After 3 days of closing below the open price EUR has made a positive close yesterday above 1.38 and is still trading at these levels. We are now very close to the top of the wide negative Ichimoku @ 1.3846 and the strong resistance provided by MA14 @ 1.3875, another even stronger resistance is the 1.3905-10 descending trendline. So what next - we shall try to break them all - whether we shall succeed only God knows. If we succed then my theory of making a new lower top will become a reality,…Continue
EUR stays calm in a flat consolidation around my yesterday's entry level.If you've entered around 1.3720, you probably haven't lost nothing as the price even went close to 1.3812. It's difficult for me to forecast today's trade as, no move in either direction, and no confirmation of any model or figure, but i can give some directions for the future trade.
Enter SHORT below 1.3650 for 1.3545, Enter SHORT again @ 1.3920-50 if we have H4 close above 1.3920 - exit SHORT and wait for a…Continue
EUR is in a recovery mode after last week's big fall. It is still trying to find ground arown 1.3700. To resume the upside we need a daily close above 1.3930-40 zone. Upside limit is @ 1.4120 and 1.4170, i'm still maintaining my theory that we need another jump to 1.41 at least to make another lower top and to confirm the downtrend model. For today enter LONG around 1.3720 (when i'saying around it means +/- 20 pips) with a tight stop - 30-35 pips , first target 1.3860, second 1.3920. Below…Continue
EUR has made some pullback after two days of hard falling and it went about 800 pips down. My last advice was to enter LONG around 1.3650, and if you've followed me, you'd maybe have some +100 pips in you account from yesterday. Greek prime minister played a joke on Merkel and Sarkozy, and this was needed to awake them from that terrible dream of endless pouring money into a bottomless pocket. So on 4th of december will probably be the vote for staying in or going out of the eurozone. In…Continue
EUR has completed the monthly model touching the diagonal resistance trendline @ 1.4240 and is now trading @ 1.3800 levels after expected huge profit taking. On monthly we are again below the positive Ichimoku where all it should be and all the way down is clear now. On weekly we almost hav a full reverse in just one day. Now we are watching the 1.3750 level - on losing it we are going to 1.3520 till the end of the week and even to 1.3400. But on Daily another picture can be seen - we have…Continue