Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
i see...
i guess you're putting into assumption that downtrend has resumed....
my only point is maybe too soon to assume it has resumed downtrend...
anyway thanks for your answer... :)
as long as 2587 main support stays intact... upmove from 1875 low is still in progress.... and see possibility of further upmove....
current scenario for me in Euro is from the 42xx top... could be in an a-b-c(A... 2968) a-b-c(B... somewhere around 3690-3740) then a-b-c(C... expecting somewhere around 2800 level)...
break above 3450 would support this view....
or for more bullish setup....
if Euro manages to get past above 3800 level... could be headed higher already(but looking at the monthly candle... biased to see 1 more dip)...
monthly close below 2800 level for me would the first warning signal... but only break below 2587 would see it drop to 1.20 initally then lower....
Ashraf
care to share your personal view on Euro short term?
intial target of 3600 enroute to 3690/3740...
november monthly candle was very bearish.... however last week's bullish candle suggest we could be in correction first of the whole downmove from 42xx level to last week's low...