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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
However, the recovery stalled just shy of the 1.3700 mark and the subsequent dip sent EUR/USD to the 1.3650 zone where it is currently trading, 0.48% above its Monday's opening price.
"Corrective bounce exceeded initial resistance at 1.3625 zone, but stalled on approach at 1.3700/25 resistance zone, with break below 1.3600, 20 day MA, to open way towards 1.3500", said Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Wider picture remains bearish and loss of 1.3500 handle to expose 1.3427 next".
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euro current 3650 for reference...
good week to stand ready with ur ready margin...mho
hit the lower weekly channel, even dipped below with a gap down..now traded back to original close area.......u can read fundy news..helping the current bounce..
this is area where I expected to go long...with averaging...watching now the 1 hr not quite long and the 4 hr especially to register a candle o/c above 3671 and the 1 hr to give earlier long setup but 21 still down in relation to prev candles..
so again waiting....I CAN take substantial risks but choose to WAIT now...
don't overtrade.....
interested in any euro views at present..
good luck and stay positive dreadies..
SHIBOR data imply PBOC is easing ( or maybe bail out banks)
overnight 3.0408 -6.50
1W 3.6233 -38.67
2W 3.9992 -10.31
1M 5.0942 -26.01
3M 5.6513