now i think it is eu drags down gu. the entry should be ok.
[EUR/USD] Euro little changed after Euro-Zone PMI data
- Euro Zone PMIs recap- current vs Dec
- Sweden 61.4 vs 63.6
- Switzerland 62.0 vs 66.0
- Italy 53.5 vs 55.0
- France 52.4 vs 54.2
- German 58.5 vs 59.4
- Dealers that all data coming in below Dec levels and below consensus.
- EUR/USD little changed at 1.3016
- Key hourly resistance seen at 1.3070
the news looks not so good for eu but just drag down a little bit for it, that is positive sign for me. and 10:00 us news might have media impact to it.
we got a false v shape, then the 60 mins trend is in up. why i was thinking it should get total reversal yesterday? i suddenly figured out Fed won't do anything special and the strentgh for last few days for gu should be real. my target is 2 in Feb. but in forex, anything can happen.
i think eu should have one more dip to 300, then we will get a reverse. for gu, it is strong.
eu should test 300 level so that i know if the buying is real or not. for last few days, i know some big guys buy hard below 300, but also i know some big guys sold hard to force it below 300. the benchmark 300 should be a evil war.
Good Call, It's showing fairly good resistance around 72-78, so like you say once it's clearly broken into the 80's, we should be on the move again.
Ignored
i don't think it breaks 80s until 10:00 today. if the us number then favors for GU, i expect 2 steps up in my chart that should be 9758-9763 area. however, if the news is bad for it, it should pull back very little and i will get my entry for the pull back.
I'm thinking of waiting for the 38.2 Retrace from the last short run which would be 9666-9668, although i'm guessing it will find solid ground closer towards 9650-9555 at the 50%
I'm thinking of waiting for the 38.2 Retrace from the last short run which would be 9666-9668, although i'm guessing it will find solid ground closer towards 9650-9555 at the 50%
