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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
e/y looks good down to 100 . 3 lines intersect there
sht euro 3675 stop 3711..tp unknown..need break even trade..see what happnes..possible tp 1/2 3650
55 below mid tunnel..
anyone planing to Short EUR/JPY?
hope trading is good for you...
digi,Dave thanks for the shout out..
re euro..4 hr teetering long signal..
1 hr in the tunnel which is 3705 with 21 down..a 21-34 break of tunnel worth taking..
if north would activate the 4 hr long which needs a close abv 3700 for long..
1 hr stochs looking down....
the 1 hr tunnel good place for euo before news/event/blah
so will be watching...
btw..where is Greece?
Note, this is not a bullish view as technicals and fundamentals point to a downside risk but recognition of a pattern that has unfolded over the past 1+ week. A firm break of 1.3495 would be needed to end thoughts of deja vu.
When eurusd traded 1.40-1.45, the risk was seen on the downside but repeated attempts to decisively take out the bottom of the range were met with what I call an invisible hand. This invisible hand demand for euros led to a squeeze that forced those betting on a breakout to run for cover on more than one occasion.