EURUSD

EU running on critical zone.
Anything can happen now. This zone will be past after a couple of hours

the time to go short is not until europe opens
P.S. of course if market breaks below 1.2245, then ........

Still aim to 1.2400 or higher until this Friday, no matter what...

Yes - of course - waiting games - as mostly always.

Now out of my long.
waiting for the reverse.

Morning to you & all . should be but may not as 1.2316 not broken yet it can easily creep down to the main trendline to gain further strength & up . or whatsover, i want it down as have sell order to manage to my level first !!!!!
so 1.2224 or less likely . Artistic plan / dream.
fontu

stick to the plan you had yesterday, I think.

Highest been printed now 1.23171 with mine...

I'm selling at 1.2370, Anybody feels the same?

No I dont

Thanks , I do but at every dip for sure but till my sell green or close ,no trades will be opened even no hedging too.
fontu

still got 5L running from 2971... but im out for now (eu day trades ).. curious to see if this is the top or not.. wedges rarely lie and it says a north pop. anyway that wedge in on a 4h chart.. I'm curios to see if 2360 or 2374 stops all upper moves if this wedge breaks up.. both can be true. but the size of wedge suggest 2360 or 2374 will not hold.. then again 2360 is on a yearly tf chart.

oh and don't forget 2343/44

In other words - we have a short term Bollinger Upper Band Breakout in smaller TF's - and first Daily RES is around 1.2331 zone...

On the other hand - RSI (7) did not follow the new High in 15 min grafic - Divergence there...

This is taken from Dow Jones News Services :


EUR/USD - to range-trade. Pair supported by improved investor risk sentiment, higher-than-expected euro-zone April PPI (up 0.9% vs +0.7% forecast). But EUR/USD topside limited by EUR diversification concerns after Iranian news agency reported Iran would convert EUR45 billion from its reserves into USD & gold, sparking fears other sovereigns may trim EUR holdings in their reserves; lingering fears of euro zone's sovereign-debt crisis infecting region's financial sector; contrasting eurozone/U.S. economic picture. Data focus: 0755 GMT German May services PMI, 0800 GMT euro-zone May services PMI, 0900 GMT euro-zone April retail trade. EUR/USD daily chart mixed as MACD bullish, but stochastics staying suppressed at oversold; inside-day-range pattern completed yesterday. Resistance at 1.2275 (yesterday's high); breach would expose upside to 1.2353 (Tuesday's high), then 1.2452 (Friday's high), 1.2559 (May 24 high) and 1.2672 (May 21 high). Support at 1.2172 (yesterday's low); breach would expose downside to 1.2109 (Tuesday's 4-year low), then psychological 1.2000, 1.1823 (Feb. 27, 2006 reaction low) and 1.1775 (Dec. 30, 2005 reaction low).




cu later

Europe open, time to sell for me. target 1.2249

Why would europe open sell?

What is your entry?

1.2322

Shorts added and still holding few shorts more...and btw...UJ is bullish and its targeting 93 levels

must take a break here and get some tea.