EURUSD

Hope u get it , levels for scalping ones 3285/8, 3300, 3313, 3330 before 3355/60 .
fontu

@m1 chart, HH & HL spotted.

Now wait to see French Industrial Production m/m. If turn out red, then price will surely fall again!

If it goes to 135 than that move is called short squeeze not long squeeze...

http://img196.imageshack.us/img196/9171/25038964.jpg

Target below 1.4?

LONDON (Dow Jones)--European stocks are expected to open higher Friday, as euro-zone debt fears recede and a sense of confidence in the global recovery returns to the market.
"Sentiment turned around overnight with investors shifting to a more optimistic growth outlook and falling initial jobless claims in the U.S., relieving partly the worries triggered by last week's surprise jump in claims," said Credit Agricole Corporate & Investment Bank.
Ben Potter of IG Markets called London's FTSE 100 index to open nine points higher at 5817, Germany's DAX index up 21 points at 6985, and Paris's CAC-40 index 16 points higher at 3874.

Consider this too.........

Strong hourly trendline broken to the upside...

God, terrible French numbers.

Leave it to the French to ruin potential Euro upside.

i don't know.. i may be wrong.. but a sell down looks oncoming in the next half hour or so? imho..

EUR

French Industrial Production m/m
[Open Detail] -0.8%

This data surely didn't help bull

Hi all,

I have just updated my EURUSD and Gold counts on my blogs, which can be accessed through my signature.

Sorry for updating my charts so infrequently over the last days. Had been on business trip the last days and was not able to trade or analyze :-(





Action in EURUSD over the last days is a little bit frustrating for the bears. The overlapping structure of the last days gives a lot of room for alternative counts.



So let us see, which implications a soaring EUR would have:





My main count: we have build orange 1 to 4 with 5 on its way. The first red wave in orange 5 might be a Leading Diagonal. If this is true, red wave 2 should retrace to around 3306 to 3367



For this main count it is important, that we do not breach certain levels to the upper side.





A: 3422 (this would invalidate the Leading Diagonal count)





B: 3573 (this would likely make the whole formation down from the top a leading diagonal with the wave

orange 4 reaching in territory of wave orange 1



or



we are forming a series of 1-2's (then critical levels woul be 3422 (small 1-2) and 3786 (big 1-2)

A breach of 3400 to the upper side will eliminate the option, that the Leading Diagonal (red wave 1

in orange 5) itself is a series of 1-2's))





C: 3786 (this would eliminate the possibility of a huge Leading Diagonal or we get an even bigger

Leading Diagonal (with the move from 4282 to 2968 as wave 1; not very likely)





D: 4282 (this would likely mean, that the move from the lows in May to 4282 was Wave A, the recent move

down Wave B and now up in a C wave. If A = C, then we would look at targets around 5370



If this comes true, we have to reaccess our long term counts.





The most critical leavel for the bears is 3786. And I will definitively follow Todds advice to close ALL of my shorts at this level . See:


http://principleanalysis.blogspot.co...uro-bears.html





Trade well, safe and prosper,



Markus

not a single follow up reply after french data. everybody focus on the chart to get the hint to which direction the trend going to be? LOL

New Version. Just came in Fresh. Lets see if that can hold the index. Or its Just my wishful thinking

so, its just that easy, right? news bad for euro, euro go down. Sure.

Guess no one really cares about the French in Germany.

Let's see what London has to say about it.

Morning all
So where are we standing now
http://www.forexfactory.com/showpost...stcount=342907
http://www.forexfactory.com/showpost...stcount=343012
We reach Almost the yellow line on the zone , 1.3290 Magnetic
Now watch 1h close

i see pin bar almost forming on h1 chart.

Price back below tl again , frankie false spike ok , if do London? possible also & so for any long scalping will care & not believe untill it breaks up 3334 & hold .
fontu

Long since 1.3270, SL @ 1.3255

Sell position at 1.3240.

I don't know which TF u trade OR ur MM but any how GL!!
C!? Ur SL hit before even i finish!