EURUSD

is that a false break, or is it just an example of a retest failure?

breakout !

what the EU has been rising over,?

no1 is responding on my request
maybe here is an expert 2 make the indi

c http://www.forexfactory.com/showthread.php?t=272962

So how 'bout dem Cowboys?

might be a gap up sunday to add a bit more to it hopefully...and goldmans said long so should be ok short ..ill try not to close it till next friday

Seems not just middle .
fontu

hmm, we closed the session to within about 15% of weekly range high, h4 topping spike yesterday could have just been pre weekend profit taking...

Also was just shy of forming a bullish engulfing candle...

Just correct me if I am wrong.
For Monday
EUR/US 1H if the price break the 1.34539 am looing to get till 1.34958 and 1.35890.

But if it break the 1.33146 looking to short it..

Also looking to retrace back at 1.32389 or 1.32522 ( 38.2 Fiv level) and take the big gain
am sharing this to get more knowleg for my trading ..

imo it's not a matter of being right or wrong. It's a two horse race, long or short, and it's about weighing up and analysing the balance of probabilities, and gathering evidence to support your analysis...

Not really one for MACD, I don't really trust any lagging indis. That said, there has been some very obvious bullish divergence on the daily MACD since the start of December, standard 12, 26, 9 settings...

The Fundy view (from Thurs so a little out of date in our fast moving market environment, although given the rangey nature of yesterday's pa as liquidity dried up moving into the close of the week, I think still relevant)...

fibs and their power...
watch the reversal points at each line...
thats just awesome.

fib channel and fib levels on the H4 (drawn high to low)

as well on the daily

and on the weekly does it also work

is that what u want if yes

install or drag ma lower window to u chart

go to indicators and drag the moving average to the lower window click on input click on apply to go down to click on first indicator's data

u can add as many as u want

Technical indicators look like they're basing and ready for a surge upwards. The fundamental factors also support this view as the Spain bond was over-subscribed and 2-year interest rate differentials (yield spread) again favour the Euro over the Dollar.

Finally, The most recent CFTC Commitment of Trader's report showed that speculators were roughly 24,000 contracts net short. This is what I myself had suspected all along as almost every news article I read during the past few weeks praised the Dollar and lambasted the Euro. Even on this thread there were too many members suggesting prices at which to short, at anything from 1.31 to the "absolute top" of 1.3450. Granted it reached 1.3456 and retraced, so some day traders and scalpers will be happy, but I forecast a strong rise next week on the back of a very strong weekly close and a realization of fundamentals that will force speculators to cover their shorts.

Well, I can see the Euro rising above 1.4000 very fast based on the fundamentals, whence the technicals will pay catch-up and everyone will then start pointing out the "alternative wave count", which is fairly obvious anyway as the damned thing goes either up or down, so if it doesn't go down in the preferred wave it must be going up!

Good luck, everyone, but be careful about massively shorting the Euro at this 'obvious' top.

i am agree but i think Fibonacci retracement is one best tools to find support and resistance specially on eur/usd and usd/jpy , the result is awesome

http://www.facebook.com/photo.php?fb...74691629226392http://www.facebook.com/photo.php?fb...74691629226392

4H trend is down.. the main resistance on 4H chart is 3467.. below the supports are 3274 and if break then 3124 next.. i will start to add short by monday from 3428 if it go there with stop 3473.. and target will be 3274.. and if it hit support first then i will wait to short it below 3250 with target 3124.. and if it break 3473 then i will take a long for target 3602..

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