Good morning, traders!
I hope you've traded successfully during the US confrerence yesterday. Today this morning I see the following scenario on EURUSD:
Look at the resistance line, marked red on the chart above. It started from the spike of 1.2962 during US news, followed by maximum level of late US session - round 1.3000. With the other support line it forms…Continue
Added by Rao Khassan on September 14, 2012 at 7:28am — No Comments
Previous two waves down on EURUSD had 3-wave structure - so we have no clear impulse for (significant) further sell. I watch closely 1.2913 level - if we get above this area, we can enter buys targeting 1.2950s.
Added by Rao Khassan on September 13, 2012 at 11:10am — No Comments
Alongside with you I'm waiting patiently for ECB decision and press conference. Here I post the 8-hour EURUSD chart. Though it's the simpliest you can imagine, it can give you 2 significant clues.
1. There's a resistance line, starting from the end of August, 2011. Its current value is ~1.2680
2. Remember today's resistance…Continue
Added by Rao Khassan on September 6, 2012 at 10:50am — No Comments
We are past the mid-point of European session with relatively tight range at the moment. I have several points to watch closely:
1.2607 1.2612 as short-term resistance points;
1.2590 (!) along with 1.2585 1.2595 as supports.
The closest pivotal levels for today are 1.2587 and 1.2616.
I've set buy order from 1.2590 with stops…Continue
Added by Rao Khassan on September 4, 2012 at 9:53am — No Comments