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EURUSD

  • #93,441
  • May 7, 2009 4:06am May 7, 2009 4:06am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting FXCapitalist
1.3310xx you guys should have problems.
Agree....3310-3318 should have sellers.
"Wishful thinking dies hard." Igor T.
  • #93,442
  • May 7, 2009 4:06am May 7, 2009 4:06am
Euro/Dollar was moved with out any ups and downs yesterday, moved inconsequentially from the lower most 1.3248 to the top most 1.3370, and closed the day at 1.3332. In spite of the recurring of the jeopardy craving to the market as we see that the Euro is at present moving within a narrow range. Upward move to resistance level 1.3430 is probable if the European currency breaks yesterday's top. Immediate support is the downward trend line that is passing at 1.3245. As long as this level gives a

Technical Levels

Technical resistance levels: 1.3430 1.3545 1.3650
Technical support levels: 1.3245 1.3150 1.3030

Trading range: 1.3270 - 1.3335
Trend: Upward
Buy at 1.3284 SL 1.3254 TP 1.3324
  • #93,443
  • May 7, 2009 4:07am May 7, 2009 4:07am
1.3315xx We'll see if they lift offers there.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,444
  • May 7, 2009 4:07am May 7, 2009 4:07am
Quoting FXCapitalist
1.3310xx you guys should have problems.
I am not shorting at all now


in fact i am still long waiting to close it there


3316 was a magic number yesterday to me, didn't make money but didn't lose

I see it might head there again :S
I SEE YOU !!
  • #93,445
  • May 7, 2009 4:07am May 7, 2009 4:07am
Quoting FXCapitalist
you should, I just trade based off of open and close prices.
I'm thinking more in terms of peak and valley analysis based on the close. Most other analysis/methods are just telling the same story in a different way.


If the price breaches 1.3315 then this indicates (but does not confirm) a short term trend reversal. Until that occurs short is the way.
  • #93,446
  • May 7, 2009 4:08am May 7, 2009 4:08am
Quoting FxChi
Agree....3310-3318 should have sellers.
thats what I hear. but then again who do I know. lol. brb gonna make another call.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,447
  • May 7, 2009 4:08am May 7, 2009 4:08am
Quoting plan-b
I don't know his reasons but my guess would be break of support line and hoping it will turn resistance at 1.3290 area
i have a short at 1.3340 trailing stop locking in profit at 1.3293
will let it play out and look for fresh areas after the news events
stopped in profit
i like round numbers and couldn't resist 1.33
took a small short although we seem to be in a correction
Some drink at the fountain of knowledge. Others just gargle !
  • #93,448
  • May 7, 2009 4:09am May 7, 2009 4:09am
hmm maybe they lift the offer, but later.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,449
  • May 7, 2009 4:09am May 7, 2009 4:09am
PA should correct IMO

entire planet knows the 3315 now
I SEE YOU !!
  • #93,450
  • May 7, 2009 4:09am May 7, 2009 4:09am
Biggest range bar off a bottom for some time in 1 hr. Does that tell you anything.
  • #93,451
  • May 7, 2009 4:11am May 7, 2009 4:11am
Quoting notch
I'm thinking more in terms of peak and valley analysis based on the close. Most other analysis/methods are just telling the same story in a different way.


If the price breaches 1.3315 then this indicates (but does not confirm) a short term trend reversal. Until that occurs short is the way.
We'll see.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,452
  • May 7, 2009 4:11am May 7, 2009 4:11am
Quoting Atlast
Biggest range bar off a bottom for some time in 1 hr. Does that tell you anything.
correction might be to the north
I SEE YOU !!
  • #93,453
  • May 7, 2009 4:11am May 7, 2009 4:11am
Quoting Atlast
Biggest range bar off a bottom for some time in 1 hr. Does that tell you anything.
nope.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,454
  • May 7, 2009 4:13am May 7, 2009 4:13am
Heavy sellers before the offer. You'll have problems even if it breaks up to 1.3322xx who knows who's up there. Maybe some big banks are pushing to drop it in an hour and a half.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,455
  • May 7, 2009 4:14am May 7, 2009 4:14am
Hane any chances for EUR/USD down ??? im in loss heree
  • #93,456
  • May 7, 2009 4:15am May 7, 2009 4:15am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Atlast
Biggest range bar off a bottom for some time in 1 hr. Does that tell you anything.
To me it does, but it's b4 news so that's scary. Factored in with the high vol daily doji, sitting on the 382 major support from 2456-3735, backside of daily TL, means good sign of strength for bulls....BUT there's too much news coming out that could change things so I'm being cautious about where I'm entering.
"Wishful thinking dies hard." Igor T.
  • #93,457
  • May 7, 2009 4:15am May 7, 2009 4:15am
watch the pivot get broken. 1.3319 my close for the trip
  • #93,458
  • May 7, 2009 4:17am May 7, 2009 4:17am
Quoting FXCapitalist
Heavy sellers before the offer. You'll have problems even if it breaks up to 1.3322xx who knows who's up there. Maybe some big banks are pushing to drop it in an hour and a half.
I know who's up there, scalpers
  • #93,459
  • May 7, 2009 4:17am May 7, 2009 4:17am
Quoting Richalok
Hane any chances for EUR/USD down ??? im in loss heree
how many pips loss
I SEE YOU !!
  • #93,460
  • May 7, 2009 4:18am May 7, 2009 4:18am
Quoting Atlast
I know who's up there, scalpers
scalpers are everywhere.
"Diversification is an excuse for a lack of talent" ~FXC
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