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- Jim L replied Jan 31, 2012
The Euro looks like it may be trying to carve out a Head Shoulder top, but really needs to stay under 1.3100 to remain valid. 1.3090 is 23.6% of 1.2623/1.3234 and currently acts as short term resistance.If it works, 1.2925 would be the target, so ...
- Jim L replied Jan 17, 2012
Aud didnt like the giddy heights around 1.0450 and retreated sharply from trendline resistance and with the hourlies pointing lower we may see a bit of near term weakness before the Aud has another attempt at higher ground. The 200DMA at 1.0410 will ...
- Jim L replied Jan 12, 2012
The Eur/Aud bottomed out right on the channel support at 1.2298 before seeing a good rebound to 1.2440. In the process it has made a Key Reversal and further gains to trend resistance 1.2530 and possibly Fibo resistance at 1.2630 may lie ahead. ...
- Jim L replied Jan 12, 2012
The Eur/Aud hit the bottom of the channel perfectly and rebounded strongly, making it a key reversal day in the process, so be wary of selling it here as there may well be more gains ahead, towards the trend resistance at 1.2530 and then Fibo level ...
- Jim L replied Jan 11, 2012
Hi folks here is my humble view for what it is worth..... The Euro is sitting right above channel support (around 1.2640) and below here is Fibo support at 1.2590 (76.4% of 1.1875/1.4230). Not only that, as the chart attachment shows (if it works, ...
- Jim L replied Jan 11, 2012
Aud range looks like it is converging and more choppy two consolidation is on the cards until we see a break of the 1.0040/1.0385 range. China CPI n ECB/BOE rate decisions may give us a better idea. 200 DMA @104.10 will provide resistance. I reckon ...
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