EURUSD

thank you

i am too lazy to go back. but i have 20 targets posted somewhere back there. the more the slip or the less the bounce the stronger the move.

(only the big ones) 2599-2605 and 2534-23.

the first is too close for a daily ATR low and the second is just a liiiiiiiiitle too greedy LOL
why do we always have decisions to make in this business LOL


Green pips, Big G

never mind LOL

i'll find them!

yup... ditto

same as my daily S1 and S2.

i am amazed.. i got 2624 from a tl.. and the other from this chart.

Interesting. I'll be locking some at 2605 in anticipation of a bounce...provided that I see the PA I expect to see....

it s buying time

not a damn thing wrong with taking profit. i doubt that tl on above post holds.. im gonna take some myself..

Those numbers are very similar to my daily Fib pivots (close @ 0:00 GMT): 12626 = S2, 12595 = S3.

I'm lookin at 2615 and 2596...

......and I'm showin the weekly S1 @ 2608

i closed my day trade at 2625... illl short at bounce again

at dpp 2677... system says 26666... oh shit the devil #

ASIA DAILY FOREX OUTLOOK - Majors

SINGAPORE (Dow Jones)

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

2010-08-24_ASIA DAILY FOREX OUTLOOK - Majors (01h25 CET) 001.pdf (14.3 KB)


EUR/USD - to trade with bearish bias. Pair undermined by lower investor risk tolerance, bigger-than-expected drop in euro-zone flash composite PMI to 56.1 in August from 56.7 in July (vs 56.4 forecast), lingering effect of dovish comments from normally hawkish Bundesbank President Weber Friday, Moody's warning poor growth throughout euro zone may force credit-rating agencies to downgrade some member countries if their economies begin to suffer due to tight austerity budgets. But EUR sentiment soothed by stronger-than-expected rise in euro-zone consumer confidence to -11.7 in August from -14.0 in July (vs -13 forecast). Data focus: 0600 GMT German 2Q GDP, 0900 GMT euro-zone June new industrial orders. EUR/USD daily chart negative-biased as MACD & stochastics bearish, although latter at oversold, suggesting sideways or lower EUR/USD trading near-term. Support at 1.2644 (yesterday's low); breach would expose downside to 1.2604 (50% Fibonacci correction of advance from June 7 low of 1.1875 to Aug. 6 high of 1.3333), then 1.2520 (July 13 reaction low) and 1.2478 (July 6 low). Resistance at 1.2731 (yesterday's high); breach would expose upside to 1.2832 (Friday's high), then 1.2902 (Thursday's high), 1.2923-1.2932 band (Wednesday's high-Aug. 12 high) and psychological 1.3000.



USD/JPY - to consolidate with bearish bias. USD/JPY softer as Tokyo displaying more relaxed attitude over current yen strength; PM Kan & BOJ Gov. Shirakawa yesterday merely spoke over the phone instead of meeting as widely expected & didn't discuss FX intervention. USD/JPY also weighed by Japan exporter sales, lower U.S. Treasury yields, ultra-loose U.S. monetary policy; unwinding of JPY-funded carry trades amid weaker investor risk tolerance (VIX fear gauge rose 0.67% to 25.66), Wall Street's losses yesterday (DJIA off 0.38%, Nasdaq off 0.92%) as concerns persist over high unemployment, sluggish consumer spending and deflation. But USD/JPY losses tempered by USD demand for import settlements. Data focus: 1230 GMT Fed's Evans speech, 1400 GMT U.S. July existing home sales, August Richmond Fed business activity survey. USD/JPY daily chart mixed as MACD in bullish mode, but stochastics turning bearish, 5-day moving average meandering sideways. Support at 85.04 (yesterday's low), then at 84.87 (Thursday's low); breach would target 84.71 (15-year low set Aug. 11), below which would open way down to psychological round-numbered levels from 84.00 down to 80.00, then 79.70 (record low set April 19, 1995). Resistance at 85.68 (yesterday's high), then at 85.85-85.91 band (Friday's high-Thursday's high); breach would expose upside to 86.28 (Aug. 16 high), then 86.39 (Aug. 13 high), 86.49 (Aug. 5 high) and 86.93 (July 30 high).



GBP/USD - to consolidate with bearish bias. Pair undermined by weak investor risk tolerance, contagion from weak EUR, lingering concerns over negative impact of fiscal tightening on UK economic growth. Data focus: 0830 GMT UK July net mortgage approvals & lending. GBP/USD daily chart negative-biased as MACD & stochastic bearish, but latter at oversold. Support at 1.5460 (Friday's low); breach would expose downside to 1.5325 (38.2% Fibonacci correction of advance from May 20 low of 1.4230 to Aug. 6 high of 1.6002), then 1.5290 (55-day moving average) and 1.5123 (July 21 reaction low, matching 100-day moving average and 50% correction). Resistance at 1.5620 (yesterday's high); breach would expose upside to 1.5672 (Thursday's high), then 1.5688 (Wednesday's high), 1.5707 (Aug. 16 high) and 1.5866 (Aug. 11 high).



und tschüss

lets go up 1.2750 is gooooooood

pullback @ S1

Nikkei below 9000!

I see a gap on 1h with DX, Anyone see it?

Interbank dealers say that turnover this morning has been quite heavy in the EUR/USD and the EUR/JPY which suggests that some dealers are piling into short EUR/JPY positions ahead of heavy stops below 107.25/30. If USD/JPY and EUR/JPY break lower together, we may get some very sharp moves and this is worrying the order-book watchers. They don’t want to be left over-exposed if a break lower occurs.