DislikedEuropean Forex Technicals: USD Recovery Gathers Momentum
10 Nov 2010, 08:14
By Francis Bray
A DOW JONES NEWSWIRES COLUMN
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2010-11-10_08h14_European Forex Technicals - USD Recovery Gathers Momentum.pdf (12.7 KB)
Intraday EUR/USD: Euro bears are reinforcing the short-term downtrend following the push below 1.3823, and the Oct. 27 higher low at 1.3734...Ignored
2010-11-11_08h20_European Forex Technicals - EURGBP Bear Trend To Extend.pdf (11.7 KB)
European Forex Technicals: EUR/GBP Bear Trend To Extend
11 Nov 2010, 08:20
By Francis Bray
A DOW JONES NEWSWIRES COLUMN
Intraday EUR/USD: Stages a corrective recovery off Wednesday's 1.3670 low to tackle near-term pivotal resistance at 1.3825. This 1.3825 area is crucial, and a sustained break above this is required to create room for 1.3920 and the 1.3974 lower high. Failure to break above 1.3825 would prompt a return to the 1.3670 low, and send a bear extension towards the downwave equality target at 1.3515.
Weekly chart EUR/USD trend: Bearish.
;-)
jo jo ... viel Vergnügen noch ...
Ach so ... btw ... 1.3825 is not a near term pivotal resistance ... that is BS ... 1.3825 represents ex-high - nothing else (!) ... das macht aber fast gar nichts ... does not matter ... as good old Francis mostly writes quite good and accurate TAs ...
It is more than a useful "setup gauge" for all those traders who are able to ride on pivotal calculations and take a decision at certain levels ...
hmm ... palim palim
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2010-11-11_08h20_European Forex Technicals - EURGBP Bear Trend To Extend.pdf
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts