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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30745
Forum Topic:


Discuss EUR in this thread
N.Cornwall, UK
Posts: 5733
11 years ago
Mar 28, 2011 12:27
From a chart pattern perspective I am favouring the 1.3970 level next but I have been known to be wrong :-)
London, UK
Posts: 21
11 years ago
Mar 28, 2011 9:50
Morning all. So the Euro has been suffering the last couple of days, there seems to be significant resistance around 1.42, we've been there a few times now. Meanwhile the FED is boosting its anti-QE rhetoric, and markets may start wanting to price this in, giving a boost to the dollar. Germany begins to voice its disapproval, and soon the markets may need to consider the fact that there is a possibility she will not get re-elected.
Spain's yields are nominally low, but there could still be some contagion from portugal, at the very least with the EU guys delaying any significant announcement for 3 months, permits the markets plenty of worrying space which will stop the euro's rise; and any further crisis will knock it down significantly.
place yer bets...
Posted Anonymously
11 years ago
Mar 28, 2011 9:10
Euro facing first resistance @4080/90.... above 4090... it will test 4125/30 and 4080 will become the support for move to 4180/90 main resistance... break above 4200 level would signal resumption of uptrend....
to the downside 4035 currently act as main support level... break would see drop to 3960/70 level...

Posted Anonymously
11 years ago
Mar 28, 2011 9:03

thanks... yes... first losing trade in months... :)

i've learned to cut losses to a limit if i feel i made the wrong entry.. i think most traders should be disciplined enough to accept loss and move on to be a better trader... coz our egoes will prove to be one of the worst enemies in trading... :)

surrey, Canada
Posts: 69
11 years ago
Mar 28, 2011 4:50
subway90, you have a very high success rate in your trading. This is the first trade I have seen went against you in last few months. Keep up the good work.
Posted Anonymously
11 years ago
Mar 28, 2011 2:15

thanks... but clearly wrong entry for me...
violated 4080/90 supported and never settled above 4090 level.... should've closed at b/e... but it's ok... :)

above 4052... will challenge 4080/90 again... above 4090 would see 4130 and possibly 4180/90...
below 4020.. it will be heading down 3960/70... let's see...
Lemberg, Canada
Posts: 249
11 years ago
Mar 28, 2011 2:04
sub...look at GBP/$, much better for T-analyst at the moment
and fundys are more straight forward.
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Mar 28, 2011 1:17
Euro hit by Merkels election defeat in the Conservative stronghold state of Baden-Wurttemberg, where the Chrisitian Democrats have not lost since 1952. That is the CDUs 3rd electoral defeat after having lost in Hamburg and weak showing in Saxony-Anhalt.

Merkel's decision to shut down 4 nuclear reactors in Baden-Wurttemberg turned out costly. Euro losing across the board, with EURUSD & EURCAD suggesting double tops at 1.4270s and 1.390 respectively. EURCAD drops 80 pips from Thursdays chart nrjnhgp eyeing interim target at 1.3690. EURAUD breaks below 1.3780 trendline support. EURGBP turning bearish but weekly chart continues to defy the bears after the breakout above 0.87.

Posts: 1078
11 years ago
Mar 28, 2011 0:29
swissy heading to 9280/9300 resistance.... clear break and close above 9300 level could see extension to 9450... if 9280/9300 caps... could see pullback from that level to 9100 support..
Posted Anonymously
11 years ago
Mar 28, 2011 0:22
gap open lower... :)

longs stopped out..

4030 level broken... if we see continuation to the downside... next support comes in around 3960 level...
now 4080/90 acts as barrier for any move higher... with 4190/4200 as main resistance level...

initial dip to 3960/70 would be a good buying opportunity for targets 4030/4080/4130...