New opportunities on EUR/USD market

British pound came in long positions area too, largest volumes of last week which traded in flat and as a result made large volume in tight price range, are indicated below. Fisrt target 1,651-1,653 is max volume of Thursday. If market will break through it, these levels will be support for gaining trend, possible long positions.

http://savepic.ru/783579m.png

Last week:

http://savepic.ru/773339m.png

Thursday:

http://savepic.ru/770267m.png

I wait for 1,4!
who with me?=)

Euro
After strong decline a correction is expexted to levels 4133-4166 (+/-)

Dont expect good gaining move, as large volume of last week is still pushing market down. Its better now to look for highest points and short from them. GDP news are better than expexted but its not a signal to open long.

http://savepic.ru/726074m.png

http://savepic.ru/780349m.png

Yen is in declining tendency, and today we will know how long would it be.
Important level 1.05
It is a resistance level, if it would be broken, declining trend would be continued to 1.0382 or even lower. If dollar will strength, possible 1.0606
Also base levels for today are 1.0537 -1.0528

http://savepic.ru/747581m.png

http://savepic.ru/748605m.png

British pound
Today GBP will be traded between 1.64 and 1.6566
That`s all folks=)
If market will go higher 1.6566, then possibly we will see today 1.66

http://savepic.ru/741437m.png

http://savepic.ru/742461m.png

Attention to YEN!!USA session opened and market tests 1,05!!If they will break it declining trend will continue..

YEN

http://savepic.ru/723004m.png

EUro
4170(utures price) is important- if they go lower short 30p profit

Pound
After breaking of resistance 1.6566 level will be long position...but only after market will touch 1.66, only then we look for long postions..


http://savepic.ru/748638m.png

Euro
levels 1.4178 and 1.416 will be base for today
after breaking 1.4178 long positions are in priority

http://savepic.ru/745553m.png

Pound
Pound gains today

level 6566 is broken
I will look for long positions closely to that level
1.657 и 1.6566

Short the euro

I bet pound won`t break 1,6733

have fun!!!

Hi Alex, thank you for this wonderful thread.
Why do you say short Euro? And till what price do you expect it to go down?

stop 4240 and wait, its not a system trading, I just became bored to sit and wait=)

the euro seems to still have some steam. It only stopped but it's not going down

you see now it has crossed 4240 and still going high

forex is damn too dangerous for guess work. I didn't see your thread earlier. I gat wacked in the storm. Breaking all my resistance line. What is really happening today? Is it the current low US dollar index?

Does anyone trade on GDP/Fed/Payrolls news?Huh?=)

Yen analysis

Last week was rather quiet, most likely because of GDP reporting expectations. The basic range 1.6502-1.6485 has all largest volumes of a week, it would be a priority level. On picture 1 maximal volumes of each day are specified. Friday has tested the price 1.6733- it is the highest point of the current futures contract. At the beggining of this week I expect declining movement approximately to the maximum volume of last week, possibly even to 1.642.
Further we will see by situation...if the market declines again, then more likely we will see 1.6275. If the market keeps gaining tendency - we wait for attack 1.6733.

http://savepic.ru/779179m.png

http://savepic.ru/780203m.png