EURUSD

To me , EU has been bought multiples time inside 1,288x-9x.
I wouldn't be surprised to see 1,298x later in the week, but i don't rule out a dip to squeeze weak longs.

I only bought the pair today.

Can Eur Break this area ? has made many attempts

Frankenstorm....

Milky way scientists

Massive Tornado Hits The Statue Of Liberty.

Photo was taken on July 3, 2009.

Copy Credit : Robert Bogdany

Created With Photoshop.

haha, beautiful nonetheless..

true..

Hey thanks that. This is really close to my method, so this encourages me

H1

Damn it's quiet here... the calm before the storm?

Autch!....

yes the market is dead till asian session

but not the storm I'm living through here in the US.

Stunning view!

And Bloomberg switched to a weather channel ...

Here goes - here is my analysis of EurUsd at the moment.

I'll start with the long term, then a closer up view of some fibs, then a daily view:

Please bear with the chart if at first you think there is alot going on - your eyes will eventually see what I do. Thanks.

http://dl.dropbox.com/u/63552262/Cha...-_29-10-12.png


So,basically what I want to show on this chart is the overall pattern the previous 7 years has formed. You can see this within the heavy blue channel lines. This is as clear as day imo, and has conformed to the trendlines religiously.

You will notice the bounce off the main support line in July 2012 - then the subsequent break of an intermediate downtrend to get it there (in line with an RSI break as confirmation). However it has now found some resistance at the 38.2 fib extension and has ranged there for 2 month.

Not now the RSI support trendline (green line) - I reckon we could look to test that pretty soon, which would be see us test the 50% fib extfrom the recent low-high(shown in next chart) and maybe even coincide with one of the horizontal supports aswell as the previous RSI trendline resistance (blue line on RSI)

WEEKLY CLOSE UP

http://dl.dropbox.com/u/63552262/Cha...-_29-10-12.png


What I want to show in this is the recent fib extension to determine where I think this will go if it does retrace before a potential move back up.
I would aim my attentions to the 50 or 61.8% fib extentions. This looks like it will coincide with the RSI support nicely, as well as the horizontal supports marked on the charts

DAILY VIEW

http://dl.dropbox.com/u/63552262/Cha...-_29-10-12.png

So a daily view of the Close up weekly view we just saw.
What I think this shows is the bearish momentum, indicated with the recent break of an intermediate trendline (thin blue line)on the 25th Oct, aswell as bearish RSI divergence.
I do think there may be an intermediate up move before we go to possibly test the 50 or 61.8% fib - either here, or at the 38.2% (i certainly think it will find short term support @ 12750 no matter what) - but ultimately I see us testing the 50%-61.8% fibs. It may - it may even test 12300 again coinciding with a major previous support, aswell as retesting the channel downtrend it broke out from.

SUMMARY

Short term - bearish, look for levels @ 12620, 12480 and maybe even 12300
medium to longer term - expect moves up towards the upper trendline between 14000-14300

ALTERNATIVELY

Short term it could just range in its current range of 12800-13175ish shown on a 4H chart

Oh, that's nice. Can I go to the beach tomorrow ?

ouch remind of earthquake

It is slow now. But just watch this has yet to drop down good. I say it will drop to 1.2800 and even more but will see.

Tokyo opens, what are the perspectives?

up !!!!!