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by Ashraf Laidi
Posted: Mar 8, 2011 14:59
Comments: 14
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This thread was started in response to the Hot-Chart:

That EURGBP Again

 
 
12
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Mar 17, 2011 12:59
Kam, in absence of Alaidi reply, that trend line is pretty darned important and bear in mind it moves a little lower each day. If broken it will also coincide approx with a 127% important level on symmetry at 8746. If convincingly broken price is almost certain to move up some and my own next fib ext level target would be 8843, not far from Alaidi 8880. Have to take target levels one at at time as no point in looking too far ahead. Hope this helps.
Kam
london, UK
Posts: 31
14 years ago
Mar 16, 2011 22:25
Ashraf,
Based on your last post and IMT a close above 0.87 may lead to .8880. Does that mean that bearish move will be invalidated which per your hot chart is 0.8800 trendline resistance?

Kam
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 16, 2011 11:53
EURGBP now testing the 2.5 year trendline resistance addressed in the above hotchart.

Must watch the 100-week MA of 0.8680s. A daily close at or above 0.87 could suggest extended gains towards 0.8880s. These fundamentals are occurring on the back of broader GBP weakness, which is also seen via short-lived gains in cable.

Take a look at the LATEST ARTICLE on Beginning-of-the-month patterns in USDXhttp://bit.ly/ hzMCKX


Ashraf
sasa74
brugherio, Italy
Posts: 1
14 years ago
Mar 10, 2011 21:26
Buonasera comunque sono molto onorato di leggere le sue opinioni e le trovo interessanti comunque da dilettante che sono secondo i miei calcoli potrei avere la res1=0,8588 mentre la res2= 0,8716 e credo che leggendo questo articolo sto imparando anche grazie a lei cordiali saluti
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