Posts by "digi"

Cost of Euro Is Getting Too High
For the last 18 months or so, the single currency has been able to weather the euro-zone debt crisis quite well.
Although the currency has come under periodic selling pressure, it has always survived on the assumption European leaders would come to its rescue.
However, the cost for keeping the euro alive has just gone exponential

i longed euro too , 1 hour looks longo

http://www.global-view.com/forums/chart.php?f=1&id=908514

and bingo!!!

ur azz is grazz

Euro decline from last week highs at 1.4575 has extended on Monday amid rising concerns about Eurozone debt, which has pushed the pair below the bottom of the triangle formation, at 1.4155, to reach fresh 6-week lows at 1.4025 ahead of the US session opening.

On the downside, immediate support lies at 1.4015 (May 25 low), and below here, 1.3969 (May 25 low) and 1.3860(65 (Mar 15/16 lows). On the upside, resistance levels lie at 1.4160 (broken trendline support), and above here, 1.4200/20 (Jul 7/8 lows), and 1.4270 (intra-day level).

A daily close below 1.4000 could unlock an impulsive wave through 1.3903/04 towards 1.3670, says Ron William, technical analyst at MIG Bank: "Our risk-free short position favours a sustained daily close beneath 1.4148 (38.2% Fib-Jan 2011 uptrend) and 1.4000 (psychological) to unlock an accelerated impulsive (wave 3) through 1.3903/04 (50% Fib/200-day MA), thereafter squeezing long-term upside trend-followers back into 1.3670 (61.8% Fib-Jan 2011 uptrend).".