Forum > View Topic
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
short or long?
Valeria Bednarik, Chief Analyst at FXstreet.com still sees EUR/USD holding a strong bullish momentum: "The pair seems now correcting extreme overbought conditions before aiming higher; the upside is supported by general buying mood, as local share markets had the same tone of their oversea partners. Hourly chart, shows a still strong bullish momentum that should help keep the downside limited
"..Dealers in Asia say the session has kicked off on a
fairly subdued note, with euro-dollar now at $1.4395, as $1.4400 gives
way in the face of offers at $1.4450 and $1.4470. There's talk of weak
bids and hourly chart support at $1.4370/60, which may not hold very
long, trailing stops at $1.4340, with stronger support now seen at
$1.4300, and further tech support at $1.4276, the July 13 high.."
but i read some commentaries dat aussie beat up that bearish convergence / sell signal
today
i t looked pretty convincing
how are you doing with your aussie short digi?..
heres
break below 4358 confirms move south to 4260/80 then 4210/30...
but daily channel top posing resistance..
long 4124 tp 1/3 4430 taken next tp tba..
putting stop at 4350