EURUSD

Not all were bearish.

Yea , but have a look at the 4H

new short term pivots only good till new high or low is made 4012 3969 3942 3922 3901 3874 3831.. numbers are live numbers... add in your own dailys..

longer term 4099 3999 37/38 3887/88 37 3775 3675
yes i post 2 sets of pp... there is even a another set...no need to post them just yet..3675 is the first on it...but not all my numbers are fibs...we are below the 50% number on this longer set and with past moves below last move im still bearish...system proven a good indicator when in a zone.. still not proven live on what zone is next..but 1.2 and change seems more likely then 1.6 to me.. but dont trade what a nut on the net says unless your analysis agrees. these are posted for longer term so dont risk your account on what posted here.. i always get in on pullbacks..not a moving target at the extreme low or high. this target is moving, enter on pullbacks posted early.. use numbers as sl plus a few..like said dont trade unless your analysis agrees.. nice pullback as i post this.. i said swift moves... we are near what i call a zone pivot (50%) thats makes me neutral in the zone. but im bearish and have a bias for other reasons.. but i cant show why in these numbers.. cover your ass..

good pippin..


repost above

id only short on a pullback with your sl higher then these numbers or your daily numbers.. this give you better profit potential and lowers you loss potential..

re-repost
woke up with sl hit... for 1%green.. gu still running in the green..
above numbers still valid..above 3099 bear move may be over. but where are between 68% and 100% of move with a bullish direction.. so without a double top we go to last zone. its not about the euro. its about commodities weakening dollar..this may not last.. iran oil threat plus nigeria pushed a small spike even further.. tight sl either direction...may be best to sit on the side if your not in.. i took a short.. on eu and a long on uc, just a small one.. remember the louder the scream the more they dream

for shorter term numbers use above and add a few pips.. longer ones still valid..

ok 99%

what about the possibility of slightly cheaper dollars to buy these treasuries?

Is the conversion rate at subscription for bonds set at time of treasury bid? might explain the temporary weakness. if dollar strengthens after the fact it's like bonus bucks for treasury buyers.

Hit my sell limie @ 1.42 again

For the next four hours:

PH: 1.4047
PL: 1.3975

At the moment (and this could change) indications are that the next period 18-22 hrs BST are going to have a lower high at 1.4041 and a higher low at 1.3996.

When price finally breaks out of the strong uptrend track, I expect a retest of recent track. This could take a long time however.

hehe no worries. thought maybe you were seeing if people were paying attention

might very well be like that , but i see the upmove has begun since the European open and also the German numbers were positive, so...

Does an add on exist to allow me to get 3min data in metatrader? I simply can't face learning another platform such as Ninja.

EUR/USD Key Levels 23 June 2009

By VeriteFX on June 23, 2009 9:02 AM | No Comments

Well I woke up this morning to see the EUR/USD has worked it's way back to the resistance zone around the 1.4020 level which was a little surprising as equities and commodities still remain on a weaker footing. But the answer for why the euro made such a strong move against the dollar became clear after about 30-seconds of research... the ECB has spent the 6-hours talking the euro back up. Everybody from Trichet to Noyer to Quaden to Ordonez.

ECB Trichet got the euro party started at 0215 EST with these comments on interest rates:

"Rates are appropriate"

And then Trichet made hawkish comments on monetary policy:

"At the end of the year decline in activity will slow; Have to be prudent; Fiscal credibility needed for confidence"

Within seconds of Trichet's comments hitting the news wires I see the euro pushed the euro up from the 1.3840 level to over the 1.3900 level. And then over the past few hours Trichet's comrades all added comments saying that interest rates are not going lower, Eurozone economic growth was just around the corner, and that there is no deflation in the Eurozone and that inflation should begin growing again.

This was a very concerted effort on part of the ECB to talk the euro back up against the dollar. Why? I have no idea why but it's obvious what they have been doing this morning and as I always say, there's no point for traders to fight against the ECB or Fed when they talk up or talk down their respective currencies because the central banks always get what they want and they big money movers take their cue from these guys.

This morning's price action on the EUR/USD is a perfect example for what kind of power central bank rhetoric holds and how the central bankers can move markets despite what any charts or tech indicators are saying or even how the correlated markets are behaving. When the ECB or Fed says "buy the euro" or "sell the dollar" that's exactly what the market does.

Of course this could all change once Wall St. gets rolling at the bottom of the hour here as we still have a number of key fundamental events and a big Treasury auction at 1300 EST. I expect the volatility and price swings to continue.

EUR/USD key levels--

Upside: 1.4058 / 1.4074 / 1.4097 / 1.4112 / 1.4154
Downside: 1.4001 / 1.3984 / 1.3965 / 1.3932 / 1.3911

-David

LOL...well if peeps don't pay attention they'll miss out on some pretty good weekly directional calls (which are becoming a habit if I say so myself).

There's no double top on the hourly.

Gator, are you still scalping with the THV system?

Yes, there's an indicator you add to chart, but I forget the name. You can search it's in the library. If I find it before I will let you know.

depending on how the price react during US,

we can be looking at 1 if up or 2 as a support and then 3 if short

what do you think?

notch,

search for the period converter script, place it on active M1, multiplier by 3, and open offline M3 chart with associated pair.

McD

9 hours euro still growing , hmm interesting

Nice! Thanks!