EURUSD

wont be the first time....or last

amazing lol and on the right track for wealth...good for you my friend, wishing all the best for you in your quest.

H4 pivot, 50% fib (1.3785-1.3855), ma100 on m5, ema200 on m5.
all are a few pips underneath present price.
let's see how they behave/hold.

its a 38.2% retrace from bottom which was I believe at $4.00 sits at $22.00

Then buy all you want it may go to $52.00 and as much as $500.00

Have you read about the Crash JP morgan buy silver (Crap)

But the chart has nothing to do with that..

Why would you pay high price ...wait for a discounted price and it should be in $22 -$18. or even $8.00(I doubt that).

even if it goes higher than the projected FIB price..its best to wait ...to sell...Time to buy was when it was at $14.00

Smart decision ... going for lunch too. see ya later.

sisse

indeed it did, and if you go further back, say to the 1500's it was at $800 an once..(in 1999 dollars I think)...dont tell the kid..lol

LONDON, March 1 (Reuters) - The dollar struggled to regain its footing on Tuesday, staying near a three-and-a-half month low against a currency basket on the view that the U.S. Federal Reserve will stick with loose monetary policy.
The euro hovered close to its 2011 high of $1.3862 against the dollar and traders said a catalyst for more gains could come if U.S. Federal Reserve Chairman Ben Bernanke continues to suggest U.S. monetary policy will remain extremely loose.
Bernanke is expected to stay cautious about the economy at his semi-annual testimony before the Senate Banking Committee at 1500 GMT, in contrast with other central banks who are focused on rising inflation.
The euro was also expected to remain supported ahead of a European Central Bank policy meeting on Thursday, where it may signal a willingness to raise rates. [ID:nLDE71R1Y8]
"Upside in euro/dollar is likely to depend on Bernanke. The first level is the 2011 high, and once this breaks we could see a test of $1.40 but for this to happen we would need Trichet to be quite hawkish on Thursday," said Roberto Mialich, currency strategist at Unicredit in Milan.
The euro was up 0.25 percent at $1.3834 EUR=, hovering near a one-month high of $1.3857 hit on trading platform EBS on Monday. A break of its February high at around $1.3862 would mark its highest level since early November.
Traders said the single currency could struggle to extend gains without a further catalyst, with real money offers reported around $1.3830-50 ahead of further offers around $1.3865-70 and barriers at $1.3900, $1.3950 and $1.4000.
However, buyers were seen around $1.3780-$1.3800 which were helping to prop up the euro.
The dollar index .DXY, which tracks its performance against a basket of major currencies, edged down 0.1 percent to 76.793, close to a 3-½ month low of 76.756 hit on Monday.
"If we get any indication that he (Bernanke) is going to complete the QE2 measures all the way through ... I think it is quite possible we will see further dollar weakness," said Andrew Robinson, FX market strategist for Saxo Bank in Singapore, referring to the Fed's $600 billion bond-buying programme.

ciao

lol at weekly divergence,

kaboom.

Quiet possible....

It may shoot another 3 -4 buck UP...but fall would be more than 4 bucks

Also if you look at the prior weekly candle it looks like a no demand bar..it looks suspicious..not a Bull candle..IMO..

bought at 1.3821..

usdcad : selloff

yeah, reminds me of the old saying 'Them that's got the silver (gold) makes the rules".

if you ever read the story of how that happened....it got so dirty the exchange (short contracts) started changing the trading rules. i.e. you can only buy on Tuesdays between the hours of 9am to 9:15 am.
Thats just an example, can't remember what the exact rule was. Heck can't even remember the title of the book. lol

h4

http://www.forexfactory.com/attachme...7&d=1298981212

http://www.forexfactory.com/showthre...57#post4437557

IF E/U breaks 1.3780 - 70 then next level is 1.3729.

ok PTL now your really dating yourself. just kiddin

lol, I'm 500 years old, lol....

still looks like a good level to keep tabs of....

IT is difficult , at first ,EU should break 3800.

Yes...

1.3813 - 1.3803

it would be nice if it makes an inverted head and shoulder.on 1 hr chart then shoot to 1.39xx .. left shoulder is already there..