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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
with stop 4560,, tidght stop will lower if euro goes lower
all the time you're wondering and agonizing over a short set up... we could just easily make pips both ways... i made it crystal clear... break of 4055 would mean shorts... until then buying the dip seem to be the better option... or shorting rallies into new resistance levels would be an option... :)
@digi: when does ur guts tell u forseeing a reversal? 1.50? in mho, it seems fundamental wants to point to a weaker USD that is good for america and global economy + a low inflation on assets. if this is the case, then prolly it might passes thru 1.50. until eurozone problem reappears.
however i d not trade subbies suggestions considering mess in europe
euri will soon reverse
yes... perfectly valid... strong break of the mid line would likely mean a breakout and once it settles above that line... will likely see continuation to the upside and test the upper line.... it coincides in this case with the 4696 main resistance... initial break would set up the breakout north... could see pullback first after break... but the second time it breaks... it will be a breakout.. and will continue until it tests the upper line....
or in some cases.... once it settles above that line... could just see continuation without the pullback....
;)