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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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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 5:59
un-educated biased view is europe continues selling US$ against everything except the yen.. but Cat's educated objective view is needed to confirm or refute this relative US$ weakness of course:-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 5:42
nothing but low volume chop in asia.. so -+10pip scalping has been good here but watch out for europe trying to break out early.. but which way digi?..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 5:35
yep.. it's all there on the daily.. digi wants a signal.. but only in his direction:-)
subway90
Posts: 1078
13 years ago
Jul 19, 2011 5:23
digi... as long as between 3950~4200 area.... the most you can do is scalp trade... until clear direction taken... you can make plenty of 40~50 pip scalp trade within that range and i don't know why you're complaining.... maybe you just wanna hear "it's short!"... but that's not the case...

4020/30 is a level i watch carefully in the longer term chart... another break below that level and my bias will shift to the downside(with break below 3950 confirming resumption of downtrend)....

today's price movement very important.. will likely determine the direction of Euro in coming days/week... whether to continue south to 37xx area or recovery back up to 4460/80 area first...
so until clear direction taken... scalp trade is way to go... no assumptions pls!

as long as no break below 3950 and back above 4200... i'd say 4460/80... good enough?
digi
toro, Canada
Posts: 1040
13 years ago
Jul 19, 2011 5:03
subbie give my 1 option instead 4 ambiguos

where?
is ir goin
subway90
Posts: 1078
13 years ago
Jul 19, 2011 4:45
as long as above 4097... could see extended gains to 4150/60 level...
break below 4097... Euro will likely fall back to 4040/50 support... if this level holds... see it moving higher to challenge 4190/4200 resistance....
break of 4018 would see continuation lower to 3950/60 level....
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 3:03
good one digi.. for a bit of reassurance:-).. going to have lunch now.. and perhaps 4140 afterwards..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 2:54
typical.. and now it get pumped up..
digi
toro, Canada
Posts: 1040
13 years ago
Jul 19, 2011 2:52
The EUR/USD is gaining some ground early Asia, as local shares markets follow the late US stocks recovery. However in the 4 hours chart the pair remains limited, trading below 1.4150, 20 SMA and with momentum mostly flat below its midline; to extend gains, the pair needs to break above mentioned 1.4150 level, targeting then the 1.4200/25 price zone. Below 1.4090 on contrary, the bullish short term trend will likely be denied with the pair falling back towards the 1.4000/30 price zone.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jul 19, 2011 2:50
possible DT plus channel break.. so could be 4070-80..
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