | Joined Dec 2012 | Status: Member | 55 Comments
add EUR/USD buy at 1.3247 .
i am positive about going up again to top
 
 
  • Comment #26
  • Quote
  • Dec 19, 2012 2:54pm Dec 19, 2012 2:54pm
  •  Guest
  • | IP XXX.XX.98.199
4 hrs chart showing reversal.it may drop by 100 pips within a day
 
 
  • Comment #27
  • Quote
  • Dec 19, 2012 3:44pm Dec 19, 2012 3:44pm
  •  cecchino
  • | Joined Dec 2012 | Status: Member | 321 Comments
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.
 
 
  • Comment #28
  • Quote
  • Dec 19, 2012 7:55pm Dec 19, 2012 7:55pm
  •  love.l0ve
  • | Joined May 2012 | Status: Member | 96 Comments
Quoting Yigal5766
Disliked
add EUR/USD buy at 1.3247 .
i am positive about going up again to top
Ignored
Haha, now you predict EU go up, i booked at 1.3250, and now ai can say it will go down from now
 
 
  • Comment #29
  • Quote
  • Dec 20, 2012 2:35am Dec 20, 2012 2:35am
  •  pang5
  • | Joined Jan 2011 | Status: Member | 17 Comments
EU start going down from now until new year
 
 
  • Comment #30
  • Quote
  • Dec 20, 2012 7:44am Dec 20, 2012 7:44am
  •  pang5
  • | Joined Jan 2011 | Status: Member | 17 Comments
sell eu now
 
 
  • New Comment
  •  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
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