EURUSD

I have shorted 9670...partial profit already taken but my swing projection extends to round numbers 9610-9600

There is resistance developing at 1.3444-5 and so far no basis for reestablishing longs.

We may have to drop down to 1.3350 to find support significant enough to send it back up.

that was quick intra , good job .

I am thinking back 9720 first target .

ultimate 9950

as you see from targets not intra day kind.

below 9550 I am screwed

and next push of EU might go bearish too for an intra.

volume is increasing wonder what the action is for ny?

euro up, chf down, but eur/chf DOWN.....


interesting

Dunno but after 1.3470 area I have nothing stopping this until 1.3590 +/- .

Thanks mate.

Pretty cool 35 pips....scaled out. 3520 may be the top if we break 3475.

Will keep this trade going with 1/3 closed due to 3460 resistance

At the time of the move yesterday, most traders were short and I am beginning to wonder whether the move was for the purpose of shaking out those shorts and hitting even generous stop losses.

Now we may be getting back to the trend--which is down. We should know shortly.

Good morning
Price going for the FE 78.6?

Guys,

We have 3 big red data 1hr before the US session today. Should they give positive figures, would it be good for EU? Or would it benefit USD?

infact its ATR projecton target. We need to make a clear break of 3475.

P.S. Good morning moreover...Very good morning lol

Yes and if we break that, we could go to 3616

its not on my intraday frames. Ill stick to my projection levels.

Dollar Index Hints Long-Term Bear Market
13 Dec 2010, 20:33

By Stephen Cox, CMT
A DOW JONES NEWSWIRES COLUMN

NEW YORK (Dow Jones)--The Dollar Index has sold off sharply in this session and I suggest that the selloff may be the first step toward support targets close to 73.000.

The index's uptrend from early November broke down when trend channel support was taken out. See chart at

http://www.dowjoneswebservices.com/chart/view/5133

The point is that market action since the breakdown has taken the form of sideways trading, known as a "consolidation." It's enclosed in the chart's red inset rectangle. The vertical bounds of the consolidation are from 80.350, roughly, to 79.000.

A dip below 79-area support would touch off a minimum lower move to 77.800. That's because a lower move of the index would, in the uncanny way of the charts, tend to duplicate the vertical width of the consolidation. That prospect may be realized soon because the index's current intraday low is 79.101.

I believe that a dip to 77.800 would be significant because I've written in this column this month that trading 78.675 would be the technical signal for an eventual test of technical targets near 73.000.

(Stephen Cox, a chartered market technician, is chief technician for Dow Jones Newswires. He can be reached at 212-416-2212 or by email at [email protected].)
(Data by CQG)


December 13, 2010 14:33 ET (19:33 GMT)

Just hold on.............. its not going to be a smooth ride. 1.39ish is a real possibility, but we may have some bumps in the road. Don't bet the farm and take profit along the way thats just between us.

Boum...1,3485 done from 1,3210...
Out now and watching...

I should not have canceled my long order from 1,3430...but i wasn't there to monitor the trade.
NY will come up with other opportunities anyway.

closed for 70 pips.

waking up with pips in the bag, thank you very much london

ATR Projection is very good..... i have that projection level at 1.3522 but would not be surprised if price visit 1.359X area which is 138.2 Fib Level and daily R2 (Though out for +64 pips)

Your post are as always the best post in this thread.........

I have this price wave .3470 which is currently working as immediate resistance (but it has been broken atm) in my H4. Also, RSI (8) is already @ overbought level. Now, I am waiting for US data as I already get 35pips gain from the recent upside move.

However, if bullish really dominate today, we might see EU will go as high as .3550.

Just watch out there, RSI = overbought.