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
the last rally from 11/17 - 11/22 for euro matching just previous rally from12/01 - 12/05...
but the resumption south is now taking a slight bounce up out of 4 hr channel....
opportunity to reshort again higher and/or bank second 1/2..
or head fake and resume south harder..like last downleg..
banking first half makes for nice cocktail hour..and easy to watch remaining trade (for newbies)
mid 80's here....rum time....first seed..
$1.3210 appears next short term target as long as $1.3330 is avoided. While EURCHF is taking a fresh battering, while USDCHF makes a valiant recovery after bouncing off the 0.9725 low. Although USDCHF trendline support stands at the lower level of 0.9690s, we need to closely monitor the upmove of the last 12 hours, which may suggest an extension towards 0.9930.
Ashraf
http://www.youtube.com/watch?v=glIbzWCBdw8
Ashraf