Spider's Den

3203 and 3185 achieved. 3109 can be target now in NY session. 3185-3150 range needs to break first.

3226 may be good for intraday shorts. Breakout of 3167 could be traded as a scalp.

nice level.. i think we will visit 3258 perhaps not today..... expecting 3194 first

Yes so far 3226 is good

Tomorrow euro will rally. It's not technical - just a gut feeling. Probably up past 1.33

Hi T,

Again you spot on with your level of 3226 for a Short.

Would you please show on a Chart how you come up with those levels of 3226 and 3167 before price reached there?

1.3144 is the one to watch i think we will hit this then climb up.. goodluck no shorts imo this is profit taking going on...

Hey guys,

We had a BELT HOLD pattern I forgot to post it on FF I was very sleepy i posted HERE on my blog 9h ago. It was 3190 when I was writing the analysis, afterwards it jumped to 3245.

NOW we may see a BO to the downside if 3155 breaks.

Break of 3155 targets 3120.

well i've just some more analysis and we may be already at the bottom for the day... 3158. 3140 i can allow for - breaking that will lead to 3110. i am bullish today as we are sitting in bulls court... though the swing down i am targetting 1.29 - probably not till next month now... it'll take all the stops possible then shoot up again..

as you mentioned 3155 i doubt we get a new low today

Where are we going this week Traders ?

From the Fundamental side there is the election in Italy with the final results out on Monday. Then we have the FUN NFP day on the First Friday of the New Month.

This time it falls on Friday, March 8, 2013 so please take note.

On Tuesday and Wednesday Ben Bernake testifies and that COULD move Forex Markets so mark it down as a Risk Event. He speaks starting at 10:00 AM on both days.

This is a very busy week for new data in the USA. Please see the Calendar dates of important releases to come Monday to Friday.

Watch the price of Oil and Gold. See if we are Risk On or Risk Off. Follow the MONEY FLOW back and forth between Equities and US Bonds.

Be ready for anything, have a good Trade Plan and be patient. Have a GREAT FX Trading Week.

EARLY BIRD ANALYSIS EURUSD 25th FEB 2013

EURUSD is currently in downside channel. Early analysis tells us that possible jump could b to 3225-40. Eurusd should b contained at 3255 strong resistance. If it fails I expect jump to 3325. Targets are 3126 and 3066 to the downside and intraday resistance is 3255. Italian election results may spike the price, still pay attention to levels and general direction of the pair.



You can also read the analysis on my FX BLOG.

This week in the USA there is Durable Goods and on Friday March 1, 2013 we have ISM.

Since this will be new to most posters I will give some background on how to follow CM Money Flow by watching the Yield on the 2 Year US Bonds which are now at. 25% and the 10 Year Bonds are at 1.97%.

As the Risk Off money goes out of Equities into the US Bonds the price of the US Bonds go up and the Yields go in the opposite direction. As an example if the Dow sells off on Monday you will see the Yields GO DOWN on the 2 Years and the 10 Years. It might be at. 24% and 1.95% depending how much the Equity Markets go down.

The more extreme the Risk Off situation is the more likely more money will go into the 10 Years VS the 2 Years. The reason for that is to get a beter Yield while the MONEY is parked there until we get a Risk On status again.

In order to BUY US Bonds whether the 2, 5, 10 or 30 you need US Dollars to BUY them.

This gives strength to the US Dollar Index and usually it reflects by weakness in EUR/USD.

Once the Momentum starts in RisK Off or Risk On it is usually an INSTANT leading indicator.

When I trade I always have my TV on to CNBC or Bloomberg to watch the US Bond Yields and also the Price of Oil, Gold, Dow, SP500 and the other main Currency Pairs.

I hope this will help those who are interested to follow how MONEY FLOW can help your FXtrading results.

thx , very interisting

Hello guys,

Early bird analysis is valid for the day. Stay focused. Levels are already mentioned, some scalp shorts around 3235 could have been played right, still the price has a slight bullish momentum atm.

If 3255 is broken, BPC trade could be achieved as target is 3325.

I also encourage ppl to try Forex Ball championship. Its completely free of charge. Hahah, tbh this is the first time i joined any kind of championship.

EU is going up, 3290 3306 are next zones.

There is a bullish divergence on H1 TF, just at the bottom, ill show u a chart