EURUSD

Quoting Vachus

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{quote} Actually, if Cable continued to slide - it's going to cause a major problem to Euro rising ( Due to the Dollar Index). But in general, i agree - as long EU crosses are behaving, the path of least resistance are up and more up ... * On a positive note today, the price looks way comfortable above $1.36x for the first time ** The euro Index should be above the 103.00 level, since it broke it early June {image}

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Quoting janpec1000

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{quote} Agree, climbing EG is not that good for EU becouse EUR and GBP are both companions with major oposite mover that is USD. Much better to have climbing EU and GU, and EG stalling than EG rallying. EUR index looks quite strong on up move indeed, dollar index looks weak especially on USDCHF and UJ , where JPY index confirms JPY strenght over next few days.

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Quoting saver0

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Here is the heat map for this morning. I think it will make its way up to the top of the triangle like before and possibly move down to the last bottom around 1.3510 {image}

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Quoting saver0

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Just placed a short on EU. Not looking to get much.. just down to 1.3600

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Quoting Vachus

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{quote} The index is sitting down now at a place ( the Low of ECB meeting, June ), that if the Dollar gather some momentum and bounced... some Euro Bulls are going to start crying! Tricky tricky, indeed

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Quoting sherifFares

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price is losing momentum again i think correction is on the way i think going short now wont hurt

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Quoting turk1

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{quote} i placed my short at @ 1.3622....target 1.3612 thinking for another at this level.

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Quoting saver0

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{quote} That's a good target. I might increase mine as well depending on how this thing moves. There is a slight upside potential as well and a possibility of this breaking the top of this triangle. But breaking the bottom of the triangle is more probable at this time. Here is the heat map for today. It's saying a bounce back up once it makes to the bottom of the triangle. The price might consolidate in the triangle before breaking up or down. My bet is for it to break the bottom and to go test the lows, that's when my next long entry will be. Green...

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Quoting turk1

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{quote} i'm trying to understand this TRIANLGE..:nerd:

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Quoting turk1

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{quote} i'm trying to understand this TRIANLGE..:nerd:

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Quoting janpec1000

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{quote} Connecting highs to yellow and connecting lows to orange line.

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