Circular Trendlines

I agree 3740/50 looks more promising at the moment than 3900, but I think we will be rangebound for the next 2-3 days in between 3750 and 3400 zone. At least we know that we are stopping a bit for a rest and give us more relaxing shorting opportunities.

The S&P500 is also showing some retracements upwards. One indicator if you want to go long or short, is to always check the S&P500. The S&P500 and EUR in most cases give the same sentiment, and same direction. Sometimes if you are not sure about which way to go, check S&P500 and at times it moves ahead of the EUR/USD, so EUR/USD follows shortly after.

http://www.dailyfx.com has NetDania charts for the S&P500. Try any of their free charts and choose Instruments>>Indicies>>SPX500

Here is small quick analysis...

small bullish opportunity on the EUR/USD

Well done bro
Thanks for your comment in my profile appreciated

There is something very important i c in my chart which is PA enter the consolidation or indecision zone so expecting too much ranging

thanks bro.Thanks for your comment in my profile appreciated. when i will see a good entries i will post a chart

Right now A possible high of 3800 would be the destination to look forward to for a short position. The 3750 zone that we thought before of becoming a new high could be pushed further up to 3800.

As far as buy opportunities are concerned, there are few that are better than the others. The ones happening at the 3550-3600 levels are the better ones.

The sell at 3800 is the one that will be much better than the buys.

I posted this on the EUR/USD forum:

http://www.forexfactory.com/showthre...76#post4951476

Basically is a low risk buy, but need a very tight stoploss of maybe 10-15 pips. Its a counter trend move.

but I just posted it because some people like to counter trend.

All the Move since PA hit 35 Low Volume
That mean no smart money in all this ranging
So smart money waiting to Sell (Because down Trend) in higher Price mostly 38 zone
That my view and so do I

Agree.

and still believe that this pair has not reached its sell zone. Buying EUR will be a tough and frustraiting move upwards.

Looking to the highs of 3700/Lows of 3800 for a sell.

your analysis correlates with my 3860 sell target

Yes, if you also take the other end of the perimeter of the red circle it correlates with your spot as well.

Its roughly a bit higher around 3880 than your calculation

But for all practical purposes, Its the same area, because the circle might shift a bit as time goes by.

I think it requires a spike to go to that level.

We'll see.

Thanks for pointing it out.

The approach to 3800 took a wild twist, and the pole of the black circle shown in the diagram got broken. This break exposes another fall to 3460 level.

At that level we might experience a bounce to 3800, but for now situation remains bearish.

2 Possible sell positions at 3870 and 3920 region

Strong drop to 3550 region expected some time soon...

EUR still within shorting boundaries...

Another attempt will be made to break the 3750 barrier

War between 3750 - 38
depends on my chart this 1H should close under 3750

It has been pretty nice for scalping today, supply and demand levels worked pretty well. At weekly chart price is between supply and demand zone, don't really know what to expect next in longer term, bull seems to have some difficulties.

Good luck.

Daily
The situation on the daily time frame still looks very bearish, with a strong break of the median line in green and a strong break of the pole of the blue circle. Price Action still does not have a solid support established and the previous supports have been broken quite strongly. The only strong support currently will be at the 2900 / 3000 level. This will be a surprise to anybody that believes this pair will go to the 4600's at the moment. The upward movement towards the 3940 region was simply because of the fact that there are not many strong resistances between the 3400 and 3900 level and swings will happen until a considerable strength forms for both resistances and support in this region.

H4
So far we are only hitting the outside perimeter of the black circle, which used to be a very powerfull support in the past. The manner that the black circle has broken gives price action very little desire to go back inside this circle and continue going up. The strong break denotes a trend change on this time frame and the daily time frame. The upward motion might make another attempt towards the 3850-3900 region, which is rougly hitting the blue straight trendline, but overall it will be doomed to go through the perimeter of the black circle.

H1
We have hit the 38.2 fibonacci level of the entire drop from 4550 to 3484, and with a strong spike downwards. On this time frame we dont have 5 subdivided waves for the final C wave that will finish the upward motion. If the 3750 breaks downwards, then it has to break fast. if it does then we are experiencing a 5th wave failure phenomenon on the last impulse wave that started from 3591. if we dont, then that means that the last leg is not done, and I would suspect that we will hit the 3910 region again and drop down from the pole of the red circle. The pole of the red circle will be the ideal spot to generate momentum to drop down, and it might have a false break, just to create confusion.

This is the current outlook for the EUR/USD. Its a waiting game to see what happens at 3560 level. Going long is not recommended at all in these conditions.

no problem thanks for your help