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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
thanks... but clearly wrong entry for me...
violated 4080/90 supported and never settled above 4090 level.... should've closed at b/e... but it's ok... :)
above 4052... will challenge 4080/90 again... above 4090 would see 4130 and possibly 4180/90...
below 4020.. it will be heading down 3960/70... let's see...
and fundys are more straight forward.
Merkel's decision to shut down 4 nuclear reactors in Baden-Wurttemberg turned out costly. Euro losing across the board, with EURUSD & EURCAD suggesting double tops at 1.4270s and 1.390 respectively. EURCAD drops 80 pips from Thursdays charthttp://chart.ly/ nrjnhgp eyeing interim target at 1.3690. EURAUD breaks below 1.3780 trendline support. EURGBP turning bearish but weekly chart continues to defy the bears after the breakout above 0.87.
Ashraf
longs stopped out..
4030 level broken... if we see continuation to the downside... next support comes in around 3960 level...
now 4080/90 acts as barrier for any move higher... with 4190/4200 as main resistance level...
initial dip to 3960/70 would be a good buying opportunity for targets 4030/4080/4130...
gl/gt