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current price
1.3579
current price
1.3579
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedClosed my long at 1.60 even...
Now short @ 1.6030... TP is gonna ride
Be aware that many high flyers think that the Euro is overvalued...Trichet included...Ignored
DislikedHi jay,
I am now gradually building longs. At what level do you think bulls should feel fear of losing their gains? Will appreciate your thoughts.Ignored
DislikedI'm not sure if I understand the question there Chicky. Do you mean at at point bulls should fear in this trend specifically? Or do you mean at what point a trader has to be careful in general?
Just in case, I'll try to answer both. The current weekly still got legs and so does the monthly. I just got up with a flu so admittedly, I'm too slack to put up a chart now but check out the weekly and monthly. Weekly isn't overbought...yet and monthly has a long way to go.
In general, you shouldn't feel fear of losing gains. That's easier said than...Ignored
DislikedI'd say 1.40 is going to be a tough number to reach. With momentum slowing, a previous swing pivot high, congestion zone support that turned to resistance and 61.8% fib retracement. If it does reach 1.40xx then I expect move to keep going, but that will have to determined if/when it happens.Ignored
DislikedI'd say 1.40 is going to be a tough number to reach. With momentum slowing, a previous swing pivot high, congestion zone support that turned to resistance and 61.8% fib retracement. If it does reach 1.40xx then I expect move to keep going, but that will have to determined if/when it happens.Ignored
DislikedI agree.
I would think that the top would be somewhere between 1.3920 and 1.3950, see the trend line on the attached chart.
But in my opinion that can take a few days since at this moment the daily RSI is still unsustainable high (71.5).
So I think it will retrace at least till fib 23.6 @ 1.3430
Then we might see 1.3925.
After that one more time back to 1.2500 and then up to 1.6000 and 2.0000
That's a lot of pips for the next few months or so.Ignored
DislikedAlso take a look at a fib retracement drawn from Dec 17th close 1.4420 (day before spike high) and March 4th low of 1.2456, 61.8% ret = 1.3664 or 6 pips away from last Thursday's closing high of the move, so far.Ignored
DislikedHi and Greetings all..
Price current status: Raging bull with mom still building
Next Res: 13950 then 14120
Topping/Stalling level: 13300
Reversal Level: 12850
Valid for next 48 hrs
For all bears, be very careful when picking off top becos Prof. Ben is speaking
today which either spike the price or cause it to retrace to 13530 level for accumulations/scaling in before taking off again next week.
Hope to help and GL......Ignored
DislikedIMO trendlines drawn off a spike bar like Dec 18th are less reliable using the high of the bar as an anchor point. I have learned to use the highest closing price in the move which is the day before.Ignored
DislikedAlso take a look at a fib retracement drawn from Dec 17th close 1.4420 (day before spike high) and March 4th low of 1.2456, 61.8% ret = 1.3664 or 6 pips away from last Thursday's closing high of the move, so far.Ignored
DislikedI agree.
I would think that the top would be somewhere between 1.3920 and 1.3950, see the trend line on the attached chart.
But in my opinion that can take a few days since at this moment the daily RSI is still unsustainable high (71.5).
So I think it will retrace at least till fib 23.6 @ 1.3430
Then we might see 1.3925.
After that one more time back to 1.2500 and then up to 1.6000 and 2.0000
That's a lot of pips for the next few months or so.Ignored