pay attention that the pair is on 2nd fib projection (161.8) for a while now , it is very close also to the 1\3 fib retracement of the big move (1.224 - 1.515) .
Barak
pay attention that the pair is on 2nd fib projection (161.8) for a while now , it is very close also to the 1\3 fib retracement of the big move (1.224 - 1.515) .
Barak
Last edited by Jess; 02-18-2010 at 07:37 AM. Reason: Advertising
Interesting development...I'm pretty convinced Eur Usd is heading towards the 1.31 level where it will be a question if it will break it or not. I will post updates about it over the weekend!
Anyone catch the fib bounce on 1.3580? I was in for a short about 80 pips lower haha guess Ill hold on and wait for that inevitable drop.
Yes, I was also short earlier at around 1.3500. I entered again at the bounce.
History show us that EUR/USD is growing. There will be a time when EU or US (or both) will react to make the EUR grow again
Hi
Since last week, EU made an upside move of approx. 180 pips. After counting the waves on low timeframes (5 min), we determined this upside move consists of only 3 waves. It means, that it can be an obvious proof of the bullsih impulse continuation. At least we have to wait for breaking 1.3704 and consequently 1.3738 levels.
By now the possibility of bearish bias is still actual, EU has enough space for a downside move without cancellation of the suggested scenario.
Last edited by PipsyGirl; 03-10-2010 at 03:39 PM. Reason: Incomplete Details
yesterday buy euro/usd 1.3674 at 4.04pm, sell euro/usd 1.3636 at 6.53pm, since yesterday the price is stuck between 1.3636 and 1.3674 more or less. Don't buy or sell at the moment there is no market. if you buy the price will go down, if you sell the price will go up. it is the same for gold, and other commodities and currencies.
you touched 1.3785, now give it up already!![]()
wonder what kind of gap we'll see tonight?
I'm targetting 1.31 on Eur usd, the plan is to short 1.3550 up to 1.37.
All part of my analysis I give out on my blog on a weekly basis on Forexhabits![]()