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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 21, 2011 16:07
next significant fib if we break this current level @ 61.8% 1.3737. I was kinda hoping for a better ret down on the daily where it made a shallow low at 3240. Having trouble reading pattern yet on daily t/f.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jan 21, 2011 16:05
13590 level looks great for scalping:)1.3550....gl guys:)
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 21, 2011 16:03
Euro breakout is proving relentless, extending gains above $1.3550, eyeing the next resistance at $1.3640, with the weekly chart suggesting possible additional gains next week into $1.3720.

EURGBP BREAKS ABOVE 0.8450 so what does it mean? Ive pointed out in my latest Reuters Video that 0.8450 was the immediate resistance. Now that we broke it this level, the remaining barriers stands at 0.87s, which is the longer term trendline, extending from the Oct high thru the Dec high. A lower resistance would be found at 0.8580, which is the 55-week MA. GBP strengthening remains built on higher inflation and the possibility of a rate hike this year.

Ashraf
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 21, 2011 16:01
HAHAHA now they are calling 1.36 the all important resistance , they really think that many fools like us will take a long entry for a 100 pip target at 1.37
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 21, 2011 15:28
Ignore, yep agree. Also while the 4hr stochs are now uppish they could stay there a long time yet. Daily stochs more pressured perhaps and weekly hardly motoring yet. Breaking this 50% fib at 3570 immediate radar.
Ignore
United States
Posted Anonymously
13 years ago
Jan 21, 2011 15:20
Dave...:) pls excuse me, trying to boost appleton profits, have a lil stock
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Jan 21, 2011 15:18
DaveO , right man GBP is surely going down a bit and i am not sure about euro.
Ignore
United States
Posted Anonymously
13 years ago
Jan 21, 2011 15:18
thanks Dave...yes on 4 hr long..
1 hr still long and no signs of backing off yet..may take out 3570 and upwrd
21 sma on 1 hr showing no sign of downturn, stochs either.
so sub 3500 would be good profit stop point on current longs if makes drift..if not, ride dat wave

heavy drinking today..beware
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 21, 2011 15:13
yea catnip, I see my long term DX trend support line currently c.76.70 and rising.

@Ignore, rude comments accepted ;-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 21, 2011 15:10
@Ignore, I wondered whether you treated that 3397 as a stop and reverse on the 4hr model. Good job ! Ok, I know you play the 1 hr model also and understand that. Sorry about the "cropper", it seemed to fit :-)
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