EURUSD

Can't cross daily pivot either @ 1.3002

and it made that weak hammer on 15 min, "gotta" go below

Safer shmafer hehe. If it goes lower I'll just pick it up from 29460

hi max

I am just comunicating with him/her

he/she undersands me

dont worry

& thank you for your input

also the vid is great
I coded REVERSO last WE , it worked great

I expect it down to 2970 at the end of this hour and then all the way up to 3045 and 3100 during the day =)

Theres PM option. Use it!

About EURUSD

this monkey still stuck here
2983 hold. for a while

we may expect a bounce to 3030 then down again

this what I can see now.

out at BE. Bears are willing. I would hate it if a long catches bad news while it's underwater and a repeat of my worries last week. PA shalt not take my pips!

Morning to all.

According to my chart 1.298-7 should hold EU... in case not, I'm changing my mind from long... still hoping for a retest of 1.306.

This way I'm opening a long now, SL 1.2800 TP1 1.306 TP2 1.3100 Let's see this

no worries looking at other pairs...gj

I have always concentrated on fragile Ms Euro. I will get to know her more and since she has sent lots of pips my way, I aim to stick with her. And hey, she's got Long legs.

KREMLIN TO PUNISH EU. THERE ARE A NUMBER OF LARGE GERMAN COMPANIES OPERATING IN RUSSIA. YOU COULD LOOK AT FREEZING ASSETS - NEKRASSOV

Karma is a bitch

doji in h4 and h1 heads up!

Set TP: 1.3047 (Today's high) - Waiting for London or NY to retest it.

Morning, caught a few pips overnight but watching and waiting now

Not sure the fear mongering can be kept going much longer to keep the downside intact, still think there is a good chance of a short covering rally. But it has to make ground into 1.3

I sincerely hope that... This shouldn't be left unpunished...

So peeps where next for the EU intraday? I say intraday because most of you will be focused on trades that you are wanting to complete today.....

Ignore all the fundi stuff for a minute and look at the charts - as we are talking intraday lets look at the Hourly to see what direction we can pick up for today


Chart 1: The last major hourly swing was down last week and included the gap, this has now corrected in a clean ABC pattern up to the 78% level which is normally a maximum for a correction, beyond this it runs the risk of becoming a new major up swing on the hourly (ie: it will exceed the top of the down swing). Until 78% is broken I would therefore focus on downward movement.

Chart 2 (option 1): If we wanted to consider the upward direction we could look at the possibility of the ABC retrace actually turning into a 5 wave trend instead. The issues with this are: (1) the current pullback (possible w4 on chart) looks shallow and if it goes below w1 then it would invalidate the setup that does not leave a lot of room (2) the projected targets also look shallow and will barely exceed the high of the last down swing 1.311x

Chart 3 (option 2): So looking next at the logical move a correction of the current swing up we can see a number of fib targets and initially my money is on the 1.296x to 1.294x zone.

Chart 4: I just put this up to show you how the C wave of the ABC up made a nice 5 wave move of its own ending in the target zone, this further supports the retrace we are now seeing.

So I am intra day biased short on technical reasons.

As for fundi.... sure cyprus has a deal on the table, but it will cost some serious people some serious real money and that value will be a high % of their deposits but will not be know for quite a long time yet. The deal is merely a float, there will be job losses, deposit exits, and people exits from cyprus which will damage the economy further yet.

All the negative data for the EU including germany was overshadowed and ignored because of cyprus last week and nothing has changed in the EU it is in a proper mess, futures are skewed short and now that we have had the reaction the cyprus deal I would expect the shedding of euros not accumulation (buy the rumour sell the fact!).

Dear Prosac_100Mg

this thread always like that
I had posted before
without an admin this thread will not be better then that

& I am not the reason for that.

but you luckly added to my ıgnore list also
good luck

Max I think a 4 hour close above 1.2995 which is 100SMA may start a re emergence of the upmove. First close back above it since the it closed below it about the 14th of Feb