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EURUSD

  • #22,741
  • Aug 22, 2008 6:49am Aug 22, 2008 6:49am
Would this retrace before the news??????
  • #22,742
  • Aug 22, 2008 6:51am Aug 22, 2008 6:51am
$$ is just waxing stronger
  • #22,743
  • Aug 22, 2008 6:51am Aug 22, 2008 6:51am
$$ is just waxing stronger; currently at its lowest low
  • #22,744
  • Aug 22, 2008 6:55am Aug 22, 2008 6:55am
Anybody stopped out yet?
  • #22,745
  • Aug 22, 2008 7:01am Aug 22, 2008 7:01am
Price going towards S1
  • #22,746
  • Aug 22, 2008 7:02am Aug 22, 2008 7:02am
799

EDIT: Well, I guess the market doesn't respect EW much after all..
On the path to Enrichment.
  • #22,747
  • Aug 22, 2008 7:05am Aug 22, 2008 7:05am
Quoting Warren Forex
Be Aware that there could be an IMPORTANT ANNOUNCEMENT from Treasury on Fannie Mae and Freddie Mack BEFORE Bernake speaks so He is Free To Comment on it. It would be very strange to talk about Financial Stability without addressing the most SERIOUS of all problems the FED faces and that is the GSE's PERIOD !!!

EUR/USD Currency Update:


08:46 EUR/USD: Weak Data Overlooked - Cable Sales Depress Price London, August 22. The Euro Zone trade deficit may have widened but EUR/USD initially failed to react to the data. As a result, the latest weakness will still be blamed on the Cable slump with the GBP/USD move back into the 1.85"s forcing trading to drop below 1.4840. Support is seen trailing back to the 1.4800 option expiry level but with the downside opened up further stabs lower cannot be ruled out. [email protected]

Technical Analysis !

Forex Technical Analysis http://www.actionforex.com/images/M_...rintButton.png http://www.actionforex.com/images/M_...mailButton.png Daily Forex Technicals | Written by DeltaStock Inc. | Aug 22 08 08:26 GMT | Forex Technical Analysis

EUR/USD

Current level-1.4876
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227.
Still in the broad consolidation since 1.4629 and current target remains 1.4951, but with yesterday's minor top at 1.4906, intraday expect a break below 1.4861 to target 1.4810-16, before the final swing unwinds upwards to 1.4942.
Today's strategy: Stand aside.

ResistanceSupportintradayintraweekintradayintraweek1.49061.49501.46211.46211.49501.55071.45631.4438

http://www.actionforex.com/images/st...2008082211.gif





Bruce

Quite a change since 5:00 AM Indeed ! Were the charts talking or was it events ?
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  • #22,748
  • Aug 22, 2008 7:07am Aug 22, 2008 7:07am
Quoting Jurrasic
799

791
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  • #22,749
  • Aug 22, 2008 7:08am Aug 22, 2008 7:08am
Price was always moving to S2
  • #22,750
  • Edited 7:14am Aug 22, 2008 7:09am | Edited 7:14am
The market continues the decline from 1.4910 (Thursday"s high), we have good long at 1.4835 as a result. 1.4745 (Thursday"s pull low) should underpin the market, keeps the overall focus on the upside. Daily momentum is positive, highlighting the near-term scope for 1.4910 eventual retest. Above 1.4910 will accelerate gains to 1.5000 (August 8 low) beckons. (MM/AS) 11:58 GMT

Bernake Speaks Caution Urged !

Nothing Is Forever ...


Strategy: [email protected]

Stunning recovery today as yesterday"s plunge from 109.90 is almost fully retraced already. Hourlies are overbought, while dailies are basing out midrange, having corrected recent overbought readings with this week"s pullback. 110.30 and 110.65, the trend high, are the next two hurdles. Prefer buying into an hourly pullback. (RD) 11:50 GMT


Bruce
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  • #22,751
  • Aug 22, 2008 7:11am Aug 22, 2008 7:11am
all majors sitting on fibo right now
but i dont know how long will they last
oil is scr**n long setup.

kiwi and cable bounce nicely from trendlines but euro stall

anyway im still buying
this is not time to change my loosing position into short not now yet.
  • #22,752
  • Aug 22, 2008 7:12am Aug 22, 2008 7:12am
wondering will the 4790 holds.. below 4740 Im back to bear
Money often costs too much...
  • #22,753
  • Aug 22, 2008 7:14am Aug 22, 2008 7:14am
Quoting indotrader
wondering will the 4790 holds.. below 4740 Im back to bear
might be too late
  • #22,754
  • Aug 22, 2008 7:15am Aug 22, 2008 7:15am
I want to F@#$%@$ KILL my broker. Forex.com has been hving prpblems all morning.

CRAP
  • #22,755
  • Aug 22, 2008 7:17am Aug 22, 2008 7:17am
M15 need to close above 1.4814 for up confirmation and M30, H1 need to close above 1.4820 for stronger confirmation.

Last time I don't wait for that and I paid SL.

Patience...
  • #22,756
  • Aug 22, 2008 7:17am Aug 22, 2008 7:17am
Quoting femzy112
might be too late
I'll go short on 4740 , TP 44 area
Money often costs too much...
  • #22,757
  • Aug 22, 2008 7:20am Aug 22, 2008 7:20am
Quoting 5ysfx
all majors sitting on fibo right now
but i dont know how long will they last
oil is scr**n long setup.

kiwi and cable bounce nicely from trendlines but euro stall

anyway im still buying
this is not time to change my loosing position into short not now yet.
Buying here too
  • #22,758
  • Aug 22, 2008 7:23am Aug 22, 2008 7:23am
Quoting emda
currencies moving faster than gold now.. so I guess it is only stop hunting...
not a back of the $$
  • #22,759
  • Aug 22, 2008 7:25am Aug 22, 2008 7:25am
Quoting acumen
  • #22,760
  • Aug 22, 2008 7:26am Aug 22, 2008 7:26am
good, next alternative for sells will be below 1.4760 with the targets 1.4700/20, 1.4660/80.
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