EURUSD

1.3146 is a strong resistant, i don't think EU can pass that price today coz they need fundamental fuel to pass that price.

from my point of view, 1.3100 is a good psychological resistant and i will try to find a short signal if the price pass that area.

anyway, i think eu will close below 1.3000 today. let's see

Good morning ladies and gentlemen.

Back at my trading desk now after a 2-day absence due to having to attend a funeral. I need to spend a little time now catching up on the current state of the market, especially my preferred pair,i.e. EUR-USD.

It would appear, somewhat contrary to opinions expressed by "experts" on Bloomberg last week, that the bias has tending towards bullishness of late. Indeed on my 1-day chart, it looks as if a steep uptrend is developing.

Do my esteemed friends on this forum agree with this assessment?

it opened an hour ago 7am UK time 8am euro time.

now uk just opened 8am uk time

I agree about 1,3146 res....but 1,316x is the high from 28/02 so likely we shall see a squeeze up there.

I'm not shorting at this point...waiting for now, i just missed the 1,3080 long, was too busy, sucks

what do you mean? check the link I just posted - the quoteboard just started moving b/c it´s 9:05 am here in Germany, and that´s when XETRA starts.

Hello all,
FibStalker is back (and who cares?). Okay enough for self-greeting! . Hope you all are well. My Easter trip was awesome!

Immediately back to business... I want to remind you all my latest reviews on the Euro FX currency futures I made before leaving:

post #6524356 and in my newsletter (last one sent on March 17th).

This is my up to date view of the Euro (daily chart):

Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1365577267



In the last weeks/months we have heard a lot about the Euro demise and lower prices projections. But the failure level indicated before leaving for my trip (1.2715 on the June contract) was never violated on the downside. The potential to 1.41 area is still intact and, indeed, this target will be confirmed if/when prices climb above 1.3360.

As usual my two scenarios going forward:

Scenario 1. The Euro is not likely to offer a throw-back at this stage and it is very possible that will just continue generally higher into the 1.3360 area (and higher) before we get a sensible correction. Such a move downwards could bring prices into the 1.3140 before a renewed move higher to the next level of profit taking (close to February highs). Congratulations to those who followed my advice and were not distracted by the heavily negative news!

Scenario 2. There is still a possibility that we get a retrace here, in which case we could see price back into the 1.3000 area where the 20-day SMA could be met and offer support. This would be a good long entry to those who lost the train.

If you lost the train now be patient. If we don't get scenario 2 (lower probability), you will need to wait for price to move higher into and above the 1.3360 area before a potential retrace into 1.3140. Good luck.

PS: if you find my analysis compelling and correct, as well as, if it helped you, feel free to vouch me!

All the best.

I don't get it. Why don't whoever is buying take the stops above ?

guys

do you think we will reach 1.3200 today !!

you are looking at xetra, but the Dax futures opens at 8am CET which is 7am UK 1 hour before london. This is what is commonly known as Frankfurt opening time.

don't worry, it will visit 1.3080 area again today

OK, gotcha

maxdoom please let me know your opinion on eur/jpy?

scroll one page back...

Have to be impressed by this push the last 4 days and now today. We are coming up to last month's highs, but have broken last week's highs. To me EURUSD just looks choppy and only good for day trade and does not look ready to trend for any significant period of time.

damm eur/jpy pushed to 130.11. shit. I agree with maxdoom that is the crosses which are pushing the euro higher

No. it would be 6 consecutive gains in a row and I don't remember when it happened last time. we can close above 1.31 however

Morning...

account updated




http://www13.0zz0.com/2013/04/10/07/808771547.png

Why do not you answered the question math_GB ?