EURUSD

What a shame for Netherlands they gave it their best shot, well done Spain

I wonder how much the Octopus is worth now?

http://cdn.forexfactory.com/images/attach/gif.gif

2010-07-12 _ zigzagtracktracer (00h32 CET) EUR-USD 030min _ 000.GIF (19.6 KB)

Tägliche Markteinschätzung - Montag 12 Juli 2010

Erstellt am 9 Jul 2010, 23:21

EUR-USD

Es besteht Potenzial für eine Baisse auf den Bereich um 1.2592. Dieses ist gültig, solange der Widerstandsbereich 1.2657 - 1.2679 hält. Nach dieser Baisse wird mit einer Erholung bis auf 1.2679 oder 1.2705 zu rechnen sein.


Mehr evtl. später...

1.26475 Highest until now...
1.26190 Lowest until now...

;-)

nanri manoj! I will try this...

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-07-12_ASIA DAILY FOREX OUTLOOK - Majors.pdf (11.0 KB)





EUR/USD - to consolidate with risks skewed lower, weighed by improved USD sentiment. But EUR/USD downside limited by stronger investor risk appetite; easing concerns over Europe's sovereign debt crisis, helped by Greek lawmakers' approval of sweeping changes to nation's pension system & labor laws as its government tries to cut its massive debt, while concerns over euro-zone banking system eased after last week's release of details of stress tests on European banks, Spanish government approval Friday of overhaul of savings-bank regulations to open door to private ownership of its cajas. EUR/USD daily chart mixed as MACD bullish, but stochastics turning bearish at overbought; bearish key-reversal-day pattern completed Friday. Support at 1.2605 (Friday's low); breach would expose downside to 1.2552 (Wednesday's low), then 1.2478 (July 2 & Tuesday's lows), 1.2397 (previous cap set June 28) and 1.2192 (July 1 low). Resistance at 1.2683 (hourly chart), then at 1.2722 (Friday's high); breach would reinstate near-term positive bias, exposing upside to 1.2943 (100-day moving average), then psychological 1.3000 and 1.3093 (May 10 high).



und tschüss - bis später am Morgen

;-)

Its too bad Paul the Octopus doesn't trade Forex.

i need short!!!!!!!!!

Looks like short it is, to test 1.26 at least - maybe more with Friday's low of 1.2608 right there.

fail to break 2610 since friday.... hmmmmm
bulls?

http://chart.ly/ygkrve

Going long in 4-8hrs I reckon...

For me Daily looks bull, just waiting for strength in 1H chart...

bears are not in the woods yet. but we have to have a plan. here is what pa tells me. we still, are having problems with the old bull levels.. but we did breach the yellow with a wick. 22425 would be on the next chart. i have many already built. and i am watching reactions toward them. that gap between 4 and 5 seems big.. i may have to add a level r 2 between. but im lazy. i may have missed one.

edit #4 is labeled wrong on this chart. it should be 25552

i closed my short!!!!

i am still holding my long.
price at .2718. gosh..

We just had a wonderful 4 hr Inside bar entry. We going down people. My estimate eventually 2400 area. We even got a MACD cross as added conf. We dont get many opportunities like this.

Jim

nope.. the numbers say be prepared for big movements. hopefully i can kill the bull charts depending on 2565 and 2551

Just to show how the price respects the 89 SMA on the 1 hr chart. The best MA I have ever used and it is sitting at 1.2544 on the 4 hr chart so a retracement there could be expected.

Jim

And there is the classic Inside Bar release.

This is a double inside bar and I did not see that, however, I can not accept the one created by that slow garbage on Friday. That dont count in my book.

Jim

Hey guys I'm back, how's everyone? Oh I'm around all the time, I'm just not posting due to being a slacker . The way I see this, the next strong support should be at around 1.25(MA). However it's not certain to hold for long, as the S&P500 seems to be at resistance(MA), and so is the Dow(61.8 fibo). With earnings ahead the equities should be unstable, volatile. It can easily lead to risk aversion. I think all of the above could lead to range trading for a while, in wide ranges and consolidation. Good opportunities for scalpers to go long near or slightly below 1.25 in the EU. So far, everything as planned Wish you all very good luck and profits, as usual.

math agrees (25525) and a perfect place for some slip.. the bad part is 2551 is a bull #. so a fight should take place there. i may close and re-enter on bounce. 2565 is another possible. but hopefully not. if 51 is ignored its a good day for bears. and 89sma will just be a bump.