EURUSD

Good morning everyone and good night to you, Sir!

EURUSD is not really exciting at the moment... I don't have a clue what will happen next... I'm short on GBPUSD instead @ 1,5190 SL @ 1,5195 TP is far away... I think I'll do the same, just leave it here and see what it did later...

That is nearly a 100 pips drop from the present price and if it reaches there the trend would have changed to bearish.

had a good nap. damn! didn't hit my entry i may have to lower standards. it may have to poke a wick past tl to hit entry. crunch time. its close..

closed longs and waiting if it breaks or get rejected at tl... could go down considering the us index...
watch and wait for me...

http://www.youtube.com/watch?v=SEVU-YLpM8A

Don't look like it is in a hurry to go down.

Only 70 pips to be more exact.

I think it is highly possible to get down there today... and if so the short term trend would not change to bearish... chart attached.

Cheers!

PS: I'm out of trade on EU right now...

Nope...it is more than 100 pips from the highest @ 1.2687

You wrote "from present price"...

No more unnecessary posts today, sorry forum!

Dude take it easy, man!

so far usd/chf has missed my lower target of 1.0477. gold is not 1117.xx.
eu not 2711.2. on the other hand gu did touch 5239 and is probably on its way down for a while (when we start the move depending on what the rest do). as mentioned all of these and usdx and eurx were at critical areas. all are still on the usd gaining strength side in my book. but near a pivotal point. so r/r is the best its been in a while.

Now waiting br at 2642 may work for 2600 before up .only 35 min close h4 candle , can't go up then go down !!sell off h4 tf there.
fontu

Hey AK, sorry I don't post much so PM isn't an option for me right now. Enjoy reading your posts.

Hana is beautiful. I'm on the west side, so I don't get over there often enough. If you are out this way again, check out Kauai. The whole island is like Hana.

uk just had good news and its barely climbing. signs of the future.

fontu Why do you say it cannot go up after close H4? thanks

yes some up at least , watching how far is too far , 2692 to 2728 ? or just 2674 oK for now .20 min still left for H4 candle close for sell signal in H4 tf .
fontu

Not say like this , it can any pips thereafter too but it will constitute a sell signal low risk type h4 tf level pa as per tdsc.
fontu

Nah... EURUSD up, EURJPY down, USDCHF down, GBPUSD struggling ... that is why my SL placed at BE...

it's getting more interesting....up...or down...?

...And it probably won't smell pretty.
My Oanda account has been holding the G/U spread at 8 pips for half an hr???? No escapies allowed..lol

2010-07-08 - 23h15 _ EUR-USD


Rejection from central pivotal zone 1.2619 was pretty sharp. First thrust to the upside hit 1.2663 within 15 minutes only. Pullback from there was limited to 1.2636 area. And again it shot up from there - and even crossed a bit first daily resistance zone - which is sitting around 1.2683.

According to 001 min. NetDania ChartStation charts highest volume has been reached when it started to move up from 1.2619 (at 01h55 CET).

Within a few minutes only - our first intraday target 1.2683 - 1.2690 has been hit. This was valid - as long as 1.2619 will offer firm support. After all that - a secondary pullback towards 1.2619 is still possible.

The 24-hours retracement zone is to be found in 1.2633 - 1.2596 zone.

Elliott still points up - from 1.2480 towards 1.2692 and 1.2725 on a daily basis. But there are some initial signs - that the trend might run out of steam soon. After all this rise potential might weaken - for a reversal later - as long as 1.2715 - 1.2729 / 1.2737 (daily and weekly resistance zones) limits may prevent from further cross beyond.

Last significant resistance is to be seen in 1.2785 limit. If crossed beyond that point - then forget the downside...

If 1.2690 - 1.2715 might be capped today - then we could see a deeper retracement towards 1.2596 - 1.2572 later then. Any break of below 1.2543 and 1.2503 would open a downward path.


das war's erst mal


Post Scriptum :

As the market had seen a minor dip towards the "daily central pivot point" which is sitting at 1.2619 (according to our calculation + major 5 interbank connections systems as well, the market has hit that point and reversed there sharply) we should be aware that there is still buying interest behind the corner until we did not have seen that a cross beyond 1.27xx area has been taken out and confirmed failure at mentioned limits...


Christian Tegllund Blaabjerg suggested at 08h51 CET as follows :


EURUSD (neutral/positive bias) Res at 1.2670/ 80 holding for now. Buy dips down towards 1.2630 for a push towards target 1.2730/ 1.2750 area. Stops below 1.26 zone.

And we might have seen this second dip (the one during Asian session at 01h55 CET + this one at the beginng of European session at 09h17 CET) for one more attempt to the upside. Ok ? ! !


faites vos jeux - palim palim