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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
2 shooting stars don't mean much in this case.... only break of real support (in this case 3950) would mean moving lower....
you should try to understand what the market really wants to do and if you read the charts carefully... you will know...
stronger than anticipated rebound from 3840 level calls for more consolidation.... b4 the next big move...
bulls not going away easily.... and will come back and defend 4030/50... if they want it to push it higher.. expecting this to happen.... for push to 4400 at least but more likely 4500 level..
so wait for the reaction at these levels for a long posi...
neutral zone at current levels.... and expecting drift lower to 4030/50 where the real fight will come into play...
break above 4200 level would confirm bulls back in the game already and ready to push it higher to 4400/4500 level...
u posted once 3600 as the tp which i liked
besides you can see two shooting stars , you know what that means
in the bigger picture.... yes...
but for this quarter... see some more recovery for USD... but as long as 2904 holds... see more gains for Euro... expecting dip as much as 3300 level...
short term.... as long as 3950 holds... see more upside to 4400/4500 level b4 we see the selloff for Euro...
for today and early part of next week.... expecting drift lower for Euro to 4030/50... where i expect support to come for 4400/4500 level next week...
muted reaction to US data no setup yet for eurusd