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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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digi
toro, Canada
Posts: 1040
13 years ago
May 5, 2011 17:50
jacek placek dont forget to brush ur teeth

the next tp 4260 and it looks good
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 17:48
Ashraf's daily trend line support agrees with mine and also aligns with my upper 4hr channel support. My lower channel support at c.4440 and rising.

Well Subz, AT LAST you seen your short calls materialise :-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 5, 2011 17:40
Mach I guess you are hiding beyond 21d ma around 1.4577.. that is deep position/commitment to euro for a scalper:-).. whats your source?..
subway90
Posts: 1078
13 years ago
May 5, 2011 17:38
ashraf...

currently running thru 4400/4420.... main support.... where i expect Euro to turn up and challenge 5050/5100 resistance....
unlikely atm but break and close below 4400 level would see more complicated sideways trading b4 taking direction

medium to long term... still biased toward more upside and break above 5144 level....
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 17:37
SPX 4 day decline only 32 handle on moderately weak breadth. Today gap down now recovered 12 handle overnight losses in full and the initial selling was on neutral bid/ask delta. Internals strengthened soon after NY open.

This is not the stuff of serious risk aversion imo so I am expecting the corrrection to be short lived unless the position deteriorates significantly.
subway90
Posts: 1078
13 years ago
May 5, 2011 17:34
dip to 4400/4420 level wouldn't change current short/med term bullish trend....
looking at 8 hour/daily candle suggest a lot of room to the downside.... 4530/40 could provide initial support but as long as we don't see daily close back above 4800 level.... the most likely target remains 4400/4440....
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 5, 2011 17:31
I say mostly done for today and will battle around 1.4600 for a while.. there is a lot of option reletad volume going through around that level..
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 5, 2011 17:27
subway, where do you suggest to be the more imp support?

did you see the chart in today's piece
http://www.ashraflaidi.com/products/sub01/access/?a=412


Ashraf
subway90
Posts: 1078
13 years ago
May 5, 2011 17:24
ashraf...

4570 looks like an easy break to me...

don't know why it's such an important support... don't see anything major there....

just looking at the charts... looks like more room to the downside... let's see... :)
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 5, 2011 16:47
1/4570 is the key support.. unlikely to break below it. People are getting carried away by punishing EUR when all Trichet said was NOT including the word "vigilant". Meanwhile we have more US data. which means justifying QE2 to morph into QE 2.5.... therefore the chart in today's Premium Piece should hold
http://www.ashraflaidi.com/products/sub01/access/?a=412


Ashraf
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