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EURUSD a huge buy above 1.2736

  • #61
  • Dec 18, 2008 10:48am Dec 18, 2008 10:48am
I see a strong support at .4250, even a small retraction towards the .4037 and them back to .4521.
  • #62
  • Dec 18, 2008 12:26pm Dec 18, 2008 12:26pm
Quoting AngelaTrix
I see a strong support at .4250, even a small retraction towards the .4037 and them back to .4521.
I here ya there, was expecting a little more resistance yesterday.
  • #63
  • Dec 18, 2008 12:39pm Dec 18, 2008 12:39pm
Quoting AngelaTrix
I see a strong support at .4250, even a small retraction towards the .4037 and them back to .4521.
So what do you think is more likely, for it to break .4037 or break .4521?
  • #64
  • Edited 10:34pm Dec 18, 2008 1:02pm | Edited 10:34pm
Quoting Mr. KISS
So what do you think is more likely, for it to break .4037 or break .4521?
I never know, I follow the 5,15,30,1,hr.,4hr.
Today I like 4765 area as a guide and
4570
4250
3710
3300
My bias is formed from the PA around price.
What do I know I didnt anticipate moving above 3300 till next month the new quarter.
Who knows maybe it will continue up lets see where the week closes.
Hopefully will here from drt to here what he's looking at.
  • #65
  • Dec 18, 2008 1:11pm Dec 18, 2008 1:11pm
Well no one ever knows of course. I'm just asking what your bias is. When technicals don't really give a strong indication (primarily price action), then fundamentals come into play, unless you are a trader that just trades on the charts and doesn't pay attention to economic news.

Everyone has a bias even if it is just a subconscious one that favors your own currency.
  • #66
  • Edited 10:48pm Dec 18, 2008 10:26pm | Edited 10:48pm
Quoting Mr. KISS
Well no one ever knows of course. I'm just asking what your bias is. When technicals don't really give a strong indication (primarily price action), then fundamentals come into play, unless you are a trader that just trades on the charts and doesn't pay attention to economic news.

Everyone has a bias even if it is just a subconscious one that favors your own currency.
My bias is the trend is up.
I would think if were to move back down we would 1st test resistance around 4420 or 4500 then to 4110 area.

Just one thing though it just sounds to predictable, remember on our way up I was waiting at 1.3300 for a retest of support that never happened.
  • #67
  • Edited 10:10am Dec 19, 2008 9:56am | Edited 10:10am
At the moment everything is pointing down.
Im lookin at trading above 3955 as first sign of move up and a break above 1400 and Im following, if not Im lookin at 3760 area.
In the mean time Ill wait on drt.
  • #68
  • Last Post: Dec 19, 2008 2:58pm Dec 19, 2008 2:58pm
My trendline says the price is going towards .5016 level.
I’m expecting a retraction around .4037 level.
I won’t take any position until a retraction signal is given.
Lest wait until Monday.
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