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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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subway90
Posts: 1078
14 years ago
Aug 3, 2011 0:15
need break above 4223 to challenge the 4280 high again... if successful... Euro heading higher to 4380/4400...

break below 4150 would see 4130... could be a good long for 100 pips....
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Aug 3, 2011 0:12
you know how too much chip chop confuses EW :-) Easier for me to be selective !
subway90
Posts: 1078
14 years ago
Aug 3, 2011 0:08
yeah dave...

nothing really confirmed it's long.. only my bias remains long until proven otherwise... :)

break of 4000 level.. would see prolonged sideways trading in between 3500~4500 range... imo
jacek
Melbourne, Australia
Posts: 2579
14 years ago
Aug 3, 2011 0:06
here is my perfect range trade with trigger, stop and few partial targets.. comments invited:-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Aug 3, 2011 0:02
yeah agree subs. My point really is that EU likely to continue being a choppy sob for trading. Both currencies tied to appalling fundamentals.
subway90
Posts: 1078
14 years ago
Aug 2, 2011 23:45
yeah dave... could be...

but i'll only be convinced once fundamentals and technicals align and point to the same direction... until then i'll stick with my technicals... :)

for me... it's a broad-based dollar weakness rather than Euro strength...

from pure technical point of view... when Euro dipped... should've broken thru the main support @ 1.1638(if broken.. would've signaled top in place)... it didn't.. and started move higher... so upside is still open....
once we take out 1.5140 high ... i'd say new highs above 1.6038... only break below 1,2873 would signal failure to the upside and move below 1.1876...

down the road... could be a story of once a great nation becoming a history... and that history could have started already...

jacek
Melbourne, Australia
Posts: 2579
14 years ago
Aug 2, 2011 23:45
not looking for a trend change here, only swing up.. actually digi had a good pic from our friends in poland showing just that:-) anyway looks ranged to me for a bit.. all the news is out.. and italy no greece.. so closed my options and be playing range..
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Aug 2, 2011 23:20
Until fundamentals radically improve the eur is on my shorts only list. Against usd who knows !
subway90
Posts: 1078
14 years ago
Aug 2, 2011 23:05
further down the road.... if 70.792 breaks... see 67 then 60.... :)

but i'll go there if it is broken... :)
subway90
Posts: 1078
14 years ago
Aug 2, 2011 22:52
nice try CAT... :)

no need to play that kind of guessing game...

as long as USDx is capped below 75.20.... the next big move would be to the downside... with initial target @ 72.30/50 then 70.50/70...

if you're smart enough... you can try to compute that in terms of eur/usd level... :)
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