Comment by Elric on January 10, 2013 at 12:39pm

does anyone agree on this ?

Comment by Peter jcp on January 10, 2013 at 12:57pm

Hi Elric - yes i think that is a good 30 min chart of EU. You can see clearly when the up trend this week would be broken and also resistances above - although i would differ slightly with some of the fib levls but not by much.

We have just had ECB rate hold and EU as not gone up over 3110 and now its time to look for next clues.

If we keep to LH's we dont make 3139 but post a LH and then test supports.

If we do keep trying up and get over 3139 then its 3150 -70 area - with 3100 then should be enough to act as a support.

For me scalping I change to holding scalp sells under 3090 and 3070. - Whilst above these levels you still look for higher 

Have a great day 

Regards 

Peter

Comment by Elric on January 10, 2013 at 1:04pm

Thanks for your review. really good to have your opinion ! 

Comment by Elric on January 11, 2013 at 1:34am

yeah Leon, but didn't expected it will go to the final retracement (given some margin error) and the target of corrective abc up of 1.618

Comment by Elric on January 11, 2013 at 1:45am

Set Sell Limit @ 1.3270 SL 1.3285 and TP: OPEN.

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