EURUSD

Which side breakout it can be ? I prefer up as seen most time but pattern reversal.
fontu

Always

Currently above Triangle top and above the daily Downtrendline from historic high (1.4013 today).
Support area at 1.4220/ .4212 (today’s low?/ daily Short Term Moving Average↑), with next levels at 1.4189/ .4172 (daily projection band bottom/ current week low + daily envelope bottom), ahead of 1.4132/ .4118 (daily Medium Term Moving Average↑/ July 23 low).
1.4097/ .4087 = last week low + weekly envelope bottom/ weekly Short Term Moving Average↑, where pause favored.
Resistance at 1.4299/ .4302 (current week high/ daily envelope top), where pause favored.
If wrong, next levels at 1.4324/ .4339 (daily Bollinger top/ June 03 high), ahead of 1.4350 (weekly envelope top): tough on 1st attempts, amid overbought readings.

My chart says Time to drop :-)LOL

I'm short entry 1,4284 - 1 lot

Attached is the 4H chart for EURUSD. This pair now seems to have got very interesting. The bounces have become higher and higher. This is a very important point to note. Previously, when there were llots of ranging, this pair was bouncing between 1.38 and 1.40. Then , after a few weeks, the bounces happened between 1.4 and 1.42. But lately, we can see that this pair has not gone below 1.4160.

All this shows that this pair is having higher bounces and getting ready to break upwards. We can also see that USDCAD and USDCHF are about to break through long pending supports and we can also see that GU also has started approaching the top of its range. Pairs usually move in unison and by the looks of it, all the pairs now seem to be setting up to move through their very strong supports and resistances.

I have been advising to buy dips on this pair and the same advice holds good today as well. If we do see a break of the resistance at around 1.43, wait to confirm the break and go long. Any approach to 1.42 would also be a good opportunity to go long.

The supports for today exist at 1.4221, 1.4160 and then at 1.41. The resistances for today exist at 1.4280, 1.4330 and then at 1.4360. I guess we are setting up for a move to 1.45 and then to 1.46.

Take some Euro...

http://ecx.images-amazon.com/images/...A280_SH20_.jpg

Time to take a huge dump!

Eg, I have my sl well above 1.4300. It's a medium term trade.

Ps. Do you smoke Shisha with Karkadi? What flavor - Apple?

and more one thing to add its a demo account hehehe

Click on this image http://static.forexfactory.com/forex...ons/report.gif on the offending post to notify Twee.

I have 4734 posts so get clicking

U know everything man! R U FBI agent

Thanks 4 the info.
Later will send u something interesting.

So can I. In all seriousness, PM me if I can help.

EUR/USD Mid-Day Outlook


Daily Pivots: (S1) 1.4142; (P) 1.4198; (R1) 1.4260; More
Despite edging higher to 1.4296 earlier today, EUR/USD quickly settles back into familiar range. Consolidation is probably still in progress and intraday outlook remains neutral for the moment. Nevertheless, downside is expected to be contained 1.4055 support and bring rally resumption. We're holding on to the view that consolidation from 1.4337 has completed already and current rise represents resumption of medium term up trend. Above 1.4296 will bring retest of 1.4337 high first and break will target 61.8% projection of 1.2884 to 1.4337 from 1.3747 at 1.4645 next. However, below 1.4055 will mix up the short term outlook and turn focus back to 1.3832 support.

No man, I am just a petty thief, try to steal a few pips everyday ...............and bury them below giant CocaCola sign at Tahrir Chowk.

4270 support
4298 resistance

hi lion.. how do u get those figures? a kind of pivots?

fibonacci

i am still learning to trade eurusd, so cannot share my findings as yet, since they may not work over time.

once i have seen it work for atleast 3 months, then i will share it.

scooby dooby doo levels

Touch 143, now down pls.

Ok folks I am on the short train at 4295. We finally broke this thing and I'm glad its over with.