Steve we should have an eye on the USDX. If i remember correctly we had a pinbar on daily chart on friday.
if it get confirmed then good bye € shorts
just do it
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Dislikedfine
Steve we should have an eye on the USDX. If i remember correctly we had a pinbar on daily chart on friday.
if it get confirmed then good bye € shortsIgnored
DislikedI thought you were talking about less is more.........Your charts are as busy as mine.......Ignored
Dislikedfunny, do you recognize this formation in the 15sek?
is pretty same as hourly chart back to 2nd januaryIgnored
Dislikedbro´s trying long?? below 1.3080/90 I only see heavy short..this area was the genesis of a great supply on thursday..watch out!!!!
the resistance 3090 was already reached..Ignored
*All times are GMT.
EUR/USD Technical Analysis
€/$ began the week with another attempt to tackle the 1.3290 line (discussed last week). After this attempt failed, it was all downhill from there, and the pair found support only at the very round 1.30 line. It finally closed at 1.3068.
Technical lines from top to bottom:
In the distance, 1.3480 was the peak seen in February and provides a significant backstop to 1.34. 1.34 was a stubborn cap during the spring of 2012 and is the far line in the distance.
The next stepping stone is at 1.3350, which worked as a pivotal line in the past. Below, 1.3290 served as resistance before the pair collapsed in May, and despite a small breakout in December, the line remains intact -Yet another, third attempt to break higher, failed and the pair eventually collapsed in January.
1.3240 was now a pivotal line in the middle of December’s high range. It separated trading zones more than once in December and also provided some support in January. 1.3170, which was the peak of September, served as support for the pair after the break in December and is a key line on the downside.
1.3130 proved to be strong resistance during December 2012 and now switches positions to support. 1.3110 is a minor line after working as temporary resistance in December 2012.
1.3030 provided some support at the same period of time, and also at the end of November 2012. Both are minor in comparison with the next line. The very round 1.30 line was a tough line of resistance for the September rally. In addition to being a round number, it also served as strong support. In January 2013 it served as the last line of support, at least for now.
It is closely followed by 1.2960 which provided some support at the beginning of the year and also in September and October – the line is strengthening once again after temporarily cushioning the fall during December.
1.2880 provided some support in October and also in late November and December. It proved to be a backstop on the initial false rally after Obama’s victory. 1.28 is the bottom border of the range, and was eventually left behind. The pair fell to this low in September and later got close to it.
1.2750 capped the pair after the Greek elections and also had a similar role in the past. It is now a pivotal line in the range. 1.2690 was the new low after the November breakdown, and also provided support on a second downfall attempt in November 2012.
1.2624 was the low in January and now serves as weak support,1.2590 was a cap during August, before the pair surged.
Below, the round number of 1.25 is not only of high psychological significance (USD/EUR 0.80) but also worked as support during the summer of 2012. 1.2440 is already a stronger line, that was a clear separator during August.
Uptrend support lost
The thick black line on the chart shows uptrend support that began in mid-November. his line was broken in the recent downfall, and this serves as a bearish sign.