EURUSD

Yeah seeds are legal here too, but im thinking this guy aint got 3 months and a strong lamp + filters.

Well a nice picture to hang on the wall, that can be arranged.

6 out of 7, nothing to complain about.

European Forex Technicals: Dollar Under The Cosh
22 Sep 2010, 08:33
By Francis Bray
A DOW JONES NEWSWIRES COLUMN


London (TRADING Central)



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

2010-09-22_European Forex Technicals (08h31 CET) 001.pdf (11.7 KB)



Intraday EUR/USD: Euro strength continues to define the tone, and the Aug. 6 reaction high at 1.3334 is now within striking distance. Having sustained the break above 1.3160, scope exists for a break above 1.3334 towards the 1.3500 level for the coming sessions--1.3500 representing 50% retracement of the 1.5145/1.1876 downtrend. The 1.3160 level provides the limit for corrective weakness, which is protected by 1.3195.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Consolidates beneath solid resistance at 86.00, to put support at 84.75 under pressure. The weak tone is expected to continue to edge towards the 1.618 extension target at 84.55 and 84.40--the latter being the 50% retracement level of the corrective rally off 82.87. Regaining ground above 85.19 would provide temporary respite, but only above 85.47 would open the 85.66 lower high.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Extends the short-term recovery off Tuesday's low at 1.5505 to reel in Monday's 1.5684 high. However, a fresh wave of bull pressure is required to tackle key resistance at the Sept. 17 high at 1.5729. Corrective weakness should be limited to the 1.5570 area, which is protected by 1.5610.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: Bear pressure is building on the Sept. 14 10-month low at 0.9933, and a break below there is looking increasingly likely. The November 2009 reaction low at 0.9916 lies just below 0.9933, and 0.9916 is the last line of defence protecting the 1.618 extension target at 0.9835. Corrective strength is limited to the 1.0029 area, shielding the 1.0061 lower high.

Weekly chart USD/CHF trend: Bearish.

Going short till the FIB level watching PA too.... 1.3286 is a resistance level for EU a break could lead us to 61.8 Fib Level which is supported by 55 SMA Today. A move of this EU could retrace upto that level to go long more........

Another long At 1,3292
London hourly could not close below Frankie's open, nor clearing Frankie"s low.
Targeting the high of today, if it's breached next tp is 1,3380

IMHO, buying in a higher timeframe supply zone will just end in tears. At least wait for a retrace down. If my eyes don't deceive me... I see a double top!

I.m not sure retraces typically go this fast. Any reasons?

I don't understand euro behavior today lol
gotta stand aside and wait clearer direction

PORTUGAL: 10-YR BONDS EXTEND DROP, YIELD RISES 5 BPS TO 6.39%

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10FC8UyX7

Short till 1.3235-50, there long by own judgement.

what is your SL i also added long position and still believe we will visit 3380 or 3420 today before dive down

Ub

Supply and demand imbalance... simples!

For further information on supply and demand check the following thread -
http://www.forexfactory.com/showthread.php?t=255586

You keep buying and I will keep selling

i will keep selling too but above 3340 but its confusing PA ...going long with Tight SL since correction is due

good luck

Ub

If you look at the h4 or higher timeframes, the PA should be less confusing!

The big cheese is in the office today. Got to keep low! Over and out!

just select which one u want ...

A lot of resistances building up on top, 1.3285 and one like 2 pips below

Below 1,3250, then i'll give up