2010-08-11 _ EUR/USD in neutralized bias ... major trend bullish
No reason to argue for that here ... the two major moves has been done ... first move down ... then up again ...
A part of the mild divergences in various TF ... that has been to be observed before ... might be neutralized with that downmove ...
Asian Session might re-test 1.3220 or 1.3246/ 50 area ... while 1.3162 - 1.3146 or 1.3135 may hold at first ...
Elliott points to the downside one more time again ... counts from 1.3334 towards 1.3119 ...
Bullish stance will add some momentum if crossed above 1.3265 and 1.3305 ...
Otherwise - a sudden break of below 1.3114 - 1.3103 (unlikely at first) would give us nice reload op. above NOS major support zone near 1.3059 and 1.3027 ...
Market rythm ... first move up soon ... then down again ...
Why ? ... as long as below 1.3313 - 1.3321 and 1.3399 zone ... there should be still some potential for a corrective downside move towards 1.3119 or even below that limit ...
Cable is one more time again a much more beautiful candidate from technical point of view ....
bibib
No reason to argue for that here ... the two major moves has been done ... first move down ... then up again ...
A part of the mild divergences in various TF ... that has been to be observed before ... might be neutralized with that downmove ...
Asian Session might re-test 1.3220 or 1.3246/ 50 area ... while 1.3162 - 1.3146 or 1.3135 may hold at first ...
Elliott points to the downside one more time again ... counts from 1.3334 towards 1.3119 ...
Bullish stance will add some momentum if crossed above 1.3265 and 1.3305 ...
Otherwise - a sudden break of below 1.3114 - 1.3103 (unlikely at first) would give us nice reload op. above NOS major support zone near 1.3059 and 1.3027 ...
Market rythm ... first move up soon ... then down again ...
Why ? ... as long as below 1.3313 - 1.3321 and 1.3399 zone ... there should be still some potential for a corrective downside move towards 1.3119 or even below that limit ...
Cable is one more time again a much more beautiful candidate from technical point of view ....
bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts