Posts by "nido"

i recommend to sell at 2845 i dont think abt 2930
market already made 3067 high
so i think its hold 3080 and 3120
i hope we will see good downside move from now

hello to all
1.3000 is the horizontal resistance and today euro show the high of 1,2953 i think stroy completed to the upside but still iif its breach 1,3000 then we will look for 1,3250 the important thing will happen at friday if euro will close this week below 1,2720 then only we have chance to go down till 2130 in long run but if market close above 1,2720 then we will have to trade in buy only till again target will be 1,3000 and if breach then 1,3250 so guys keep in touch i will tell you daily or weekly trades with perfect levels and also tell u current trend
thnx
happy pipping

The recent short squeeze higher for the eurodollar appears to be coming to an end as evidenced on the weekly chart, with last week's attempt to break higher running into resistance from the 9 week moving average which now sits immediately above. In addition last week's price action and the consequent narrow spread candle failed to provide any evidence of follow through from the previous week's bullish forex trading signal and, as such, we must therefore conclude that the rally is beginning to peter out. In addition we are also running into the underside of the deep price congestion which sits at the USD1.26 area and above and this, in itself, is probably sufficient to bring the current move to an end. The 40 week moving average has now crossed below the 200 week moving average and this again is further confirmation a bearish technical picture. As such we can expect to see the eurodollar move dramatically lower in due course, initially to test the USD1.1876 low of June, followed by a re-test of USD1.1638 last seen in late 2005 and thereafter a possible move to parity in the next 12 months.

yes coach exactly... thats what i wanted to say
thnx

you welcome pipster....