EURUSD

nice target area....

Could you pm or email me please.. want to touch base re your latest 15 as posted on this thread last.

-Brian

agreed, sidelines for now...its a long day, and even longer week...slight bias to the downside....subject to change...

How do you think? have hit the target?

we're on the same boat... only my target is 1.3650

as long as we don't close below this...

b, am flat right now, would like to see some support I have at 3665 area go, then yes, very good chance for that area, but for now I wait, good luck with your shorts....

European Forex Technicals: USD Bear Trend To Extend
21 Feb 2011, 08:28

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner



Intraday EUR/USD: Friday's strength completes a bull wedge to put the euro back on the road to recovery and upside risk has been created for 1.3815. With good support lying in the 1.3629/43 area, a fresh attack on Monday's current session high at 1.3727 is expected, opening the Feb. 9 high at 1.3745 and the 1.3815 target, which lies in front of the bull wedge high at 1.3862. Only movement below 1.3629 would question the bullish outlook, exposing 1.3595 and 1.3545.

Weekly chart EUR/USD trend: Range.



Intraday USD/JPY: the short-term downtrend has been upgraded, threatening to test the 82.71 support area following the breach of 83.15. Friday's high at 83.54 has become a lower high, projecting further weakness to the downwave equality target at 82.71 and potentially the more significant support area at 82.50. Only a recovery above 83.40 would question the bearish outlook, opening 83.54.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: February's high at 1.6277 is set to come under fresh bull pressure, as recent volatility has been resolved to the upside. The key November reaction high at 1.6298 is vulnerable and a 1.618 Fibonacci extension target lies just beneath. A fresh wave of bull pressure is therefore required to force a break through 1.6298, opening a wider 1.618 Fibonacci extension target at 1.6342. Good support lies at 1.6185, but downside risk is limited to the 1.6115 area.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: last week's severe bear tone brings the focus back onto February's reaction low at 0.9329. While 0.9495 caps corrective gains, a return to Monday's current session low at 0.9415 is expected, threatening further weakness toward 0.9329 and leaving the Dec. 31 all-time low at 0.9301 vulnerable this week. The 0.9550 area has become pivotal resistance, which is protected by 0.9519 and 0.9495.

Weekly chart USD/CHF trend: Bearish.





I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for Plapperei ...

At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...

That's why ... schönen Tag noch ...

palim palim



;-|

like I said, would have been helpful to me had I followed the weekly and monthly levels a little more closely friday, they got away from me, and its been noted....

I have flipped my coin and it came up long...

Morning all. Nothing screaming at me to trade on EURUSD yet. Cable looking slightly more interesting..

same boat

the next half hour decides the battle

Yeap agree. US Holiday today so its a sucker game (London taking easy money from retail) to get in right now. German news will define the rest of the day. A pullback on low "liquidity" day seems too obvious but its too close (upside) to major daily/weekly/monthly levels to got suck in shorts intrday before news... we'll see and good luck

sisse

adding short at 1.3686?

Lost power , price trying hard to protect so early , lets see if back, hope not yet or more down .
fontu

patience grasshopper