EUR

Extracted fromhttp://www.fxtechstrategy.com/index.php?option=com_content&view=article&id=58&Itemid=29

EURUSD Set To Trade Further Higher (Week In Review)

EURUSD: As the pair followed through higher the past week on the back of its previous week bullish run, further bull pressure is set to recapture the 1.2671 level, its May 2110 high and the 1.2721 level, its July 0910 high. These two key resistance levels must give in to set the tone for further gains towards the 1.3000 level, its psycho level or even higher. While firmly holding above the 1.2466 level, its Jun 2110 high, we look for the above view to materialize. On the downside, if a continuation of its Friday weakness occurs, we may see a decline targeting the 1.2466 level where a reversal of roles is expected to turn the pair back up again. However, on a violation of that level risk should open up towards its .50. Fib Ret (1.1875-1.2466 rally) at 1.2169 and the 1.2162 levels, its Jun 1410 low with a loss of there targeting the 1.2000 level ahead of the 1.1875 level, its 2010 low. A close below that level will have to occur to annul its entire nearer term corrective recovery and bring further weakness towards its the 1.1801 level.

i changed the trade to eurusd long stopbuy @12665 eurusd short stop buy @126
i think we'll see retrace to 򗫙 monday if us stocks close at day's high

so far i am short gbpjpy and eurjpy will enter eurusd long waiting if it bounces off 12610-15
i think 128 is still in the cards next week if stocks recover

ashraf said 12735 for euro is hard to break keep short till that level
i recommend ashraf on his cad and pound call perfect 100% made good return

Aynone can tell me if Eurusd is gonna break 1.2650 tonight???

Pretty boring after London close. Should have stayed out and enjoy Friday night!