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Posts by "behof"
16 Posts Total by "behof":
2
Posts by Anonymous "behof":
Price bounced off the 62% Fib ratio near 1.3750.
I'm waiting for a rising volume => Selling climax bar
to go long .
Regards
Bernhard
By the way we are at the moment reaching the last fridays 61% Daily fib level !
If its broken way is up !
Bernhard
If EUR is breaking 1.3750 resistance level next target is near 1.3800
where some option barriers are sitting..
Kind regards
Bernhard
By the way the 1.42-1.43 Zone is a nice 50% Fib retracement on the daily chart !
Regards
Bernhard
I think the play of the big boys to hammer down the Euro is over.
Hopes are rising that Greece will do all they can to reduce their debt despite
all the rebellion inside the country.
I see a rebound of the Euro to the 1.42 resistance level.
Commercials are net long at extreme levels also the open interest.
Lets see what happens..
Regards
Bernhard
Regarding the momentary situation on the Euro I expect a rebound to the 1.4200 area.
COT Data point to an up move because the commercials are extremely bullish at the
moment...
Let's see what happens...
Bernhard