EURUSD

it will rather sink lower... for investors to get it in at a better price

you will not find correlation all the time

wow.. strong triple bull candle on H4 chart

what the..

Potential inverse HS if I haven't misread this one. Guessing market buying rumor of the G8 meeting.

it is unconfirmed..watch out for the billion dollar trade to be triggered in a few minutes

it will come down dont worry

same here, reversed at 2717 after the whole day being long and...still here waiting for this thing to go down...

now please...go down and let me start the weekend...

yeam im praying for it to go down......dun tell me the bear is sleeping at this moment....while the bull is wide awake.........

I LIKE TO LOSE never worry ... OK IF GAIN

Most likely there won't be a breakout today given daily range exhausted and now is Friday afternooon.
Good weekend, everyone!

looking bad for EUR...once 1.2700 is taken out then to its regular 1.2666 support...looking likely but little time left for the market to close...
lets see

I think, This is good price for long. I will be long EU for 2 weeks and TP 1.32xx. Let me see and let me hope!

yeah...true....another 3 hours to go.....so im gonna close my trade at that time....doesnt want to have any open trade for monday as we still dont know whats the putcome of the G8 meeting.......

Time to help this puppy continue its flight to hell...

yeah hopefully......USD was at the edge just now at 1.2740/42......my heart was beating like a speedracer.....hehehehehehehe

Friday is always a risky day...it was clean today Buy from 1.2700 should closed ...buy expired if 1.2666 was taken out...amazingly it reached its target at 1.27379,
i closed at 1.27200 as i limit my friday trading to just 20pips...

happy weekend friends...see you all next week
Plus even more risky to trade now or let you trade open until next week

It'll break up next week.
There was a reversal at the bottom...and now it's being accumulated at the top.
It may dip below 1,2700 who knows...but next target is 1,279x and maybe 1,284x before doing its next move (up or down)

http://3.bp.blogspot.com/-k3cWy2xTH9...1h-EurUsd5.JPG 1 hour Yesterday at 12 a.m. GMT, EUR/USD broke through the triangle bottom but did not confirm the breakout of the low (green line, EUR/USD Market Update 17.05.12 -C-) and reversed. In the following, EUR/USD found resistance in the middle of the price zone of the triangle consolidation pattern (red circle) + the price zone of the tight consolidation and went south again till today at 7 a.m. GMT. From then, EUR/USD bounced from the support zone at about 1.2641 (EUR/USD Market Update 17.05.12 -A-). From there, EUR/USD went up till the Pivot point, consolidated there (Bull flag) and broke through it. Todays price development might be seen as inverted Head & Shoulder where the brown neckline got broken in the European session. Recently a second bull flag was formed and broke out to the upside.

http://4.bp.blogspot.com/-v5ApJhYbnF...in-eurusd9.JPG

On the 5 min chart, we see that the two consolidation pattern formed the typical 3-wave shape before the uptrend continued. EUR/USD found resistane at the 100 % fib extension from todays upmove from the support level at1.2641 to the neckline moved to point a at 1.2736, the 61.80 % fib extension (a-b at c) at 1.2736, daily R1 and the 127 % butterfly target (127 % from b-c at c). This confluence resistance zone hold the market (red circle) and EUR/USD went down to find some support at the middle of the price level of the prior consolidation pattern at 1.2710.

It is important to recognize when the breakout of the consolidation pattern occured (Breakout candle 1,2). Both breakouts took place at the beginning of a new 4-hour candle (12 a.m., 4 p.m. GMT). If you

http://4.bp.blogspot.com/-2hMWHXnJQG...4h-eurusd1.JPG

observe the 4 hour chart then you also see that the 10 SMA and the 20 SMA provided resistance. EUR/USD respected these level but with the beginning of the new 4 hour candle (12 a.m. and 4 p.m. GMT) these resistance zones got weaker (already touched) and EUR/USD broke through it right at the beginning of the both new 4 hour candles (Timing). The second breakout (4.10 p.m. GMT) did not get confirmed as the succeeding 5 min candles did not close above the range of the breakout candle (no confirmation on the 5 min chart after the breakout of the consolidation - green line).

http://forex-chartanalysis.blogspot.de/

I wish you a nice weekend!

more exhaustion and trend line problems, staying short unless it breaks