Daily E/U Pre London TA

My chart is starting to show a shade of blue (neutral) with a slight bias to the downside.... looks like euro bulls are hanging on by the skin of the teeth.It needs to breach the 12820 lvl to maintain the bullish edge. The price dynamics is also showing asset is on the cusp of some significant move. Until then, price will be chopping in a tight range btw 12680-12810.....

I recommend no trade until we have a clearer signal as to where it is really
heading.

Will post again if any thing significant develop... GL n take care.

Well the bears is in control now after 12685 lvl was being taken out and the bulls will only have another shot if and when 12850 lvl is regained...Sofar there is no sign of price stalling/bottoming yet. Will post again if spotted then we can buy the retrace up or get out of the current short trade. I personally feel that euro is in for some real ugly number... Take care n GL.

Hi,

Price still trapped in narrow range prior ECB rate announcement. Stalling signal will be triggered if 12640 lvl is breached, will post again if it does...

GL n TC

Stalling signal just spotted... Wait for fib pullback to enter long trade with ISL@12530 n ITP@12690- 12750. GL and Trade well.....

The retracement yesterday when price stalled was short and a few pips short of our ITP@12690. As mentioned in my earlier post that Euro mabbe in for some ugly numbers is playing out and the question now is how ugly? My calculated guess is 12422/12365 is next lvl before testing new low at 12100lvl. The best strategy now is to sell any fibo bounces until the next stalling signal is generated for us to gear up for another sell off in the 12600/12620 areas. Price need to breach 12700 lvl to put a stop to this continuing decline to have another shot at price reversal which currently is at the 12975 level........will post again if there is any further significant development. GL n TC

Above signal just spotted....enter a buy trade on fibo pullback with ISL@12430 and TP@12580-12630. (remember that this is likely a retracement/correction within a bigger trend) GL and trade well......

I sometimes wonder whether there is anyone out there who is taking advantage of my daily T/A to trade ever since I first started to post them in this blog???

Anyway as expected, price has played out exactly as per my post yesterday. BUT the real gist is that price have breached the 12650 lvl which effectively telling us that the bulls is going to have one more shot at the trend reversal which currently stands at 12960. However this move upward will be after price retrace to 12520-12590 lvl (Note: below SL@12500 will invalidate it).

For today, price will be chopping btw 12520-12650 before ECB rate announcement.

GL n trade well........

Well. Monsieur Trichet spoiled the Euro bulls chance of having another run at a major retracement again which only means that euro will be heading south soon probably at 12610-30 lvl. Its sell at rally galore.....price rangey until NFP... GL n take care.

Most of us are chart junkies 99vt66.

But after your long call on the eurusd I know I wished I had payed more attention to your posts!

The 4 hour chart sure has a lot of momentum!